BluMetric Announces New Board Chair and Shareholder Approval of Amended Stock Option Plan
BluMetric Environmental (TSXV: BLM) (OTCQX: BLMWF) has announced key leadership changes and stock option plan amendments. Scott MacFabe, who has served as CEO since March 2018, has been appointed as Chair of the Board of Directors while maintaining his CEO position. He succeeds Ian Mor Macdonald, who will continue as Chair of the Audit Committee.
At the annual and special meeting on March 19, 2025, shareholders approved an amended stock option plan that increases the available options from 4,500,000 to 5,500,000, representing approximately 14.9% of the company's issued and outstanding share capital. The amended plan is pending TSX-V approval.
BluMetric Environmental (TSXV: BLM) (OTCQX: BLMWF) ha annunciato importanti cambiamenti nella leadership e modifiche al piano di opzioni azionarie. Scott MacFabe, che ricopre il ruolo di CEO da marzo 2018, è stato nominato Presidente del Consiglio di Amministrazione mantenendo la sua posizione di CEO. Succede a Ian Mor Macdonald, che continuerà come Presidente del Comitato di Revisione.
Durante l'assemblea annuale e straordinaria del 19 marzo 2025, gli azionisti hanno approvato un piano di opzioni azionarie modificato che aumenta le opzioni disponibili da 4.500.000 a 5.500.000, rappresentando circa il 14,9% del capitale sociale emesso e in circolazione della società. Il piano modificato è in attesa di approvazione da parte del TSX-V.
BluMetric Environmental (TSXV: BLM) (OTCQX: BLMWF) ha anunciado cambios clave en el liderazgo y en el plan de opciones sobre acciones. Scott MacFabe, quien ha sido CEO desde marzo de 2018, ha sido nombrado Presidente de la Junta Directiva, manteniendo su posición como CEO. Sucede a Ian Mor Macdonald, quien continuará como Presidente del Comité de Auditoría.
En la reunión anual y especial del 19 de marzo de 2025, los accionistas aprobaron un plan de opciones sobre acciones modificado que aumenta las opciones disponibles de 4.500.000 a 5.500.000, representando aproximadamente el 14,9% del capital social emitido y en circulación de la empresa. El plan modificado está pendiente de aprobación por parte del TSX-V.
블루메트릭 환경(BluMetric Environmental) (TSXV: BLM) (OTCQX: BLMWF)가 주요 리더십 변화와 주식 옵션 계획 수정 사항을 발표했습니다. 스콧 맥페이브(Scott MacFabe)는 2018년 3월부터 CEO로 재직해 왔으며, CEO 직위를 유지하면서 이사회 의장으로 임명되었습니다. 그는 감사위원회 의장으로 계속 활동할 이안 모어 맥도널드(Ian Mor Macdonald)를 대신합니다.
2025년 3월 19일에 열린 연례 및 특별 회의에서 주주들은 주식 옵션 계획 수정안을 승인했으며, 이는 사용 가능한 옵션 수를 4,500,000에서 5,500,000으로 증가시켜 회사의 발행 및 유통 주식 자본의 약 14.9%를 차지합니다. 수정된 계획은 TSX-V의 승인을 기다리고 있습니다.
BluMetric Environmental (TSXV: BLM) (OTCQX: BLMWF) a annoncé des changements clés dans la direction et des modifications de son plan d'options d'achat d'actions. Scott MacFabe, qui est PDG depuis mars 2018, a été nommé Président du Conseil d'Administration tout en conservant son poste de PDG. Il succède à Ian Mor Macdonald, qui continuera en tant que Président du Comité d'Audit.
Lors de l'assemblée annuelle et extraordinaire du 19 mars 2025, les actionnaires ont approuvé un plan d'options d'achat d'actions modifié qui augmente les options disponibles de 4.500.000 à 5.500.000, représentant environ 14,9% du capital social émis et en circulation de la société. Le plan modifié est en attente d'approbation par le TSX-V.
BluMetric Environmental (TSXV: BLM) (OTCQX: BLMWF) hat wichtige Änderungen in der Führung und Änderungen des Aktienoptionsplans angekündigt. Scott MacFabe, der seit März 2018 als CEO tätig ist, wurde zum Vorsitzenden des Vorstands ernannt und behält gleichzeitig seine Position als CEO. Er folgt auf Ian Mor Macdonald, der weiterhin Vorsitzender des Prüfungsausschusses sein wird.
Auf der jährlichen und außerordentlichen Hauptversammlung am 19. März 2025 genehmigten die Aktionäre einen geänderten Aktienoptionsplan, der die verfügbaren Optionen von 4.500.000 auf 5.500.000 erhöht, was ungefähr 14,9% des ausgegebenen und ausstehenden Aktienkapitals des Unternehmens entspricht. Der geänderte Plan steht noch zur Genehmigung durch die TSX-V aus.
- Leadership continuity with CEO Scott MacFabe taking additional role as Board Chair
- Expanded stock option plan increases potential for employee incentivization
- Potential shareholder dilution from increased stock option pool
- Concentration of power with CEO also serving as Board Chair may raise governance concerns
Ottawa, Ontario--(Newsfile Corp. - March 24, 2025) - BluMetric Environmental Inc. (TSXV: BLM) (OTCQX: BLMWF) ("BluMetric" or "the Company"), an engineering WaterTech and full-service environmental consulting firm, today announced that Scott MacFabe has been named Chair of the Board of Directors of the Company, while continuing his role as Chief Executive Officer (CEO). Mr. MacFabe succeeds Mr. Ian Mor Macdonald who continues to be Chair of the Audit Committee.
"I want to extend my heartfelt gratitude to Ian for his outstanding service as Chair of the Board. I am deeply honoured to accept this appointment, and I look forward to continuing to lead BluMetric in my dual role as Chair and CEO as we capitalize on growth opportunities," said Scott MacFabe.
Mr. MacFabe has served as CEO and a Director of BluMetric since March 2018. Additional details regarding his expertise and background can be found in the Company's management information circular dated February 3, 2025, a copy of which can be found under the Company's profile at www.sedarplus.ca.
The Company is also pleased to announce the shareholders approved an amended and restated stock option agreement at the annual and special meeting of shareholders on March 19, 2025. The amended and restated stock option increases the number of options available for grant under the plan from 4,500,000 to 5,500,000, representing approximately
About BluMetric Environmental Inc.
BluMetric Environmental Inc. is a publicly traded environmental consulting and engineering company with expertise across professional and trade disciplines and technologies that allow for the design, fabrication and delivery of sustainable solutions to environmental and water challenges. BluMetric has more than 220 employees operating in ten offices and over 45 years of expertise. Headquartered in Ottawa, Ontario, BluMetric's team of industry experts serves Commercial and Industrial, Military, Mining and Government clients.
For more information, visit www.blumetric.ca or please contact:
Scott MacFabe, CEO
BluMetric Environmental Inc.
Tel: 1-877-487-8436 x242
Email: smacfabe@blumetric.ca
Dan Hilton, CFO
BluMetric Environmental Inc.
Tel: 1-877-487-8436 x550
Email: dhilton@blumetric.ca
Brandon Chow, Principal & Founder
Panolia Investor Relations Inc.
Tel: 1-647-598-8815
Email: brandon@panoliair.com
Forward-Looking Statements
Some of the statements in this press release, including those related to obtaining approval of the TSX-V for the Company's amended and restated stock option agreement, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, are forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates, and projections regarding future events. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR+ at www.sedarplus.ca. The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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 this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245848
FAQ
What changes were made to BluMetric's (BLMWF) stock option plan in March 2025?
Who is the new Board Chair of BluMetric (BLMWF) as of March 2025?
What percentage of BluMetric's (BLMWF) shares are now available for stock options?
When did shareholders approve BluMetric's (BLMWF) new stock option plan?
