Route1 Announces 2021 Annual General and Special Meeting Results
Route1 Inc. (OTCQB: ROIUF) announced that all proposals submitted at its annual general meeting held on December 7, 2021, in Scottsdale, Arizona, received shareholder approval. Key decisions include:
- Re-election of all directors
- Re-appointment of Grant Thornton LLP as auditors
- Re-approval of the stock option plan
- Amendment of by-laws for advance notice of director nominations
- All proposals submitted to shareholders were approved.
- Re-election of experienced directors enhances governance.
- Re-appointment of Grant Thornton LLP ensures continuity in auditing.
- None.
Shareholders Approve All Matters
TORONTO, ON / ACCESSWIRE / December 7, 2021 / Route1 Inc. (OTCQB:ROIUF and TSXV:ROI) (the "Company" or "Route1"), an advanced North American provider of data-centric business empowerment solutions, today announced that it received approval for all proposals submitted to shareholders at the Company's annual general and special meeting of shareholders (the "Meeting"), which was held earlier today in Scottsdale, Arizona.
The matters voted on and approved are as follows:
- Tony P. Busseri, Peter F. Chodos, Michael F. Doolan, David A. Fraser, Michael D. Harris, John Marino and Edward M. Reeder Jr. were re-elected as the Company's Directors. Following the Meeting, the Board of Directors met and selected Mr. Harris to continue to serve as Chairman of the Board of Route1;
- Grant Thornton LLP were re-appointed as the Company's auditors in respect of the year ending December 31, 2021;
- Route1's stock option plan was re-approved; and
- An amendment to the by-laws of the Company to provide for the advance notice of director nominations was approved.
Route1 Inc. is an advanced North American technology company that empowers their clients with data-centric solutions necessary to drive greater profitability, improve operational efficiency and gain sustainable competitive advantages, while always emphasizing a strong cybersecurity and information assurance posture. Route1 delivers exceptional client outcomes through real-time secure delivery of actionable intelligence to decision makers, whether it be in a manufacturing plant, in-theater or in a university parking lot. Route1 is listed on the OTCQB in the United States under the symbol ROIUF and in Canada on the TSX Venture Exchange under the symbol ROI. For more information, visit: www.route1.com.
For More Information, Contact:
Tony Busseri
President and Chief Executive Officer
+1 480 500-7030
tony.busseri@route1.com
This news release, required by applicable Canadian laws, does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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.
© 2021 Route1 Inc. All rights reserved. No part of this document may be reproduced, transmitted or otherwise used in whole or in part or by any means without prior written consent of Route1 Inc. See https://www.route1.com/terms-of-use/ for notice of Route1's intellectual property.
This news release may contain statements that are not current or historical factual statements that may constitute forward-looking statements or future oriented financial information. These statements are based on certain factors and assumptions, including, expectations regarding the success of the private placement and the terms on which the Company will raise funds, price and liquidity of the common shares, expected financial performance, expected subscribers and subscription-based revenue, business prospects, technological developments, development activities, the ability of the Company to obtain the supersedeas bond in order to appeal the decision to the United States Court of Appeals for the Federal Circuit, and like matters. While Route1 considers these factors and assumptions to be reasonable, based on information currently available, they may prove to be incorrect. These statements involve risks and uncertainties, including but not limited to the risk factors described in reporting documents filed by the Company. Actual results could differ materially from those projected as a result of these and other risks and should not be relied upon as a prediction of future events. The Company undertakes no obligation to update any forward-looking statement or future oriented financial information to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, except as required by law. Estimates used in this presentation are from Company sources. Past or forecasted performance is not a guarantee of future performance and readers should not rely on historical results or forward-looking statements or future oriented financial information as an assurance of future results.
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SOURCE: Route1 Inc.
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https://www.accesswire.com/676366/Route1Announces-2021-Annual-General-and-Special-Meeting-Results
FAQ
What proposals were approved at Route1 Inc.'s annual meeting on December 7, 2021?
Who were re-elected as directors during Route1 Inc.'s annual meeting?
What is the stock symbol for Route1 Inc.?
Who will continue to serve as Chairman of the Board at Route1 Inc.?
What is the significance of the advance notice of director nominations amendment for Route1 Inc.?
