Good morning and welcome to the SECURE Energy Services Incorporated Annual and Special Meeting of Shareholders. I'll now turn it over to SECURE's Chairman of the Board, Grant Billing. Please go ahead.
Thank you very much, and good morning, ladies and gentlemen. Welcome to the Annual and Special Meeting of the Shareholders of SECURE Energy Services. My name is Grant Billing, and I will act as chair of today's meeting. I'd like to welcome all the shareholders and guests joining us via live audio conference call today, and we thank our shareholders for submitting their votes via proxy in advance of the meeting.
This format will allow shareholders and guests to submit questions which we'll address at the end of the formal part of the meeting. Mr. Rene Amirault, President and CEO of SECURE, is also participating in today's meeting and be available to answer any submitted questions. The merger with Tervita Corporation was a major milestone for SECURE in 2021. It really provided the enhanced scale, utilization, efficiencies, and expanded services for SECURE's customers.
We would like to acknowledge and thank all the employees for their hard work and dedication to successfully integrate these two companies. Yesterday, we issued our Q1 results and held a conference call with senior management to discuss these results. The Q1 of 2022 represented another strong quarter of performance, and we are very pleased with the performance of the business.
Please see our website at www.secure-energy.com for more details. For our latest investor presentation, for replay of the investor conference call, and for investor relations contact details should you wish to speak to anyone. In order to efficiently cover the required business of the meeting, we have pre-arranged with certain shareholders to move and to second some of the motions of the business.
The meeting will now come to order, and with the consent of the meeting, I'll ask Michael Callihoo to act as the secretary and Jenna Kaye of Odyssey Trust Company to act as scrutineer. The scrutineers advise me that the required quorum is present, and accordingly, I am declaring that the meeting has been regularly called and is properly constituted for the transaction of business. Our first item of business relates to the audited financial statements for the year ended December 31, 2021. These financial statements have previously been provided to shareholders, and I will dispense with the reading of the statements in the audit report. I'd be pleased to receive any questions relating to the financial statements at the conclusion of the meeting.
We will now proceed with the election of directors. The directors have determined that the board shall consist of nine members to be voted on individually. I now declare the meeting open for nominations.
Mr. Chairman, I nominate each of Rene Amirault, Grant Billing, Mark Bly, Michael Kolodner, Brad Munro, Kevin Nugent, Sue Riddell Rose, Jay Thornton, and Deanna Zumwalt individually for election as directors of SECURE to hold office for the ensuing year.
As no additional nominations were received in accordance with the advance notice provisions of SECURE's bylaws, no additional nominees for election to SECURE's board of directors will be considered at this meeting. May I have a motion to elect each of these nominated as directors of SECURE?
Mr. Chairman, I move that each of the nine individuals nominated be elected as directors of SECURE.
Mr. Chairman, I second the motion.
Okay. I'd like to have the vote on this matter. Please dial star one on your telephone now.
As a reminder, if you are a registered shareholder and would like to vote on the matter, please press star one now.
Mr. Chairman, you can proceed.
Thank you. I'm advised by the scrutineer that the result of the vote is that each of Rene Amirault, Grant Billing, Mark Bly, Michael Kolodner, Brad Munro, Kevin Nugent, Sue Riddell Rose, Jay Thornton, and Deanna Zumwalt have been duly elected individually as a director of SECURE.
Our next item of business is the appointment of auditors, and I'd ask for a motion on this matter.
Mr. Chairman, I move that KPMG LLP chartered accountants be appointed auditors of SECURE to hold office until the next annual meeting of shareholders at such remuneration as may be fixed by the directors.
Mr. Chairman, I second the motion.
If there's any required votes, you would need to hit star one on your telephone.
Thank you. As a reminder, if you are a registered shareholder and would like to vote on the matter, please press star one on your telephone keypad.
Mr. Chairman, you are free to proceed.
Thank you. I'm advised by the scrutineer that the result of the vote is that KPMG LLP has been duly appointed as the auditors of SECURE to hold office until the next annual meeting of shareholders at such remuneration as may be fixed by the directors. The next item of business is the approval of all unallocated awards reserved for issuance under the corporation's Unit Incentive Plan. The full text of the ordinary resolution is set out on page 15 of the information circular pertaining to this meeting. May I have a motion to approve the resolution?
Mr. Chairman, I move that the ordinary resolution approving all unallocated awards reserved for issuance under the corporation's Unit Incentive Plan as set out in the information circular pertaining to this meeting be approved.
Mr. Chairman, I second the motion.
Thank you very much. I'm advised by the scrutineers that the motion has been duly carried and the resolution passed. Our final item of business is a non-binding shareholder advisory vote on the corporation's approach to executive compensation, commonly known as say on pay. The full text of the say on pay advisory resolution is set out on page 16 of the information circular pertaining to this meeting. May I have a motion to approve this?
Mr. Chairman, I move that the non-binding shareholder advisory resolution on the corporation's approach to executive compensation, as set out in the information circular pertaining to this meeting, be approved.
Mr. Chairman, I second the motion.
Thank you very much. I am advised by the scrutineers that the motion has been duly carried and the non-binding shareholder advisory resolution passed. As there is no further formal business to be brought before the meeting, may I please have a motion to terminate the formal portion of the meeting?
I move that the meeting terminate.
Mr. Chairman, I second the motion.
Opposed, if any? Carried. There being no opposition, I declare the meeting terminated. We will now move on to any questions with respect to our formal proceedings. If you have any questions, please touch star one on your telephone.
As a reminder, you can press star one on your telephone if you do have any questions.
Mr. Chairman, there are no questions at this time.
Thank you very much. I would like to thank all of the people who participated in the call and particularly thank management for organizing it and wish everybody a great day and a happy weekend. Thank you very much. Goodbye.
This now concludes the meeting. Thank you for joining us today for SECURE Energy's annual and special meeting of shareholders. Have a wonderful day.