Core Points - The omnibus equity incentive plan and various stock options were not approved by shareholders, with significant opposition reflected in the voting results [1] - The number of directors to be elected was set at six, receiving strong support from shareholders [2] - A total of 26,741,861 common shares were voted, representing 49.12% of the outstanding shares [4] - James R. Bond, the President and CEO, received less than majority support and has tendered his resignation as a director [11] - The reappointment of Smythe, LLP as auditors was approved with a high level of support [5] Voting Results - The omnibus equity incentive plan received 24.54% For and 75.46% Against [1] - The unallocated stock options plan received 25.07% For and 74.93% Against [1] - The unallocated restricted share units plan received 25.07% For and 74.93% Against [1] - The unallocated deferred share units plan received 25.03% For and 74.97% Against [1] - The election of directors showed James R. Bond with 31.92% For and 68.08% Withheld, while other nominees received higher support [18] Company Overview - Kelso Technologies Inc. specializes in the design, engineering, production, and distribution of proprietary service equipment for transportation applications, particularly in rail tank car valve equipment [14]
Kelso Technologies Inc. Announces 2024 Annual General and Special Meeting Results