Subject: SHM
Decisive Dividend Corporation Announces Voting Results for 2024 Annual General and Special Meeting of Shareholders
KELOWNA, BC, June 26, 2024 /CNW/ - Decisive Dividend Corporation (TSXV: DE) ("Decisive" or the "Corporation") announced today the voting results on the election of directors from its annual general and special meeting of shareholders held on June 25, 2024 (the "2024 AGM").
A total of 9,173,584 common shares representing 47.3% of the Corporation's issued and outstanding shares were represented in person or by proxy at the 2024 AGM. Shareholders approved all items of business before the 2024 AGM, including the election of directors as follows:
Nominee | # Votes For | % For |
James Paterson | 9,080,462 | 99.7 % |
Terry Edwards | 9,067,438 | 99.6 % |
Michael Conway | 9,071,771 | 99.6 % |
Timothy Pirie | 9,066,701 | 99.6 % |
Bruce Campbell | 9,096,676 | 99.9 % |
Warren Matheos | 9,065,521 | 99.6 % |
Robert Louie | 9,085,631 | 99.8 % |
Peter Jeffrey | 9,068,725 | 99.6 % |
Jeff Schellenberg | 9,078,938 | 99.7 % |
In terms of the other results of the 2024 AGM, shareholders approved:
(i) | the fixing of the number of directors of the Corporation at nine; |
(ii) | the re-appointment of the auditors of the Corporation for the ensuing year; |
(iii) | the approval of the third amended and restated equity incentive plan dated June 25, 2024, pursuant to which the Corporation may issue deferred share units, performance share units, restricted share units and stock options equal to, in aggregate, up to 10% of the issued and outstanding shares from time to time (less the number of compensation shares issuable under the employee share purchase plan); and |
(iv) | the sixth amended and restated employee share purchase plan dated June 25, 2024, which: (i) authorizes the Corporation to issue a maximum of 140,000 shares on the purchase date in 2024, (plus an aggregate maximum of 80,000 shares issuable as additional shares and phantom dividend shares) thereon; and (ii) continues to authorize the issuance of a maximum of 80,000 additional or phantom shares in respect of the shares issued on the purchase date in 2023. |
About Decisive Dividend Corporation
Decisive Dividend Corporation is an acquisition-oriented company, focused on opportunities in manufacturing. The Corporation's purpose is to be the sought-out choice for exiting legacy-minded business owners, while supporting the long-term success of the businesses acquired, and through that, creating sustainable and growing shareholder returns. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established, high quality manufacturing companies that have a sustainable competitive advantage, a focus on non-discretionary products, steady cash flows, growth potential and established, strong leadership.
For more information on Decisive, or to sign up for email notifications of Corporation press releases, please visit www.decisivedividend.com.
Cautionary Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this News Release.
SOURCE Decisive Dividend Corporation
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