Business
DEFSEC Technologies Strengthens Board with New Appointment and Provides Shareholder Meeting Update
Ottawa, Ontario--(Newsfile Corp. - January 23, 2026) - DEFSEC Technologies Inc. (TSXV: DFSC) (TSX...
About this update from Defsec Technologies Inc.
[{"type":"text","content":"DEFSEC Technologies Strengthens Board with New Appointment and Provides Shareholder Meeting UpdateOttawa, Ontario--(Newsfile Corp. - January 23, 2026) - DEFSEC Technologies Inc. (TSXV: DFSC) (TSXV: DFSC.WT.U) (NASDAQ: DFSC) (NASDAQ: DFSCW)(\"DEFSEC\" or the \"Company\") is pleased to announce that it has augmented its board team with a strong new appointment.Niel Marotta has been appointed as a member of the board, effective January 23, 2026. He brings extensive capital markets experience with emerging companies, and currently serves as Chief Executive Officer of Sun Summit Minerals Corp. (TSXV: SMN). Niel is an accomplished executive with an exceptional track record of leadership, investment expertise, and entrepreneurial success. Prior to joining Sun Summit Minerals, he was a top-performing fund manager at Fidelity Management and Research Company (FMR Co.) in Boston, where he managed over $1 billion across multiple industries, including the Fidelity Select Gold Portfolio, a precious metals equity focussed fund. Mr. Marotta also served as Vice President of Orezone Resources, playing a key role in its $350 million acquisition by Iamgold in 2009. He has worked as an investment banker and entrepreneur and has been involved with financings and M&A transactions exceeding $1 billion. He was also the co-founder and CEO of Indiva Limited. Mr. Marotta holds a Bachelor of Commerce with Distinction from McGill University.\"We're delighted to welcome Niel to the DEFSEC team,\" said Sean Homuth, President and CEO. \"Fiscal 2025 was a year of very strong growth in revenue momentum and we anticipate continued growth through Fiscal 2026, making this the right time to add exceptional talent and capacity for the many opportunities ahead.\"Amended Management Information CircularThe Company previously filed a management information circular dated January 5, 2026 (the \"Original Circular\") and form of proxy (the \"Original Proxy\") in connection with its annual and special meeting of shareholders (the \"Meeting\") to be held on February 12, 2026. As a result of the recent addition of Mr. Marotta to the board of directors as noted above, the Company will be filing an amended and restated notice of the annual and special meeting of shareholders, to be held on February 19, 2026, and a related amended and restated management information circular (...