CALGARY, ALBERTA--(Marketwired - May 22, 2014) - Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF)
("Pulse" or the "Company") announced today the voting results from its annual meeting held in Calgary, Alberta on May 21, 2014. Each of the nominee directors listed in the Company's management proxy circular dated March 31, 2014 was elected as a director, with a vote being conducted by ballot:
| Name of Nominee |
Votes For |
% |
Votes Withheld |
% |
| Peter Burnham |
34,659,213 |
99.89 |
39,696 |
0.11 |
| Daphne Corbett |
34,639,863 |
99.83 |
59,046 |
0.17 |
| Karen El-Tawil |
34,654,207 |
99.87 |
46,702 |
0.13 |
| Brent Gale |
34,652,431 |
99.87 |
44,478 |
0.13 |
| Robert Robotti |
33,888,190 |
97.66 |
810,719 |
2.34 |
| Clark Zentner |
34,658,681 |
99.88 |
40,228 |
0.12 |
The "Say on Pay" shareholder advisory vote on Pulse's approach to executive compensation was also approved by approximately 95% of the votes cast.
With the retirement of Graham Weir from the Board, effective May 21, 2014, the Board includes a new independent director, Mrs. Karen El-Tawil.
"On behalf of the Board of Directors, I am very pleased to welcome Mrs. El-Tawil to our Board and look forward to her contributions to Pulse's goal of creating long-term shareholder value," said Robert Robotti, Chair of Pulse's Board. "Mrs. El-Tawil has over 30 years' experience in the geophysical services industry, 15 of which were spent at the executive level. She brings a wealth of management experience in all aspects of the seismic data library business, and we are looking forward to her contributions as a new independent director."
Mr. Weir has been a director of Pulse since 2002, including Chair of the Board from 2007 to 2013. The Company and the Board of Directors would like to thank Mr. Weir for his extensive contributions and guidance during his 12 years of service and wish him all the best in the future.
CORPORATE PROFILE
Pulse is a market leader in the acquisition, marketing and licensing of 2D and 3D seismic data to the western Canadian energy sector. Pulse owns the second-largest licensable seismic data library in Canada, currently consisting of approximately 28,300 square kilometres of 3D seismic and 340,000 kilometres of 2D seismic. The library extensively covers the Western Canada Sedimentary Basin where most of Canada's oil and natural gas exploration and development occur.