Kelso Technologies Inc. Announces Annual General and Special Meeting Results

Rhea-AI Summary

Kelso Technologies Inc. (KIQ) reported the results of its Annual General and Special Meeting on June 3, 2021. A total of 16,340,726 common shares were voted, representing 30.11% of the outstanding shares. All proposed directors were elected, with varying percentages of votes in favor. The company reappointed Smythe, LLP as auditors and approved the 2021 Restricted Share Unit Plan and the 2020 Non-Employee Director Share Deferred Shared Unit Plan. Key officers appointed include James R. Bond as CEO and Richard Lee as CFO.

Positive

• 16,340,726 shares voted, representing 30.11% of outstanding shares.
• All proposed directors elected with significant support.
• Reappointment of Smythe, LLP as auditors approved.

Negative

• Peter Hughes received only 62.98% votes in favor, indicating potential shareholder dissatisfaction.

VANCOUVER, British Columbia and BONHAM, Texas., June 04, 2021 (GLOBE NEWSWIRE) -- Kelso Technologies Inc. (“Kelso” or the “Company”), (TSX: KLS), (NYSE American: KIQ) is pleased to announce the detailed voting results from the Annual General and Special Meeting held on June 3, 2021 (the “Meeting”).

A total of 16,340,726 common shares of the 54,27,086 common shares outstanding at the record date were voted at the Meeting, representing 30.11% of the issued and outstanding common shares of the Company at the record date.

Election of Directors

Each of the following nominees set forth in the Company’s management information circular dated May 4, 2021, was elected as a director of the Company to hold office until the next annual meeting of shareholders or until their successors are elected or appointed:

Nominees	% Votes For	% Votes Withheld
James R. Bond	79.27	20.73
Peter Hughes	62.98	37.02
Anthony Andrukaitis	81.66	18.34
Paul Cass	93.72	6.28
Laura Roach	80.79	19.21
Jesse V. Crews	83.10	16.90
Frank Busch	82.76	17.24

At the Meeting the shareholders also approved the reappointment of Smythe, LLP as the auditors of the Company, 15,083,594 For and 1,257,131 Withheld and approved the 2021 Restricted Share Unit Plan, 6,372,109 For and 2,581,781 Against and also approved the 2020 Non-Employee Director Share Deferred Shared Unit Plan 6,297,171 For and 2,656,719 Against.

After the Meeting the following officers were appointed:

James R. Bond – President and Chief Executive Officer
Richard Lee – Chief Financial Officer
Anthony Andrukaitis – Chief Operating Officer
Kathy Love – Corporate Secretary

About Kelso Technologies

Kelso is a diverse product development company that specializes in the design, production and distribution of proprietary service equipment used in transportation applications. The Company’s reputation has been earned as a designer and reliable supplier of unique high-quality rail tank car valve equipment that provides for the safe handling and containment of hazardous and non-hazardous commodities during transport. All Kelso products are specifically designed to provide economic and operational advantages to customers while reducing the potential effects of human error and environmental harm.

For a more complete business and financial profile of the Company, please view the Company's website at www.kelsotech.com and public documents posted under the Company’s profile on www.sedar.com in Canada and on EDGAR at www.sec.gov in the United States.

On behalf of the Board of Directors,

James R. Bond, CEO and President

For further information, please contact:

James R. Bond, CEO and President Email: bond@kelsotech.com

Richard Lee, Chief Financial Officer Email: lee@kelsotech.com

Corporate Address: 13966 - 18B Avenue South Surrey, BC V4A 8J1 www.kelsotech.com

 

FAQ

What were the voting results for Kelso Technologies Inc. at the Annual General Meeting on June 3, 2021?

A total of 16,340,726 shares were voted, representing 30.11% of outstanding shares.

Who were elected as directors of Kelso Technologies Inc. during the Meeting?

James R. Bond, Peter Hughes, Anthony Andrukaitis, Paul Cass, Laura Roach, Jesse V. Crews, and Frank Busch were elected as directors.

What percentage of votes did Peter Hughes receive in the Kelso Technologies Inc. Meeting?

Peter Hughes received 62.98% votes in favor.

What plans were approved at the Kelso Technologies Inc. Annual General Meeting?

The 2021 Restricted Share Unit Plan and the 2020 Non-Employee Director Share Deferred Shared Unit Plan were approved.

Who was appointed as key officers for Kelso Technologies Inc. after the Meeting?

James R. Bond as CEO, Richard Lee as CFO, Anthony Andrukaitis as COO, and Kathy Love as Corporate Secretary.