D-BOX Annual Meeting Reveals Strong Shareholder Support
D-BOX Annual Meeting Results
D-BOX Technologies Inc. (TSX: DBO) conducted its annual and special meeting of shareholders recently, revealing significant participation from its investors. During this meeting, held to discuss vital corporate matters, a staggering 108,847,440 Class A common shares were represented, amounting to nearly 49.43% of all issued and outstanding shares.
Director Elections
The shareholders voted overwhelmingly in favor of all nominees proposed for the Board of Directors, as per the proxy circular released prior to the meeting. This strong approval illustrates not only the trust the shareholders have in their leadership but also their faith in the direction the company is heading.
Election Breakdown
Here are the election outcomes for the nominees:
- Sébastien Mailhot: 95.80% votes in favor.
- Marie-Claude Boisvert: 96.62% votes in favor.
- Brigitte Bourque: 95.53% votes in favor.
- Zrinka Dekic: 98.33% votes in favor.
- Daniel Marks: 93.59% votes in favor.
- Dave McLurg: 97.66% votes in favor.
- Naveen Prasad: 99.57% votes in favor.
Appointment of Auditors
The meeting also addressed the appointment of Ernst & Young LLP as independent auditors for D-BOX, reaffirming their role until the next annual shareholders meeting or until another firm is appointed. The shareholders authorized the board of directors to determine the auditors' remuneration, which confirms the board's trust in the firm’s financial oversight capabilities.
Auditor Voting Results
The votes displayed a compelling endorsement:
- Votes For: 99.64% in favor of the appointment.
- Votes Withheld: 0.36% against.
Stock Option Plan Approval
An important aspect of the meeting was the ratification of unallocated options under the 2015 Stock Option Plan. Shareholders gave their consent, allowing D-BOX to continue granting stock options under this plan until September 25, 2027. This vote signifies confidence in the strategic use of stock options to motivate and retain key talent.
Options Plan Voting Results
The shareholder approval was robust:
- Votes For: 96.38% in favor.
- Votes Against: 3.62% against the plan.
About D-BOX Technologies Inc.
Based in Montreal with additional offices in Los Angeles and Beijing, D-BOX is at the forefront of creating immersive entertainment experiences. They focus on enhancing various forms of media, including film, gaming, and virtual reality, through innovative motion, vibration, and texture technologies. With such initiatives, D-BOX aims to redefine how audiences interact with content, making moments resonate more than ever.
Contact Information
For further inquiries, please reach out to:
Joshua Chandler
Chief Financial Officer
D-BOX Technologies Inc.
514-928-8043
jchandler@d-box.com
Frequently Asked Questions
What was the purpose of the D-BOX annual meeting?
The annual meeting aimed to discuss important business matters, including the election of board members and appointment of auditors.
Who were the nominated directors approved by D-BOX shareholders?
Shareholders approved multiple nominees for the Board of Directors, including Sébastien Mailhot and Marie-Claude Boisvert, reflecting strong support.
What is the role of Ernst & Young LLP for D-BOX?
Ernst & Young LLP has been appointed as independent auditors for D-BOX, ensuring reliable financial oversight until the next annual meeting.
What is the significance of D-BOX's stock option plan?
The stock option plan incentivizes employees by allowing them to purchase shares, helping to align their interests with those of shareholders.
Where is D-BOX headquartered?
D-BOX is based in Montreal, Canada, with additional offices in Los Angeles and Beijing, which helps facilitate its global reach and partnerships.
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