Bri-Chem Corp. Reports Voting Results of Annual General and Special Meeting of Shareholders Held September 16, 2025

Rhea-AI Summary

Bri-Chem Corp. (BRYFF) held its Annual General and Special Meeting on September 16, 2025, in Edmonton, Alberta. The meeting saw strong shareholder participation with 77.05% of outstanding shares represented. Shareholders approved key resolutions including: setting the Board size at four directors (99.96% approval), electing four directors with 65.28% support each, appointing Kingston Ross Pasnak LLP as auditors (99.98% approval), and approving an advance notice by-law (99.87% approval).

All four director nominees - Barry Hugghins, John H. Cale, William Colby Swain, and Scott Gaudin - received identical voting results, with 34.72% of votes withheld, indicating some shareholder concerns with the board composition.

Positive

• High shareholder participation rate of 77.05% at the annual meeting
• Strong approval rates for corporate governance measures, all above 99%

Negative

• Significant withhold votes of 34.72% for all director nominees, suggesting shareholder dissatisfaction with board composition

Edmonton, Alberta--(Newsfile Corp. - September 16, 2025) - The Annual General and Special Meeting of the shareholders of Bri-Chem Corp. (the "Corporation") was held in Edmonton, Alberta, Canada on Tuesday September 16, 2025 at 12:00 pm at Courtyard Edmonton West, 10011 184 St NW. Shareholders representing 20,367,078 common shares were represented at the meeting in person or by proxy, representing 77.05% of the 26,432,981 issued and outstanding common shares as of the record date on July 18, 2025.

MATTERS VOTED ON:

1. By resolution passed via motion to approve and seconded that the number of Board of Directors of the Corporation be set at four directors to hold office until the next annual general meeting of shareholders. The vote was conducted by a show of hands. Management received proxies from shareholders to vote for the resolution as follows:

	For	% For	Against	% Against
Set Number of Directors at 4	20,358,578	99.96	8,500	0.04

 

2. By resolution passed via motion to nominate and seconded, the following four director nominees of the Corporation, proposed by shareholders, were elected as Directors of the Corporation to hold office until the next annual meeting of shareholders or until their successors are elected or appointed. The vote was conducted by a show of hands. Management received proxies from shareholders to vote for the resolution as follows:

Director	For	% For	Withheld	% Withheld
Barry Hugghins	13,296,490	65.28	7,070,588	34.72
John H. Cale	13,296,490	65.28	7,070,588	34.72
William Colby Swain	13,296,490	65.28	7,070,588	34.72
Scott Gaudin	13,296,490	65.28	7,070,588	34.72

 

3. By resolution passed via motion to nominate and seconded that Kingston Ross Pasnak LLP, Chartered Professional Accountants of Edmonton, Alberta, be appointed as auditors of the Corporation to hold office until the next annual general meeting of shareholders. The vote was conducted by a show of hands. Management received proxies from shareholders to vote for the resolution as follows:

	For	% For	Withheld	% Withheld
Appointment of Auditors	20,362,078	99.98	5,000	0.02

 

4. By resolution passed via motion to approve and seconded that the Corporations advance notice by-law. The vote was conducted by a show of hands. Management received proxies from shareholders to vote for the resolution as follows:

	For	% For	Against	% Against
Advance Notice By-Law	20,341,078	99.87	26,000	0.13

For further information, please contact:

Tony Pagnucco CPA, CA
Bri-Chem Corp.
CFO
T: (780) 571-8587
E: tpagnucco@brichem.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266782

FAQ

What were the voting results for Bri-Chem Corp's (BRYFF) 2025 Annual General Meeting?

Shareholders approved setting the board at 4 directors (99.96%), elected all director nominees (65.28% support each), appointed Kingston Ross Pasnak LLP as auditors (99.98%), and approved an advance notice by-law (99.87%).

How many shareholders participated in Bri-Chem's 2025 AGM?

Shareholders representing 20,367,078 shares (77.05% of outstanding shares) participated in the meeting either in person or by proxy.

Who are the elected directors of Bri-Chem Corp (BRYFF) following the 2025 AGM?

The elected directors are Barry Hugghins, John H. Cale, William Colby Swain, and Scott Gaudin, each receiving 65.28% of votes in favor.

What was the level of opposition to Bri-Chem's director nominees in the 2025 election?

All four director nominees received 34.72% withheld votes, indicating significant shareholder opposition to the board composition.