VANCOUVER, BC, May 10, 2024 /CNW/ - Simply Better Brands Corp. (TSXV:SBBC) (OTCQB:PKANF) ("SBBC" or the "Company") is pleased to announce its nomination of and support for the election of Erica Groussman as an additional director of the Company. In addition, in order to allow shareholders of the Company to consider the appointment of Ms. Groussman, the board of directors of the Company has decided to postpone the annual general and special meeting of shareholders of the Company (the "Meeting") from May 15, 2024 to May 24, 2024 at 9:00 a.m. (Toronto time) at 60 Adelaide St. E, Suite 1000, Toronto, Ontario, M5C 3E4. Ms. Groussman is expected to be nominated for election at the Meeting.
Ms. Groussman is the co-founder and Chief Executive Officer of Tru Brands, Inc., a leading health and wellness brand specializing in nutritious food products which the Company acquired in March 2021. Since 2018, Ms. Groussman has led the expansion of Tru Brands, Inc. throughout retail stores in Canada and direct-to-consumer channels in the United States.
To add Ms. Groussman as an additional director nominee at the Meeting, it is anticipated that motions will be made to amend the resolutions put before the Meeting regarding (i) the fixing of the number of directors to be elected; and (ii) the director nominees to be elected at the Meeting. Shareholders wishing to vote with respect to the increase in the size of the board of directors and the election of Ms. Groussman should review the Company's management information circular dated March 29, 2024 in respect of the Meeting (the "Circular"), which is available on SEDAR+ at www.sedarplus.com so that they may attend and vote at the Meeting.
Additional InformationIn order to add Ms. Groussman as an additional director nominee at the Meeting, it is anticipated that a motion will be made at the Meeting to amend the resolution fixing the number of directors of the Company and that the Shareholders will be asked to consider and approve an ordinary resolution to fix the number of directors of the Company at six (6) directors, rather than five (5) directors as currently contemplated in the Circular. Management of the Company intends to rely on its discretionary authority granted in proxies currently being solicited in conjunction with the Circular to vote in favour of the resolution setting the number of directors to be elected at six (6).
In order to add Ms. Groussman as an additional director nominee at the Meeting, it is also anticipated that a motion will be made to add Ms. Groussman as an additional director nominee, in addition to those nominees as set out in the Circular.
The below sets forth certain additional information regarding Ms. Groussman:
Name, Municipality of Residence, Office & Age
Present Occupation and Position Held During the Last Five Years
Number and Percentage of common shares of the Company ("Common Shares") Held or Controlled as at the date hereof(1)
Erica Groussman
Miami Beach, Florida
Director Nominee
Age: 41
CEO of Tru Brands Inc. (a wellness company) since January 2018.
Director Since: Director nominee
Status: Not independent
Board Committees: None
Public Board Membership: None
3,880,000 (4.5 %)
Note:
(1) Percentages based on 84,490,904 Common Shares issued and outstanding as of the date hereof. ...
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