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:

Candidate vote for
Votes withheld
Number Percent Number Percent
Charlie Chiappone 14,405,389 20.86% 472,046 0.68%
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%
Cory J.Mitchell 46,347,979 67.11% 7,830,354 11.34%
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
Number Percent Number Percent
62,192,970 97.70% 1,461,192 2.30%

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:

vote for
Votes against
Abstention
Number Percent Number Percent Number Percent
21,008,442 30.31% 47,977,901 69.36% 181 261 0.26%

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:

vote for
Votes against
Abstention
Number Percent Number Percent Number Percent
46,187,807 72.56% 2,917,848 4.58% 14,551,302 22.86%

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:

vote for
Votes against
Abstention
Number Percent Number Percent Number Percent
18,899,265 27.32% 49,764,481 71.95% 505 579 0.73%

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).

Appointment

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”.


        

Comments are closed.