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Atlas Engineered Products Announces Results of Annual General Meeting
Atlas Engineered Products Announces Results of Annual General Meeting Canada NewsW...
About this update from Atlas Engineered Products Ltd.
[{"type":"text","content":"\n\n\n\nAtlas Engineered Products Announces Results of Annual General Meeting\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nNANAIMO, BC, Dec. 21, 2018\n\n\n\nNANAIMO, BC, Dec. 21, 2018 /CNW/ - ATLAS ENGINEERED PRODUCTS LTD. (\"Atlas\" or the \"Company\") (TSX-V: AEP, OTC Markets: APEUF) a leading supplier of trusses, engineered wood products and building components, is pleased to announce the results of the annual general meeting of its shareholders held on December 14, 2018.\nAt the meeting, shareholders voted in favour of fixing the number of directors at five (5), and for the re-election of all of the incumbent directors standing for re-election: Dirk Maritz, Mohammad Hadi Abassi, Don Hubbard, Greg Smith and Kevin Smith.  Shareholders also voted in favour of appointing PricewaterhouseCoopers as Atlas' auditors for the next year, and re-approved Atlas' rolling 10% stock option plan.  \n\"Atlas has is one short year acquired Atlas Truss & Coastal Windows in British Columbia, Clinton Truss, Satellite Truss & Tandelle-Pacer in Ontario, whilst also targeting closing the previously announced Manitoba, South Central Building Systems Company in early 2019,\" said Dirk Maritz, CEO & President of Atlas.  \"Our efforts are focused on integrating these businesses to the Atlas stable and realizing cost  synergies via operational excellence, in line with our acquisition strategy. This, together with the asset quality acquired, will enable us to focus on maximizing shareholder value through organic initiatives, such as improved market penetration by capitalizing upon Atlas' buying power.\"  \nMr. Maritz continued, \"To this effect, and in collaboration with our Board of Directors, we decided to reduce the members on the Boards to 5 directors. This allows to us the confidence to focus on selective contracts that are value added, thus accelerating productivity through margin accretive engagements.  We are confident that this priority shift for the organization, whilst continuing to grow our acquisition pipeline, will ...