Sprott Focus Trust, Inc.'s SEC filings document proxy and governance matters for a closed-end diversified management investment company. Definitive proxy statements under Schedule 14A cover annual meeting procedures, director-election proposals for the Fund's board, and shareholder voting matters. The filing record also reflects the Fund's common-stock issuer context and the governance framework supporting its listed closed-end fund structure.
Sprott Focus Trust, Inc. (FUND) will hold its 2025 Annual Meeting on 2 Sep 2025 at 1:00 p.m. ET in Darien, CT. Only stockholders of record at the close of business on 18 Jul 2025 may vote. The sole voting item is Proposal 1: election of two Class III independent directors, Leslie Barrett and Michael W. Clark, for terms expiring in 2028. No other proposals or appraisal rights are offered.
The Fund has 29,641,944 shares outstanding. CEO and interested director W. Whitney George beneficially owns 15,670,672 shares (52.86%), giving him de-facto majority control; all other directors and officers together own 52.93%. Independent directors form 80 % of the five-member board and comprise the entire Audit and Governance Committees. Each independent director received $5,086.25 in 2024 compensation; no pension benefits accrue.
Audit services will again be provided by Tait, Weller & Baker LLP; 2024 fees were $30,000 audit and $7,200 tax, unchanged from 2023. The Audit Committee reaffirmed the auditor’s independence and recommended inclusion of 2024 financials in the Annual Report. All directors attended at least 75 % of 2024 meetings, yet none attended the 2024 stockholder meeting. Voting may be executed by proxy card, telephone, internet or in person.