8-K: DynaResource Stockholders Elect New Directors and Ratify Auditor at 2025 Annual Meeting

DynaResource, Inc. announced the successful election of all proposed directors and the ratification of Davidson & Company LLP as its independent auditor for 2025 at its annual meeting held on June 23, 2025.

Summary

• DynaResource, Inc. held its annual meeting of stockholders on June 23, 2025.
• Common stockholders elected Oscar M. Cabrera, Dr. Quinton Hennigh, Brent Omland, Rohan Hazelton, Dale Petrini, and Maria Virginia Anzola as Class I Directors.
• Class I Director votes included: Oscar M. Cabrera (15,953,708 For, 27,944 Withheld, 1,065,050 Broker Non-Votes); Dr. Quinton Hennigh (15,730,132 For, 251,520 Withheld, 1,065,050 Broker Non-Votes); Brent Omland (15,953,908 For, 27,744 Withheld, 1,065,050 Broker Non-Votes); Rohan Hazelton (15,748,442 For, 234,210 Withheld, 1,065,050 Broker Non-Votes); Dale Petrini (15,943,708 For, 27,944 Withheld, 1,065,050 Broker Non-Votes); Maria Virginia Anzola (15,741,132 For, 240,520 Withheld, 1,065,050 Broker Non-Votes).
• Class C Preferred stockholders elected Phillip A. Rose as a Class II Director with 2,224,349 votes For.
• Stockholders ratified the appointment of Davidson & Company LLP as the Company's Independent Registered Public Accounting Firm for the year ending December 31, 2025, with 21,427,747 votes For and 9,601 Withheld.
• The Company issued a press release on June 24, 2025, announcing these results.

Sentiment

Score: 8

Explanation: The sentiment is positive due to the successful passage of all proposals, the welcoming of a highly experienced new director, and management's forward-looking statements about growth and value creation. There are no negative or concerning elements reported.

Positives

• All proposals presented at the Annual Meeting of Stockholders passed successfully, indicating strong shareholder support.
• The election of Oscar M. Cabrera to the Board of Directors brings over 25 years of experience as an equity analyst covering the metals and mining industry, including roles at Goldman Sachs and Merrill Lynch Canada, which is expected to aid the Company's growth.
• Mr. Cabrera's expertise in capital markets and fluency in Spanish and English are highlighted as valuable assets for the Company's next phase of growth, particularly given its operations in Mexico.

Future Outlook

Rohan Hazelton, President & CEO, expressed pleasure that all proposals passed and stated his anticipation of continuing to grow and build value for the Company.

Management Comments

• "We are pleased that all the proposals passed successfully at our Annual Meeting of Stockholders."
• "On behalf of DynaResource, Inc., our Board and the management team, I would like to personally thank all of our stockholders for taking the time to vote and I look forward to continuing to grow and build value for the Company."
• "I would like to take this opportunity to thank Mr. K.W. Diepholz for his contributions to the Company while serving on the Board of Directors for 25 years."
• "Not only a member of the Board, Mr. Diepholz has served in a variety of capacities with DynaResource, Inc. from 1994 to the present, as Chairman of the Board, President, CFO, and Treasurer."
• "Mr. Diepholz was not only an employee but a founding member of the Company as he was instrumental in the negotiations of the acquisition of San Jose de Gracia."
• "On behalf of the leadership team, I would like to wish him all the best in his future endeavors but also as a supportive major shareholder, I look forward to working with him in a different capacity."
• "I would also like to formally welcome Mr. Oscar Cabrera to the Board of Directors."
• "Mr. Cabreras experience in the mining sector with a history of industry involvement, familiarity with the capital markets and fluency in Spanish and English make him a great addition to our Board to help take us to the next phase of growth for the Company."

Industry Context

DynaResource is a junior gold mining producer operating in Mexico. The successful election of directors and ratification of auditors are standard corporate governance procedures for publicly traded companies in the mining sector, ensuring continuity and oversight. The addition of a director with extensive experience in metals and mining equity analysis and capital markets is a strategic move for a junior producer looking to grow and potentially access further capital.

Management Changes

Corporate Governance

Stakeholder Impact

• Shareholders: The successful passage of all proposals and the election of directors provide stability and continuity in corporate governance. The addition of an experienced director like Oscar M. Cabrera may be viewed positively for strategic direction and capital market engagement.
• Employees: No direct impact mentioned, but stable governance generally supports employee confidence.
• Management: The re-election of key management figures (e.g., Rohan Hazelton as a director) indicates continued support for the current leadership team.

Next Steps

• The newly elected directors will serve until the next annual meeting of stockholders.
• Davidson & Company LLP will serve as the independent registered public accounting firm for the year ending December 31, 2025.

Key Dates

Keywords

DynaResource, DYNR, Annual Meeting, Stockholders, Board of Directors, Director Election, Auditor Ratification, Corporate Governance, SEC Filing, 8-K, Mining, Gold Mining, San Jose de Gracia, Mexico