Business
American Aires Inc. Announces Resignation of Director and Update on Annual General Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - September 18, 2025) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) (the "Company") today announced that Mr. Dimitry Serov ("Mr. Serov") has resigned from the Board of Directors (the "Board") and advised that he will not be standing for re-election at the upcoming annual general meeting of shareholders (the "AGM"), scheduled for Thursday, September 18, 2025.As previously disclosed in the Company's press release dated August 29, 2025, the Special Committee of.
About this update from American Aires, Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - September 18, 2025) - American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) (the "Company") today announced that Mr. Dimitry Serov ("Mr. Serov") has resigned from the Board of Directors (the "Board") and advised that he will not be standing for re-election at the upcoming annual general meeting of shareholders (the "AGM"), scheduled for Thursday, September 18, 2025.","length":437,"tagName":"p"},{"type":"text","content":"As previously disclosed in the Company's press release dated August 29, 2025, the Special Committee of the Board made certain determinations regarding Mr. Serov's conduct in his role as a director and officer. In light of those determinations, the Board had already concluded it could no longer support Mr. Serov's nomination for re-election. Mr. Serov's decision to resign has pre-empted the need for the Board to postpone the AGM or take additional steps to address Mr. Serov's nomination, thereby allowing the meeting to proceed as scheduled in the ordinary course. The Board considers his resignation to be in the best interests of the Company and its shareholders.","length":689,"tagName":"p"},{"type":"text","content":"At this time, the Company does not intend to appoint a new director to replace Mr. Serov. Following his departure, the Board and Audit Committee will be comprised of Drew Green (Chairman and Independent Director), Josh Bruni (Director), and Jamie Cochrane (Independent Director). All proxies submitted in favour of the predecessor Board will be voted to elect the reconstituted Board. For more information on the AGM, please refer to the Company's management information circular filed on SEDAR+ and dated August 6, 2025.","length":525,"tagName":"p"},{"type":"text","content":"The Board remains firmly committed to ensuring accountability, upholding strong governance practices, and maintaining transparency with all stakeholders.","length":153,"tagName":"p"},{"type":"text","content":"The Company will continue to update shareholders and the market as material developments arise.","length":95,"tagName":"p"},{"type":"text","content":"Company Contact:","length":16,"tagName":"p"},{"type":"text","content":"Josh Bruni, CEOWebsite: www.investors.airestech.comEmail: [email protected]: (415) 707-0102","length":104,"tagN...