VirTra (VTSI) AGM 2024 summary

Opening remarks and agenda

• The meeting was held both in person and via webcast, with voting on electing five directors and ratifying the appointment of the independent auditor as key agenda items.

• Procedures for participation and voting were outlined, including question submission and inspector appointments.

Board and executive committee updates

• Board nominees included two new members with expertise in military training and law enforcement.

• The Nominating and Corporate Governance Committee emphasized continuity, subject matter expertise, and good governance in board composition.

• Jim McDonald declined re-nomination, and the board welcomed new nominees Maria Gervais and Michael Ayers.

Corporate governance

• The board reviewed requirements for director nominations and closed nominations after confirming compliance with SEC rules.

• Discussion addressed director share ownership and the challenges and restrictions directors face in purchasing company stock.