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Sensio Technologies Inc SNIOF

Sensio Technologies Inc develops and markets stereoscopic technologies for consumer electronics, digital broadcasting and digital cinema markets.


GREY:SNIOF - Post by User

Bullboard Posts
Post by Sailor99on Dec 30, 2013 10:34am
310 Views
Post# 22044911

Out with the old

Out with the old
hopefully welcome the nw.
As per Caisse`s demands an almost new Board will emerge.

++++++++++++++++++++++++++++++++++++++++++++++++++

 

Sensio Technologies to reduce board to five members

2013-12-30 08:40 ET - News Release

 

Mr. Nicholas Routhier reports

SENSIO FILES ITS PROXY CIRCULAR FOR ITS ANNUAL MEETING AND GIVES INFORMATION CONCERNING THE RENEWAL OF THE BOARD OF DIRECTORS

Sensio Technologies Inc. has filed its proxy circular for its annual meeting of Jan. 24, 2014, with the Canadian securities regulatory authorities through SEDAR. It is proposed that the number of directors of the company be reduced from eight to five, and that the board be composed of four independent directors, and the president and chief executive officer, instead of six independent directors and two officers, to reflect the governance requirements of the company in regard to its size and its operations. The proxy circular provides information on the proposed candidates for the election of the board of directors following the evolution of 3DGO! and the new content distribution activities of the company. For the purpose of continuity, the company recommends the candidacy of Yvan Goineau, current chairman of the audit committee, who, in the event of his election, would be reappointed as chairman of the audit committee. In this context and with the exception of Mr. Goineau, the current independent directors of the company have decided to step down in order to let new candidates take over.

"First, I would like to thank all my fellow directors, who served the interests of the company with integrity, diligence and dedication for all these years," said Jacques Malo, current chairman of the board of directors of the company. "I would like to congratulate them for the commitment and hard work they have shown all these years, especially over the last two years, to maintain our company on track in a sometimes harsh financial and commercial environment. We are proud to have been able to contribute to the development of a company that holds 14 patents recognized internationally, commercial agreements with leading players in the electronics market, a content distribution platform in the United States and agreements with the biggest Hollywood studios. We are confident that this is an excellent base to allow the emergence of Sensio. I would like to express my gratitude to the outgoing directors, Mr. St-Pierre, Mr. McDonald, Mr. Harrison and Mr. Laberge. I fundamentally believe that we are nominating excellent new candidates for the 2014 cohort. They will help the development the company in its new operational context. "

If elected, it is anticipated that Georges Karam would replace Mr. Malo as chairman of the board.

For a number of years, Mr. Karam has been investing in emerging companies based in Canada and abroad. In 2003, Mr. Karam co-founded Atelka Inc., a company specializing in managing client contacts, which employs 2,500 people in seven cities across three continents and serves a worldwide clientele, where he acts as the chief executive officer, and as such, manages the operations and sees to the development of the company. In 2005, Mr. Karam was awarded a Fleche d'Or from l'Association du marketing relationnel and in 2012, he won the prestigious Entrepreneur of the Year award in the business-to-business products and services category awarded by Ernst & Young. He is an investor in Anges Quebec, guest speaker at the renowned Ecole d'Entrepreneurship de Beauce and also contributes to several philanthropic causes.

To complete the independent directors, the following two new candidates are recommended:

 

  • Yann Paquet: Mr. Paquet has nearly 20 years of experience in the media industry. Since February, 2013, he has been the vice-president of acquisitions at Contenu QMI. In this role, he is responsible for the acquisition of content for all TV channels and video on demand platforms for Quebecor Media. Mr. Paquet was previously the vice-president of multiplatform content at Videotron. He also was the vice-president of digital media and strategic partnerships at Reader's Digest, and principal director of new media for the French network of CBC/Radio-Canada.
  • Mathieu Peloquin: Mr. Peloquin has more than 15 years of experience as an expert in management and marketing, and is the principal vice-president of marketing and communications at Stingray Digital. In this role, he is responsible for marketing strategy and communications for different product lines. Previously, Mr. Peloquin was vice-president of marketing for TC Media and vice-president of digital marketing solutions. He also held different executive positions at Reader's Digest Canada and co-founded Services Marketing Equinox. Mr. Peloquin holds a bachelor of business administration from the School of Management of Universite du Quebec a Montreal, and is also a chartered public accountant and a certified management accountant.

 

The board is in favour of the establishment of a new method of remuneration for directors, which will enable the company to use its funds for the development of 3DGO!.

"On behalf of Sensio, I would like to express my sincerest appreciation to the outgoing directors for their contribution to the development of the company over the last few years," said Nicholas Routhier, president and chief executive officer of the company. "I would like to highlight the contribution of Mr. Jacques Malo, who is at the forefront of the board since the early years of the company. On behalf of Sensio and myself, I would like to thank him for his unwavering support of the company and for his invaluable contribution within the board. His support has been crucial to the growth of our company and we thank him for the trust he has shown towards a young visionary company, trust without which we would not have been able to start this company nor make this company an industry leader. "





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