Thunderbird Entertainment Group Announces AGM 2021 Results

Rhea-AI Summary

Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) announced that shareholders approved all matters at its Annual General Meeting on December 6, 2021. Key voting results include the election of directors, reappointment of PricewaterhouseCoopers as auditors, and approval of the 2021 Equity Incentive Compensation Plan. Notable board transitions saw Brian Paes-Braga and Paul Sparkes step down, with Marni Wieshofer appointed as Interim Chair. The company emphasizes its dedication to high-quality, socially responsible content across various media platforms.

Positive

• 99.04% of votes for Frank Giustra's election as director.
• 99.70% approval for the reappointment of PricewaterhouseCoopers as auditor.
• Approval of the incentive stock option plan with 99.65% votes in favor.
• Approval of the 2021 Equity Incentive Compensation Plan with 99.65% votes in favor.

Negative

• Brian Paes-Braga and Paul Sparkes did not stand for re-election, indicating potential leadership instability.

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) (Thunderbird or the Company), today announced that shareholders approved all matters considered at the Company’s Annual General Meeting (“AGM”) held December 6, 2021. Details of the voting results are provided in this release.

Voting Results

Full details of the following matters that were voted on at the AGM of Company shareholders, held on December 6, 2021, are set out in the Company’s management information circular dated November 2, 2021 (the “Information Circular”), which is available on SEDAR at www.sedar.com.

1. Election of Directors

The following persons were elected to serve as directors of the Company, with the outcome of votes being as follows:

Nominee	% of Votes For	% of Votes Withheld
Frank Giustra	99.04	.96
Marni Wieshofer	97.72	2.28
Azim Jamal	100	0
Jennifer McCarron	100	0
Linda Michaelson	99.80	.20

2. Appointment of Auditors

PricewaterhouseCoopers LLP was re-appointed as the auditor of the Company for the ensuing year and the Directors were authorized to fix their remuneration.

% of Votes For	% of Votes Withheld
99.70	.30

3. Annual Re-Approval of Stock Option Plan

The Company’s incentive stock option plan was approved.

% of Votes For	% of Votes Against
99.65	.35

4. Approval of 2021 Equity Incentive Compensation Plan

The Company’s 2021 Equity Incentive Compensation plan was approved.

% of Votes For	% of Votes Against
99.65	.35

Board Transitions

Brian Paes-Braga, who has served as Chairman of Thunderbird’s Board of Directors since 2019, and Paul Sparkes, who has served on the Board since December 20, 2012, did not stand for re-election. Lead Director Marni Wieshofer has been appointed as Thunderbird’s Interim Chair. Ms. Wieshofer will hold the position while the Company commences a search for a new Chair. The Company would like to thank Mr. Paes-Braga and Mr. Sparkes for their many contributions as board members.

“It has been a tremendous privilege to be Chairman of Thunderbird during the pivotal early days as a public company. I was, and continue to be, inspired by Jenn’s vision for the Company, and her commitment to excellence which can be witnessed at every level of the organization,” said Paes-Braga. “With a solid foundation for growth set in place, and the industry experiencing incredible tail winds, I am stepping away to focus on other projects, both professionally and personally. While I will miss the immensely talented team, I look forward to following Thunderbird on its journey in becoming a major global studio and am excited to continue to support in any way I can.”

For information on Thunderbird and to subscribe to the Company’s investor list for news updates, go to www.thunderbird.tv.

About Thunderbird Entertainment Group

Thunderbird Entertainment Group is a global award-winning, full-service multiplatform production, distribution and rights management company, headquartered in Vancouver, with additional offices in Los Angeles, Toronto, and Ottawa. Thunderbird creates award-winning scripted, unscripted, and animated programming for the world’s leading digital platforms, as well as Canadian and international broadcasters. Thunderbird’s vision is to produce high quality, socially responsible content that makes the world a better place. The Company develops, produces, and distributes animated, factual, and scripted content through its various divisions, including Thunderbird Kids and Family (Atomic Cartoons), and Thunderbird Factual and Scripted (Great Pacific Media). The Company also has a division dedicated to global distribution and consumer products. Thunderbird is on Facebook, Twitter, and Instagram at @tbirdent. For more information, visit: www.thunderbird.tv.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility of the adequacy or accuracy of this release, which has been prepared by management.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company’s objectives, goals or future plans and the business and operations of the Company. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; those additional risks set out in the Company’s Filing Statement and other public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211206005852/en/

Investor Relations:

Glen Akselrod, Bristol Capital

Phone: + 1 905.326.1888 ext 1

Email: glen@bristolir.com

Media Relations:

Julia Smith, Finch Media

Phone: +1 604.803.0897

Email: julia@finchmedia.net

Source: Thunderbird Entertainment Group Inc.

FAQ

What were the voting results for Thunderbird Entertainment Group's AGM on December 6, 2021?

Thunderbird Entertainment Group's AGM on December 6, 2021, resulted in 99.04% approval for Frank Giustra's election as director and 99.70% reappointment of PricewaterhouseCoopers as auditors.

Who were elected as directors at Thunderbird's AGM in December 2021?

Directors elected at Thunderbird's AGM included Frank Giustra, Marni Wieshofer, Azim Jamal, Jennifer McCarron, and Linda Michaelson with significant majority votes.

What is Thunderbird Entertainment's stock symbol?

Thunderbird Entertainment Group's stock symbol is THBRF on OTCQX.

What significant changes occurred in Thunderbird's board during the AGM?

Brian Paes-Braga and Paul Sparkes did not seek re-election, with Marni Wieshofer appointed as Interim Chair.

What plans were approved at Thunderbird's AGM regarding stock options?

The company's incentive stock option plan and the 2021 Equity Incentive Compensation plan were both approved with over 99% votes in favor.