EX-99.1 2 tm2410127d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1 

 

QUIPT HOME MEDICAL ANNOUNCES VOTING RESULTS FROM ITS ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

 

Cincinnati, Ohio – March 28, 2024 –‎ Quipt Home Medical Corp. (the “Company”) (NASDAQ: QIPT) (TSX: QIPT)‎, a U.S. based home medical equipment provider, focused on end-to-end respiratory care, today announced the voting results from its annual general and special meeting of shareholders held on March 27, 2024 (the “Meeting”) in Wilder, Kentucky. The total number of shares represented in person or by proxy at the Meeting was 25,432,699, representing 60.4% of the total issued and outstanding shares in the capital of the Company.

 

Election of Directors

 

The four candidates nominated for election to the Company’s Board of Directors (the “Board”) and listed in the Company’s management information and proxy circular dated February 14, 2024 (the “Circular”), were elected by at least a majority of the shareholders present in person or represented by proxy at the Meeting. The voting results are as follows:

 

Name  Votes For  % For  Votes Withheld  % Withheld
Gregory Crawford  17,767,804  77.74%  5,088,933  22.26%
Mark Greenberg  17,425,384  76.24%  5,431,353  23.76%
Kevin Carter  20,217,074  88.45%  2,639,663  11.55%
Brian Wessel  20,239,145  88.55%  2,617,592  11.45%

 

Appointment of Auditors

 

The Company’s shareholders have approved the re-appointment of BDO USA, P.C. as the auditor of the Company for the fiscal year ended December 31, 2024 and authorized the Board to fix the auditor’s remuneration.

 

Approval of the 2024 Equity Incentive Plan

 

The Company’s shareholders have approved the 2024 Equity Incentive Plan of the Company (the “Incentive Plan”), ‎pursuant to which the Company is able to issue share-based long-term incentives. All directors, officers, employees ‎and service providers of the Company and/or its affiliates ‎‎are eligible to receive awards under the Incentive Plan, subject to the ‎terms of the Incentive Plan. Awards include common share purchase options, stock appreciation rights, restricted share awards, restricted share bonuses, restricted share units, performance shares, performance units, cash-based awards, and other share-based awards under the Incentive Plan. ‎‎A copy of the Incentive Plan is attached as Schedule “A” to the Circular. As a result of the ‎adoption of the Incentive Plan, no future awards or grants will be made under the ‎Company’s current equity incentive ‎plan, which became effective on May 3, 2021.

 

A report of voting results describing each of the matters voted upon at the Meeting has been filed on SEDAR+ under the Company’s issuer profile at www.sedarplus.ca.

 

ABOUT QUIPT HOME MEDICAL CORP.‎

 

The Company provides in-home monitoring and disease management services including end-to-end respiratory ‎solutions for patients in the United States healthcare market. It seeks to continue to expand its offerings to include ‎the management of several chronic disease states focusing on patients with heart or pulmonary disease, sleep ‎disorders, reduced mobility and other chronic health conditions. The primary business objective of the Company is ‎to create shareholder value by offering a broader range of services to patients in need of in-home monitoring and ‎chronic disease management. The Company’s organic growth strategy is to increase annual revenue per patient by ‎offering multiple services to the same patient, consolidating the patient’s services and making life easier for the ‎patient.‎

 

 

 

 

For further information please visit our website at www.quipthomemedical.com, or contact:‎

 

Cole Stevens 

VP of Corporate Development 

Quipt Home Medical Corp. 

‎859-300-6455 

cole.stevens@myquipt.com

 

Gregory Crawford 

Chief Executive Officer 

Quipt Home Medical Corp. 

‎859-300-6455 

investorinfo@myquipt.com