DEFSEC Technologies is calling an annual and special shareholder meeting for February 19, 2026 in Ottawa, with listen-only access via Microsoft Teams. Shareholders of record on January 2, 2026 can vote in person or by proxy under Canadian notice-and-access rules.
The meeting will present audited financial statements, ask shareholders to reappoint MNP LLP as auditor, set the board size at seven, and elect a slate of directors, including new nominees James Yersh and Niel Marotta. Existing proxies from the earlier circular will automatically vote FOR a seven‑member board and FOR Marotta’s election unless changed.
Shareholders are also being asked to approve an amended Long‑Term Incentive Plan, which allows stock options up to 10% of outstanding shares and other share-based awards up to about 199,362 shares. The circular details governance, director independence, and an executive pay program that delivered about $2.8 million to named executives and directors in fiscal 2025 versus $1.5 million in 2024, driven partly by performance bonuses.
DEFSEC Technologies has issued a management information circular for its annual and special shareholder meeting on February 12, 2026. Shareholders will vote on appointing MNP LLP as auditor, setting the board at six directors (including first-time election of director James Yersh), and approving an amended Long-Term Incentive Plan (LTIP).
The LTIP is a “rolling up to 10% and fixed up to 10%” equity plan that allows stock options up to 10% of outstanding shares and up to approximately 199,362 common shares for other share-based awards as of its effective date. The circular also details executive pay: total compensation for named executives and directors was $2.8 million for the year ended September 30, 2025, compared with $1.5 million in 2024, including sizable cash bonuses for the Chair, CEO, COO, and former interim CFO.