[8-K] United States Antimony Corporation Reports Material Event

Rhea-AI Filing Summary

On 31 July 2025 United States Antimony Corporation (NYSE American: UAMY) held its annual shareholders’ meeting and disclosed the final voting results in this Form 8-K (Item 5.07). All five director nominees—Gary C. Evans, Dr. Blaise Aguirre, Lloyd J. Bardswich, Joseph A. Carrabba and Michael A. McManus—were elected for one-year terms ending in 2026.

Shareholders also approved: (1) reincorporation from Montana to Texas (20.6 m for / 11.8 m against / 59 k abstain); (2) the Amended & Restated 2023 Equity Incentive Plan (25.7 m for); (3) an advisory “say-on-pay” resolution (30.5 m for, 1.7 m against); and (4) ratification of Assure CPA, LLC as independent auditor for FY 2025 with 67.1 m for versus 1.1 m against.

While every proposal obtained the required majority, the reincorporation vote shows notable dissent (≈36 % of votes cast). No financial guidance or operating results were provided.

Positive

• Reincorporation to Texas approved, potentially offering a more favorable legal framework and operational cost efficiencies.
• Shareholders backed the updated 2023 Equity Incentive Plan, ensuring continued ability to attract and retain talent.
• Auditor ratified with 97% support, indicating confidence in financial reporting oversight.

Negative

• 36% opposition to reincorporation signals shareholder governance concerns.
• Sizeable dissent (≈15%) on equity plan may reflect dilution worries.

Insights

Corporate Governance Analyst

TL;DR: Routine AGM; all items passed, reincorporation to Texas approved with meaningful opposition, limited direct financial impact.

The filing records ordinary annual-meeting outcomes. The board slate was confirmed and key governance proposals cleared. Reincorporation may lower administrative costs and align the company with Texas corporate law, but 36 % opposition suggests some shareholder concern, potentially about perceived dilution of minority protections. Approval of the updated equity plan provides flexibility for equity-based compensation yet could introduce dilution if aggressively utilized. Auditor ratification maintains continuity. Overall, the event is governance-oriented and non-financial; market impact should be minimal.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 31, 2025

UNITED STATES ANTIMONY CORPORATION

(Exact name of registrant as specified in its charter)

Montana		001-08675		81-0305822
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

4438 W. Lovers Lane, Unit 100, Dallas, TX 75209

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (406) 606-4117

Former name or former address, if changed since last report: Not Applicable

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value	UAMY	NYSE American
Common Stock, $0.01 par value	UAMY	NYSE Texas

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.07 Submission of Matters to a Vote of Security Holders.

At the 2025 Annual Shareholders Meeting of United States Antimony Corporation (the “Company” and “USAC”) held on July 31, 2025 (“Annual Meeting”), each of the proposals submitted to a vote of the shareholders received the requisite votes for approval. Set forth below are the final voting results from the Company’s Annual Meeting for each of the proposals submitted to a vote of the shareholders:

1. To elect the following directors to serve a one-year term expiring in 2026.

		FOR				AGAINST				ABSTAIN				BROKER NON-VOTES
Gary C. Evans			29,066,715				-				3,434,881				35,888,464
Dr. Blaise Aguirre			19,802,926				-				12,698,670				35,888,464
Lloyd Joseph Bardswich			26,251,707				-				6,249,889				35,888,464
Joseph A. Carrabba			24,912,562				-				7,589,034				35,888,464
Michael A. McManus			24,822,367				-				7,679,229				35,888,464

2. To approve the reincorporation of the Company from the State of Montana to the State of Texas.

FOR		AGAINST		ABSTAIN		BROKER NON-VOTES
20,626,385		11,816,235		58,976		35,888,464

3. To approve the Company’s Amended and Restated 2023 Equity Incentive Plan.

FOR		AGAINST		ABSTAIN		BROKER NON-VOTES
25,710,026		4,561,139		2,230,431		35,888,464

4. To approve, on an advisory basis, the compensation of our named executive officers.

FOR		AGAINST		ABSTAIN		BROKER NON-VOTES
30,545,667		1,715,986		239,943		35,888,464

The next shareholder vote on this matter will be at the Company’s 2028 Annual Meeting.

5. To ratify the appointment of Assure CPA, LLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.

FOR		AGAINST		ABSTAIN		BROKER NON-VOTES
67,145,927		1,051,947		192,186		-

For more information about the foregoing proposals, see the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on June 12, 2025.

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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 hereunto duly authorized.

	UNITED STATES ANTIMONY CORPORATION
Dated: August 4, 2025	By:	/s/ Richard R. Isaak
		Richard R. Isaak
		SVP, Chief Financial Officer

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FAQ

What was the outcome of United States Antimony's reincorporation vote?

Shareholders approved reincorporation to Texas with 20.6 m for, 11.8 m against, 59 k abstain.

Did United States Antimony's shareholders approve the 2023 Equity Incentive Plan?

Yes. The plan passed with 25.7 m for versus 4.6 m against and 2.2 m abstentions.

How strong was support for UAMY's say-on-pay proposal?

Very strong; 30.5 m votes (94%) supported executive compensation, 1.7 m opposed.

Who will audit United States Antimony in fiscal 2025?

Assure CPA, LLC was ratified as auditor with 67.1 m for and only 1.1 m against votes.

Were there any financial results disclosed in this 8-K?

No. The filing covers Item 5.07 voting results only; no revenue, earnings or guidance figures were provided.