Vancouver, Canada, December 9, 2020 — Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) (Thunderbird or the Company), today announced that shareholders overwhelmingly approved all matters considered at the Company’s Annual General Meeting (“AGM”) held December 8, 2020. Details of the voting results are provided in this release.
Full details of the following matters that were voted on at the AGM of Company shareholders, held on December 8 2020, are set out in the Company’s management information circular dated October 31, 2020 (the “Information Circular”), which is available on SEDAR at www.sedar.com.
- Election of Directors
The following persons were elected to serve as directors of the Company, with the outcome of votes being as follows:
- Appointment of Auditor
PricewaterhouseCoopers LLP was re-appointed as the auditor of the Company for the ensuing year and the Directors were authorized to fix their remuneration.
- Annual Re-Approval of Stock Option Plan
The Company’s incentive stock option plan was approved.
Mark Miller, who joined the Board in 2015, has decided to step down as Director to focus on production. Mr. Miller is also stepping down as President of Thunderbird and CEO of Great Pacific Media (GPM). Mr. Miller is taking on a new role within GPM as Executive Producer, which allows him to focus on creative work. He remains a senior member of the creative team, which is responsible for numerous international hit television series including Highway Thru Hell. Mr. Miller will also work with the development team to create new hits.
“It has been an incredible adventure growing Great Pacific, and joining the Thunderbird Family. This decision allows me to put 100% of my time into creating content that will strengthen Thunderbird as a global IP leader,” said Mr. Miller.
“Mark has been an integral part of the Thunderbird story, and we support his decision to follow his passions by turning incredible stories into premium content that global audiences can enjoy,” said Jennifer Twiner McCarron, CEO, Thunderbird. “Mark is recognized throughout the industry as a talented showrunner and top producer, and we look forward to him building on GPM’s already impressive slate with more great shows.”
The Company would like to thank Mr. Miller for his many contributions as a board member, a part of the senior management team, and for his nimble leadership at the onset and throughout the global pandemic.
Ms. Jennifer Twiner McCarron has been appointed as President of Thunderbird in addition to her role as company CEO. David Way will continue as the President of GPM with the role of CEO for the Factual Division being eliminated.
Grant of Stock Options
Following the AGM, the Board of Directors authorized the grant of an aggregate of 360,000 incentive stock options in accordance with the terms of the Company’s stock option plan to employees at the management level. The options are exercisable at a price of $3.00 per share and have a seven year term, subject to vesting provisions.