PowerBank Corporation filed an 8-K-equivalent press release on October 30, 2026, reporting the voting results from its Annual General Meeting held October 29, 2026, in Toronto, Ontario, at which five director nominees were elected and shareholders approved additional resolutions.

Key Highlights

  • All five nominees elected: Dr. Richard Lu, Matthew Wayrynen, Paul Pasalic, Paul Sparkes, and Chelsea Nickles were each elected as directors of PowerBank Corporation.
  • Highest vote share: Dr. Richard Lu received 8,313,344 votes in favour, representing 99.35% of votes cast, the highest percentage among the five nominees.
  • Deloitte LLP appointed: Shareholders voted in favour of appointing Deloitte LLP as the company's auditors.
  • Share consolidation approved: A special resolution approving an amendment to the company's articles to consolidate its issued and outstanding shares was passed, with the specific consolidation ratio to be determined by the directors.
  • Meeting circular dated September 23, 2026: The nominees were those listed in the management information circular of that date.

PowerBank 2026 Annual General Meeting: Director Vote Tallies and Resolutions

According to the filing, PowerBank Corporation (NASDAQ:PBK) held its 2026 Annual General Meeting on October 29, 2026, in Toronto, Ontario. All five nominees listed in the management information circular dated September 23, 2026 were elected as directors. Dr. Richard Lu led the vote with 8,313,344 votes in favour (99.35%) and 54,333 withheld (0.65%). Paul Pasalic received 8,304,084 votes for (99.24%) and 63,593 withheld (0.76%).

The filing further reported that Chelsea Nickles received 8,298,066 votes in favour (99.17%) and 69,611 withheld (0.83%). Matthew Wayrynen received 8,282,459 votes for (98.98%) and 85,218 withheld (1.02%), while Paul Sparkes received 8,281,775 votes for (98.97%) and 85,902 withheld (1.03%), the lowest percentage among the five but still representing a substantial majority, according to the filing.

Beyond the director elections, the company disclosed that shareholders at the meeting also voted in favour of appointing Deloitte LLP as auditors. Additionally, shareholders approved a special resolution to amend the company's articles to allow a consolidation of its issued and outstanding shares on a ratio to be determined by the directors, as set out in the Circular. The filing contains forward-looking statements that, as the company noted, "should not be unduly relied upon" and are subject to risks and uncertainties described in the company's most recently completed Annual Information Form and other public filings.

What Was Disclosed

PowerBank Corporation reported the results of its October 29, 2026 Annual General Meeting, covering the election of five directors with individual vote tallies, the appointment of Deloitte LLP as auditors, and shareholder approval of a special resolution permitting a share consolidation at a director-determined ratio.