Pivotree Inc. Announces Results from its Annual and Special Meeting of Shareholders

Rhea-AI Summary

Pivotree (TSXV:PVT) held its annual and special meeting of shareholders on June 25, 2025, where all proposed resolutions were successfully passed. The company elected eight directors and appointed BDO Canada LLP as its auditor.

The company announced new equity incentive grants including 720,000 stock options at an exercise price of $1.23 per share for executive officers, vesting over three years. Additionally, 182,735 deferred share units (DSUs) were granted to non-executive officers, vesting through June 30, 2026.

TORONTO, ONTARIO / ACCESS Newswire / July 2, 2025 / Pivotree Inc. (TSXV:PVT) ("Pivotree"), a leading provider of frictionless commerce solutions and services, announced today the results of its annual and special meeting of shareholders held on June 25, 2025 (the "Meeting"). All of the resolutions proposed, as set out in the Company's management information circular dated May 2, 2025 (the "Management Information Circular"), were duly passed by the shareholders of the Company and ratified at the Meeting.

Each of the eight (8) nominees listed in the Management Information Circular of the Company was elected as a Director of the Company for the ensuing year: Ashlee Aldridge, Brian Beattie, Scott Bryan, William Di Nardo, Sarah Joyce, Vernon Lobo, Patrick Meneley and William Morris.

In addition, the resolution to appoint BDO Canada LLP as auditor of the Company for the ensuing year at a remuneration to be fixed by the Board of Directors was approved. The ordinary resolution to approve the omnibus equity incentive plan (the "Incentive Plan") and the amended employee share purchase plan (the "ESP Plan") of the Company were also approved.

Annual Grant of Incentive Plan Awards

Pivotree also announced that it will grant as of July 1, 2025 an aggregate of 720,000 stock options (each, an "Option") to certain executive officers of the Company pursuant to the Incentive Plan. The Options bear an exercise price of $1.23 per share, vest over a period of three years from the date of grant and will expire 10 years from the date of grant.

The Company granted an aggregate of 182,735 deferred share units (each an "DSU") to certain non-executive officers of the Company in respect of their services to the Company for the ensuing 12 months from July 1, 2025 to June 30, 2026 pursuant to the Plan. The DSUs vest on a prorated basis during the period of services to the Company, and fully vest by June 30, 2026. The DSUs may be settled, at the option of the Company, in cash or common shares of the Company, or a combination of cash and common shares, upon the applicable director ceasing to be a director of the Company.

A summary of the Incentive Plan is provided in the Management Information Circular, which is available on the Company's profile on SEDAR+ at www.sedarplus.ca.

About Pivotree

Pivotree, a leader in frictionless commerce, strategizes, designs, builds, and manages digital Commerce, Data Management, and Supply Chain solutions for over 150 major retailers and branded manufacturers globally. With a portfolio of digital products as well as managed and professional services, Pivotree provides businesses of all sizes with true end-to-end solutions. Headquartered in Toronto, Canada, with offices and customers in the Americas, EMEA, and APAC, Pivotree is widely recognized for its partnership with top brands across industries. For more information, visit www.pivotree.com or follow us on LinkedIn.

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.

For further information, please contact:

Mo Ashoor, Chief Financial Officer
investor@pivotree.com
613-714-4702

SOURCE: Pivotree

View the original press release on ACCESS Newswire

FAQ

What were the key decisions made at Pivotree's (TSXV:PVT) 2025 annual meeting?

At the meeting, shareholders approved the election of eight directors, appointed BDO Canada LLP as auditor, and approved the company's omnibus equity incentive plan and amended employee share purchase plan.

How many stock options did Pivotree grant to executives in July 2025?

Pivotree granted 720,000 stock options to executive officers at an exercise price of $1.23 per share, vesting over three years and expiring after 10 years.

What are the terms of Pivotree's 2025 DSU grants to non-executive officers?

Pivotree granted 182,735 DSUs to non-executive officers, which vest proportionally through June 30, 2026 and can be settled in cash, common shares, or a combination upon the director's departure.

Who are the newly elected directors of Pivotree for 2025-2026?

The eight elected directors are Ashlee Aldridge, Brian Beattie, Scott Bryan, William Di Nardo, Sarah Joyce, Vernon Lobo, Patrick Meneley and William Morris.