DEFSEC Technologies Inc. Announces AGM Results

DEFSEC Technologies (TSXV: DFSC; NASDAQ: DFSC) reported results from its 2026 Annual and Special Meeting held February 19, 2026.

Rhea-AI Summary

DEFSEC Technologies (TSXV: DFSC; NASDAQ: DFSC) reported results from its 2026 Annual and Special Meeting held February 19, 2026. Shareholders approved setting the Board at seven directors, elected all director nominees, appointed MNP LLP as auditor, and approved the Company's amended long term incentive plan.

Resolutions were adopted as detailed in the Company's amended and restated management information circular dated January 14, 2026. Contact information for CFO Jennifer Welsh, CEO Sean Homuth and Investor Relations Jason Frame was provided.

Argus Feb 24 session

+2.70% close to close Open Argus

Details

News Market Reaction – DFSC

In the Feb 24 session, DFSC gained 2.70%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details routine AGM outcomes: shareholders confirmed a seven‑member board, elected...

Analysis

This announcement details routine AGM outcomes: shareholders confirmed a seven‑member board, elected directors, reappointed the auditor, and approved an amended long term incentive plan. Combined with recent filings and earnings updates, it underscores ongoing work on governance, capital access via an effective Form F-3, and incentive alignment. Investors may focus on how this governance structure supports execution of growth plans and management’s response to previously disclosed going‑concern risks.

Key Figures

Board size: 7 directors AGM date: February 19, 2026 Circular date: January 14, 2026 +1 more

Board size

7 directors

Number of directors set at AGM 2026

AGM date

February 19, 2026

2026 Annual and Special Meeting date

Circular date

January 14, 2026

Amended and restated management information circular

Investor relations phone

+1 (587) 225-2599

AGM results contact information

Historical Context

5 past events · Latest: Feb 12

5 events

1. Feb 12

   Q1 2026 earnings

   24h Move

   -5.8%

   Strong revenue growth and improved profitability metrics versus prior year.

2. Feb 02

   Executive appointment

   24h Move

   +0.5%

   Appointment of Senior VP and Chief Legal Officer to support growth.

3. Jan 30

   Restated statements

   24h Move

   +0.5%

   Lease-accounting restatement with no impact on loss or equity.

4. Jan 23

   Board expansion

   24h Move

   +2.7%

   New director added and board size increased from six to seven.

5. Dec 29

   FY2025 results

   24h Move

   -3.9%

   FY2025 revenue up sharply with improved operating loss and 2026 outlook.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

long term incentive plan

1 terms

long term incentive plan financial

"Approving the Company's amended long term incentive plan."

A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Ottawa, Ontario--(Newsfile Corp. - February 23, 2026) - DEFSEC Technologies Inc. (TSXV: DFSC) (TSXV: DFSC.WT.U) (NASDAQ: DFSC) (NASDAQ: DFSCW) ("DEFSEC" or the "Company") today announced the results of its 2026 Annual and Special Meeting of shareholders held on Thursday, February 19, 2026.

Shareholders approved all the resolutions detailed in the amended and restated management information circular of the Company dated January 14, 2026, namely:

• To set the number of Directors at seven;
• Electing all the nominees to the Board of Directors of the Company;
• Appointing MNP LLP as auditor of the Company for the ensuing year and authorizing the directors to determine the auditor's compensation; and
• Approving the Company's amended long term incentive plan.

For further information, please contact:

Jennifer Welsh, Chief Financial Officer and Chief Compliance Officer
welsh@defsectec.com

Sean Homuth, President and Chief Executive Officer
homuth@defsectec.com

Jason Frame, Investor Relations
+1 (587) 225-2599
frame@defsectec.com

About DEFSEC

DEFSEC (TSXV: DFSC) (TSXV: DFSC.WT.U) (NASDAQ: DFSC) (NASDAQ: DFSCSW) (FSE: 62UA) develops and commercializes breakthrough next-generation tactical systems for military and security forces. The company's current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users' smart devices and weapons. Other DEFSEC products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with TAK. The company also has a new proprietary less-lethal product line branded PARA SHOT^TM with applications across all segments of the non-lethal market, including law enforcement. The Company is headquartered in Ottawa, Canada.

For more information, please visit https://www.defsectec.com

Neither the TSX Venture Exchange nor its respective 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 news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285006

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did DEFSEC (DFSC) shareholders approve at the February 19, 2026 AGM?

Shareholders approved setting the Board at seven directors and elected all nominees. According to DEFSEC, they also appointed MNP LLP as auditor and approved an amended long term incentive plan as described in the January 14, 2026 circular.

Who was appointed auditor for DEFSEC (DFSC) at the 2026 Annual Meeting?

MNP LLP was appointed as DEFSEC's auditor for the ensuing year. According to DEFSEC, directors were authorized to determine the auditor's compensation following the appointment at the February 19, 2026 meeting.

What change to the board size did DEFSEC (DFSC) shareholders vote on in 2026?

Shareholders voted to set the number of directors at seven for DEFSEC's board. According to DEFSEC, this resolution was approved at the Annual and Special Meeting held February 19, 2026.

Did DEFSEC (DFSC) approve changes to its long term incentive plan at the 2026 AGM?

Yes, shareholders approved the Company's amended long term incentive plan at the February 19, 2026 meeting. According to DEFSEC, the amendment was included in the amended and restated management information circular dated January 14, 2026.

How can investors contact DEFSEC (DFSC) for more information after the 2026 AGM?

Investors can contact CFO Jennifer Welsh, CEO Sean Homuth, or Investor Relations Jason Frame via the provided email addresses and phone number. According to DEFSEC, contact details were included in the meeting announcement.