Highlights of High Arctic Overseas Shareholder Meeting Results
High Arctic Overseas Shareholder Meeting Overview
High Arctic Overseas Holdings Corp. (TSXV: HOH) recently conducted its annual general and special meeting, engaging shareholders in a process that underscores the corporation's commitment to transparency and governance. A total of 31 shareholders, representing over 57% of all issued common shares, actively participated in discussions and voting at the meeting.
Election of Directors
During the meeting, shareholders voted to approve the election of directors, ensuring effective leadership for High Arctic Overseas. The decision to fix the number of directors at three allowed for a focused and efficient decision-making process. Each nominee presented in the company's management information circular was put forth for consideration. The results of the election demonstrated significant support for each candidate:
Election Results
The following summarizes the vote results for the elected directors:
- Michael R. Binnion: 99.46% votes for (6,851,159), 0.54% votes withheld (37,276)
- Michael J. (Mike) Maguire: 99.44% votes for (6,849,662), 0.56% votes withheld (38,773)
- Bruce Apana: 99.47% votes for (6,852,234), 0.53% votes withheld (36,201)
Auditor Appointment and Equity Incentive Plan
In addition to the election of directors, shareholders approved the appointment of KPMG LLP as the corporation's auditors. This decision reinforces High Arctic Overseas' commitment to maintaining high standards of financial oversight. Additionally, the reaffirmation of the omnibus equity incentive plan demonstrates the corporation’s intention to align the interests of shareholders and management, fostering growth and innovation.
About High Arctic Overseas Holdings Corp.
High Arctic Overseas is positioned as a leader in the provision of drilling and specialized well completion services, particularly in regions such as Papua New Guinea. The company offers comprehensive manpower solutions and supplies a variety of rental equipment. This includes essential items like rig matting, camps, and material handling equipment—all crucial for successful drilling operations.
Company Contact Information
For more information regarding High Arctic Overseas, interested parties can reach out directly:
Matt Cocks
Chief Financial Officer
1.587.320.1301
High Arctic Overseas Holdings Corp.
Suite 2350, 330–5th Avenue SW
Calgary, Alberta, Canada T2P 0L4
Website: www.higharctic.com
Email: info@higharctic.com
Frequently Asked Questions
What was the main outcome of the High Arctic Overseas meeting?
The meeting resulted in the approval of the election of directors, the appointment of KPMG LLP as auditors, and the re-approval of the equity incentive plan.
Who were the directors elected at the meeting?
The elected directors were Michael R. Binnion, Michael J. (Mike) Maguire, and Bruce Apana, all receiving significant majority support.
What percentage of shares were represented at the meeting?
Approximately 57.35% of the total votes attached to all issued and outstanding common shares were present either in person or by proxy.
Why is the appointment of KPMG LLP important?
The appointment of KPMG LLP as auditors emphasizes High Arctic Overseas’ commitment to maintaining high standards of financial integrity and accountability.
How can I learn more about High Arctic Overseas?
For further details, you can visit their website or contact the Chief Financial Officer, Matt Cocks, directly.
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