Converge Technology Solutions Corp. Reports Annual General and Special Meeting of Shareholders Voting Results

Rhea-AI Summary

Converge Technology Solutions Corp. (TSX: CTS, FSE: 0ZB, OTCQX: CTSDF) announced the results of its annual general and special meeting of shareholders held on June 19, 2024. The 10 nominees elected as directors include Shaun Maine, Thomas Volk, Brian Phillips, Nathan Chan, Ralph Garcea, Darlene Kelly, Toni Rinow, Wendy Bahr, Gayle Morris, and Mary Hassett. Ernst & Young LLP was appointed as the company’s auditor until the next annual meeting. Shareholders also approved the Amended and Restated Employee Share Purchase Plan and the renewal of the Long Term Incentive Plan.

Positive

• All 10 director nominees were elected with a high majority, ensuring the company's leadership stability.
• Ernst & Young LLP was appointed as auditors with 99% support, indicating strong trust in their financial oversight.
• The Amended and Restated Employee Share Purchase Plan was approved by 77.68% of shareholders, supporting employee ownership.
• The renewal of the Long Term Incentive Plan was passed with 82.22% approval, securing long-term strategic incentives.

Negative

• None.

TORONTO and GATINEAU, QC, June 19, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce the voting results of its annual general and special meeting of shareholders held on Wednesday, June 19^th 2024. The results of the each vote at the Company's virtual annual general and special meeting of shareholders held earlier today are set forth below.

i.                    Election of Directors

The following 10 nominees were elected as directors of Converge's board of directors to hold office until the next annual meeting of shareholders of Converge, or until their successors are earlier elected or appointed. The following voting results represent the total of the votes cast by proxy and electronic ballot:

Nominee	# Votes For		% Votes For		# Votes Against		% Votes Against
Shaun Maine	110,424,553		99.68 %		357,138		0.32 %
Thomas Volk	89,983,182		81.23 %		20,798,509		18.77 %
Brian Phillips	108,797,714		98.21 %		1,983,976		1.79 %
Nathan Chan	90,795,669		81.96 %		19,986,021		18.04 %
Ralph Garcea	84,132,188		75.94 %		26,649,502		24.06 %
Darlene Kelly	91,903,390		82.96 %		18,878,301		17.04 %
Toni Rinow	108,775,489		98.19 %		2,006,201		1.81 %
Wendy Bahr	110,232,449		99.50 %		549,242		0.50 %
Gayle Morris	110,451,034		99.70 %		330,657		0.30 %
Mary Hassett	110,451,537		99.70 %		330,154		0.30 %

ii.                  Appointment and Remuneration of Auditor

Ernst & Young LLP, Chartered Professional Accountants, were appointed as auditors of Converge until the close of the next annual meeting of shareholders of Converge. The following voting results represent the total of the votes cast by proxy and by electronic ballot:

# Votes For	% Votes For	# Votes Withheld	% Votes Withheld
112,518,465	99.00 %	1,134,185	1.00 %

iii.                Amended and Restated Employee Share Purchase Plan

The resolution approving Converge's Amended and Restated Employee Share Purchase Plan (the full text of which is set out in Appendix A of Converge's Management Information Circulated dated April 30, 2024 (the "Circular")) was approved by a majority of the shareholders. The following voting results represent the total of the votes cast by proxy and electronic ballot:

# Votes For	% Votes For		# Votes Against		% Votes Against
86,059,284	77.68 %		24,722,406		22.32 %

iv.                 Renewal, Amendment and Restatement of The Long Term Incentive Plan

The resolution approving the renewal and amendment and restatement of Converge's Long Term Incentive Plan (the full text of which is set out in Appendix C of the Circular) was approved by a majority of the shareholders. The following voting results represent the total of the votes cast by proxy and electronic ballot:

# Votes For	% Votes For	# Votes Against	% Votes Against
91,090,006	82.22 %	19,691,684	17.78 %

About Converge

Converge Technology Solutions Corp. is a services-led, software-enabled, IT & Cloud Solutions provider focused on delivering industry-leading solutions. Converge's global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The Company supports these solutions with advisory, implementation, and managed services expertise across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors. For more information, visit convergetp.com.

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SOURCE Converge Technology Solutions Corp.

FAQ

What were the results of the Converge Technology Solutions Corp. (CTSDF) annual general meeting held on June 19, 2024?

All 10 director nominees were elected, Ernst & Young LLP was appointed as auditors, and both the Amended and Restated Employee Share Purchase Plan and the Long Term Incentive Plan were approved.

Who were elected as directors at the Converge Technology Solutions Corp. (CTSDF) annual meeting on June 19, 2024?

The elected directors are Shaun Maine, Thomas Volk, Brian Phillips, Nathan Chan, Ralph Garcea, Darlene Kelly, Toni Rinow, Wendy Bahr, Gayle Morris, and Mary Hassett.

Was the Amended and Restated Employee Share Purchase Plan approved at the Converge Technology Solutions Corp. (CTSDF) annual meeting on June 19, 2024?

Yes, the plan was approved with 77.68% of the votes in favor.

Which auditing firm was appointed by Converge Technology Solutions Corp. (CTSDF) at the annual meeting on June 19, 2024?

Ernst & Young LLP was appointed as the auditors with 99% of votes in favor.

Was the Long Term Incentive Plan renewal approved at the Converge Technology Solutions Corp. (CTSDF) annual meeting on June 19, 2024?

Yes, the renewal was approved with 82.22% of the votes in favor.