TORONTO, Dec. 20, 2013 /CNW/ - GAR Limited ("GAR" or the "Company") announces that its Annual General and Special Meeting of Shareholders was held on Friday, December 20, 2013 at 10:00am EST.
Shareholders voted in favour of the special resolution approving the increase of the size of the Board of Directors from three (3) to seven (7) for the Corporation. The following individuals were elected to serve as directors of GAR for the ensuing year: John Rapski, Walter Krystia, George Mara, Wm. Andrew Campbell, Robert Pengelly, Gary Cripps and Dennis Lafreniere.
Shareholders approved that McCarney Greenwood LLP, Chartered Accountants serve as auditors of GAR for the ensuing year.
Resolutions approving the new general By-Law No. 1 and the 2013 Stock Option Plan of the Corporation were also approved.
The shareholders further approved a special resolution relating to various debt settlements to insiders of GAR.
All material from the Annual General and Special Meeting of Shareholders including GAR's audited annual financial statements and latest quarterly financial statements are available on SEDAR at www.sedar.com and at www.garlimited.ca.
The Board of Directors of GAR has ratified the appointment of John Rapski as President and Chief Executive Officer and Wm. Andrew Campbell as Chief Financial Officer and appointed Gary Cripps as Corporate Secretary.
SOURCE: GAR Limited
For further information:
President and Chief Executive Officer
T: (705) 642.3376
E: [email protected]