EcoSynthetix Announces Voting Results for Election of Directors

Share this article

Burlington, Ontario, May 24, 2018 – EcoSynthetix Inc. (TSX: ECO) (“EcoSynthetix” or the “Company”), a renewable chemicals company that produces a portfolio of commercially proven bio-based products, today announced the voting results from its Annual and Special Meeting of Shareholders held on May 23, 2018.

The five nominees listed in the Management Information Circular, dated April 17, 2018, were elected as directors of EcoSynthetix. The results of the vote are set out below:



of Votes For

% of Votes
Cast For

Number of
Votes Withheld

% of Votes
Cast Withheld

Paul Lucas





Jeff MacDonald





Susan Allen





Martin Hubbes





Jeffrey Nodland






With the election, Susan Allen has joined the Board of Directors of EcoSynthetix and John E. Barker has retired from his board position.

“We believe it is important to have a balance between directors who have a long history and organizational understanding of our business with directors who bring new perspectives and ideas to the Board of Directors. Our ability to attract someone of Susan’s calibre to join EcoSynthetix and support us through our next phase of growth speaks to the positive change we can bring to the wood composites and paper markets. Her experience and credentials were an ideal fit for our board composition and the vision we share for the future of EcoSynthetix,” said Paul Lucas, Chair of the Board of EcoSynthetix. “On behalf of everyone at the Company, I thank John for his long-standing contribution to EcoSynthetix. The commitment he demonstrated to the organization and the expertise and experience in finance and accounting he provided to the board and management were unquestioned throughout his tenure.”

Susan Allen is a retired audit partner with extensive international business, audit, board and governance experience. She served on the global and Canadian boards of PwC and currently sits as Audit Committee Chair on the boards of Richards Packaging Income Fund, a TSX listed company, as well as the board of a private North American promotional marketing company. Ms. Allen has held several national and global leadership roles at PwC during her 34-year tenure. Ms. Allen is a recipient of Catalyst Canada’s prestigious “Business Champion” award and was named one of the “Top 100 Most Powerful Women in Canada” by the Women’s Executive Network for her leadership role and impact on diversity initiatives at PwC. She holds a BA from the University of Toronto, a U.S. CPA and is a Fellow of the Chartered Professional Accountants of Canada (Fellow of the Chartered Accountants). Ms. Allen obtained her ICD.D designation from the Rotman School of Management.

Shareholders also voted in favour of all resolutions described in the Management Information Circular, including the re-appointment of PricewaterhouseCoopers LLP as the Company’s auditors and the approval of an amendment to the deferred share unit plan to increase the plan maximum.

For further details, visit the Company’s website at or the Company’s filings on SEDAR at

About EcoSynthetix Inc. (

EcoSynthetix offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. The Company’s flagship products, DuraBind™ and EcoSphere®, are used to manufacture wood composites, paper and packaging, and enable performance improvements, economic benefits and sustainability. The Company is publicly traded on the Toronto Stock Exchange (T:ECO).

For further information, please contact:

Investor Relations

Ross Marshall

Phone: (416) 526-1563