Latest news with #shareholdermeeting
Yahoo
8 hours ago
- Business
- Yahoo
3M Annual Meeting Results
ST. PAUL, Minn., May 13, 2025 /PRNewswire/ -- At today's Annual Meeting of Shareholders, 3M (NYSE: MMM) shareholders overwhelmingly supported each of the proposals recommended for approval by the company. Preliminary Shareholder Voting Results 3M shareholders today voted on the following business items: 1) Shareholders supported 11 directors for one-year terms to expire at the company's 2026 Annual Meeting: David P. Bozeman, President, Chief Executive Officer and Director, C.H. Robinson Worldwide, Inc. Thomas "Tony" K. Brown, retired Group Vice President, Global Purchasing, Ford Motor Company William M. "Bill" Brown, Chairman of the Board and Chief Executive Officer, 3M Company Audrey Choi, retired Chief Sustainability Officer and Management Committee Member, Morgan Stanley Anne H. Chow, retired Chief Executive Officer, AT&T Business David B. Dillon, retired Chairman of the Board and Chief Executive Officer, The Kroger Co. James R. Fitterling, Chair and Chief Executive Officer, Dow Inc. Suzan Kereere, President, Global Markets, PayPal Gregory R. Page, retired Chairman of the Board and Chief Executive Officer, Cargill Pedro J. Pizarro, President, Chief Executive Officer and Director, Edison International Thomas W. Sweet, retired Chief Financial Officer, Dell Technologies 2) Shareholders supported the appointment of PricewaterhouseCoopers LLP as 3M's independent registered public accounting firm for 2025. 3) Shareholders supported, on an advisory basis, executive compensation, as described in the company's Notice of Annual Meeting and Proxy Statement. 3M will disclose the final voting results on each item of business properly presented at the Annual Meeting on Form 8-K to be filed with the SEC. About 3M3M (NYSE: MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. Learn how we're working to improve lives and make what's next at Please note that the company announces material financial, business and operational information using the 3M investor relations website, SEC filings, press releases, public conference calls and webcasts. The company also uses the 3M News Center and social media to communicate with our customers and the public about the company, products and services and other matters. It is possible that the information 3M posts on the News Center and social media could be deemed to be material information. Therefore, the company encourages investors, the media and others interested in 3M to review the information posted on 3M's news center and the social media channels such as @3M or @3MNews. ContactsInvestor Contacts:Diane Farrow, 612-202-2449orEric Herron, 651-233-0043 Media Contact:3Mnews@ View original content to download multimedia: SOURCE 3M Company
Yahoo
2 days ago
- Business
- Yahoo
Avant Brands Inc. Announces Voting Results From 2025 Annual General Meeting of Shareholders
KELOWNA, BC / / May 30, 2025 / Avant Brands Inc. (TSX:AVNT)(OTCQX:AVTBF)(FRA:1BU0) ("Avant" or the "Company"), a leading producer of innovative and award-winning cannabis products, held its annual general meeting of shareholders of the Company (the "Shareholders") on May 30, 2025 (the "Meeting"). 1,752,490 of the Company's issued and outstanding common shares, representing 16.19% of the total issued and outstanding common shares of the Company, were represented in person or by proxy at the Meeting. The complete voting results from the Meeting are as follows: 1. Election of Directors Each of the six nominees listed in the management information circular of the Company dated April 22, 2025 (the "Circular") were elected to hold office until the next annual meeting of Shareholders or until their successor is duly elected or appointed. Proxies were tabulated as follows: 2. Ernst & Young LLP was re-appointed as auditor ("Auditor") of the Company for the ensuing year at a remuneration to be fixed by the Company's Board of Directors. 3. The Company's deferred share unit plan was approved. 4. The amendments to the Company's deferred share unit plan were approved. 5. The Company's long term incentive plan was approved. 6. The amendments to the Company's long term incentive plan were approved. 7. The repricing of certain warrants and convertible debentures originally issued by the Company on July 26, 2024 pursuant to a private placement was approved. The results on all matters voted at the Meeting are reported in the Report of Voting Results, filed on SEDAR+ under the Company's profile at Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. About Avant Brands Inc. Avant is an innovative, market-leading premium cannabis company. Avant has multiple operational production facilities across Canada, which produce high-quality, handcrafted cannabis products based on unique and exceptional cultivars. Avant offers a comprehensive product portfolio catering to recreational, medical, and export markets. Avant's consumer brands, including BLK MKT™, Tenzo™, Cognōscente™, flowr™ and Treehugger™, are available in key recreational markets across Canada. Avant's products are distributed globally to Australia, Israel and Germany, with its flagship brand BLK MKT™ currently being sold in Israel. Additionally, Avant's medical cannabis brand, GreenTec™, serves qualified patients nationwide through its GreenTec Medical portal and trusted medical cannabis partners. Avant is a publicly traded corporation listed on the TSX (TSX:AVNT) and accessible to international investors through the OTCQX Best Market (OTCQX:AVTBF) and Frankfurt Stock Exchange (FRA:1BU0). Headquartered in Kelowna, British Columbia, Avant operates in strategic locations including British Columbia, Alberta, and Ontario. For more information about Avant, including access to investor presentations and details about its consumer brands, please visit For further inquiries, please contact:Investor Relations at Avant Brands Inc.1-800-351-6358ir@ CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking information" as defined under applicable Canadian securities legislation, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding the Meeting; filing and mailing of the Circular; and the proposed Repricing Amendments. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Investors are cautioned that forward-looking information is not based on historical fact but instead reflects management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: risk related to the ability to obtain additional financing; limited operating history; regulatory and licensing risks; changes in consumer demand and preferences; changes in general economic, business and political conditions, including changes in the financial markets; the global regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; compliance with extensive government regulation; public opinion and perception of the cannabis industry; and the risk factors set out in the Company's annual information form dated February 28, 2025, filed with Canadian securities regulators and available on the Company's profile on SEDAR+ at Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information, which speak only as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. SOURCE: Avant Brands Inc. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
3 days ago
- Business
- Globe and Mail
TENAZ ENERGY CORP. ANNOUNCES 2025 ANNUAL MEETING RESULTS
CALGARY, ALBERTA--(Newsfile Corp. - May 29, 2025) - Tenaz Energy Corp. ("Tenaz", "We", "Our", "Us" or the "Company") (TSX: TNZ) is pleased to announce the results from its annual meeting of shareholders (the "Meeting") held on May 29, 2025. A total of 10,546,547 Common Shares, representing 37.41% of the Company's issued and outstanding Common Shares, were represented in person or by proxy at the Meeting. All of the matters put forward before the shareholders, as set out in the Company's management information circular dated April 25, 2025, were approved by the shareholders. Number of Directors: The number of directors to be elected was fixed at 6. Election of Directors: Each of the following six nominees were elected as directors of the Company: Nominee Votes for Votes withheld # % # % Anna Alderson 6,660,932 99.31 46,242 0.69 John Chambers 6,661,132 99.31 46,042 0.69 Anthony Marino 6,706,974 100.00 200 0.00 Marty Proctor 6,660,932 99.31 46,242 0.69 Varinia Radu 6,661,132 99.31 46,042 0.69 Mark Rollins 6,661,847 99.32 45,327 0.68 Appointment of Auditor: Deloitte LLP was reappointed as auditor of the Company. Unallocated Awards: All unallocated awards under the Tenaz Incentive Plan were approved. Votes for Votes against # % # % 6,048,334 90.18 658,840 9.82 About Tenaz Energy Corp. Tenaz is an energy company focused on the acquisition and sustainable development of international oil and gas assets. Tenaz is the second largest operator of natural gas assets in the Dutch sector of the North Sea and develops crude oil and natural gas at Leduc-Woodbend in Alberta. Additional information regarding Tenaz is available on SEDAR+ and at Tenaz's Common Shares are listed for trading on the Toronto Stock Exchange under the symbol "TNZ". For further information, contact: Tenaz Energy Corp. investors@ Anthony Marino President and Chief Executive Officer Direct: 587 330 1983 Bradley Bennett Chief Financial Officer Direct: 587 330 1714 /NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW/ To view the source version of this press release, please visit
National Post
3 days ago
- Business
- National Post
Dynacor Receives Positive ISS Recommendation FOR All Director Nominees and Meeting Resolutions at the Annual Meeting of Shareholders and Provides Corporate Updates
Article content ISS is a leading provider of corporate governance and responsible investment solutions, voting recommendations and fund services for institutional investors and corporations. Dynacor provides corporate updates and information about matters related to the company's annual meeting of shareholders scheduled for June 17, 2025. Shareholders who have questions or need assistance with voting can contact Dynacor's proxy solicitation agent, Laurel Hill Advisory Group at 1-877-452-7184 or assistance@ Article content Article content MONTREAL — Dynacor Group Inc. (TSX: DNG) ('Dynacor' or the 'Corporation'), is pleased to announce Institutional Shareholder Services Inc. (' ISS '), a leading independent proxy advisory firm, recommended the Corporation's shareholders vote FOR all of the resolutions that will be put forth at the Corporation's annual meeting of shareholders (the ' Meeting '), scheduled for June 17, 2025 at 10:00 a.m. (Eastern Time). Dynacor is also providing corporate updates below to apprise shareholders of its value-enhancing initiatives, provide clarity about its business model, and to redress the misconception that it is a conventional gold mining company. Article content Shareholders can attend the virtual Meeting at The password to enter the meeting is dynacor2025. Article content Dynacor's 2025 AGM Matters Article content iolite Capital Ltd. (' iolite ' or the ' Dissident '), called a special meeting of shareholders on April 16, 2025 (the ' Requisitioned Meeting '). At the Requisitioned Meeting, shareholders overwhelmingly voted AGAINST iolite's resolution to increase the Board's size to nine directors and AGAINST iolite's nominee for election to the board. Article content Following the defeat of iolite's resolutions at the Requisitioned Meeting, Dynacor received an advance notice submission ('ANP') from iolite to nominate a director to Dynacor's board at the Corporation's annual meeting of shareholders on June 17, 2025. Dynacor is not legally required to include this nominee in its circular. As is standard with ANPs, the Dissident is required to issue an information circular and a form of proxy to Dynacor's shareholders to solicit support for its nominee. Article content After Dynacor received the ANP, the Board's Governance, Nomination and Compensation committee reviewed the candidate's qualifications and concluded his skills and experience were not additive to the Board due to the following: Article content The Dissident's nominee served on three boards of companies that were involved in bankruptcy proceedings: The nominee has served on the boards of three companies that became subject to insolvency or bankruptcy proceedings while he was acting as director or within one year of ceasing to act in that capacity. Experience not in Dynacor's core business: The majority of the nominee's board experience is with tin and titanium mining companies. The Dissident nominee also has no experience in Latin America, no familiarity with the artisanal gold mining sector, and offers no experience with complex ecosystems requiring high -level compliance. Pre-existing history with iolite: The nominee has a pre-existing history with the Dissident. They collaborated in August 2024 when the iolite nominated him as one of three people to be elected to the board of Bowen Coking Coal. This was the Dissident's first proxy contest. Directors should be independent – their duty is to all shareholders. Article content In their reports issued for the Requisitioned Meeting, ISS and Glass Lewis & Co. LLC (Glass Lewis), independent proxy advisory firms, recommended Dynacor shareholders to vote FOR management's nominees. Both highlighted the unnecessary pressure applied by the Dissident and the fact that the Dissident has not made a compelling case for changes on the Board. In particular, Glass Lewis recommended voting AGAINST iolite's representative due to his lack of detail and analysis, and his short-term perspectives. Article content Dynacor reaffirms its commitment to maintain the same long-term approach to shareholder value creation that has buttressed its enviable record of growth to date. It thanks shareholders for their support and invites them to vote for the Board nominees who have shepherded the Corporation's success to date. Article content At the Meeting, Dynacor's shareholders will vote on the following resolutions: Article content YOUR VOTE IS IMPORTANT. PLEASE VOTE TODAY The proxy voting deadline is on Friday, June 13, 2025 at 10:00 a.m. (Eastern Time). Article content The board of directors of Dynacor Group Inc. unanimously recommends that shareholders VOTE FOR all the director nominees and proposed resolutions, using only the GOLD form of proxy or voting instruction form. Article content We encourage our shareholders to read the Corporation's management information circular (the ' Circular ') dated May 14, 2025 in detail and cast their votes prior to the proxy voting deadline. The Circular is available under Dynacor's profile on SEDAR+ at and on the Company's website at Article content To be able to participate, interact, ask questions and vote at the Meeting, you must have previously acquired the 13-digit proxyholder control number or previously appointed yourself as proxyholder on the voting instruction form or online as applicable. Otherwise, you will only be able to attend as a guest. Article content The following steps apply to shareholders who wish to appoint a proxyholder other than the persons whose names already appear as proxyholders in the form of proxy or voting instruction form, including non-registered shareholders who wish to appoint themselves as proxyholder to attend, participate or vote at the Meeting. Article content Step 1: Appoint your proxyholder. Insert your proxyholder's name (or your own name of you wish to attend, vote and participate in the meeting as a proxyholder) in the blank space provided in the voting instruction form or online before 10:00 a.m. (Eastern Standard Time) on June 12, 2025 and follow the instructions for submitting such voting instruction form. Article content Step 2: Register your proxyholder, as described below. Article content Board Focus on Long-Term Value Generation Article content Dynacor's current board (the 'Board ') and management team (' Management ') are committed to creating long-term value for the Corporation's shareholders through producing responsibly sourced gold from steady-state operations in Peru, building local wealth, expanding the Corporation's international footprint, and deepening its relationships with stakeholders. Article content The Board has successfully steered Dynacor through the Corporation's start-up to scale-up periods, methodically transforming its culture, overseeing tremendous shareholder value creation and positioning it for international growth. From June 20, 2017 when Mr. Pierre Lépine was appointed chair of the Board, through May 27, 2025, Dynacor has been an outperformer, delivering shareholder returns of 159%. This compares favourably with the 73% returns provided by the S&P TSX Composite index and the 143% return by the S&P 500 index in the same period. Recently, Dynacor received sector-agnostic recognition through its inclusion in the TSX30 2024, a ranking of top-performing stocks on the TSX over a 3-year period. Article content Under the guidance of the Board, the seasoned Management team has maintained a stellar track record, highlighting the long-term strength of its business model, its ability to navigate tough jurisdictions, lay the foundations for growth, and return capital to shareholders over the past decade. Notably, the Corporation has: Article content Maintained and grown stable profitability over the past 14 years, growing EBITDA by a 15% CAGR. Maintained a strong, clean balance sheet with $59M in cash and short-term investment, no debt, and a simple capital structure. Used its consistent and predictable income to reward shareholders through dividends and share buybacks – On an annualized basis, the Corporation is currently paying a ~3.36% dividend. Carried out in-depth groundwork to expand its proven, successful model into new jurisdictions using the same consistent approach that has defined Dynacor's exceptional trajectory. As the artisanal mining sector is generally uncharted territory, proprietary research takes time. Posted a record 2024 year including record operating cash flow, cash gross operating margin, sales, net income, EBITDA and ore processed. Continued growth and achievement in a rapidly changing and challenging business environment including COVID-19; market reticence towards artisanal miners; difficulty accessing financing due to the company's novel business model; multiple gold price cycles; the ramp-up and multiple expansions of the Veta Dorada plant; and formalization of the Peruvian artisanal mining sector. Article content Dynacor takes a two-pronged approach to driving long-term and sustainable shareholder value creation: international expansion into new, carefully selected countries, and optimization of its operations. Article content Under its international expansion plan, the Corporation's goal of producing 500,000 ounces of gold by 2030 is aligned with its prudent financial and operational management approach. Dynacor's expansion plan: Article content builds on the extensive foundational work and relationships already established in the regions selected for our expansion projects; de-risks its entry into Africa through construction of a test pilot plant in Senegal; leverages the streamlined workforce in Peru and newly recruited management in Montreal with African and specialist experience, all of which to support future growth; and is based on commissioning one processing plant annually. Article content In particular, the expansion of Dynacor's management team is a game-changer that has underwritten disciplined and timely execution of its expansion to date and provides a succession plan to Dynacor shareholders. Article content On the optimization front, Dynacor has launched and is accelerating operating efficiency initiatives at its plant in Peru to improve productivity, efficiency and gold recoveries. The optimization measures include automated addition of chemical reagents, reduced consumption of water through thickeners; an ERP system; and improved layout of new tailings, which are included in the 2025 capital expenditure plan for Peru. Once realized, the measures are expected to enhance productivity, primarily impacting 2026. In parallel, the Corporation has refreshed its workforce in Peru and in Canada, positioning it strongly for its international expansion. Article content Dynacor – An Industrial Company, Not Your Run-of-the Mill Junior Gold Producer Article content Although it mills gold sourced directly from artisanal gold miners, Dynacor's core business is neither gold mining nor gold exploration. Below, we include some key differentiators between Dynacor and junior gold mining stocks, to help dispel misconceptions and counter the misrepresentation of Dynacor as a gold mining company: Article content Dynacor is peerless – Due to Dynacor's unique business model and industry positioning as an ore processor, it has no publicly listed peers. The closest comparisons to Dynacor can be broken down into two groups: Canadian industrial firms and mining services firms. However, neither is perfectly related to Dynacor. As it is not a gold mining company, Dynacor's stock price has never tracked junior gold indexes. This year is no exception. Despite a reduced stock market performance in the last four months occasioned by a contested meeting of shareholders on April 16, 2025 and uncertainty related to the threat of additional proxy contests, the Dynacor share price has outperformed the S&P TSX Composite Index from the beginning of the year to current date. Since 2017, DNG has delivered shareholder returns of 159% compared to GDXJ's 97% returns. Dynacor offers stability – DNG is much less volatile than junior gold mining stocks as it has no exposure to mining or exploration risk. Dynacor's costs vary – Unlike mining companies with operational costs that are relatively stable, DNG's costs vary on a daily basis. This is because the bulk of its costs relate to the daily purchasing of ore. Gold ore is bought at a discount to the spot price on the day of purchase, and the ensuing inventory is generally sold 10-15 days later. DNG offers short stretches of exposure to the gold price – As DNG's only exposure to t he gold price is during this 15-day average inventory turnover, it offers a natural hedge or a proxy to the gold price. The Corporation buys and processes ore on an ongoing basis- the inventory volume and unit price are not static throughout the quarter. Even if the gold price goes up by 26% in the quarter, inventory gains will not rise by the same percentage. The Corporation's margin is impacted positively or negatively by the difference in the gold price at the time of buying and selling. The limited exposure to the gold price explains why DNG has significantly lower beta to the gold price than junior gold companies. DNG margins depend on the path of the gold price – Given its ever-evolving inventory, the Corporation's margins benefit most from slow, steady improvements in the gold price compared to a single, large sharp increase in the price. Article content About Dynacor Article content Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on fully and part-formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The company plans to expand to West Africa and within Latin America. Article content The premium paid by luxury jewellers for Dynacor's PX Impact® gold goes to Fidamar Foundation, an NGO that mainly invests in health and education projects for artisanal mining communities in Peru. Visit for more information. Article content Certain statements in the preceding may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management's current expectations regarding future events and operating performance as of the date of this news release. Article content Article content Article content Article content Article content Contacts Article content For more information, please contact: Article content Ruth Hanna Director, Investor Relations T: 514-393-9000 #236 E: investors@ Website: Article content Article content Article content
Japan Times
23-05-2025
- Automotive
- Japan Times
ISS reverses stance and backs Toyota chief's reappointment
A firm that advises large investors backed the reappointment of Chairman Akio Toyoda to Toyota's board, reversing its position from a year ago. "There are no particular concerns about the nominee,' Institutional Shareholder Services said in a report Thursday. The world's No. 1 carmaker will hold its annual meeting June 12. ISS, Glass Lewis and other proxy advisory firms can influence voting at shareholder meetings by providing an analysis for why stakeholders should support or reject proposals on directors and other matters. Last year, ISS and Glass Lewis recommended against Toyoda's re-election, citing concerns over governance and his handling of a series of vehicle safety scandals, as well as Toyota's commitment to reducing its impact on climate change. Representatives for Toyota didn't immediately respond to a request for comment. Shareholder support for Toyoda, whose grandfather founded the company, has been slipping in recent years. More than a quarter of votes cast at last year's annual meeting opposed his reappointment. His share of affirmative votes dropped to 72%, from 85% and 96% in the prior two years. Toyoda has said that his seat on the board could be at risk if shareholder support continues to decline. "No board member in Toyota's history has seen their support fall so low,' he said in a podcast interview with Toyota Times, the company's media outlet, in July 2024. Toyoda has long been the face of the company, which he led from 2009 until 2023, when he ceded the chief executive officer role to Koji Sato. Last year's regulatory scandals caused Toyoda's opposition to spread among big shareholders, including Nissay Asset Management and Mitsubishi UFJ Asset Management. The scandals began with government probes that uncovered falsified vehicle safety certifications in December 2023 at a pair of subsidiaries — Daihatsu Motor and Toyota Industries — then a few months later at the carmaker itself. This year, the focus could fall on Toyoda's ¥6 trillion ($41.7 billion) plan to buy out Toyota Industries, and whether the take-private deal by the founding family will help or hurt the carmaker's push to improve corporate governance. Toyoda owns less than 1% of Toyota Motor, while Toyota Industries — a major forklift manufacturer and producer of car parts and textile machinery — has a 9.1% stake in the carmaker. Much depends on how these holdings are rationalized if and when the deal proceeds. Voting at shareholder meetings in Japan are becoming more consequential, as the government urges businesses to unwind ownership of stock in each other. That's triggered a broader dissolution of cross-held shares among the country's biggest companies, those including between Toyota and its suppliers, affiliates and banks.
