DIRTT announces the results of the annual and special meeting of
CALGARY, Alberta, April 26, 2022 (GLOBE NEWSWIRE) — DIRTT Environmental Solutions Ltd. (“DIRTT”) (NASDAQ: DRTT, TSX: DRT) today announced the results of the proposals submitted to shareholders at its annual and special meeting of shareholders held on April 26, 2022 (the “Meeting”).
Proposal n°1: Election of directors
The results of the vote of the elected directors are as follows:
|Michael T. Ford||14,459,214||20.94%||418 221||0.61%|
|Denise E. Karkkainen||14,222,506||20.59%||654 929||0.95%|
|Shauna R. King||14,267,658||20.66%||609 777||0.88%|
|Todd W. Lillibridge||14,227,430||20.60%||650,005||0.94%|
|James (Jim) A. Lynch||14,331,482||20.75%||545,953||0.79%|
|Diana R. Rhoten||14,311,473||20.72%||565 962||0.82%|
|Aron R. English||49,513,331||71.69%||4,665,002||6.75%|
|Douglas A. Edwards||49 310 490||71.40%||4,867,843||7.05%|
|Mary Garden||54 152 163||78.41%||26,170||0.04%|
|Scott L. Robinson||49,308,695||71.40%||4,869,695||7.05%|
|Scott C. Ryan||46,546,923||67.40%||7,631,810||11.05%|
|Ken Sander||54 163 263||78.43%||15,470||0.02%|
Proposal n°2: Appointment of Independent Chartered Accountant Firm
The results of the vote for PwC’s appointment as an independent registered public accounting firm for DIRTT are as follows:
|vote for||Voting Withheld|
Proposal n°3: Company name change approval
The results of the vote to approve an amendment to DIRTT’s articles of amalgamation to change its name from “DIRTT Environmental Solutions Ltd.” to “DIRTT Inc.” are the following:
Proposal n°4: Approval of the employee stock purchase plan
The results of the vote to approve the DIRTT 2022 Employee Stock Purchase Plan are as follows:
Proposal n°5: Approval of shareholder rights plan
The results of the vote to approve the DIRTT shareholder rights plan of December 7, 2021 are as follows:
Final voting results on all matters to be voted on at the Meeting will be filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov).
Following the Meeting, the following appointments were made and committees formed by the newly elected DIRTT Board of Directors (“Board”):
President of the council: Ken Sander
Chairman of the Audit Committee: Mary Garden
Members of the audit committee: Douglas Edwards, Scott Ryan, Scott Robinson
Chairman of the Corporate Governance and Compensation Committee: Aaron English
Members of the Corporate Governance and Compensation Committee: Ken Sanders, Mary Garden, Cory Mitchell
Chairman of the Enterprise Risk Management Committee: Scott Robinson
Members of the Enterprise Risk Management Committee: Ken Sanders, Scott Ryan, Douglas Edwards
Additionally, the Board of Directors is pleased to announce the appointments of Geoff Krause and Jeff Calkins as DIRTT’s interim co-CEOs. The position of Chief Executive Officer and Interim President has been terminated. The Board would like to thank Todd Lillibridge for his service to DIRTT.
Chairman of the Board, Ken Sanders, said, “We are grateful for the support of the owners of DIRTT and the trust they place in us. Over the past few months, we have heard from many shareholders, customers, partners and employees, and we intend to continue this commitment in the future. Now that the proxy fight is over, it’s time to focus our exclusive attention on DIRTT’s future success. The work ahead of us is complex, but our intentions are simple: to help unlock the potential we believe already exists at DIRTT and to promote its growth and financial performance as a public company. »
On DIRTT environmental solutions
DIRTT is a world leader in industrialized construction. Its system of physical products and digital tools enables organizations, as well as construction and design leaders, to create high-performing and adaptable interior environments. Operating in commercial, healthcare, education and public sector markets, DIRTT’s system offers complete design freedom and greater certainty in cost, schedule and outcome.
Based in the United States and Canada, DIRTT is listed on the Nasdaq under the symbol “DRTT” and on the Toronto Stock Exchange under the symbol “DRT”.