Xtract One Technologies Shares Voting Results from Meeting

Xtract One Technologies Highlights Results from Shareholder Voting

Recently, Xtract One Technologies (TSX: XTRA) took an important step in engaging with its shareholders by conducting its annual general meeting. This gathering allowed shareholders to vote on key resolutions that shape the future of the company and ensure that its governance aligns with investors' interests.

Voting Overview and Participation

During the annual general meeting, the total number of common shares voted was 54,082,464, which constitutes 24.76% of the 218,400,737 issued and outstanding shares. Notably, all votes were cast by proxy, indicating strong shareholder engagement in the decision-making process. There was no in-person voting. Shareholders decisively elected all proposed nominees as directors of the company, reflecting confidence in the candidates put forth by Xtract One Technologies.

Election of Directors

The outcomes for the directors elected at this year's meeting were quite positive. Each nominee received overwhelming support from the shareholders, showcasing their commitment to guiding the company forward. For instance:

- **Peter van der Gracht** garnered 49,350,241 votes in favor, a notable 97.298% approval rate.

- **Peter Evans** received 50,138,668 votes, totaling 98.853%.

- **John Gillies**, with 46,491,729 favorable votes, achieved a 91.662% approval rating.

- **Bill Maginas**, seeing support of 48,521,988 votes, enjoyed a 95.665% backing.

- **Lea M. Ray** received votes amounting to 48,464,459, representing 95.552% support.

Such robust approval among nominees signifies a strong endorsement of the current leadership and strategic direction of Xtract One Technologies as it continues to evolve within the security and technology landscape.

Key Resolutions Passed

Alongside the election of directors, shareholders also voted on other significant matters. The following resolutions were approved:

• The determination of the number of directors for the upcoming year has been set at five, ensuring a well-structured board for company governance.
• The appointment of Davidson & Company LLP as the designated auditors of Xtract One Technologies, confirming ongoing trust in their auditing capabilities.

About Xtract One Technologies

Xtract One Technologies stands at the forefront of security technology, utilizing advanced AI solutions to enhance threat detection mechanisms. The company's primary focus is to create unobtrusive systems that allow seamless access while maintaining security standards. Their innovative AI-powered Gateway solutions cater to various sectors including schools, hospitals, and public venues, ensuring safety without hindering operational flow.

The firm is committed to delivering state-of-the-art security solutions that align with the growing demand for safety in public spaces. For further updates on Xtract One Technologies and to learn more about their offerings, visit www.xtractone.com. Stay connected through their social platforms such as Facebook, X, and LinkedIn to keep up with their latest innovations and advancements.

Frequently Asked Questions

What was the purpose of the annual general meeting?

The annual general meeting was held to engage shareholders in voting on key resolutions, including the election of directors and the appointment of auditors.

How many shares were represented at the meeting?

A total of 54,082,464 common shares were voted, accounting for 24.76% of all issued and outstanding shares.

Who were the elected directors?

The elected directors included Peter van der Gracht, Peter Evans, John Gillies, Bill Maginas, and Lea M. Ray.

What auditing firm was appointed by the shareholders?

Davidson & Company LLP was appointed as the auditors for Xtract One Technologies.

What is the focus of Xtract One Technologies?

Xtract One Technologies specializes in AI-driven threat detection and security solutions, aiming to provide seamless safety experiences in various environments.

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