[6-K] Ferroglobe PLC Current Report (Foreign Issuer)
Ferroglobe held its Annual General Meeting on June 26, 2025, with all proposed resolutions successfully passing. Key highlights include:
Board and Management:
- Marco Levi re-elected as CEO with 94.94% approval
- Javier López Madrid re-elected with 94.55% approval
- Notable contested re-elections: Bruce L. Crockett (68.48%), Belen Villalonga Morenés (70.64%), and Marta de Amusategui y Vergara (70.61%)
Key Corporate Matters:
- Directors' remuneration policy approved with 81.20% support
- Annual remuneration report endorsed with 98.79% approval
- Renewed Equity Incentive Plan (EIP) passed with 81.21% support
- KPMG LLP reappointed as auditor with overwhelming 99.96% approval
The meeting saw strong shareholder participation with most resolutions receiving votes representing over 70% of issued share capital. Political donations authorization capped at £100,000 was approved with 99.70% support.
- Strong shareholder engagement with high voting participation - 77.27% of issued share capital participated in the AGM
- Overwhelming approval (99.97%) of the company's financial reports and auditor's reports for FY2024
- Near-unanimous support (99.96%) for KPMG LLP's reappointment as auditor, indicating confidence in financial oversight
- Significant opposition (29.32%) to director Marta de Amusategui y Vergara's re-election
- Notable dissent (31.51%) against director Bruce L. Crockett's re-election, suggesting governance concerns
- Material shareholder resistance (16.81%) to the directors' remuneration policy, indicating compensation concerns
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934
For the Month June, 2025
Commission File Number: 001-37668
FERROGLOBE PLC
(Name of Registrant)
13 Chesterfield Street,
London W1J 5JN, United Kingdom
+44 (0)750 130 8322
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F ☒Form 40-F ☐
Results of 2025 Annual General Meeting of Ferroglobe PLC
Ferroglobe PLC announces the results of its Annual General Meeting held on Thursday, June 26, 2025. All resolutions were voted on by way of a poll and were passed. The results of the voting, including the number of votes cast for and against, are available on the Company's website and are set forth in the attached exhibit, which is being furnished herewith.
Exhibit
Reference is made to the exhibit attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: June 26, 2025
FERROGLOBE PLC
By: /s/ Marco Levi
Name: Marco Levi
Title: Chief Executive Officer (Principal Executive
Officer)
FERROGLOBE PLC
VOTING RESULTS OF ANNUAL GENERAL MEETING
HELD ON JUNE 26, 2025
Ferroglobe PLC announces the results of its Annual General Meeting held on Thursday, June 26, 2025. All resolutions were voted on by way of a poll and were passed.
The total number of votes received on each resolution is as follows:
No. |
| Resolution |
| For |
| % of |
| Against |
| % of |
| Votes cast as |
| Withheld |
1. | | THAT the directors’ and auditor’s reports and the accounts of the Company for the financial year ended 31 December 2024 (the “U.K. Annual Report and Accounts”) be received. | | 144,030,223 | | 99.97 | | 24,584 | | 0.02 | | 77.27 | | 12,856 |
| | | | | | | | | | | | | | |
2. | | THAT the directors’ remuneration policy (the “Remuneration Policy”), as set out on pages 43 to 57 of the U.K. Annual Report and Accounts be approved. | | 116,983,592 | | 81.20 | | 24,219,854 | | 16.81 | | 62.76 | | 2,864,217 |
| | | | | | | | | | | | | | |
3. |
| THAT the directors’ annual report on remuneration for the financial year ended 31 December 2024 (excluding, for the avoidance of doubt, any part of the Directors’ remuneration report containing the directors’ remuneration policy), as set out on pages 39 to 42 and 58 to 68 of the U.K. Annual Report and Accounts be approved. |
| 142,318,571 | | 98.79 | | 1,472,412 | | 1.02 | | 76.35 | | 276,680 |
| | | | | | | | | | | | | | |
4. |
| THAT, in accordance with Part 14 of the Companies Act and in substitution for any previous authorities given to the Company (and its subsidiaries), the Company (and all companies that are subsidiary of the Company at any time during the period for which this resolution has effect) be authorized to: (i) make political donations to political parties or independent election candidates; (ii) make political donations to political organizations other than political parties, and (iii) incur political expenditure, in each case, as such terms are defined in the Companies Act, provided that with respect to each of the foregoing categories, any such donations or expenditure made by the Company, or a subsidiary of the Company, do not in the aggregate exceed £100,000. Such authority shall expire at the conclusion of the Company’s next annual general meeting. For the purposes of this resolution, the authorized sum may comprise sums in different currencies that shall be converted at such rate as the Board may in its absolute discretion determine to be appropriate. |
| 143,629,155 |
| 99.70 |
| 420,247 |
| 0.29 |
| 77.05 |
| 18,261 |
| | | | | | | | | | | | | | |
5. | | THAT the rules of the Ferroglobe Plc Equity Incentive Plan in a proposed updated form (the “Renewed EIP”), the principal terms of which are summarised in this Notice, and a copy of which are produced in draft to this meeting and initialled by the Chair of the meeting for the purpose of identification, be and are hereby approved for adoption by the directors of the Company. | | 117,003,927 | | 81.21 | | 24,201,209 | | 16.80 | | 62.77 | | 2,862,527 |
| | | | | | | | | | | | | | |
6. |
| THAT Javier López Madrid be re-elected as a director. |
| 136,214,263 |
| 94.55 |
| 7,844,088 |
| 5.44 |
| 73.08 |
| 9,312 |
| | | | | | | | | | | | | | |
7. | | THAT Marco Levi be re-elected as a director. | | 136,776,525 | | 94.94 | | 7,281,776 | | 5.05 | | 73.37 | | 9,362 |
| | | | | | | | | | | | | | |
8. | | THAT Marta de Amusategui y Vergara be re-elected as a director. | | 101,738,205 | | 70.61 | | 42,234,046 | | 29.32 | | 54.58 | | 95,412 |
| | | | | | | | | | | | | | |
9. | | THAT Bruce L. Crockett be re-elected as a director. | | 98,668,282 | | 68.48 | | 45,390,519 | | 31.51 | | 52.94 | | 8,862 |
| | | | | | | | | | | | | | |
10. | | THAT Stuart E. Eizenstat be re-elected as a director. | | 143,898,789 | | 99.88 | | 74,062 | | 0.05 | | 77.20 | | 94,812 |
| | | | | | | | | | | | | | |
11. | | THAT Manuel Garrido y Ruano be re-elected as a director. | | 136,713,690 | | 94.89 | | 7,259,111 | | 5.04 | | 73.35 | | 94,862 |
| | | | | | | | | | | | | | |
12. | | THAT Juan Villar Mir de Fuentes be re-elected as a director. | | 136,692,483 | | 94.88 | | 7,280,368 | | 5.05 | | 73.33 | | 94,812 |
| | | | | | | | | | | | | | |
13. | | THAT Belen Villalonga Morenés be re-elected as a director. | | 101,768,294 | | 70.64 | | 42,204,467 | | 29.29 | | 54.60 | | 94,902 |
| | | | | | | | | | | | | | |
14. | | THAT Silvia Villar-Mir de Fuentes be re-elected as a director. | | 136,684,999 | | 94.88 | | 7,347,501 | | 5.10 | | 73.33 | | 35,163 |
| | | | | | | | | | | | | | |
15. | | THAT Nicolas De Santis be re-elected as a director. | | 142,820,374 | | 99.13 | | 1,238,427 | | 0.86 | | 76.63 | | 8,862 |
| | | | | | | | | | | | | | |
16. | | THAT Rafael Barrilero Yarnoz be re-elected as a director. | | 142,960,834 | | 99.23 | | 1,011,967 | | 0.70 | | 76.70 | | 94,862 |
| | | | | | | | | | | | | | |
17. | | THAT KPMG LLP be re-appointed as auditor of the Company to hold office from the conclusion of the Annual General Meeting until the conclusion of the next general meeting at which accounts are laid before the Company. | | 159,331,940 | | 99.96 | | 49,012 | | 0.03 | | 85.47 | | 14,049 |
| | | | | | | | | | | | | | |
18. | | THAT the Audit Committee of the Board be authorized to determine the auditor’s remuneration. | | 144,027,189 | | 99.97 | | 30,014 | | 0.02 | | 77.26 | | 10,460 |
FAQ
What were the key voting results from GSM's 2025 Annual General Meeting?
How did shareholders vote on GSM's executive compensation (say-on-pay) in 2025?
Which GSM board members received the lowest shareholder support in the 2025 election?
Was GSM's CEO Marco Levi re-elected to the board in 2025?
Did GSM shareholders approve the Renewed Equity Incentive Plan in 2025?
