NISKU, AB, July 3, 2018 /CNW/ - Hyduke Energy Services Inc.
("Hyduke" or the "Company") (TSX: HYD) announces the
results of its annual and special meeting of shareholders (the
"Meeting") and board of directors' (the "Board")
meeting held on June 29, 2018 in
Leduc, Alberta.
The Company wishes to thank outgoing directors for their service
to the Company. David Yager was a director since 2013 and
Chair of the Board since 2016. He has made substantial
contributions to the Company during his term by contributing his
industry knowledge and experience. Jesse
Gill served as a director of the Company during the past 15
months. The Company expresses its sincere gratitude to Mr.
Yager and Mr. Gill for all of their work.
The Company is also pleased to announce that Vahan Kololian was elected as a director of the
Company at the Meeting. Mr. Kololian is the founder and
Managing Partner of TerraNova Partners LP, which invests in the
industrial and industrial services sectors. The Board has appointed
Jane Halford, an independent
director since June 2015, as Chair of
the Board and continuing Chair of the Audit Committee, Willi Hamm as Chair of the Health and Safety
Committee and Mr. Kololian as Chair of the Compensation and
Corporate Governance Committee. In the coming months, the
Board will commence a search to add up to two new independent
directors to the Board.
The results of the ballot with respect to the election of the
four continuing directors at the Meeting was as follows:
Director
Nominee
|
Votes
For
|
Votes
Withheld
|
Patrick F.
Ross
|
26,789,798
(98.57%)
|
389,155
(1.43%)
|
Jane
Halford
|
26,909,753
(99.01%)
|
267,700
(0.99%)
|
Willi Hamm
|
26,934,253
(99.10%)
|
244,700
(0.90%)
|
Vahan
Kololian
|
27,048,953
(99.52%)
|
130,000
(0.48%)
|
The results of all the matters considered at the Meeting are
disclosed in the Report of Voting Results filed on SEDAR at
www.sedar.com on July 3, 2018.
The management team, with the support of the Board, is
conducting a review of Hyduke's divisions in an effort to
streamline operations, reduce costs and promote the value we bring
to customers.
About Hyduke
Trading on the TSX under the symbol
"HYD," Hyduke Energy Services Inc. is a supplier of equipment and
services to the oil and gas drilling and well servicing
industry.
SOURCE Hyduke Energy Services Inc.