Global Power Solutions holders approve AGM resolutions

Executive Summary

• Shareholders approved the appointment of three new directors: Meryvn Pinto, Haneef Esmail, and Jarryd Pinto.
• Davidson & Company LLP was reappointed as the company’s auditor for the upcoming year with remuneration to be set by the board.
• The board fixed the number of directors at three and approved a new omnibus equity incentive plan allowing issuance of up to 10% of outstanding common shares (maximum 2,431,697 shares).

Key Details

• Director Appointments:
• Meryvn Pinto – 728,681 votes (100.00%)
• Haneef Esmail – 728,681 votes (99.59%); 3,000 votes withheld (0.41%)

• Jarryd Pinto – 728,681 votes (100.00%)

• Auditor Reappointment:

• Davidson & Company LLP reappointed as auditor for the ensuing year; directors authorized to fix remuneration.

• Board Composition:

• Number of directors fixed at three persons.

• Omnibus Equity Incentive Plan:

• Rolling up to and fixed at a maximum of 10% of issued and outstanding common shares.
• Allows issuance of up to 2,431,697 common shares via stock options, performance share units, deferred share units, restricted share units, and other share‑based awards.
• Plan subject to final acceptance by the TSX Venture Exchange.