Destiny Media Technologies Inc. Files Definitive Proxy Statement

TL;DR

<b>Destiny Media Technologies Inc. filed its Definitive Proxy Statement for the 2023 Annual General Meeting, detailing proposals for director elections and auditor ratification.</b>

AI Summary

DESTINY MEDIA TECHNOLOGIES INC (DSNY) filed a Proxy Statement (DEF 14A) with the SEC on February 27, 2024. Destiny Media Technologies Inc. filed a Definitive Proxy Statement (DEF 14A) on February 27, 2024. The filing concerns the 2023 Annual General Meeting of Stockholders, scheduled for February 28, 2023. Key proposals include the election of four Board of Directors members and ratification of Smythe LLP as the independent registered public accounting firm for fiscal year ending August 31, 2023. The meeting was to be held at Cozen O'Connor LLP in Vancouver, BC. The company is incorporated in Nevada and has a fiscal year end of August 31.

Why It Matters

For investors and stakeholders tracking DESTINY MEDIA TECHNOLOGIES INC, this filing contains several important signals. This filing provides shareholders with crucial information regarding the governance and oversight of Destiny Media Technologies Inc., including the individuals proposed to lead the company and the firm responsible for its financial audits. Shareholders can use this document to make informed voting decisions on important matters affecting the company's strategic direction and financial integrity.

Risk Assessment

Risk Level: low — DESTINY MEDIA TECHNOLOGIES INC shows low risk based on this filing. The filing is a routine proxy statement for an annual general meeting, with no immediate indicators of significant financial distress or operational challenges presented within the provided text.

Analyst Insight

Shareholders should review the proposed director nominees and the ratification of the independent auditor to make informed voting decisions.

Key Numbers

• 4 — Directors to be elected (Proposal Number One: Election of Directors.)
• 2023 — Annual General Meeting Year (Notice of 2023 Annual General Meeting of Stockholders.)
• 2023 — Fiscal Year End (Fiscal year ending August 31, 2023, for which the auditor is being ratified.)

Key Players & Entities

• Destiny Media Technologies Inc. (company) — Registrant and filer of the proxy statement.
• Smythe LLP (company) — Proposed independent registered public accounting firm.
• newsfilecorp.com (company) — Filed the Form DEF 14A.
• Cozen O'Connor LLP (company) — Location of the Annual General Meeting.
• February 28, 2023 (date) — Date of the 2023 Annual General Meeting.
• August 31, 2023 (date) — Fiscal year end for which Smythe LLP is proposed as auditor.
• February 27, 2024 (date) — Filing date of the Definitive Proxy Statement.

FAQ

Risk Factors

• Filing Compliance [low — regulatory]: The company must comply with SEC regulations for proxy statements and annual meetings, including timely filing and accurate disclosure.
• Meeting Logistics [low — operational]: The success of the annual general meeting depends on proper notification, quorum, and the smooth conduct of voting on proposed items.

Key Dates

• 2023-02-28: 2023 Annual General Meeting — Stockholders to vote on director elections and auditor ratification.
• 2024-02-27: DEF 14A Filing — Definitive Proxy Statement filed with the SEC.

Glossary

DEF 14A

Definitive Proxy Statement filed with the SEC. (Provides detailed information to shareholders for voting at the annual general meeting.)

Annual General Meeting

An annual meeting of a company's shareholders. (Key event for shareholders to elect directors and vote on other corporate matters.)

Independent Registered Public Accounting Firm

An external auditor hired to examine a company's financial statements. (Ensures the accuracy and reliability of the company's financial reporting.)

Filing Documents

• formdef14a.htm (DEF 14A) — 178KB
• formdef14axm001.jpg (GRAPHIC) — 164KB
• formdef14axm002.jpg (GRAPHIC) — 91KB
• 0001062993-24-004461.txt (&nbsp;) — 530KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT A-22 VOTING SECURITIES A-24 WHERE YOU CAN FIND MORE INFORMATION A-24 i DESTINY MEDIA TECHNOLOGIES INC. NOTICE OF 2023 ANNUAL GENERAL MEETING OF STOCKHOLDERS TO BE HELD ON FEBRUARY 28, 2023 To the Company's Stockholders: Notice is hereby given that the 2023 Annual General Meeting (the "Meeting") of the stockholders of Destiny Media Technologies Inc., a Nevada corporation (the "Company"), will be held at Cozen O'Connor LLP Bentall 5, 550 Burrard St Suite 1008, Vancouver, BC V6C 2B5 Canada, on Tuesday, February 28, 2023, commencing at 10:00 a.m. (Pacific Standard Time), for the following purposes: 1. To elect four members of the Company's Board of Directors, each to hold office until the next annual meeting of stockholders or until their respective successors have been elected or qualified. The Board of Directors recommends that stockholders vote "FOR" each of the nominees. 2. To ratify the appointment of Smythe LLP as the Company's independent registered public accounting firm for the fiscal year ending August 31, 2023. The Board of Directors recommends that the stockholders vote "FOR" this proposal. The Board of Directors has fixed the close of business on January 26, 2023 at 5:00 p.m. (Pacific Standard Time) as the record date for the Meeting. Only stockholders of record at such time, are entitled to notice of, and to vote at, the Meeting. A list of the stockholders of record entitled to vote will be available at the Meeting and for 10 days prior to the Meeting, for any purpose germane to the Meeting, between the hours of 9:00 a.m. and 5:00 p.m. (Vancouver Time) at the Company's principal office located at 428 - 1575 W Georgia Street, Vancouver, British Columbia V6G 2V3. Stockholders unable to attend the meeting in person are requested to read the enclosed proxy statement and proxy and then complete and deposit the proxy in accordance with its instructions. Unregistered stockhold

View Full Filing

View this DEF 14A filing on SEC EDGAR