Business Context and Reporting Period
This Form 8-K reports on the results of the annual meeting of shareholders held by Idaho Strategic Resources, Inc. on June 17, 2024. The filing was submitted on June 18, 2024. The company is incorporated in Idaho and its common stock trades on the NYSE American LLC under the symbol IDR.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
As of the record date (May 2, 2024), there were 12,740,362 shares of common stock outstanding. At the meeting, 9,854,304 shares (77.35% of total outstanding) were present in person or by proxy. The following proposals were approved:
- Proposal 1 (Election of Directors): All five nominees were elected to serve until the 2025 Annual Meeting.
- John Swallow: 6,696,428 votes for.
- Grant Brackebusch: 6,696,030 votes for.
- Kevin Shiell: 6,573,410 votes for.
- Richard Beaven: 6,673,385 votes for.
- Carolyn Turner: 6,696,317 votes for.
- Proposal 2 (Advisory Vote on Executive Compensation): Approved with 6,622,322 votes for, 31,029 against, and 46,404 abstentions.
- Proposal 3 (Ratification of Auditors): Assure, CPA, LLC was ratified with 9,671,999 votes for, 4,580 against, and 177,724 abstentions.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on future operations, specific risks, contingencies, or unusual items. The document is limited to the disclosure of shareholder voting outcomes.
Key Facts for Investor Verification
- Verify the full text of the Definitive Proxy Statement (Schedule 14A) filed on May 20, 2024, for detailed descriptions of the proposals and director biographies.
- Confirm the re-election of the current board composition, noting that Kevin Shiell received a higher number of withheld votes (126,347) compared to other nominees.
- Review the upcoming 2025 Annual Meeting schedule for the next director election cycle.
- Check subsequent filings for the company's financial performance, as this 8-K contains no financial data.