SIMPLY BETTER BRANDS ANNOUNCES VOTING RESULTS FOR ITS 2025 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
VANCOUVER, BC, May 21, 2025 /CNW/ - Simply Better Brands Corp. (TSXV: SBBC) (OTCQX: SBBCF) ("SBBC" or the "Company") is pleased to provide the results of the annual and special meeting of shareholders of the Company (the "Meeting") held earlier today.
A total of 37,862,560 common shares of the Company, representing approximately 35.33% of the issued and outstanding common shares of the Company, were represented in person or by proxy at the Meeting.
Each of the matters considered at the Meeting is described in detail in the Notice of Annual and Special Meeting of Shareholders and Management Information Circular dated April 8, 2025 (the "Information Circular"), copies of which are available under the Company's profile on SEDAR+ at www.sedarplus.com.
Each of Michael Galloro, J.R. Kingsley Ward, Richard Kellam, H. Brock Bundy, Erica Groussman, and St. John Walshe were elected as directors of SBBC, to serve until the next annual meeting of shareholders, or until their successors are elected or appointed.
The results of the votes are as follows:
Name of Nominee
% of Votes For
% of Votes Withheld/ Against
Michael Galloro
96.105 %
3.895 %
J.R. Kingsley Ward
93.728 %
6.272 %
Richard Kellam
99.987 %
0.013 %
H. Brock Bundy
99.987 %
0.013 %
Erica Groussman
99.996 %
0.004 %
St. John Walshe
99.987 %
0.013 %
All other resolutions at the Meeting were successfully approved by shareholders, including setting the number of directors at seven, the re-appointment of Davidson & Company LLP as auditors of the Company and approval of SBBC's omnibus equity incentive plan, all as described in the Information Circular.
The Company is also pleased to announce it has entered into an employment agreement dated May 21, 2025 (the "CEO Agreement") with Ms. Groussman in connection with her appointment as CEO, whereby among other things, Ms. Groussman will be granted 1,500,000 restricted share units of the Company (the "RSUs") pursuant to the Company's omnibus incentive plan. The RSUs shall vest in three (3) equal installments on the first anniversary of the grant date, and annually thereafter.
About Simply Better Brands Corp.
Simply Better Brands Corp. is a rapidly growing brand accelerator in the global protein-based nutrition category, delivering premium protein products made with clean ingredients, exceptional taste, and a commitment to sustainable health and wellness. Focused on innovation and customer empowerment, the company aims to redefine modern nutrition while expanding its reach in this dynamic market. For more information on Simply Better Brands Corp., please visit: https://www.simplybetterbrands.com/investor-relations.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
Certain statements contained in this news release constitute "forward-looking information" and "forward looking statements" (collectively, "forward-looking statements") as such terms are used in applicable Canadian securities laws and are based on plans, expectations and estimates of management at the date of this press release. Forward-looking statements include, without limitation, statements with respect to the Meeting, including the expected motions to amend resolutions at the Meeting and the voting results thereof. The words "engaged in", "evaluating", "continuing to", "enable", "is reviewing", "potential", "intend", "believes", "aims" or variations of such words and phrases or statements that certain future conditions, actions, events or results "will", "may", "could", "would", "should", "might" or "can", or negative versions thereof, "occur", "continue" or "be achieved", and other similar expressions, identify forward-looking statements. Forward-looking statements are necessarily based upon management's perceptions of historical trends, current conditions and expected future developments, as well as a number of specific factors and assumptions that, while considered reasonable by the Company as of the date of such statements, are outside of the Company's control and are inherently subject to significant business, economic and competitive uncertainties and contingencies which could result in the forward-looking statements ultimately being entirely or partially incorrect or untrue. Forward looking statements contained in this press release are based on various assumptions and subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved.
Known and unknown risk factors, many of which are beyond the control of the Company, could cause the actual results of the Company to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. Such risk factors include but are not limited to those factors which are discussed in the Company's annual information form for the year ended December 31, 2024, which is available under the Company's SEDAR+ profile at www.sedarplus.com. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided as of the date of this press release for the purpose of providing information about management's expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. All of the forward-looking statements contained in this press release are qualified by these cautionary statements.
SOURCE Simply Better Brands Corp.
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