Business
Rocky Mountain Liquor Announces Upcoming Board Changes
EDMONTON, AB / ACCESSWIRE / March 18, 2024 / Rocky Mountain Liquor Inc. (TSX-V: RUM ) (the " Com...
About this update from Rocky Mountain Liquor Inc.
[{"type":"text","content":"Rocky Mountain Liquor Announces Upcoming Board ChangesEDMONTON, AB / ACCESSWIRE / March 18, 2024 / Rocky Mountain Liquor Inc. (TSX-V:RUM) (the \"Company\" or \"Rocky Mountain\"), listed on the TSX Venture Exchange, today announced that Christopher Queitsch and David Delaney, two nominees of Camac Partners, LLC (\"CP\") and Camac Fund, LP (together with CP, the \"Camac Parties\"), and Peter Byrne and Allison Radford, two nominees of Peter Byrne, Joan Byrne and Byrne Alberta Ltd. (together with Mr. Peter Byrne and Ms. Joan Byrne, the \"Byrne Parties\") will stand for election to the Company's board of directors (the \"Board\") at the Company's 2024 annual general meeting of shareholders (the \"Meeting\").Furthermore, the Camac Parties and the Byrne Parties have agreed to vote for the management nominees put forward by the Company at the Meeting, which will also include Ms. Courtney Burton and Mr. Eugene Coleman, (collectively, the \"2024 Nominees\") as well as other customary voting and standstill provisions. In order to accommodate the addition of Mr. Queitsch and Mr. Delaney, the Board will seek shareholder approval to fix the size of the board at six (6) at the Meeting. Robert Normandeau will retire from the board and will not stand for re-election as a director at the Meeting. Mr. Normandeau has been a director of the Company since its inception in 2007. Executive Chairman and Acting CEO Peter Byrne states, \"We extend our deepest gratitude to Rob for his remarkable dedication and invaluable contributions as a board director over the past seventeen years. His unwavering commitment and insightful guidance have significantly enriched our organization's success. Rob's leadership and expertise have consistently added immense value, and we are grateful for his commitment.\"Additional details on the management nominees and Meeting will be made available on SEDAR+ in due course.Early Warning Requirements - Camac PartiesAt the time of this news release, CP, on behalf of Camac Fund, LP as its investment fund manager, beneficially owns, or exercises control or direction over, 9,137,000 common shares (\"Common Shares\") of Rocky Mountain, representing approximately 19.1% of the Company's issued and outstanding Common Shares. No acquisition or disposition of securities triggered the requirement to file this press release.On March 18, 2024...