Covalon Announces Voting Results from Fiscal 2021 Annual and Special Meeting of Shareholders
Covalon Technologies Ltd. held its Fiscal 2021 Annual and Special Meeting of Shareholders on March 9, 2022, where all proposed items were approved by shareholders. A total of 11,323,626 shares, representing 43.672%, were voted. Key outcomes included the election of directors with high approval rates, the appointment of PricewaterhouseCoopers as auditors, and the approval of the amended stock option plan. The details will be filed on SEDAR for further review, supporting transparency and shareholder engagement.
- All shareholder proposals were approved with significant support.
- High approval percentages for the election of the Board of Directors, averaging over 97%.
- None.
MISSISSAUGA, ON, March 10, 2022 /PRNewswire/ - Covalon Technologies Ltd. (the "Company" or "Covalon") (TSXV: COV) (OTCQX: CVALF), an advanced medical technologies company, announced today the results of the matters voted upon at its Fiscal 2021 Annual and Special Meeting of Shareholders ("AGM") held March 9th, 2022.
Shareholders voted in favour of all items of business and each item of business was approved by the requisite number of votes. The matters included the election of the Board of Directors, the appointment of auditors, and the approval of the Company's amended and restated stock option plan. The total number of shares represented, either in person or by proxy, totaled 11,323,626 or
1) The Election of the Board of Directors
Name of Nominee | Votes FOR | % | Votes WITHHELD | % |
Amir Boloor | 11,115,121 | 99.383 | 69,030 | 0.617 |
Joseph Cordiano | 10,956,731 | 97.967 | 227,420 | 2.033 |
Samantha Nutt | 11,029,201 | 98.615 | 154,950 | 1.385 |
Brian Pedlar | 11,143,601 | 99.637 | 40,550 | 0.363 |
Abe Schwartz | 10,984,911 | 98.219 | 199,240 | 1.781 |
Ron Smith | 11,116,121 | 99.392 | 68,030 | 0.608 |
2) The Appointment of the Auditor
Votes FOR | % | Votes WITHHELD | % | |
PricewaterhouseCoopers, LLP | 11,190,097 | 98.821 | 133,529 | 1.179 |
3) The Approval of the Company's 2019 Amended and Restated Stock Option Plan
Votes FOR | % | Votes WITHHELD | % | |
Amended and Restated Stock Option Plan | 10,811,961 | 96.672 | 372,190 | 3.328 |
Final voting results of all matters voted on at the meeting will be filed on SEDAR at www.sedar.com and further details of the voted matters can be found in the Company's management information circular dated February 4th, 2022.
About Covalon
Covalon Technologies Ltd. is a researcher, developer, manufacturer, and marketer of patent-protected medical products that improve patient outcomes and save lives in the areas of advanced wound care, infection management and surgical procedures. Covalon leverages its patented medical technology platforms and expertise in two ways: (i) by developing products that are sold under Covalon's name; and (ii) by developing and commercializing medical products for other medical companies under development and license contracts. The Company is listed on the TSX Venture Exchange, having the symbol COV and trades on the OTCQX Market under the symbol CVALF. To learn more about Covalon, visit our website at www.covalon.com.
Neither 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.
This news release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan, "estimate", "expect", "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. These forward-looking statements involve risk and uncertainties, including the difficulty in predicting product approvals, acceptance of and demands for new products, the impact of the products and pricing strategies of competitors, delays in developing and launching new products, the regulatory environment, fluctuations in operating results, the impact and timing of COVID-19 on operating activities and market conditions, and other risks, any of which could cause results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. Many risks are inherent in the industry; others are more specific to the Company. Investors should consult the Company's ongoing quarterly filings for additional information on risks and uncertainties relating to these forward-looking statements. Investors should not place undue reliance on any forward-looking statements. The Company assumes no obligation to update or alter any forward-looking statements whether as a result of new information, further events or otherwise.
Website: www.covalon.com
Twitter: @covalon
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SOURCE Covalon Technologies Ltd.
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