Mullen Group (MTL) AGM 2025 summary

Opening remarks and agenda

• The meeting was called to order with confirmation of quorum, virtual participation instructions, and an agenda covering financial statements, director elections, auditor appointment, executive compensation, business updates, and a focus on acquisition-driven growth.

• Formal business was followed by a presentation on growth initiatives, including a detailed overview of the Cole Group acquisition and balance sheet review.

Board and executive committee updates

• The number of directors was set at eight, with all nominees elected individually for the next term.

• Recent additions to the senior team include a new General Counsel and VP of Accounting, strengthening operational and legal capabilities.

• The executive team was highlighted for its extensive experience in operations, finance, legal, and M&A.

Overview of voting outcomes and shareholder proposals

• All motions, including director elections, auditor reappointment, and executive compensation approach, passed by majority vote.

• Approval was obtained to renew the normal course issuer bid for share repurchases.

• Voting results will be disclosed via news release and posted on SEDAR+ and the company website.