RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:US Board Liisting The answer to your question, How does Excellon's CEO still have a job is simple, 99% of those votes exercised voted for his reelection last year per Excellon's NR below. The problem is that only a little over 3 million out of 34 million possible votes were exercised. So he actually received less then 10% of the possible votes, which was far from a vote of confidence, and was still reelected Excellon's CEO. This IMO is suspicious in of itself. As I stated previously, based on info available on the internet, of Excellon's 34 million shares outstanding, equaling 34 million votes based on a one to one ratio, about 22 million of them belong to retail shareholders who are possibly asking the same question as you. If all this is correct, only about 15% of them have to vote against Excellon's CEO and he is gone, everything else being equal.
Toronto, Ontario – May 14, 2021 – Excellon Resources Inc. (TSX:EXN, EXN.WT; NYSE:EXN, and FRA:E4X2) ("Excellon" or the “Company") is pleased to report that shareholders voted in favour of all items of business, including the election of directors at the 2021 Annual General Meeting held on May 13, 2021 (the “AGM”). Detailed results from the election of directors are set out below:
Director | Votes For | % For | Votes Withheld | % Withheld |
Brendan Cahill | 3,075,152 | 99.25% | 23,295 | 0.75% |
Andr Fortier | 3,066,057 | 98.96% | 32,390 | 1.05% |
Laurence Curtis | 3,066,611 | 98.97% | 31,836 | 1.03% |
Anna Ladd-Kruger | 3,075,140 | 99.25% | 23,307 | 0.75% |
Craig Lindsay | 2,956,441 | 95.42% | 142,006 | 4.58% |
Roger Norwich | 3,075,495 | 99.26% | 22,952 | 0.74% |
Michael Timmins | 3,067,458 | 99.00% | 30,989 | 1.00% |
Voting Rights of Common Stock Ownership
"Common stock ownership always carries voting rights, but the nature of the rights and the specific issues shareholders are entitled to vote on can vary considerably from one company to another. Some companies grant stockholders one vote per share, thus giving those shareholders with a greater investment in the company a greater say in corporate decision-making. Alternatively, each shareholder may have one vote, regardless of how many shares of company stock they own. Shareholders can exercise their voting rights in person at the corporation's annual general meeting or other special meeting convened for voting purposes, or by proxy. Proxy forms are sent to shareholders, along with their invitations, to attend the shareholders' meeting. These forms list and describe all the issues on which shareholders have the right to vote. A shareholder may elect to fill out the form and mail in their votes on the issues rather than voting in person."