Route1's 2026 Annual Meeting Highlights Voting Impact

Route1 Inc. held its annual general meeting in Toronto. Approximately 16.1 million shares, representing 34% of their common stock, were represented at the event. The Board of Directors was set at four members, with Tony P. Busseri and John Marino receiving 58% support, while Peter F. Chodos and Michael D. Harris encountered more withheld votes.

MNP LLP was re-appointed as auditor with high endorsement but the Long-Term Incentive Plan (LTIP) failed to pass, receiving only 38% approval. ZenaTech Inc. exercised significant influence with 6.4 million votes, affecting key decisions. This defied previous proxy tabulations which had indicated majority support for both the LTIP and directors Chodos and Harris.

The discrepancy in shareholding disclosure by ZenaTech drew attention from Route1's Board, yet no conclusion of legal breach was reached. The Board will review the company's compensation strategies as they aim for continued growth in recurring revenue and market expansion.