DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (NASDAQ: DRTT, TSX: DRT) today announced that, in light of the preliminary proxy vote count relating to the annual and special meeting of shareholders scheduled to be held on April 26, 2022 (the “Meeting”), it expects that the seven nominees put forward by 22NW Fund, LP (“22NW”) will be elected to the board of directors of the Company (the “Board”).
Mr. Todd Lillibridge, Board Chair, stated, “On behalf of the Company, I would like to thank each of Michael Ford, Denise Karkkainen, Shauna King, Jim Lynch, Diana Rhoten and Steven Parry for their significant efforts and sacrifices made during this difficult period. As a result of their leadership, we believe the Company has been able to bring about substantial operational changes and has gathered meaningful momentum. The Company also wishes to thank Charlie Chiappone for his willingness to be a nominee.” Mr. Lillibridge added, “We wish to thank all the hard working employees and the senior management team and partners of DIRTT who have been instrumental in bringing about the recent turnaround, which we believe is beginning to pay dividends and we hope will provide a path to profitability. We are grateful for your support and your dedication to the success of DIRTT. I also wish to confirm that I am personally prepared to assist the new Board in the transition so that DIRTT may continue on its path towards achieving great success.”
Mr. Michael Ford, the Interim Lead Director, noted, “We respect the vote of shareholders and we wish each of Aron English, Cory Mitchell, Douglas Edwards, Mary Garden, Scott Robinson, Scott Ryan and Kenneth Sanders every success as directors of the Company as they assume oversight and stewardship of DIRTT. I also wish to thank Todd for his exceptional leadership and for focusing on the business of the Company during this tumultuous time. He has proven to be a gifted and selfless leader.”
DIRTT is a global leader in industrialized construction. Its system of physical products and digital tools empowers organizations, together with construction and design leaders, to build high-performing, adaptable, interior environments. Operating in the commercial, healthcare, education, and public sector markets, DIRTT’s system provides total design freedom, and greater certainty in cost, schedule, and outcomes. Headquartered in the US and Canada, DIRTT trades on Nasdaq under the symbol “DRTT” and on the Toronto Stock Exchange under the symbol “DRT”.