Converge Technology Solutions Corp. Reports Annual General and Special Meeting of Shareholders Voting Results - StockTitan

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Converge Technology Solutions Corp. (TSX: CTS, FSE: 0ZB, OTCQX: CTSDF) announced the results of its annual general and special meeting of shareholders held on June 19, 2024. The 10 nominees elected as directors include Shaun Maine, Thomas Volk, Brian Phillips, Nathan Chan, Ralph Garcea, Darlene Kelly, Toni Rinow, Wendy Bahr, Gayle Morris, and Mary Hassett. Ernst & Young LLP was appointed as the company’s auditor until the next annual meeting. Shareholders also approved the Amended and Restated Employee Share Purchase Plan and the renewal of the Long Term Incentive Plan.
TORONTO and GATINEAU, QC, June 19, 2024 /PRNewswire/ – Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce the voting results of its annual general and special meeting of shareholders held on Wednesday, June 19^th 2024. The results of the each vote at the Company's virtual annual general and special meeting of shareholders held earlier today are set forth below.

i.                    Election of Directors
The following 10 nominees were elected as directors of Converge's board of directors to hold office until the next annual meeting of shareholders of Converge, or until their successors are earlier elected or appointed. The following voting results represent the total of the votes cast by proxy and electronic ballot:
Nominee
# Votes For
% Votes For
# Votes Against
% Votes Against
Shaun Maine
110,424,553
99.68 %
357,138
0.32 %
Thomas Volk
89,983,182
81.23 %
20,798,509
18.77 %
Brian Phillips
108,797,714
98.21 %
1,983,976
1.79 %
Nathan Chan
90,795,669
81.96 %
19,986,021
18.04 %
Ralph Garcea
84,132,188
75.94 %
26,649,502
24.06 %
Darlene Kelly
91,903,390
82.96 %
18,878,301
17.04 %
Toni Rinow
108,775,489
98.19 %
2,006,201
1.81 %
Wendy Bahr
110,232,449
99.50 %
549,242
0.50 %
Gayle Morris
110,451,034
99.70 %
330,657
0.30 %
Mary Hassett
110,451,537
99.70 %
330,154
0.30 %
ii.                  Appointment and Remuneration of Auditor
Ernst & Young LLP, Chartered Professional Accountants, were appointed as auditors of Converge until the close of the next annual meeting of shareholders of Converge. The following voting results represent the total of the votes cast by proxy and by electronic ballot:
# Votes For
% Votes For
# Votes Withheld
% Votes Withheld
112,518,465
99.00 %
1,134,185
1.00 %
iii.                Amended and Restated Employee Share Purchase Plan
The resolution approving Converge's Amended and Restated Employee Share Purchase Plan (the full text of which is set out in Appendix A of Converge's Management Information Circulated dated April 30, 2024 (the "Circular")) was approved by a majority of the shareholders. The following voting results represent the total of the votes cast by proxy and electronic ballot:
# Votes For
% Votes For
# Votes Against
% Votes Against
86,059,284
77.68 %
24,722,406
22.32 %
iv.                 Renewal, Amendment and Restatement of The Long Term Incentive Plan
The resolution approving the renewal and amendment and restatement of Converge's Long Term Incentive Plan (the full text of which is set out in Appendix C of the Circular) was approved by a majority of the shareholders. The following voting results represent the total of the votes cast by proxy and electronic ballot:
# Votes For
% Votes For
# Votes Against
% Votes Against
91,090,006
82.22 %
19,691,684
17.78 %
About Converge
Converge Technology Solutions Corp. is a services-led, software-enabled, IT & Cloud Solutions provider focused on delivering industry-leading solutions. Converge's global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The Company supports these solutions with advisory, implementation, and managed services expertise across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors. For more information, visit convergetp.com.
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SOURCE Converge Technology Solutions Corp.

What were the results of the Converge Technology Solutions Corp. (CTSDF) annual general meeting held on June 19, 2024?

All 10 director nominees were elected, Ernst & Young LLP was appointed as auditors, and both the Amended and Restated Employee Share Purchase Plan and the Long Term Incentive Plan were approved.

Who were elected as directors at the Converge Technology Solutions Corp. (CTSDF) annual meeting on June 19, 2024?

The elected directors are Shaun Maine, Thomas Volk, Brian Phillips, Nathan Chan, Ralph Garcea, Darlene Kelly, Toni Rinow, Wendy Bahr, Gayle Morris, and Mary Hassett.

Was the Amended and Restated Employee Share Purchase Plan approved at the Converge Technology Solutions Corp. (CTSDF) annual meeting on June 19, 2024?

Yes, the plan was approved with 77.68% of the votes in favor.

Which auditing firm was appointed by Converge Technology Solutions Corp. (CTSDF) at the annual meeting on June 19, 2024?

Ernst & Young LLP was appointed as the auditors with 99% of votes in favor.

Was the Long Term Incentive Plan renewal approved at the Converge Technology Solutions Corp. (CTSDF) annual meeting on June 19, 2024?

Yes, the renewal was approved with 82.22% of the votes in favor.

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