UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2023
Commission File No. 001-39730
VISION MARINE TECHNOLOGIES INC.
(Translation of registrant’s name into English)
730 Boulevard du Curé-Boivin
Boisbriand, Québec, J7G 2A7, Canada
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) ¨
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ¨
The information contained in this Report on Form 6-K of Vision Marine
Technologies Inc., a Quebec corporation (the “Company”), except for the press release furnished herewith as Exhibit 99.1,
is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-267893) and Registration
Statement on Form S-8 (File No. 333-264089).
On September 8, 2023, the Board of Directors (the “Board”)
of the Company appointed Dr. Philippe Couillard as a member of the Board and as a member of the Audit Committee of the Board. On September
11, 2023, the Company published the press release furnished herewith as Exhibit 99.1 regarding the appointment of Dr. Couillard.
From 2014 to 2018, Dr. Couillard served as the 31st Premier (First
Minister) of Quebec. Prior to that, Dr. Couillard served as the Minister of Health for the province of Quebec from 2003 to 2008.
Dr. Couillard also served as a Member of the National Assembly from 2003 to 2008 and from 2013 to 2018. Dr. Couillard is currently a member
of various boards of directors, including the boards of the Atlantic Salmon Federation (2020-present); and Carebook Technologies Inc.
(2020-present) (TSX-V: CRBK.V). Dr. Couillard was previously a member of the board of directors of the Canadian Cancer Society (2019-2023).
Dr. Couillard began his career practicing neurosurgery internationally from 1985 to 2003. Dr. Couillard served as Chief Surgeon in the
Department of Neurosurgery at the Hôpital Saint-Luc in Montréal from 1989 to 1992 and was chairman of surgery at the University
of Sherbrooke from 1996 to 2003. Dr. Couillard also co-founded the Dhahran Department of Neurosurgery in Saudi Arabia, where he practiced
from 1992 to 1996. Dr. Couillard received his medical degree in 1979 and completed his specialty training in neurosurgery in 1985 at the
Université de Montréal.
Dr. Couillard was not selected as a director pursuant to any arrangement
or understanding between him and any other person. There are no family relationships between Dr. Couillard and the directors, nor between
Dr. Couillard and any executive officer, of the Company. Dr. Couillard is not a party to any transaction that would require disclosure
under Item 404(a) of Regulation S-K promulgated under the Securities Act of 1933, as amended.
Exhibits
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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VISION MARINE TECHNOLOGIES INC. |
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| Date: September 11, 2023 |
By: |
/s/ Kulwant Sandher |
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Name: |
Kulwant Sandher |
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Title: |
Chief Financial Officer |
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Exhibit 99.1
Vision Marine Technologies Appoints 31st
Premier of Quebec, Dr. Philippe Couillard,
to the Board of Directors
Montreal, Canada — September 11, 2023 — Vision Marine Technologies
Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a global leader and innovator within the performance electric
recreational boating industry, is pleased to announce the appointment of Dr. Philippe Couillard as an Independent Director to the Board
of Directors, effective immediately. Dr. Couillard brings a wealth of knowledge and a diverse range of experiences to his new role, and
he will be instrumental in guiding Vision Marine through its next phase of growth and innovation.
Dr. Couillard received his medical degree in 1979 and completed his
specialty training in neurosurgery in 1985 at the Université de Montréal. With over 20 years of distinguished medical practice
in Canada and abroad, Dr. Couillard has demonstrated a strong commitment to healthcare and public service.
Dr. Couillard previously served as the
Minister of Health for the province of Quebec from 2003 to 2008 and was the 31st Premier (First Minister) of Quebec from 2014 to 2018.
His unique career encompasses an impressive blend of prior experience with electrification
of transport, from public policy and business achievements, as
well as medical and academic, positioning him as a leading authority in multiple disciplines.
As an Independent Director, Dr. Couillard will provide invaluable insights
and strategic advice, particularly in areas that align with his extensive expertise in business, throughout North America and globally,
public policy, and international relations. His appointment is expected to fortify Vision Marine's governance and aid in its long-term
strategic initiatives. Dr. Couillard has also been appointed to the Audit Committee of the Board.
“We look forward to Dr. Couillard’s contributions to Vision
Marine, and his extraordinary blend of business experience, battery expertise, and political acumen positions him as an invaluable asset
in our mission to revolutionize the boating industry with electric power. This appointment is not merely a new chapter for our company;
it’s a pivotal moment that underscores our commitment to excellence, innovation, and social responsibility,” stated Alex Mongeon,
CEO of Vision Marine.
Dr. Couillard
stated, “My appreciation of Vision Marine’s potential for growth brought me to this role, and I look forward to sharing my
desire to contribute to value creation with other directors and management.”
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (Nasdaq: VMAR), strives to be a guiding
force for change and an ongoing driving factor in fighting the problems associated with waterway pollution by disrupting the traditional
boating industry with electric power, in turn directly contributing to zero pollution, zero emission and a noiseless environment. Our
Flagship E-Motion™ 180E electric marine powertrain is the first fully electric purpose-built outboard powertrain system that combines
an advanced battery pack, inverter, and high efficiency motor with proprietary union assembly between the transmission and the electric
motor design utilizing extensive control software. Our E-Motion™ and related technologies used in this powertrain system are uniquely
designed to improve the efficiency of the outboard powertrain and, as a result, enhance both range and performance. Vision Marine continues
to design, innovate, manufacture, and sell handcrafted, environmentally friendly, electric recreational boats to customers. The design
and technology applied to our boats results in far greater enhanced performance in general, higher speeds, and longer range. Simply stated,
a smoother ride than a traditional internal combustion engine (ICE) motorboat.
Forward-Looking Statements
Certain statements made in this press
release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,”
“expect,” “estimate,” “plan,” “outlook,” and “project” and other similar
expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking
statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, actual
results may differ materially from these expectations due to changes in global, regional, or local economic, business, competitive, market,
regulatory and other factors, many of which are outside of Vision Marine’s control. Important factors that could cause actual results
to differ materially from those in the forward-looking statements are set forth in Vision Marine’s Annual Report on Form 20-F,
filed with the U.S. Securities and Exchange Commission (SEC) for the year ended August 31, 2022, as such factors may be updated from
time to time in Vision Marine’s periodic filings with the SEC. Any forward-looking statement in this press release speaks only
as of the date of this release. Vision Marine undertakes no obligation to publicly update or review any forward-looking statement, whether
as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. https://visionmarinetechnologies.com.
For Immediate Release:
Investor and Company Contact: Bruce Nurse
303-919-2913 or bn@v-mti.com
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