Reeflex Solutions Inc. Announces Successful Shareholder Meeting
Reeflex Solutions Inc. Reports Shareholder Meeting Votes
Reeflex Solutions Inc. (TSXV: RFX) recently held its Annual General and Special Meeting of Shareholders, where the friendly ties between the company and its shareholders proved strong. The Meeting, took place with a substantial participation—a total of 30,783,820 common shares were voted, which represents approximately 66.3% of the outstanding shares.
Key Decisions from the Meeting
The shareholders overwhelmingly supported all proposals outlined in the Management Information Circular. This included a diverse range of matters essential to the company's governance and operational capabilities. A summary of these key decisions is listed below:
Directorship and Management
- Approval of five directors to the board.
- Election of the proposed director nominees.
- Appointment of MNP LLP as the company’s auditors.
Company Regulations and Operations
- Ratification of the stock option plan by the shareholders.
- Approval of the grant of 3,050,000 stock options as recommended by the board.
- Decision to continue the company’s operations from Ontario to Alberta.
- Adoption of new bylaws after the repeal of the previous ones.
Voting Results and Director Elections
The results for the elections of the company’s directors were particularly notable. Each nominee received a high percentage of supportive votes, reflecting confidence from shareholders:
Election Results Summary
Here’s how the voting broke down for each nominee:
- John Babic: 30,748,820 votes (99.9% approval).
- Eric Szustak: Unanimous support with 30,783,820 votes (100%).
- Shawn Szydlowski: Also received 30,783,820 votes (100%).
- Cecil Hassard: Gained 30,783,820 votes (100%).
- George Wu: Achieved 30,783,820 votes (100%).
About Reeflex Solutions Inc.
Reeflex is a versatile public company specializing in engineering and manufacturing solutions tailored to various industries. The company’s operations span several divisions. Notably, through its wholly-owned subsidiary, Coil Solutions Inc., it provides innovative coil tubing injectors and downhole tools tailored for the oil and gas sector.
Additionally, their manufacturing arm, Ranglar Manufacturing, is focused on crafting custom mobile equipment designed for a wide array of industrial applications. This diverse suite of services illustrates Reeflex's commitment to harnessing advanced technology for effective solutions.
Contact Information
For further insights or questions regarding the meeting or company operations, you can reach:
John Babic
President & CEO
Reeflex Solutions Inc.
Telephonic Inquiry: (780) 909-4220
Email: john.babic@reeflex.ca
Frequently Asked Questions
What were the main outcomes of the Reeflex Solutions Inc. meeting?
The meeting resulted in shareholder approval for six principal proposals, including the election of directors and the appointment of auditors.
How many shares were voted during the meeting?
A total of 30,783,820 common shares were voted, which made up approximately 66.3% of the outstanding shares.
Who were the elected directors of the company?
John Babic, Eric Szustak, Shawn Szydlowski, Cecil Hassard, and George Wu were all elected with significant support.
What services does Reeflex Solutions Inc. offer?
Reeflex provides advanced engineering and manufacturing solutions, particularly in the oil and gas sector through Coil Solutions Inc., and custom mobile equipment from Ranglar Manufacturing.
How can I contact Reeflex Solutions for more information?
You can contact John Babic, the President & CEO, via email at john.babic@reeflex.ca or call (780) 909-4220.
About The Author
Contact Logan Wright privately here. Or send an email with ATTN: Logan Wright as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.