- Company also announces leadership
changes
TORONTO, June 19,
2024 /CNW/ - LifeSpeak Inc. ("LifeSpeak" or
the "Company") (TSX: LSPK), the leading whole-person
wellbeing solution for employers, health plans and other
organizations, today announced the results from its Annual General
and Special Meeting of Shareholders ("the Meeting") held on
Wednesday, June 19, 2024.
All seven nominees listed in the Company's management
information circular dated May 7,
2024, were duly elected as Directors of the Company, to hold
office until the next annual meeting of the shareholders, with the
following results:
Nominee
|
Votes
"For"
|
Percentage
|
Votes
"Against"
|
Percentage
|
Michael Held
|
37,457,236
|
99.893 %
|
39,981
|
0.107 %
|
Nolan
Bederman
|
37,448,236
|
99.869 %
|
48,981
|
0.131 %
|
Sanjiv
Samant
|
37,456,486
|
99.891 %
|
40,731
|
0.109 %
|
Caroline Starner
Dadras
|
37,454,729
|
99.887 %
|
42,488
|
0.113 %
|
Kevin Smith
|
37,451,229
|
99.877 %
|
45,988
|
0.123 %
|
Mario Di
Pietro
|
37,434,986
|
99.834 %
|
62,231
|
0.166 %
|
Rajesh
Uttamchandani
|
37,359,886
|
99.634 %
|
137,331
|
0.366 %
|
The complete biographies of the elected Directors and further
details about the Company's corporate governance practices are
available at www.LifeSpeak.com.
At the Meeting, MNP LLP was re-appointed as auditor of the
Company for the financial year ending on December 31, 2024, and the Directors are
authorized to fix their remuneration.
In addition, shareholders voted in favour of a resolution
approving the unallocated options under the Company's omnibus plan
as more particularly described in the management information
circular.
Shareholders also voted in favour (including on a disinterested
basis) of a resolution approving the full conversion amount under
the Company's outstanding convertible loan as more particularly
described in the management information circular.
LifeSpeak Announces Leadership
Changes
LifeSpeak also announced today that Britt Morries recently joined the Company as
Chief Technology Officer.
Mr. Morries has extensive technology leadership experience
including Senior Portfolio Manager at Aon, Chief Technology Officer
at Wellbeats, Chief Technology Officer and Chief Operations Officer
at Palomar, and most recently, Startup Solutions Architecture
Manager at Amazon Web Services.
Mr. Morries is responsible for leading the execution of
LifeSpeak's technology strategy. The strategy is focused on the
Company's whole-person wellbeing value proposition with foundations
in AI designed to enhance the utility and relevance of LifeSpeak's
services.
"We are excited about the impact Britt will have on our
engineering, infrastructure, and quality assurance teams," said
Michael Held, Chief Executive
Officer of LifeSpeak. "As well, we believe his addition
substantially strengthens our senior management group given his
deep background in technology leadership."
In addition, LifeSpeak announced today that Mike McKenna, Chief Financial Officer, departed
the Company on June 18, 2024,
to pursue other opportunities.
"On behalf of the Board of Directors, I would like to thank Mike
for his contribution to our going-public process, our acquisitions,
and his dedication to LifeSpeak," said Nolan Bederman, Executive Chair of the Company.
"We wish him the best of luck with all of his future
endeavors."
The Company has an executive search process underway and expects
to fill the permanent position of Chief Financial Officer in the
coming weeks.
In the interim, Bryan Slapack has
been appointed Interim Chief Financial Officer.
Mr. Slapack is an experienced executive with more than 12 years
of financial and industry experience, including more than two years
in senior roles at LifeSpeak. Most recently, he served as Vice
President of Finance with the Company, where he led the functional
areas of financial reporting and financial planning and analysis. A
CPA, CA, Mr. Slapack brings solid financial expertise to the role,
and deep familiarity with LifeSpeak's operations and capital
structure. Mr. Slapack holds a BBA in Accounting from the Schulich
School of Business at York
University.
About LifeSpeak Inc.
LifeSpeak is the leading whole-person wellbeing platform for
employers and other organizations that brings together digital
education with human support. Our suite of wellbeing products
allows organizations to provide best-in-class content and expertise
that scales, meeting each individual wherever they are on their
personal wellbeing journeys. As the parent company to LIFT Digital,
ALAViDA Health, Torchlight, and Wellbeats, LifeSpeak provides
in-depth expertise across mental health, wellness, physical
fitness, substance use, and caregiving. With more than 30 years of
collective experience working directly with Fortune 500 companies,
government agencies, insurance providers, and others across the
globe, we understand the complexities of addressing wellbeing
within organizations, which is why our digital and data-driven
approach provides insights that uncover gaps in wellbeing at the
organizational level, ultimately enhancing performance
outcomes.
To learn more, follow LifeSpeak on LinkedIn:
(http://www.linkedin.com/company/lifespeak-inc), or
visit www.LifeSpeak.com.
Forward-Looking
Information
This press release may include "forward-looking information"
within the meaning of applicable securities laws. Such
forward-looking information may include, but is not limited to,
information with respect to the amortization schedule and loan
repayments, the amount of senior indebtedness remaining, and the
receipt of de minimus amounts from confirmed subscribers. In some
cases, but not necessarily in all cases, forward-looking
information can be identified by the use of forward-looking
terminology and phrases such as "forecast", "target", "goal",
"may", "might", "will", "could", "expect", "anticipate",
"estimate", "intend", "plan", "indicate", "seek", "believe",
"predict", or "likely", or the negative of these terms, or other
similar expressions intended to identify forward-looking
information, including references to assumptions. In addition, any
statements that refer to expectations, intentions, projections or
other characterizations of future events or circumstances contain
forward-looking information. Statements containing forward-looking
information are not historical facts nor guarantees or assurances
of future performance but instead represent management's current
beliefs, expectations, estimates and projections regarding possible
future events, circumstances or performance.
Forward-looking information is necessarily based on a number of
opinions, estimates and assumptions that, while considered
reasonable by LifeSpeak as of the date of this release, is subject
to known and unknown risks, uncertainties, assumptions and other
factors that may cause the actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking information.
Important factors that could cause actual results to differ,
possibly materially, from those indicated by the forward-looking
information include, but are not limited to, general market
conditions, the Company's ability to meet its amortization schedule
in the future, decisions made by the Company's lenders, third party
reaction to the Private Placement, receipt of funds from the
remaining subscribers as well as the risk factors identified under
"Risk Factors" in LifeSpeak's annual information form for fiscal
year ended December 31, 2022 dated
March 31, 2023, and in other periodic
filings that LifeSpeak has made and may make in the future with the
securities commissions or similar regulatory authorities in
Canada, all of which are available
under LifeSpeak's SEDAR+ profile at www.sedarplus.com. These
factors are not intended to represent a complete list of the
factors that could affect LifeSpeak. However, such risk factors
should be considered carefully. There can be no assurance that such
estimates and assumptions will prove to be correct. You should not
place undue reliance on forward-looking information, which speak
only as of the date of this release. LifeSpeak undertakes no
obligation to publicly update any forward-looking information,
except as required by applicable securities laws.
SOURCE LifeSpeak Inc.