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COMPREHENSIVE HEALTHCARE SYSTEMS, INC. ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
COMPREHENSIVE HEALTHCARE SYSTEMS, INC. ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF...
About this update from Comprehensive Healthcare Systems Inc
[{"type":"text","content":"\n \n \n \n COMPREHENSIVE HEALTHCARE SYSTEMS, INC. ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS\n \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 Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Aug. 31, 2023\n \n \n /CNW/ - Comprehensive Healthcare Systems, Inc. (TSXV: CHS) (\"\n \n CHS\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that all matters submitted to shareholders for approval as set out in detail in the Company's management information circular (the \"\n \n Circular\n \n \") dated\n \n August 1, 2023\n \n , were approved at the annual and special meeting of shareholders of the Company held on\n \n August 30, 2023\n \n (the \"\n \n Meeting\n \n \").\n \n \n The resolutions at the Meeting consisted of the following: (1) setting the number of directors at five; (2) election of all director nominees,\n \n Chris Cosgrove\n \n ,\n \n Vikas Ranjan\n \n ,\n \n Mariam Cather\n \n ,\n \n Amit Dutta\n \n , and Siddhartha Gautam Mohanty to the board of directors of the Company; (3) appointment of McGovern Hurley LLP as auditor of the Company for the ensuing year and authorizing the directors to fix its remuneration; (4) disinterested shareholder approval of a new 10% rolling equity incentive plan (as further detailed below) (the \"\n \n Incentive Plan\n \n \"); and (5) the approval of adoption of a new form of by-laws and repealing of the current by-laws.\n \n \n At the Meeting, 42,689,153 common shares in the capital of the Company (the \"\n \n Shares\n \n \") were voted representing 34.42% of the outstanding Shares of the Company. All resolutions received the requisite shareholder approval.\n \n \n The Incentive Plan will be effective\n \n August 30, 2023\n \n , replaces the Company's previous stock option plan, and allows option holders to exercise options on a \"Cashless Exercise\" or \"Net Exercise\" basis (as permitted by TSX Venture Exchange Policy 4.4 -\n \n Security Based Compensation\n \n ). In addition, the Incentive Plan will provide for the flexibility to grant equity-based incentive...