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TORONTO, June 27, 2024--(BUSINESS WIRE)--Jack Nathan Medical Corp. (TSXV: "JNH"; OTCQB: "JNHMF") (the "Company") is pleased to announce that all of the matters presented for approval at its annual and special meeting of shareholders of the Company (the "AGM") held on Thursday, June 27, 2024 were approved.
All of the nominees listed in the Company’s management information circular dated May 24, 2024 forwarded to shareholders in respect of the AGM (the "Circular") were elected at the AGM as directors of the Company, to hold office until the close of the next annual meeting of shareholders of the Company or until their successors are duly elected or appointed. The detailed results of the vote at the AGM on the election of directors are set out below:
| Name | % Votes For | % Votes Withheld |
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| Glenn Copeland | 88.0% | 12.0% |
| Anthony DeCristofaro | 88.8% | 11.2% |
| Blake D. Lyon | 89.6% | 10.4% |
| Michael Marchelletta | 86.9% | 13.1% |
| Mark Redinger | 89.6% | 10.4% |
Shareholders of the Company also passed at the AGM the following resolutions:
(a) the resolution reappointing MNP LLP, Chartered Professional Accountants and Licensed Public Accountants, as auditors of the Company for the ensuing year and authorizing the directors of the Company to fix the auditors’ remuneration and the terms of their engagement (99.97% of the votes cast at the AGM were in favour of the resolution and 0.03% of the votes cast at the AGM were withheld from voting on the resolution); and
(b) the resolution approving the grant of certain stock options of the Company pursuant to the Company’s Omnibus Equity Incentive Plan, as described in the Circular (86.9% of the votes cast at the AGM were in favour of the resolution (all such votes were "disinterested" as per the rules of the TSX Venture Exchange) and 13.1% of the votes cast at the AGM were against the resolution).
Corporate Update
The Company also announces that Bharat Choudhary is resigning from his position as Chief Financial Officer of the Company effective June 28, 2024 to pursue new endeavours.
"I would like to thank Jack Nathan’s board, management and my colleagues for the opportunity to serve as Jack Nathan’s CFO. It’s been an honour to work with such a talented and dedicated team," stated Bharat Choudhary.
"We would like to thank Bharat for his contributions to the Company during his tenure and wish him all the best in his future endeavours," stated Glenn Copeland, Chief Executive Officer and President of the Company.
The Company is conducting a search process to identify a new CFO.