First Majestic Announces Voting Results from 2026 Annual General Meeting

Rhea-AI Summary

First Majestic (NYSE:AG) reported voting results from its 2026 Annual General Meeting held June 10, 2026.

Shareholders representing 58.77% of outstanding shares were present and approved all items, including fixing the board at six directors, electing all nominees, reappointing Deloitte, say-on-pay, and LTIP entitlements.

News Market Reaction – AG

+7.70%

4 alerts

+7.70% Session close to close

$8.17B Market Cap

52.76K Volume

In the Jun 11 session, AG gained 7.70%, reflecting a notable positive market reaction. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +7.7% in the session following this news. A strong positive reaction aligns with a p...

Analysis

The stock moved +7.7% in the session following this news. A strong positive reaction aligns with a pattern where governance and operational milestones have sometimes supported upside, as seen after the sustainability and AGM mailing news that preceded a 4.01% move. In such cases, investors appeared to reward clarity on strategy, ESG, and capital allocation. However, prior instances also showed gains fading after good news, suggesting that broader silver prices and technical factors, such as trading below the 200-day average, remained important swing variables.

Key Figures

Shares represented at AGM: 290,164,319 shares AGM turnout: 58.77% Board size: 6 directors +5 more

8 metrics

Shares represented at AGM 290,164,319 shares Total common shares voted at 2026 AGM

AGM turnout 58.77% Percentage of issued and outstanding shares represented

Board size 6 directors Number of directors set by shareholder resolution

Board size approval 99.45% for / 0.55% against Vote to set number of directors at six

CEO support 90.43% for / 9.57% withheld Election of director nominee Keith Neumeyer

Lowest director support 69.87% for / 30.13% withheld Election of director nominee Thomas F. Fudge, Jr.

Auditor appointment 87.01% for / 12.99% withheld Re-appointment of Deloitte LLP as auditor

Say-on-pay vote 65.64% for / 34.36% against Advisory vote on executive compensation approach

Historical Context

5 past events · Latest: May 27 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 27	Silver price context	Positive	-3.0%	Higher silver prices and production context for First Majestic operations.
May 12	Earnings and dividend	Positive	+2.7%	Record Q1 2026 revenue, earnings and a higher quarterly dividend.
Apr 29	Sustainability report, AGM	Positive	+4.0%	2025 Sustainability Report and mailing of 2026 AGM materials.
Apr 09	Production results	Neutral	-1.5%	Q1 2026 production update tracking annual silver and gold guidance.
Apr 02	Mine restart plan	Positive	-1.5%	Jerritt Canyon restart plan with 2027 production target and 2026 spend.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent company-specific news has often been positive, with price reactions mixed and sometimes negative even on constructive updates around operations, reserves, or strategic plans.

Recent Company History

Over the past few months, First Majestic has reported multiple operational and strategic milestones. Q1 2026 financials on May 12 showed record revenue of $476.7 million and higher dividends, and a 4.01% rise followed the 2025 Sustainability Report and 2026 AGM mailing on April 29. Earlier updates on production, Mineral Reserves/Resources, and the Jerritt Canyon restart plan around early April drew modest negative moves. Against this backdrop, the 2026 AGM voting results continue a governance theme but came alongside a larger 5.02% decline.

Key Terms

management information circular, auditor, say-on-pay, long-term incentive plan, +1 more

5 terms

management information circular regulatory

"matters that were voted upon at the 2026 AGM are described in detail in the Company's Management Information Circular"

A management information circular is a document sent to shareholders ahead of a company meeting that explains who is asking for votes, what decisions will be made, and why management recommends a particular outcome. Like an instruction booklet and argument sheet combined, it lays out details such as board nominees, executive pay, major transactions and any conflicts, helping investors decide how to vote and judge whether leadership choices could affect the company’s future value.

auditor financial

"Appoint Deloitte LLP, Independent Registered Public Accounting Firm, as auditor for the Company"

An auditor is an independent professional who examines a company’s financial records, accounting systems, and internal controls to confirm that reported numbers are accurate and follow the rules. For investors, an auditor’s review is like a third‑party inspector for a house: it reduces the risk of hidden problems, makes financial statements more trustworthy, and helps investors judge whether a company’s reported results reflect reality.

say-on-pay financial

"SAY-ON-PAY (non-binding advisory vote)"

A say-on-pay is a shareholder vote that gives investors a chance to approve or disapprove a company’s executive compensation packages, typically held at annual meetings. It matters because the vote signals investor satisfaction with how leaders are paid—like customers rating how well managers are rewarded—and can push boards to change pay plans, reducing governance risk and affecting investor confidence and stock value even though the vote is usually advisory rather than legally binding.

long-term incentive plan financial

"Approve the unallocated entitlements under the Company's long-term incentive plan (the "LTIP")"

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

ltip financial

"Company's long-term incentive plan (the "LTIP") and ratify grants of Awards"

LTIP stands for Long-Term Incentive Plan, a company program that pays executives and key employees with stock, cash, or other rewards tied to multi-year performance targets and continued service. It matters to investors because it aligns management’s pay with the company’s long-term success—like paying a gardener in future harvest to ensure the orchard thrives—while also affecting share count and reported expenses, which can influence future returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Vancouver, British Columbia--(Newsfile Corp. - June 10, 2026) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the voting results for its Annual General Meeting of shareholders that was held on Wednesday, June 10, 2026 in Vancouver, British Columbia (the "2026 AGM"). Each of the matters that were voted upon at the 2026 AGM are described in detail in the Company's Management Information Circular dated April 29, 2026 (the "Circular"), which is available on the Company's website at www.firstmajestic.com/investors/agm-materials/ and under the Company's profile on SEDAR+ at www.sedarplus.ca.

A total of 290,164,319 common shares ("Shares") of First Majestic were represented at the 2026 AGM, representing 58.77% of the Company's issued and outstanding Shares as at April 15, 2026, the record date for the 2026 AGM. Shareholders voted in favour of all matters brought before the 2026 AGM. The specific voting results were as follows:

NUMBER OF DIRECTORS

Resolution	Votes For	% For	Votes Against	% Against
Set the number of directors of the Company at six	288,501,016	99.45%	1,605,061	0.55%

 

ELECTION OF DIRECTORS

Director Nominee	Votes For	% For	Votes Withheld	% Withheld
Keith Neumeyer	205,934,817	90.43%	21,805,112	9.57%
Marjorie Co	226,698,213	99.54%	1,041,717	0.46%
Thomas F. Fudge, Jr.	159,116,119	69.87%	68,623,811	30.13%
Raymond L. Polman	226,941,896	99.65%	798,034	0.35%
Colette Rustad	225,119,902	98.85%	2,620,027	1.15%
Ayesha Hira	226,854,677	99.61%	885,254	0.39%

 

APPOINTMENT OF AUDITOR

Resolution	Votes For	% For	Votes Withheld	% Withheld
Appoint Deloitte LLP, Independent Registered Public Accounting Firm, as auditor for the Company to hold office until the next Annual General Meeting and authorize the directors to set the remuneration to be paid to the auditor	252,426,451	87.01%	37,679,627	12.99%

 

SAY-ON-PAY (non-binding advisory vote)

Resolution	Votes For	% For	Votes Against	% Against
Advisory resolution to approve the Company's approach to executive compensation	149,484,647	65.64%	78,255,279	34.36%

 

APPROVAL OF UNALLOCATED ENTITLEMENTS AWARDED UNDER LTIP

Resolution	Votes For	% For	Votes Withheld	% Withheld
Approve the unallocated entitlements under the Company's long-term incentive plan (the "LTIP") and ratify grants of Awards (as defined in the LTIP) that have been made since May 26, 2025	221,671,087	97.34%	6,068,840	2.66%

 

ABOUT FIRST MAJESTIC

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates four producing underground mines in Mexico: the Santa Elena Silver/Gold Mine, the Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the San Dimas Silver/Gold Mine, and La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold Mine located in northeastern Nevada, U.S.A., which the Company is currently in the process of re-starting.

First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at www.firstmint.com, at some of the lowest premiums available.

For further information, contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll free number 1.866.529.2807.

FIRST MAJESTIC SILVER CORP.

"signed"

Keith Neumeyer, CEO

Cautionary Note Regarding Forward Looking Statements

This news release contains "forward‐looking information" and "forward-looking statements" under applicable Canadian and United States securities laws (collectively, "forward‐looking statements"). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are discussed in the section entitled "Risk Factors" in the Company's most recent Annual Information Form for the year ended December 31, 2025 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at www.sedarplus.ca, and in the Company's Annual Report on Form 40-F for the year ended December 31, 2025 filed with the United States Securities and Exchange Commission on EDGAR at www.sec.gov/edgar.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301028

FAQ

What were the key results of First Majestic (AG) 2026 AGM voting?

Shareholders approved all resolutions at First Majestic’s 2026 AGM, including directors, auditor, say-on-pay, and LTIP items. According to First Majestic, 58.77% of outstanding shares were represented, and every proposal received majority support, confirming the company’s current governance structure.

How many shares were represented at First Majestic (AG) 2026 Annual General Meeting?

A total of 290,164,319 First Majestic shares were represented at the 2026 AGM, equal to 58.77% participation. According to First Majestic, this figure is based on issued and outstanding shares as of the April 15, 2026 record date for the meeting.

What percentage of shareholders supported First Majestic (AG) say-on-pay vote in 2026?

About 65.64% of voting shareholders supported First Majestic’s 2026 advisory say-on-pay resolution on executive compensation. According to First Majestic, 149,484,647 votes were cast in favour and 78,255,279 votes against, making the outcome non-binding but informative for compensation decisions.

How did First Majestic (AG) shareholders vote on the number of directors in 2026?

Shareholders approved setting the number of First Majestic directors at six, with 99.45% of votes in favour. According to First Majestic, 288,501,016 votes supported the resolution and 1,605,061 votes were against, confirming a six-member board structure.

Which director nominees were elected at First Majestic (AG) 2026 AGM?

All six nominees—Keith Neumeyer, Marjorie Co, Thomas F. Fudge Jr., Raymond L. Polman, Colette Rustad, and Ayesha Hira—were elected. According to First Majestic, support ranged from 69.87% to 99.65% of votes cast for each director candidate.

Who was appointed auditor for First Majestic (AG) following the 2026 AGM vote?

Deloitte LLP was appointed as First Majestic’s auditor until the next Annual General Meeting, with 87.01% support. According to First Majestic, 252,426,451 votes were cast in favour and 37,679,627 votes withheld, and directors are authorized to set the auditor’s remuneration.

What was approved regarding First Majestic (AG) long-term incentive plan at the 2026 AGM?

Shareholders approved unallocated entitlements and ratified awards under First Majestic’s long-term incentive plan since May 26, 2025. According to First Majestic, 97.34% of votes (221,671,087 shares) supported the LTIP resolution, with 2.66% (6,068,840 shares) withheld.