Latest news with #shareholderMeeting
CNN
10-07-2025
- Automotive
- CNN
Tesla - finally - announces when it will face its shareholders
Tesla finally announced the date of its annual meeting, after dozens of angry shareholders asked what was taking it so long. A group of Tesla shareholders Wednesday sent a letter to the company demanding it schedule an annual meeting, as legally required. On Thursday, Tesla did just that, setting a date for November 6. But that date is four months beyond the legal deadline for its next shareholder meeting. Texas law, where the company is incorporated, requires annual meetings every 13 months. The shareholder letter this week, which includes some Democratic officials who oversee public pension funds holding Tesla shares, had pointed out this deadline, demanding the company set a date. 'This delay is particularly troubling in light of the growing investor scrutiny Tesla faces,' the letter said. The disagreement with shareholders over a setting a meeting date - a typical exercise at thousands of companies - underscores the trouble Tesla is in, with even longtime Wall Street fans expressing concerns about the company's direction and its controversial CEO, Elon Musk. 'We believe this is a tipping point in the Tesla story and ultimately the Tesla board needs to act now and set the ground rules for Musk going forward around his political ambitions and actions,' Wedbush Securities Dan Ives wrote in a note to clients Tuesday. Such meetings give shareholders the at least the theoritical opportunity to speak directly with the board and CEO Elon Musk. Among the many problems facing Tesla: the worst sales declines in the company's history, plunging profits and stock prices, and upcoming changes to US incentives for electric vehicles that could cost the company billions. And of course, backlash to Musk's political activities and previous connection to President Donald Trump causing lasting brand damage. The filing by Tesla Thursday did not give a reason for the meeting delay and the company did not respond to a request for comment. One of the signatories, New York City Comptroller Brad Lander, said the announcement of the November meeting is not enough to satisfy the group's concerns. 'Tesla's announcement of its annual shareholder meeting is a welcome, if belated, recognition that the rule of law applies to everyone – even the world's richest man and his company,' Lander said in a statement to CNN. 'The basic rules of corporate governance rules are not optional; they are fundamental protections for shareholders and public markets. Together with other long-term investors, we will remain vigilant and hold Tesla accountable to shareholders.' Annual meetings give shareholders relatively little power to confront a company's executives. Shareholders can ask questions, but those getting the chance to ask can be controlled by the company. Tesla allows individual shareholders to post questions for management during their earnings calls, but controls which questions will be asked during the call itself. Typically, the tougher questions are not chosen. Shareholders do have the option of waging proxy battles to try and set corporate policy or replace board members, but those are expensive and generally unsuccessful efforts. Tesla shareholders have demonstrated strong support for Musk in the past, although that was before he stoked many of the past year's controversies, such as much of his political involvement. At the June 2024 annual meeting, shareholders voted 84% in favor of restoring a massive 2018 pay package for Musk, which had been previously thrown out by a Delaware court. The court subsequently voided the pay package. Tesla is appealing that decision.
Yahoo
30-06-2025
- Business
- Yahoo
Nuvau Announces Voting Results of Its Annual and Special Meeting of Shareholders and Announces the Appointment of Steven Bowles as Chair of the Board
Toronto, Ontario--(Newsfile Corp. - June 30, 2025) - Nuvau Minerals Inc. (TSXV: NMC) (the "Company" or "Nuvau") is pleased to announce the results of its annual and special meeting of shareholders of the Company (the "Meeting") held on June 26, 2025. A total of 18,122,588 common shares of the Company ("Common Shares") were represented, in person or by proxy, at the Meeting, representing approximately 35.5% of the total issued and outstanding common shares as of the record date of the Meeting. All matters presented for shareholder approval at the Meeting were overwhelmingly approved as follows: Peter van Alphen, Ewan Downie, Fariah Mir, Christina McCarthy, Michael Vitton and Steven Bowles were each re-elected as directors of the Company for the ensuing year; Ernst & Young LLP was re-appointed as auditor of the Company for the ensuing year and the directors of the Company have been authorized to fix their remuneration; and the Company's omnibus equity incentive plan was re-approved by shareholders in accordance with the policies of the TSX Venture Exchange (the "Omnibus Plan"). The Omnibus Plan was last adopted by shareholders of the Company on August 29, 2024. The Omnibus Plan is a fixed 10% plan and provides for the grant of options, restricted share units, performance share units and deferred share units. The aggregate maximum number of Common Shares reserved for issuance pursuant to the Omnibus Plan is 5,109,999 Common Shares (less any Common Shares reserved for issuance under outstanding awards and under other security-based compensation arrangements of the Company). The Omnibus Plan has received conditional acceptance from the TSX Venture Exchange. In addition, and further to the Company's commitment to growing its business within Quebec, the Company is pleased to announce the appointment of Quebec based Steven Bowles as Chair of the board of the directors of the Company effective as of June 27, 2025. Steven Bowles has extensive experience in the Mining & Metals sector, encompassing private equity, private credit, M&A, and projects/operations management. He currently serves as Managing Director at Nebari Partners. Prior to this role, he held the position of Senior Director of investment in natural resources and energy within Investment Quebec's private equity group. For more details regarding the matters presented at the Meeting, please refer to the management information circular dated May 26, 2025, which is accessible on SEDAR+ ( under the Company's issuer profile and on the Company's website at About Nuvau Minerals Inc. Nuvau is a Canadian mining company focused on the Abitibi Region of Québec. Nuvau's principal asset is the Matagami Property that is host to significant existing processing infrastructure and multiple mineral deposits and is being acquired from Glencore. For more information go to our website For further information please contact: Nuvau Minerals van AlphenPresident and CEOTelephone: 416-525-6023Email: pvanalphen@ Cautionary Statement on Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the Company's ability to complete the earn-in to acquire the Matagami Property; the Matagami Property holding multiple mineral deposits; and the significance of existing infrastructure at the Matagami Property. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's public disclosure record on SEDAR+ ( under the Company's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. To view the source version of this press release, please visit
Globe and Mail
25-06-2025
- Business
- Globe and Mail
Clip Money Inc. Announces Results of Voting at Annual Meeting of Shareholders
TORONTO, June 25, 2025 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) (' Clip Money ' or the 'Company '), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce the results of voting at its annual meeting of shareholders held on June 25, 2025 (the ' Meeting '). Each of the five nominees listed in the management information circular dated May 7, 2025 (the ' Circular ') prepared in connection with the Meeting were elected as directors of the Company. The Company received proxies and virtual votes at the Meeting as set out below: Joseph Arrage 51,288,231 100.00% 0 0.00% Stuart Mackinnon 51,283,141 99.99% 5,090 0.01% Don Layden, Jr. 51,283,141 99.99% 5,090 0.01% Peter Dorsman 51,283,141 99.99% 5,090 0.01% John Desmond 51,283,141 99.99% 5,090 0.01% The ordinary resolution approving the appointment of MNP LLP as the Company's auditors until the close of the next annual meeting of the Shareholders or until its successor is appointed, was passed by 100.00% of the votes represented at the Meeting. Furthermore, the ordinary resolution re-approving the Company's Amended and Restated Omnibus Equity Incentive Plan, as described in the Circular, was passed by 99.99% of the votes represented at the Meeting. Details of the voting results on all matters considered at the Meeting are available in the Company's report of voting results, which is available under Clip Money's profile on SEDAR+ at About Clip Money Inc. Clip operates a multi-bank self-service deposit system for businesses through the Clip Money network that gives users the capability of making deposits outside of their bank branch at top retailers and shopping malls. Rather than having to go to their personal bank branch or using a cash pickup service, businesses can deposit their cash at any ClipDrop Box or ClipATM located near them. After being deposited, the funds will automatically be credited to the business' bank account, usually within one business day. The Company combines functional hardware, an intuitive mobile app and an innovative cloud-based transaction engine that maximizes business-banking transactions. Combined with mobile user applications, Clip offers a cost-effective and convenient solution for business banking deposits in metropolitan statistical areas across Canada and the United States. For more information about the Company, visit For further information, please contact:
Japan Times
16-06-2025
- Business
- Japan Times
Taiyo to decide on delisting as early as August, president says
Taiyo Holdings will decide on proposals from several private equity funds — and whether to delist — after a shareholder meeting this month in which its president, Eiji Sato, is likely to face a vote on his ouster. The Japanese chemical manufacturer will decide on the proposals in August at the earliest, Sato said in an interview. The company is reviewing formal proposals for capital alliances, including privatization, from fewer than five private equity funds, and a special committee is examining whether the acquisition terms are fair, he said. Taiyo is set to hold its annual shareholders' meeting on Saturday, and the conference may become heated. DIC, the company's largest stockholder and capital alliance partner, has said it intends to vote against the reappointment of Sato as a board director. It cited insufficient responses from Sato and the board of directors to various proposals, including delisting, as the reason behind its decision. "We were not informed of DIC's announcement and were surprised,' Sato said. He said that the formal privatization proposals were received in February and were presented in a timely manner. It was reported in May that Taiyo received acquisition proposals from U.S. investment fund KKR and the Japan Industrial Promotion Organization. At least one of the plans was to delist the company through a tender offer at a premium. Taiyo's market value has climbed about ¥50 billion ($347 million) to around ¥350 billion in about two weeks since the plans were reported. The proposals come as Japanese companies face pressure from the Tokyo Stock Exchange to boost their value to stay listed. DIC, which holds about 19% of Taiyo's shares, isn't alone in seeking Sato's departure at the shareholders' meeting. Oasis Management, a Hong Kong-based hedge fund with about an 11% stake, is also opposed to his reappointment, citing governance issues. Taiyo's founding family, which is estimated to hold about 10% of the shares, has also solidified its intention to vote against Sato staying on as a director, according to a report by Tokyo Shoko Research. In effect, this is an unusual situation in which the top three shareholders have all expressed opposition to the president staying on. Sato said that while he expects more acquisition proposals in the future, Taiyo will suspend consideration of any new proposals until after the shareholders' meeting due to the current situation.
Bloomberg
13-06-2025
- Business
- Bloomberg
Taiyo to Decide on Delisting as Early as August, President Says
Taiyo Holdings Co. will decide on proposals from several private equity funds to delist it after a shareholder meeting this month, where its president is likely to face a vote on his ouster. The Japanese chemical manufacturer will decide on the proposals in August at the earliest, Eiji Sato said in an interview. The company is reviewing formal proposals for capital alliances, including privatization, from fewer than five private equity funds, and a special committee is examining whether the acquisition terms are fair, he said.
