Zoomd Technologies Announces Results of Annual and Special Meeting of Shareholders, Re-Electing All Members of the Board of Directors

Rhea-AI Summary

Zoomd Technologies (TSXV: ZOMD, OTC: ZMDTF) held its annual and special meeting of shareholders on February 20, 2025, where shareholders re-elected all board members: Amit Bohensky, Amnon Argaman, Darryl Cardey, Ofer Eitan, and Avigur Zmora. The meeting also approved the re-appointment of Brightman Almagor Zohar & Co as auditors with 99.489% of votes.

Shareholders approved a new omnibus equity incentive plan with 94.399% of votes, including 75.198% of disinterested votes. The plan reserves 15,799,954 common shares (16% of outstanding shares) for issuance, maintaining the same limit as the 2020 plan while adding RSU issuance capability and a cashless exercise option.

Zoomd, established in 2012 and listed on TSX Venture Exchange since 2019, operates a mobile app user-acquisition platform that integrates with global digital media outlets, offering advertisers a unified campaign management solution.

Positive

• Unanimous re-election of all board members indicates strong shareholder confidence
• High approval rate (99.489%) for auditor appointment shows strong shareholder support
• New equity incentive plan approved with 94.399% of votes, maintaining 16% share reserve

Negative

• None.

TORONTO, Feb. 20, 2025 /PRNewswire/ -- Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) and its wholly-owned subsidiary Zoomd Ltd. (collectively, "Zoomd" or the "Company"), the online advertising management platform, announced today the results of its annual and special meeting of shareholders (the "Meeting") that was held via teleconference on February 20, 2025. At the Meeting, shareholders re-elected Amit Bohensky, Amnon Argaman, Darryl Cardey, Ofer Eitan and Avigur Zmora as directors. Based on proxies received by Zoomd prior to the Meeting, votes were cast as follows:

Nominee	% of Votes  For
Amit Bohensky	94.407 %
Ofer Eitan	99.566 %
Amnon Argaman	99.569 %
Darryl Cardey	99.571 %
Avigur Zmora	99.569 %

 

In addition, the Company reports that an ordinary resolution approving the re-appointment of Brightman Almagor Zohar & Co as the auditors of Zoomd and to authorize the directors to fix the auditor's remuneration was passed by 99.489% of the votes represented at the Meeting.

Lastly, the Company reports that the resolution to approve its new omnibus equity incentive plan was passed by 94.399% of the votes represented at the Meeting, including 75.198% of the disinterested votes represented at the Meeting. Pursuant to the new omnibus equity incentive plan, the Company has reserved a maximum number of 15,799,954 common shares for issuance thereunder, being approximately 16% of the issued and outstanding common shares of the Company as of the date hereof. The Company's fixed stock option plan that was approved by its shareholders in 2020 also contained a 16% limit on the number of common shares that can be issued thereunder – the reason that the Company has amended the 2020 plan was to primarily add the ability for the Company to issue RSUs and to include a cashless exercise option thereunder.

The Company's full report of voting results on matters presented at the Meeting can be found at www.sedarplus.com. 

ABOUT ZOOMD:

Zoomd (TSXV: ZOMD, OTC: ZMDTF), established in 2012 and listed on the TSX Venture Exchange since September 2019, provides an innovative mobile app user-acquisition platform that integrates with numerous global digital media outlets. This platform presents a unified view of multiple media sources, thereby serving as a comprehensive user acquisition control center for advertisers. It streamlines campaign management through a single point of contact, simplifying customer acquisition efforts. The consolidation of media sources onto one platform enables Zoomd to offer advertisers substantial savings by reducing the need for disparate data source integration, enhancing data collection and insights, and minimizing resource expenditure.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Company Media Contacts:

Amit Bohensky
Chairman
Zoomd
ir@zoomd.com 

Website: www.zoomd.com 

Investor Relations:

Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
ZOMD@lythampartners.com 

Logo - https://mma.prnewswire.com/media/1039696/Zoomd_Logo.jpg

 

 

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SOURCE Zoomd Technologies Ltd.

FAQ

What was the outcome of Zoomd Technologies (ZMDTF) February 2025 shareholder meeting?

All board members were re-elected, the auditors were re-appointed with 99.489% approval, and a new omnibus equity incentive plan was approved with 94.399% of votes.

How many shares are reserved under Zoomd's (ZMDTF) new equity incentive plan?

The new plan reserves 15,799,954 common shares, representing approximately 16% of the company's issued and outstanding common shares.

What changes were made to Zoomd's (ZMDTF) equity incentive plan compared to 2020?

The new plan maintains the 16% share limit but adds the ability to issue RSUs and includes a cashless exercise option.

Who are the re-elected board members of Zoomd Technologies (ZMDTF)?

The re-elected board members are Amit Bohensky, Amnon Argaman, Darryl Cardey, Ofer Eitan, and Avigur Zmora.