BSM Announces Voting Results from Annual and Special Meeting
(Canada Newswire Via Acquire Media NewsEdge)
TORONTO, May 16, 2014 /CNW/ - BSM Technologies Inc. ("BSM" or the
"Company") (TSX-V: GPS), a leading provider of remote monitoring, fleet management, fleet diagnostics and automated vehicle security systems, today announced voting results
from its Annual and Special Meeting of Shareholders (the "Meeting")
held yesterday in Toronto.
A total of 32,375,705 common shares, representing 69.76% of the
Company's issued and outstanding common shares, were voted in
connection with the Meeting. BSM shareholders voted in favour of all
items of business, including the election of each of the following
Mr. Frank Maw
Mr. Aly Rahemtulla
Mr. Pierre Bélanger
Mr. Greg Rokos
Mr. David Yach
The resolutions with respect to (i) the appointment of
PricewaterhouseCoopers LLP as the auditors, (ii) the authorization of
the directors of the Company to determine the discretionary size of the
board of directors of the Company, (iii) the approval of the Company's
First Amended and Restated Stock Option Plan, and (iv) the repeal of
the Company's previous By-Law No.2A and By-Law No.3 to be replaced in
their entirety by the new By-Law No.4, all as further described in the
Company management information circular dated April 21, 2014 (the "Circular"), were passed at the Meeting. In addition, the resolutions with
respect to the approval of the Company's 2014 Restricted Share Unit
Plan and the 2014 Deferred Share Unit Plan, as further described in the
Circular, were passed by disinterested BSM shareholders at the Meeting.
About BSM Technologies Inc. (bsmwireless.com)
BSM Technologies Inc., through its subsidiaries, is a leading provider
of remote monitoring, fleet tracking, fleet maintenance and a business intelligence engine providing real time web-based tracking of mobile and fixed assets. BSM provides solutions for commercial,
government, and law enforcement organizations who manage and operate
diverse assets and large fleets, and who seek to enhance customer
service, improve the safety of their drivers and vehicles, and lower business costs.
Neither 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. No
stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.
SOURCE BSM Technologies Inc.
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