Mr. Scott MacFabe reports
BLUMETRIC ANNOUNCES ELECTION OF DIRECTORS AT ITS ANNUAL MEETING AND A STOCK OPTION PLAN AMENDMENT
Scott MacFabe has been renamed chair of the board of directors of Blumetric Environmental Inc. while continuing his role as chief executive officer.
"I remain honoured to continue with this appointment, and I look forward to continuing to lead Blumetric in my dual role as chair and CEO as we capitalize on growth opportunities," said Mr. MacFabe.
Mr. MacFabe has served as CEO and a director of Blumetric since March, 2018. Additional details regarding his expertise and background can be found in the company's management information circular dated Jan. 30, 2026, a copy of which can be found under the company's profile at SEDAR+.
The company is also pleased to announce the shareholders approved the election of Mohsen Mortada, Stephan May, Ian Murray Macdonald and Dr. David Rudolph to the board of directors, and Ernst & Young LLP as auditor, and approved the amended and restated stock option plan at the annual and special meeting of shareholders on March 31, 2026. The amended and restated stock option plan increases the number of options available for grant under the plan from 5.5 million to 7.5 million, representing approximately 13.75 per cent of the issued and outstanding share capital of the company. The amended and restated stock option plan is subject to TSX Venture Exchange approval. Mr. Mortada will act as chair of the compensation and governance committee, and Mr. May will act as chair of the audit committee. Further, Mr. Mortada will act as the lead independent director.
About Blumetric Environmental Inc.
Blumetric is a publicly traded water technology and environmental engineering firm. Blumetric designs, fabricates and delivers sustainable solutions to complex water and environmental challenges. The company is supported by more than 340 employees across 17 offices and three manufacturing facilities, with over 50 years of history. Headquartered in Ottawa, Ont., Blumetric's team of industry experts serves commercial and industrial, government, military, and mining clients in North America and the Caribbean.
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