GetSwift announces temporary change in its board of directors

NEW YORK–(BUSINESS WIRE)–GetSwift Technologies Limited (“GetSwift” or the “Corporation“;NEO: “GSW”), announces that Carl Mogridge, one of the Corporation’s independent directors, resigned on April 18, 2022.

As a result of the vacancy created by the resignation of Mr. Mogridge, the Corporation’s Board of Directors appointed Mr. Joel Macdonald as an interim member of the Audit Committee to serve until the Corporation’s next annual meeting. of shareholders or October 18, 2022, unless he is previously replaced by a successor (the “interim period“). Mr. Macdonald is the Interim Chief Executive Officer, President, Director and Co-founder of the Corporation and GetSwift is relying on the exemption provided for in Section 3.5 of National Instrument 52-110 (the “Instrument”) during the Interim Period, as Mr. Macdonald does not meet the requirement to be “independent” in the meaning of the Instrument. The Corporation’s Board of Directors has determined that reliance on the exemption provided by Section 3.5 of the Instrument will not adversely affect the Corporation’s Audit Committee’s ability to act independently and satisfy its other requirements under the Instrument.

In addition to his appointment to the Corporation’s Audit Committee, Mr. Macdonald will replace Mr. Mogridge as a member of the Nominating and Corporate Governance Committee and the Compensation Committee. After the appointments of Mr. Macdonald described in this document, the Corporation’s Audit Committee, the Nominating and Corporate Governance Committee and the Corporation’s Compensation Committee remain composed of three directors, most of whom are independent under the Terms.

The Corporation’s Nominating and Corporate Governance Committee will conduct a search to find suitably qualified nominees to be considered for appointment as a deputy director and to fill the vacancy created by Mr. Mogridge and/or be elected as a director of GetSwift at the next annual shareholders’ meeting.

About GetSwift Technologies Limited

Technology to optimize global delivery logistics

GetSwift is a technology and services company that offers a suite of software products and services focused on business automation and logistics, data management and analytics, communications, information security and infrastructure optimization, and also includes e-commerce ordering and marketplace, workforce management, data analytics and augmentation, business intelligence, route optimization, cash management, task management shift management, asset tracking, real-time alerts, cloud communications and communications infrastructure (collectively, the “GetSwift Offer“). The GetSwift Offering is used by public and private sector customers in all industries and jurisdictions for their respective logistics, communications, information security and infrastructure projects and operations.

GetSwift is headquartered in New York and its common shares are listed for trading on the NEO Exchange under the symbol “GSW”. For more information, visit the Corporation’s SEDAR profile at www.sedar.com and the Corporation’s website at www.getswift.co.

forward-looking information

Certain statements contained in this press release constitute forward-looking information within the meaning of Canadian securities laws (“forward-looking information“). Forward-looking information may relate to matters disclosed in this press release and other matters identified in public records relating to the Corporation, the Corporation’s future prospects and anticipated events or results, and may include statements about the Corporation’s future financial performance. In some cases, forward-looking information may be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, ” foresee”, “potential”, “continue” or other similar expressions relating to matters that are not historical facts. The forward-looking information in this press release includes statements regarding the length of Mr. Macdonald’s tenure as a member of the Audit Committee and the continuation of a deputy director by the Corporation’s Nominating and Corporate Governance Committee.

Forward-looking information involves a number of risks and uncertainties and is based on certain factors and assumptions. There can be no assurance that such information will be accurate, and actual results and future events could differ materially from those anticipated in such information. Important factors that could cause actual results to differ materially from the Corporation’s expectations include, without limitation, the availability of qualified candidates to serve on the Corporation’s Board of Directors, the Corporation’s ability to attract and retain qualified director candidates, the timing of the next annual shareholders’ meeting and the result of the election of directors at the next annual shareholders’ meeting.

The Corporation undertakes no obligation to update or revise any Forward Looking Information, whether as a result of new information, future events or otherwise, except as required by law. New factors arise from time to time, and it is not possible for the Corporation to predict all of them, or to assess the impact of each of these factors, or the extent to which any factor, or combination of factors, could cause results to differ materially from those those contained in any Forward Looking Information. Any forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.

Leave a Comment

%d bloggers like this: