CWTI Navigates Postal Strike: Ensuring Shareholder Engagement in AGM

The ongoing Canada Post strike has thrown a wrench into the works for many companies, including Current Water Technologies Inc. (CWTI), which has had to delay the mailing of its 2024 Annual General Meeting (AGM) materials. However, CWTI has taken proactive measures to ensure that shareholders can still participate effectively in the meeting. This article explores the impact of the postal strike on CWTI's AGM, the company's response, and the potential implications for shareholder engagement and the company's reputation.

The postal strike has disrupted the timely delivery of CWTI's AGM materials, which could impact shareholder engagement and participation in the meeting. According to a study by Broadridge Financial Solutions, only 30% of shareholders vote in AGMs, and timely access to materials is crucial for informed decision-making. The delay could lead to lower participation, as shareholders may not receive the materials in time to review and make informed decisions. Additionally, the delay may hinder the Company's ability to quorum, potentially impacting the validity of the meeting's decisions.

CWTI has taken steps to mitigate the impact of the postal strike on its AGM and overall operations. The company has made its meeting materials available electronically on its SEDAR+ corporate website and the TSX Trust Company website. Registered shareholders can contact TSX Trust Company to request a proxy, while beneficial holders should contact their broker representative. Additionally, CWTI is offering a paper copy of the meeting materials upon request, with a deadline of December 11, 2024, to ensure receipt before the AGM. These measures aim to ensure that shareholders can still participate in the AGM despite the postal strike.



The delay in AGM materials due to the Canada Post strike could impact the timing and outcome of any shareholder votes or resolutions. Shareholders may not receive the necessary information in time to make informed decisions, potentially leading to lower turnout and less engagement. This could affect the quorum required for valid voting and the passage of resolutions. Additionally, the delay might give some shareholders an advantage if they receive materials earlier, influencing the outcome. To mitigate these risks, CWTI should encourage shareholders to access materials online and extend the voting deadline if necessary.



The postal strike's impact on CWTI's reputation and investor confidence is twofold. First, the delay in mailing annual meeting materials may cause inconvenience for shareholders, potentially leading to lower attendance or participation in the AGM. This could result in a perception of disorganization or lack of control over external factors, negatively impacting CWTI's reputation. Second, the strike's disruption of communication channels might exacerbate any existing concerns about the company's operational efficiency or reliability, further eroding investor confidence. However, CWTI's proactive approach in providing alternative access to meeting materials via SEDAR+ and its website demonstrates adaptability and commitment to transparency, which could mitigate these potential negative effects.

In conclusion, the Canada Post strike has presented challenges for CWTI in ensuring timely delivery of AGM materials. However, the company's proactive measures to provide alternative access to materials and extend deadlines demonstrate a commitment to shareholder engagement and transparency. As the strike continues, CWTI should monitor the situation closely and adapt its communication strategies as needed to maintain investor confidence and ensure a successful AGM.