Summary of Source Energy Services Annual Meeting Outcomes
Source Energy Services Shareholder Meeting Highlights
CALGARY, Alberta, the Company recently conducted its annual shareholder meeting, where important decisions regarding the leadership and direction of Source Energy Services Ltd. were finalized. Let’s delve into the results of this significant meeting.
Election of Board of Directors
During the meeting, all proposed candidates were successfully elected to the Company’s Board of Directors. Shareholders present or represented by proxy voted overwhelmingly in favor of these nominations. The following members were elected:
Election Results
The voting results indicated strong support for each nominee:
- Scott Melbourn: 99.98% approval
- Chris Johnson: 98.59% approval
- Jeff Belford: 99.15% approval
- Steven Sharpe: 98.58% approval
Shareholder Approval of Key Resolutions
The meeting also saw the passage of several significant resolutions that shape the future of Source Energy Services. Shareholders voted in favor of the following:
Fixing the Number of Directors
One key resolution was the decision to set the number of directors to be elected at four, which received an 81.95% approval rate among voters.
Appointment of Auditors
Another crucial resolution involved the approval of Ernst & Young LLP as the Company’s auditor. This motion garnered a remarkable 99.99% support from shareholders.
About Source Energy Services
Source Energy Services is a market leader in the integrated production and distribution of frac sand. They offer a comprehensive suite of services, including logistics to ensure the timely delivery of bulk completion materials necessary for oil and gas operations. Their operational capabilities are supported by strategic assets such as their Wisconsin and Peace River mines, a broad terminal network in Western Canada, and efficient trucking services. Their innovative Sahara system provides well site mobile sand storage and handling solutions, enhancing operational reliability.
Reach Out to Source Energy Services
For further inquiries, Source Energy Services encourages interested parties to connect directly:
Contact: Scott Melbourn
CEO
(403) 262-1312
Contact: Derren Newell
CFO
(403) 262-1312
For more information about Source Energy Services Ltd., be sure to check out their website.
Frequently Asked Questions
What was the main outcome of the annual meeting?
The annual meeting resulted in the election of all proposed nominees to the Board of Directors and the approval of key resolutions.
Who were the newly elected directors?
The newly elected directors are Scott Melbourn, Chris Johnson, Jeff Belford, and Steven Sharpe.
What percentage of votes approved the appointment of Ernst & Young LLP?
The appointment received 99.99% approval from shareholders.
How many directors were agreed to be elected?
Shareholders agreed to elect four directors in total.
What is the focus of Source Energy Services?
Source Energy Services focuses on the production and distribution of frac sand and providing logistics solutions for the energy sector.
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