|
Exhibit
No. |
| |
Exhibit
|
|
| 99.1 | | | | |
| 99.2 | | | | |
| 99.3 | | | |
| | | | VISION MARINE TECHNOLOGIES INC. | |
| Date: August 3, 2023 | | |
By:
/s/ Kulwant Sandher
Name: Kulwant Sandher
Title: Chief Financial Officer |
|
|
/s/ Alexandre Mongeon
Alexandre Mongeon, CEO
|
| | | |
Name of Shareholder
|
| |
Number of Shares
|
| |
Percentage
|
| ||||||
Alexandre Mongeon
|
| | | | 2,522,973(1) | | | | | | 23.7% | | |
Patrick Bobby
|
| | | | 2,237,182(1) | | | | | | 21.0% | | |
Name, position and place of residence
|
| |
Principal occupation or employment during
the past five years |
| |
Director since
|
| |
Number of securities
beneficially owned, controlled or directed, directly or indirectly(4) |
|
Steve P. Barrenechea(1)(2)(3), Director
California, United States
|
| |
Consultant
|
| |
September 2020
|
| |
70,000 options
|
|
Patrick Bobby, Head of Performance & Special Projects and Director Quebec, Canada | | |
Head of Performance & Special
Projects of the Corporation |
| |
August 2014
|
| |
2,151,317 Common
Shares(5)
85,865 options
|
|
Luisa Ingargiola(1)(2), Director
Florida, United States
|
| |
Chief Financial Officer of Avalon
GloboCare (February 2017 – Present)
Director of Progress Acquisition Corp.
(November 2020 – Present)
Director of Electrameccanica Vehicles Corp.
(March 2018 – Present)
Director of AgEagle Aerial Systems Inc.
(May 2018 – Present) |
| |
September 2020
|
| |
70,000 options
|
|
Alexandre Mongeon, Chief Executive Officer and Director
Quebec, Canada
|
| |
Chief Executive Officer of the Corporation
|
| |
August 2014
|
| |
2,437,108 Common
Shares(5)
85,865 options
|
|
Carter Murray, Chairman | | |
Chairman of the Corporation’s
Board of Directors |
| |
March 2023
|
| |
118,765 Common Shares
50,000 options
|
|
Name, position and place of residence
|
| |
Principal occupation or employment during
the past five years |
| |
Director since
|
| |
Number of securities
beneficially owned, controlled or directed, directly or indirectly(4) |
|
Mario Saucier, Director | | |
Director of E-Smart Control Inc.
(November 2017 – Present)
Director of Transtex Inc.
(February 2016 – Present) |
| |
March 2023
|
| |
50,000 options
|
|
TABLE OF COMPENSATION EXCLUDING COMPENSATION SECURITIES
|
| ||||||||||||||||||||||||||||||||||||||||||
Name and Position
|
| |
Year
|
| |
Salary,
consulting fee, retainer or commission ($) |
| |
Bonus
($) |
| |
Committee
or meeting fees ($) |
| |
Value of
perquisites ($) |
| |
Value of all
other compensation ($) |
| |
Total
compensation ($) |
| |||||||||||||||||||||
Alexandre Mongeon,
Chief Executive Officer and Director |
| | | | 2022 | | | | | | 567,016 | | | | | | Nil. | | | | | | Nil. | | | | | | Nil. | | | | | | Nil. | | | | | | 567,016 | | |
Patrick Bobby,
Head of Performance & Special Projects and Director |
| | | | 2022 | | | | | | 411,472 | | | | | | Nil. | | | | | | Nil. | | | | | | Nil. | | | | | | Nil. | | | | | | 411,472 | | |
Kulwant Sandher,
Chief Financial Officer |
| | | | 2022 | | | | | | 328,790 | | | | | | Nil. | | | | | | Nil. | | | | | | Nil. | | | | | | Nil. | | | | | | 328,790 | | |
Xavier Montagne,
Chief Technology Officer and Chief Operating Officer |
| | | | 2022 | | | | | | 229,804 | | | | | | Nil. | | | | | | Nil. | | | | | | Nil. | | | | | | Nil. | | | | | | 229,804 | | |
Steve P. Barrenechea,
Director |
| | | | 2022 | | | | | | 304,246 | | | | | | Nil. | | | | | | Nil. | | | | | | Nil. | | | | | | Nil. | | | | | | 304,246 | | |
Renaud Cloutier,
Former Director |
| | | | 2022 | | | | | | 85,830 | | | | | | Nil. | | | | | | Nil. | | | | | | Nil. | | | | | | Nil. | | | | | | 85,830 | | |
Alan Gaines,
Former Chairman and Director |
| | | | 2022 | | | | | | 294,624. | | | | | | Nil. | | | | | | Nil. | | | | | | Nil. | | | | | | Nil. | | | | | | 294,624 | | |
Luisa Ingargiola,
Director |
| | | | 2022 | | | | | | 102,991 | | | | | | Nil. | | | | | | Nil. | | | | | | Nil. | | | | | | Nil. | | | | | | 102,991 | | |
COMPENSATION SECURITIES
|
| ||||||||||||||||||||||||||||||
Name and position
|
| |
Type of
compensation security |
| |
Number of
compensation securities, number of underlying securities and percentage of class(1) |
| |
Date of issue
or grant |
| |
Issue,
conversion or exercise price ($) |
| |
Closing price
of security or underlying security on date of grant ($) |
| |
Closing price
of security or underlying security at year end ($)(3) |
| |
Expiry date
|
| |||||||||
Alexandre Mongeon,
Chief Executive Officer and Director |
| |
Stock options
|
| |
64,864 stock options(2)
21,000 stock options
7.35% of class
|
| |
May 27, 2020
November 24, 2020
|
| | | |
3.70
5.54
|
| | | | |
N/A(2)
5.54
|
| | | | | 8.47 | | | |
May 27, 2025
November 24, 2030
|
|
Patrick Bobby,
Head of Performance & Special Projects and Director |
| |
Stock options
|
| |
64,864 stock options(2)
21,000 stock options
7.35% of class
|
| |
May 27, 2020
November 24, 2020
|
| | | |
3.70
5.54
|
| | | | |
N/A(2)
5.54
|
| | | | | 8.47 | | | |
May 27, 2025
November 24, 2030
|
|
Kulwant Sandher,
Chief Financial Officer |
| |
Stock options
|
| |
59,459 stock options(2)
21,000 stock options
6.89% of class
|
| |
May 27, 2020
November 24, 2020
|
| | | |
3.70
5.54
|
| | | | |
N/A(2)
5.54
|
| | | | | 8.47 | | | |
May 27, 2025
November 24, 2030
|
|
Xavier Montagne,
Chief Technology Officer and Chief Operating Officer |
| |
Stock options
|
| |
60,000 stock options
90,000 stock options
12.85% of class
|
| |
February 23, 2021
January, 22, 2022
|
| | | |
15.75
5.65
|
| | | | |
15.75
5.65
|
| | | | | 8.47 | | | |
February 23, 2026
January 22, 2027
|
|
Steve P. Barrenechea,
Director |
| |
Stock options
|
| |
70,000 stock options
6.00% of class
|
| |
November 24, 2020
|
| | | | 5.54 | | | | | | 5.54 | | | | | | 8.47 | | | |
November 24, 2025
|
|
Luisa Ingargiola,
Director |
| |
Stock options
|
| |
70,000 stock options
6.00% of class
|
| |
November 24, 2020
|
| | | | 5.54 | | | | | | 5.54 | | | | | | 8.47 | | | |
November 24, 2025
|
|
COMPENSATION SECURITIES
|
| ||||||||||||||||||||||||||||||
Name and position
|
| |
Type of
compensation security |
| |
Number of
compensation securities, number of underlying securities and percentage of class(1) |
| |
Date of issue
or grant |
| |
Issue,
conversion or exercise price ($) |
| |
Closing price
of security or underlying security on date of grant ($) |
| |
Closing price
of security or underlying security at year end ($)(3) |
| |
Expiry date
|
| |||||||||
Carter Murray,
Chairman |
| |
Stock options
|
| |
50,000 options
4.28% of class
|
| |
March 25, 2023
|
| | | | 5.54 | | | | | | 5.54 | | | | | | 8.47 | | | |
March 25, 2028
|
|
Mario Saucier,
Director |
| |
Stock options
|
| |
50,000 options
4.28% of class
|
| |
March 25, 2023
|
| | | | 5.54 | | | | | | 5.54 | | | | | | 8.47 | | | |
March 25, 2028
|
|
Named Executive Officer and Director
|
| |
Option-based Awards −
Value Vested During the Year ($)(1) |
| |
Non-Equity Incentive
Plan Compensation – Value Vested During the Year ($)(2) |
| ||||||
Alexandre Mongeon,
Chief Executive Officer |
| | | $ | 52,379 | | | | | | — | | |
Patrick Bobby,
Chief Operating Officer(3) |
| | | $ | 52,379 | | | | | | — | | |
Kulwant Sandher,
Chief Financial Officer |
| | | $ | 52,379 | | | | | | 62,500 | | |
Xavier Montagne,
Chief Technology Officer and Chief Operating Officer |
| | | $ | 790,179 | | | | | | — | | |
Luisa Ingargiola,
Director |
| | | $ | 149,655 | | | | | | — | | |
Renaud Cloutier,
Former Director |
| | | $ | 149,655 | | | | | | — | | |
Steven P. Barrenechea,
Director |
| | | $ | 149,655 | | | | | | — | | |
Alan Gaines, Former
Chairman |
| | | $ | 2,244,828 | | | | | | — | | |
Plan Category
|
| |
Number of securities
to be issued upon exercise of outstanding options, warrants and rights |
| |
Weighted average
exercise price of outstanding options, warrants and rights |
| |
Number of securities
remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |
| |||||||||
| | |
(a)
|
| |
(b)
|
| |
(c)
|
| |||||||||
Equity compensation plans approved by Shareholders
|
| | | | Nil | | | | | | Nil | | | | | | Nil | | |
Equity compensation plans not approved by Shareholders
|
| | | | 1,709,121 | | | | | | 9.92 | | | | | | 55,831 | | |
Total
|
| | | | 1,709,121 | | | | | | 9.92 | | | | | | 55,831 | | |
Name of Director
|
| |
Reporting Issuer(s) or Equivalent(s)
|
|
Luisa Ingargiola | | |
FTE Networks, Inc. (NYSE American: FTNW)
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO)
AgEagle Aerial Systems Inc. (NYSE American: UAVS)
|
|
Financial Year Ending
|
| |
Audit Fees(1)
|
| |
Audit Related
Fees(2) |
| |
Tax Fees(3)
|
| |
All Other
Fees(4) |
| ||||||||||||
August 31, 2022
|
| | | $ | 438,757 | | | | | | — | | | | | | — | | | | | | — | | |
August 31, 2021
|
| | | $ | 190,780 | | | | | | — | | | | | | — | | | | | | — | | |
Financial Year Ending
|
| |
Audit Fees(1)
|
| |
Audit Related
Fees(2) |
| |
Tax Fees(3)
|
| |
All Other
Fees(4) |
| ||||||||||||
August 31, 2022
|
| | | | — | | | | | $ | 8,460 | | | | | | — | | | | | | — | | |
August 31, 2021
|
| | | $ | 66,250 | | | | | | — | | | | | | — | | | | | | — | | |