Jewett-Cameron Files 8-K on Shareholder Vote & Other Events

TL;DR

**Jewett-Cameron just filed an 8-K about a shareholder vote, so keep an eye out for potential changes!**

AI Summary

JEWETT-CAMERON TRADING COMPANY LTD. filed an 8-K on February 29, 2024, reporting on events that occurred on February 23, 2024. The filing indicates the submission of matters to a vote of security holders, along with other events and financial statements and exhibits. The company, based in North Plains, OR, operates in the retail lumber and building materials sector.

Why It Matters

This filing signals upcoming corporate actions or decisions that will be put to a shareholder vote, which could impact the company's future direction and investor value.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of a shareholder vote and other events, not indicating immediate negative financial impact.

Key Players & Entities

• JEWETT-CAMERON TRADING COMPANY LTD. (company) — registrant
• February 23, 2024 (date) — date of earliest event reported
• February 29, 2024 (date) — filing date
• North Plains, OR (location) — company headquarters
• 000-19954 (other) — SEC File Number

FAQ

Key Financial Figures

• $4M — rimary products. Inventory is down 19%, $4M from a year ago and is a much improved

Filing Documents

• jctcf_8k.htm (8-K) — 65KB
• 0001079973-24-000313.txt ( ) — 237KB
• jctcf-20240223.xsd (EX-101.SCH) — 3KB
• jctcf-20240223_lab.xml (EX-101.LAB) — 33KB
• jctcf-20240223_pre.xml (EX-101.PRE) — 22KB
• jctcf_8k_htm.xml (XML) — 3KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. (a) The Annual General Meeting of shareholders was held on February 23, 2024. (b) The following is a brief description and vote count of all items voted on at the meeting:

Fix the Number of Directors

Item 1. Fix the Number of Directors Item No. 1 was approved with the following vote: Shares Voted "For" Shares Voted "Against" Withheld/ Abstentions Non-Votes 1,642,297 983,239 0 0

Election of Directors

Item 2. Election of Directors The following persons were elected as Directors to serve until the conclusion of the next annual meeting: Nominees Shares Voted "For" Shares Voted "Against" Withheld/ Abstentions Non-Votes Charles E. Hopewell 1,341,392 0 978,142 306,002 Geoff Guilfoy 1,339,876 0 979,658 306,002 Sarah Johnson 1,341,591 0 977,943 306,002 Chris Karlin 1,339,876 0 979,658 306,002 Michelle Walker 1,340,591 0 978,943 306,002 Chad Summers 1,345,220 0 974,314 306,002 Mike Henningsen 1,341,735 0 977,799 306,002 Subriana Pierce 1,340,026 0 979,508 306,002 Ian Wendler 1,341,591 0 977,943 306,002

Appointment of Auditors

Item 3. Appointment of Auditors Item No. 3 was approved with the following vote: Shares Voted "For" Shares Voted "Against" Withheld/ Abstentions Non-Votes 2,569,240 0 56,296 0

Acts and Deeds of Directors and Officers

Item 4. Acts and Deeds of Directors and Officers Item No. 4 was approved with the following vote: Shares Voted "For" Shares Voted "Against" Withheld/ Abstentions Non-Votes 1,341,689 977,845 0 306,002

Advisory Vote on the Approval of Executive Compensation

Item 5. Advisory Vote on the Approval of Executive Compensation Item No. 5 was approved with the following vote: Shares Voted "For" Shares Voted "Against" Withheld/ Abstentions Non-Votes 1,340,691 978,843 0 306,002

Advisory Vote on the Frequency of Holding an Advisory Vote on Executive Compensation

Item 6. Advisory Vote on the Frequency of Holding an Advisory Vote on Executive Compensation Item No. 6 had the following votes: 1 Year 2 Years 3 Years Withheld/ Abstentions Non-Votes 2,301,606 17,383 145 400 306,002

Staggered Terms and Term Limits

Item 7. Staggered Terms and Term Limits Item No. 7 was rejected with the following vote: Shares Voted "For" Shares Voted "Against" Withheld/ Abstentions Non-Votes 1,063,811 1,255,723 0 306,002

Advance Notice Requirements

Item 8. Advance Notice Requirements Item No. 8 was rejected with the following vote: Shares Voted "For" Shares Voted "Against" Withheld/ Abstentions Non-Votes 1,269,921 1,049,613 0 306,002

Permitted Amendments and Variations

Item 9. Permitted Amendments and Variations Item No. 9 was rejected with the following vote: Shares Voted "For" Shares Voted "Against" Withheld/ Abstentions Non-Votes 1,090,270 1,229,264 0 306,002

Transact Other Business

Item 10. Transact Other Business Item No. 10 was rejected with the following vote: Shares Voted "For" Shares Voted "Against" Withheld/ Abstentions Non-Votes 1,088,218 1,231,316 0 306,002 (c) Not Applicable (d) The Board of Directors decided that the Company's proxy materials will include an advisory shareholder vote on the executive compensation annually, with the next vote to occur in 2025.

01 Other Events

Item 8.01 Other Events The following CEO Statement was read by Chad Summers, Chief Executive Officer, at the Annual General and Special Meeting of Shareholders held remotely on February 23, 2024. CEO Statement Thank you to those of you who have taken the time to participate in our Annual Shareholders Meeting today. Given the increased questions throughout this past year, I thought you all may appreciate a prepared statement from me as the President and CEO regarding the current state of Jewett Cameron Company. I'll read it to you before we open it up for Q&A as this may prompt further questions. Given the reality of our current financials we recognize the questions you may have. I'd like to provide narrative that may not be easily garnered in simply reading the financials. As you know, our products are well designed and offered at desirable prices through major retail stores and online. Our core product categories are fence products, Lucky Dog branded pet containment, and our newest addition of alternatives to traditional plastic bags within the MyEcoWorld brand. Strategically, MyEcoWorld products help combat some of our historical seasonality related to fence and kennel sales which move in higher volumes during the spring and summer months. Trash bags / Bin liners and pet waste bags are used year round and offer consumers repeat purchasing opportunities as a more consumable product than our gates and kennels. This also allows us to offer a subscription service to secure ongoing repeat sales and communicate more often directly with consumers. Our fence products remain our strongest sales segment with continued growth potential. We've seen bolstered demand for several of our fence products launched within the last 5 years as they grow and gain market share traction. Our commitment to innovation is driving new product introductions in the year ahead to further stabilize our presence in the gate and fence category. The pet containment products were hit the h

01 Exhibits

Item 9.01 Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized. JEWETT-CAMERON TRADING COMPANY LTD. Date: February 29, 2024 By: /s/ "Chad Summers" Name: Chad Summers Title: President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR