Tribe Property Technologies Inc has announced the results of the voting at its April 22, 2022, annual general and special meeting.
At the meeting, the special resolution to fix the number of directors of the company at six was passed. Each of the nominee directors listed in the company's proxy circular dated March 14, 2022, was elected as a director.
In addition to the return of the company's five current board members, shareholders elected a new member, Sanjiv Samant, to its board of directors at the meeting.
"We are pleased to welcome Sanjiv Samant to the board," Tribe CEO Joseph Nakhla said in a statement. "During Mr Samant's professional career spanning more than two decades, he has advised a wide variety of Canadian growth companies on M&A, IPO and capital raising initiatives, including leading transactions for several of the most prominent public software-as-a-service companies in Canada."
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Samant joined Round13 Capital at the beginning of 2020 to establish the Round13 Growth Fund as a founder and managing partner and Round13 was the lead investor in the company's recent January 2022 private placement.
Also at the meeting, Dale Matheson Carr-Hilton Labonte LLP was appointed as auditor of the company for the ensuing year and the directors were authorized to fix the remuneration to be paid to the auditor. And the resolution to approve the amended stock option plan was also approved at the meeting.
Tribe is a property technology company that is digitizing the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers.
Tribe's business is composed of three revenue pillars: software and services (recurring licensing and management fees), transactional (rent or condo fees, banking services, lease-ups) and digital services and partnerships (smart building products, financial and insurance service).
Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations.
Contact the author at jon.hopkins@proactiveinvestors.com