Firan Technology Group Corporation Announces Results of AGM
April 15, 2024 | Globe NewswireEstimated reading time: 1 minute
Firan Technology Group Corporation announced the results of its annual general meeting of shareholders (AGM), held in Toronto, Ontario on April 12, 2024. The Corporation reports that five of the director nominees listed in its management information circular dated February 22, 2024, were elected as directors of FTG.
As David F. Masotti did not receive a majority of the votes cast for his election, he was not elected as a director of the Corporation. However, as an incumbent director, in accordance with the Canada Business Corporations Act, Mr. Masotti is expected to continue in office until the earlier of (i) 90 days after today, and (ii) the day on which his successor is appointed.
“I would like to thank Dave for his commitment and dedication to FTG and for the insight he provided to the Board over his 20+ years as director of FTG,” said Bradley C. Bourne, President and CEO of FTG.
There were 37 shareholders represented in person or by proxy at the AGM holding 17,214,100 Common Shares representing 72.10% of the Corporation’s issued and outstanding Common Shares.
In addition, at the AGM, the shareholders re-appointed MNP LLP, Chartered Professional Accountants, as the Corporation’s auditor and authorized the directors to fix the auditor’s remuneration.
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