TORONTO, ONTARIO--(Marketwired - April 19, 2017) - Firan Technology Group Corporation (TSX:FTG)
("FTG" or the "Corporation") today announced the results of its annual general meeting of
shareholders ("AGM"), held in Toronto, Ontario on April 18, 2017. The Corporation is pleased to report that
each of the director nominees listed in its management information circular dated March 13, 2017 were elected as directors of
FTG. The directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed
results of the vote for the election of directors of FTG are set out below.
Each of the following six director nominees proposed by management was elected as a director of FTG:
Nominee |
Votes
For |
% Votes
For |
|
Votes
Withheld |
% Votes
Withheld |
|
Mike L. Andrade |
11,890,827 |
90.14 |
% |
1,300,127 |
9.86 |
% |
Robert J. Beutel |
13,055,627 |
98.97 |
% |
135,327 |
1.03 |
% |
Bradley C. Bourne |
13,189,727 |
99.99 |
% |
1,227 |
0.01 |
% |
Edward C. Hanna |
13,055,627 |
98.97 |
% |
135,327 |
1.03 |
% |
Raymond G. Harris |
13,055,127 |
98.97 |
% |
135,827 |
1.03 |
% |
David F. Masotti |
13,053,227 |
98.96 |
% |
137,727 |
1.04 |
% |
In addition, at the AGM, the shareholders also approved appointing BDO Canada LLP, Chartered Professional Accountants, as the
Corporation's auditor and authorizing the directors to fix the auditor's remuneration. For more information on these
matters, please refer to FTG's management information circular dated March 13, 2017, available on SEDAR at www.sedar.com.
ABOUT FIRAN TECHNOLOGY GROUP CORPORATION
FTG is an aerospace and defense electronics product and subsystem supplier to customers around the globe. FTG has two
operating units:
FTG Circuits is a manufacturer of high technology, high reliability printed circuit boards. Our
customers are leaders in the aviation, defense, and high technology industries. FTG Circuits has operations in Toronto,
Ontario, Chatsworth, California, Hudson, New Hampshire and a joint venture in Tianjin, China.
FTG Aerospace manufactures illuminated cockpit panels, keyboards and sub-assemblies for original equipment manufacturers of
aerospace and defense equipment. FTG Aerospace has operations in Toronto, Ontario, Chatsworth, California, Fort Worth, Texas
and Tianjin, China.
The Corporation's shares are traded on the Toronto Stock Exchange under the symbol FTG.
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements. These forward-looking statements are related to, but not
limited to, FTG's operations, anticipated financial performance, business prospects and strategies. Forward-looking information
typically contains words such as "anticipate", "believe", "expect", "plan" or similar words suggesting future outcomes. Such
statements are based on the current expectations of management of the Corporation and inherently involve numerous risks and
uncertainties, known and unknown, including economic factors and the Corporation's industry, generally. The preceding list is not
exhaustive of all possible factors. Such forward-looking statements are not guarantees of future performance and actual events
and results could differ materially from those expressed or implied by forward-looking statements made by the Corporation. The
reader is cautioned to consider these and other factors carefully when making decisions with respect to the Corporation and not
place undue reliance on forward-looking statements. Other than as may be required by law, FTG disclaims any intention or
obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or
otherwise.
Additional information can be found at the Corporation's website www.ftgcorp.com.