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GreenPower Announces Results of Annual General and Special Meeting and Appointment of Officers

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The shareholders of GreenPower Motor Company (NASDAQ: GP) convened on May 26, 2022, for their Annual General and Special Meeting (AGM). All proposed director nominees, including Fraser Atkinson as CEO, were elected. Shareholders also approved the Equity Incentive Plan and the appointment of Crow MacKay LLP as auditors for the upcoming fiscal year. This management continuity may positively impact strategic goals as GreenPower focuses on expanding its range of electric vehicles.

Positive
  • Elected management team may enhance strategic continuity.
  • Approval of Equity Incentive Plan could motivate performance.
Negative
  • Management changes could raise concerns about continuity.
  • New leadership may present experience gaps in operational execution.

VANCOUVER, BC, May 27, 2022 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (the "Company"), a leading manufacturer and distributor of zero-emission, electric-powered, medium and heavy-duty vehicles, announces the results of the Annual General and Special Meeting (AGM) that was held yesterday.

The shareholders elected all of management's director nominees being Mark Achtemichuk, Fraser Atkinson, Malcolm Clay, Cathy McLay, David Richardson and Brendan Riley.

The shareholders also approved the Company's Equity Incentive Plan and the appointment of Crow MacKay LLP, Chartered Professional Accountants as the Company's auditors for the ensuing fiscal year.

Following the AGM the Directors of the Company appointed the following officers of the Company for the ensuing year:  Fraser Atkinson – Chairman and Chief Executive Officer, Brendan Riley – President and Michael Sieffert – Chief Financial Officer and Corporate Secretary.

Contacts
Fraser Atkinson
CEO
(604) 220-8048

Megan Kathman
Skyya PR for GreenPower
(651) 785-3212
megan@skyya.com 

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van, and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com

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. © 2022 GreenPower Motor Company Inc. All rights reserved.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/greenpower-announces-results-of-annual-general-and-special-meeting-and-appointment-of-officers-301556964.html

SOURCE GreenPower Motor Company

FAQ

What were the results of GreenPower's AGM held on May 26, 2022?

During the AGM, all management's director nominees were elected, and the Equity Incentive Plan was approved.

Who was appointed as CEO of GreenPower after the AGM?

Fraser Atkinson was appointed as the CEO of GreenPower Motor Company.

What financial audit firm was selected by GreenPower at the AGM?

Crow MacKay LLP was appointed as the auditors for the upcoming fiscal year.

How might the new leadership at GreenPower impact the company?

The new leadership could bring fresh perspectives, though it might also cause concerns regarding continuity and experience gaps.

What is the significance of the Equity Incentive Plan approved by GreenPower?

The plan is designed to motivate and align the interests of management and shareholders, potentially enhancing company performance.

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