Mattr Announces Amendment to Director Nominee Slate for Its Annual Meeting
Rhea-AI Summary
Mattr (OTC:MTTRF) announced that director Marvin Riley will not stand for re-election at the Annual Meeting of Shareholders on May 14, 2026 for personal reasons. The company amended its management information circular and proxy to reduce the number of directors to be elected from seven to six, and votes cast for Mr. Riley will be disregarded. Mr. Riley's term ends at the meeting conclusion. The Board said it will consider board size and whether to appoint an additional member after the AGM. Proxy materials are available on SEDAR+ and the company's website.
Positive
- Board will review size and potential appointment after the AGM
- Proxy materials updated and filed on SEDAR+ and company website
Negative
- Board reduced from seven to six directors for the May 14, 2026 AGM
- Any votes cast for Marvin Riley will be disregarded
News Market Reaction – MTTRF
In the May 1 session, MTTRF gained 1.31%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO, April 30, 2026 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced today that, for personal reasons, Marvin Riley, will not be standing for re-election to the Board of Directors at the Company’s upcoming Annual Meeting of Shareholders to be held on May 14, 2026 (the “AGM”).
“Marvin has been a valued contributor to the Board of Directors since he was elected to the board in May 2024, bringing sound judgment and thoughtful challenge to every discussion,” said Kevin Nugent, Chair of the Board. “On behalf of the Board, I thank him for his leadership and perspective over the past two years and wish him all the best.”
The Company has filed amendments to each of its 2026 Management Information Circular and the related Proxy (the “Amendments”) to reflect Mr. Riley’s decision not to stand for re-election to the Board and to reduce the number of directors to be elected at the AGM from seven to six. Mr. Riley’s term as director will expire at the conclusion of the AGM.
The Board will consider the size of the Board and whether to appoint an additional Board member following the AGM.
The Amendments are available on SEDAR+ at www.sedarplus.ca and the Company’s website at Proxy Materials & Annual Financials | Mattr. Shareholders will continue to be able to cast their votes for the matters to be considered at the AGM using the proxies and voting information forms previously distributed to shareholders. However, any votes cast for Mr. Riley’s election will be disregarded.
About Mattr
Mattr is a growth-oriented, global materials technology company serving critical infrastructure markets, including electrification, transportation, mining, energy, communication, and water management. Its two business segments, Connection Technologies and Composite Technologies, enable responsible renewal and enhancement of critical infrastructure.
For further information, please contact:
Meghan MacEachern
VP, Investor Relations & External Communications
Telephone: 437.341.1848
Email: meghan.maceachern@mattr.com
Website: www.mattr.com
Source: Mattr Corp.
