ZTEST Announces Results of Annual Meeting

Rhea-AI Summary

ZTEST Electronics announced results from its annual shareholder meeting on July 11, 2024. Key elections included Steve Smith, Dean Tyliakos, Derrick Strickland, and William R. Johnstone to the Board of Directors, while K. Michael Guerrerio resigned. Kreston GTA LLP was appointed as auditors, and a new 10% rolling Stock Option Plan was approved. ZTEST operates through its subsidiary, Permatech Electronics, providing EMS services from a 21,000 sq. ft. facility in North York, Ontario. They specialize in PCB assembly and materials management, serving various high-tech industries.

For more info, contact CEO Steve Smith at steves@ztest.com.

Positive

• Election of experienced directors to the Board.
• Approval of a new 10% rolling Stock Option Plan, potentially incentivizing employees.
• Appointment of Kreston GTA LLP as auditors, ensuring financial oversight.

Negative

• Resignation of K. Michael Guerrerio from the Board.

NORTH YORK, ON / ACCESSWIRE / July 12, 2024 / ZTEST Electronics Inc. ("ZTEST" or the "Company") (CSE:ZTE) announces that Steve Smith, Dean Tyliakos, Derrick Strickland and William R. Johnstone were elected to the Board of Directors at the annual meeting of shareholders held on Thursday, July 11, 2024. K. Michael Guerrerio has resigned from the Board to pursue other interests. The Board of Directors and management thank Mr. Guerreiro for his valuable assistance, while serving on the Board, and wish him all the best in the future.

Other matters voted upon at this meeting resulted in Kreston GTA LLP, Chartered Professional Accountants being appointed as auditors of the Company for the ensuing year, and the approval of a new 10% rolling Stock Option Plan.

About ZTEST Electronics Inc.

ZTEST Electronics Inc., through its wholly owned subsidiary Permatech Electronics Corp. ("Permatech"), offers Electronic Manufacturing Services (EMS) to a wide range of customers. Permatech's offering includes Printed Circuit Board (PCB) Assembly, Materials management and Testing services. Permatech operates from a 21,000 square foot, ISO 9001:2015 certified facility in North York, Ontario, Canada. Permatech is a contract manufacturer of complex circuit boards, serving customers in the Medical, Power, Computer, Telecommunications, Wireless, Industrial, Trucking, Wearables and Consumer Electronics markets. It specializes in servicing customers who are looking for high yield and require high quality and rapid-turnaround on low and mid-volume production of high complexity products.

For more information contact: Steve Smith, CEO (604) 837-3751 email: steves@ztest.com

The CSE has neither approved nor disapproved the contents of this press release. The CSE does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: ZTEST Electronics Inc.

View the original press release on accesswire.com

FAQ

What were the results of ZTEST's annual meeting held on July 11, 2024?

The key results included the election of Steve Smith, Dean Tyliakos, Derrick Strickland, and William R. Johnstone to the Board of Directors, the appointment of Kreston GTA LLP as auditors, and the approval of a new 10% rolling Stock Option Plan.

Which directors were elected to ZTEST's Board on July 11, 2024?

Steve Smith, Dean Tyliakos, Derrick Strickland, and William R. Johnstone were elected to the Board of Directors.

Who resigned from ZTEST's Board of Directors in July 2024?

K. Michael Guerrerio resigned from ZTEST's Board of Directors.

Who is the appointed auditor for ZTEST in 2024?

Kreston GTA LLP has been appointed as the auditor for ZTEST in 2024.

What new plan was approved at ZTEST's annual meeting?

A new 10% rolling Stock Option Plan was approved.

What services does ZTEST's subsidiary Permatech Electronics provide?

Permatech Electronics offers Electronic Manufacturing Services, including PCB assembly, materials management, and testing services.