VANCOUVER, British Columbia and BONHAM, Texas, June 02, 2023 (GLOBE NEWSWIRE) -- Kelso Technologies Inc. ("Kelso" or the "Company"), (TSX: KLS), (NYSE American: KIQ) is pleased to announce the detailed voting results from the Annual General Meeting held on June 1, 2023 (the "Meeting").
A total of 25,816,872 common shares of the 54,320,086 common shares outstanding at the record date were voted at the Meeting, representing 47.53% of the issued and outstanding common shares of the Company at the record date.
Election of Directors
Each of the following nominees set forth in the Company's management information circular dated April 19, 2023, was elected as a director of the Company to hold office until the next annual meeting of shareholders or until their successors are elected or appointed:
| Nominee | % Votes For | % Votes Withheld | ||
| James R. Bond | 70.81% | 29.19% | ||
| Anthony Andrukaitis | 79.75% | 20.25% | ||
| Paul Cass | 86.17% | 13.83% | ||
| Laura Roach | 82.53% | 17.47% | ||
| Jesse V. Crews | 86.65% | 13.35% | ||
| Frank Busch | 85.98% | 14.02% | ||
At the Meeting the shareholders also approved the reappointment of Smythe, LLP as the auditors of the Company, 93.49% For and 6.51% Withheld.
The shareholders also approved certain amendments to the incentive stock option plan of the Company, 57.23% For and 42.77% Against. The approval of the unallocated stock options issuable pursuant to the amended incentive stock option plan was not approved with 43.21% For and 56.79% Against.
After the Meeting the following officers were appointed:
James R. Bond - President and Chief Executive Officer
Richard Lee - Chief Financial Officer
Anthony Andrukaitis - Chief Operating Officer
Kathy Love - Corporate Secretary
Amanda Smith, Vice President Operations, Kelso Technologies (USA) Inc.
Patrick Hankey, Controller, Kelso Technologies (USA) Inc.
Chris Stewart, President, KIQ X Industries Ltd.
About Kelso Technologies
Kelso is a diverse product development company that specializes in the design, engineering, production and distribution of proprietary service equipment used in transportation applications. The Company's reputation has been earned as a designer and reliable supplier of unique high-quality rail tank car valve equipment that provides for the safe handling and containment of hazardous and non-hazardous commodities during transport. All Kelso products are specifically designed to provide economic and operational advantages to customers while reducing the potential effects of human error and environmental harm.
For a more complete business and financial profile of the Company, please view the Company's website at www.kelsotech.com and public documents posted under the Company's profile on www.sedar.com in Canada and on EDGAR at www.sec.gov in the United States.
On behalf of the Board of Directors,
James R. Bond, President and Chief Executive Officer
For further information, please contact:
| James R. Bond, President and CEO | Richard Lee, Chief Financial Officer | Corporate Address: |
| Email: bond@kelsotech.com | Email: lee@kelsotech.com | 13966 - 18B Avenue |
| South Surrey, BC V4A8J1 | ||
| www.kelsotech.com |
