$SEBFF Smart Employee Benefits Announces Resignati
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Posted On: 05/10/2022 9:10:39 AM
$SEBFF Smart Employee Benefits Announces Resignation of Director
https://www.globenewswire.com/news-release/20...ector.html
MISSISSAUGA, Ontario, May 09, 2022 (GLOBE NEWSWIRE) -- Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) (OTCQB: SEBFF), an Insurtech provider of cloud based, end-to-end IT and Benefit Processing solutions for the life and group benefits marketplace and government, announces the resignation of Alec Blundell from the Company’s Board of Directors effective May 9, 2022 so that he may focus his efforts on other professional duties.
The Board of Directors would like to thank Mr. Blundell for his contributions during his tenure.
As a result of Mr. Blundell’s resignation, he will no longer be standing for election at the Company’s upcoming annual meeting of shareholders (the “Meeting”) on May 31, 2022. Accordingly, the Company’s Board of Directors has revised the number of Directors to be elected at the Meeting and has fixed the number of Directors at nine (9). Mr. Blundell was a nominee of The Co-operators, who have invested $25.0M in SEB since November 30, 2020. The Co-operators have the right to nominate 3 Directors. They will nominate Mr. Blundell’s successor in due course after the Meeting.
https://www.globenewswire.com/news-release/20...ector.html
MISSISSAUGA, Ontario, May 09, 2022 (GLOBE NEWSWIRE) -- Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) (OTCQB: SEBFF), an Insurtech provider of cloud based, end-to-end IT and Benefit Processing solutions for the life and group benefits marketplace and government, announces the resignation of Alec Blundell from the Company’s Board of Directors effective May 9, 2022 so that he may focus his efforts on other professional duties.
The Board of Directors would like to thank Mr. Blundell for his contributions during his tenure.
As a result of Mr. Blundell’s resignation, he will no longer be standing for election at the Company’s upcoming annual meeting of shareholders (the “Meeting”) on May 31, 2022. Accordingly, the Company’s Board of Directors has revised the number of Directors to be elected at the Meeting and has fixed the number of Directors at nine (9). Mr. Blundell was a nominee of The Co-operators, who have invested $25.0M in SEB since November 30, 2020. The Co-operators have the right to nominate 3 Directors. They will nominate Mr. Blundell’s successor in due course after the Meeting.
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