North American mortgage and real estate technology firm Voxtur Analytics kept its board intact and set the number of members at four on Friday following
The group, which laid claim to 19.3% of the company's common shares, had attempted to "reconstitute" the board with nominees who would address its concerns about the company's financial performance and what they claimed was a lack of U.S. mortgage expertise.
"Shareholder democracy is a critical tenet of our capital markets system, and shareholders' voices have been heard," said Gary Yeoman, chairman and interim CEO at Voxtur Analytics, in a press release issued late Friday afternoon.
Yeoman, Michael Harris, Ray Williams and Allan Bezanson garnered 99% or more of the votes for each seat. Harris is a senior business advisor in the corporate/commercial and government relations and ethics group at Fasken. Williams has served as managing director and vice chairman in the financial markets division at National Bank Financial. Bezanson is a managing partner at Cornerstone Capital.
Known members of the dissident shareholder group, which called itself Voxtur Shareholders for Accountability, had included a
Other nominees included Al Qureshi, president of
Voxtur took a 5.73 million net loss in Canadian dollars in the first quarter, and it's been trading as a penny stock in the over-the-counter market. Its stock ended the day up slightly but was still trading at under $1 per share at deadline, according to
