Dec 16, 2022   SOURCE: BusinessWire

ABC Technologies Holdings Inc. Announces Results from the Election of Directors at its Annual General Meeting of Shareholders

ABC Technologies Holdings Inc. (TSX:ABCT) (the “Corporation” or “ABC Technologies”), a leading manufacturer and supplier of custom, highly engineered, technical plastics and lightweighting innovations to the North American light vehicle industry, is pleased to announce the results from its Annual General Meeting of Shareholders (the “Meeting”) held on December 15, 2022.

By resolution passed by ballot vote, all of the nine nominees proposed by management for election to the Board of Directors at the Meeting and listed in the Corporation’s Management Information Circular dated November 4, 2022 were elected to the Board of Directors. The Directors will remain in office until the next annual meeting of shareholders, or until their successors are elected or appointed.

The results of the vote on the election of the Board of Directors are as follows:

Nominee

Votes For

% Votes For

Votes Withheld

% Votes Withheld

Mel Carlisle

112,932,060

99.30%

794,540

0.70%

Patrick C. George

112,920,601

99.29%

805,999

0.71%

Burt Jordan

110,717,811

97.35%

3,008,789

2.65%

James Voss

112,906,471

99.28%

820,129

0.72%

Michael Reiss

112,906,471

99.28%

820,129

0.72%

Jonathan Williams

113,699,711

99.98%

26,889

0.02%

Brook Sorensen

113,699,711

99.98%

26,889

0.02%

Barry Engle

113,725,300

100.00%

1,300

0.00%

Terry Campbell

112,395,111

98.83%

1,331,489

1.17%

Shareholders also approved the following at the Meeting (i) the appointment of KPMG LLP as auditors of the Corporation for the ensuing year and the authorization of the directors to fix the remuneration of the auditors; and (ii) the advisory resolution on the Corporation’s approach to executive compensation.

The Corporation will file a report of voting results on all resolutions voted at the Meeting under its profile on SEDAR at www.sedar.com.

About ABC Technologies

ABC Technologies is a leading manufacturer and supplier of custom, highly engineered, technical plastics and lightweighting innovations to the North American light vehicle industry, serving more than 25 OEM customers globally through a strategically located footprint. ABC Technologies’ integrated service offering includes manufacturing, design, engineering, material compounding, machine tooling and equipment building that are supported by a by a team of skilled professionals (including professional practicing engineers and additional employees with technical diplomas or at least 15 years technical working experience serving in other technical engineering roles), which we believe ultimately contributes to our differentiated product innovation. Our vertically integrated capabilities include our tool-building and material compounding businesses, which we believe allows us to stay on the leading edge of technical plastics and lightweighting product innovation. In addition, our manufacturing footprint provides us with 250-mile coverage for the majority of our OEM customers’ North American light vehicle manufacturing facilities, which we also believe provides us with logistical and competitive advantages. The Company offers three product groups: Interior Systems, Exterior Systems and HVAC, Fluids & Other.