Pulse Seismic Announces Voting Results at April 29, 2026 Annual Meeting

Pulse Seismic Inc. announced the voting results from its annual shareholders’ meeting held in Calgary, Alberta on April 29, 2026. According to the company’s press release, each nominee listed in the management proxy circular dated March 16, 2026 was elected by ballot, with detailed vote counts provided by the company.

The vote tally released by Pulse showed strong support for the board slate: Neal Coleman received 27,249,637 votes (99.93%); Paul Crilly 27,260,876 votes (99.97%); Dallas Droppo 27,213,872 votes (99.79%); Robert Robotti 27,248,349 votes (99.92%); Patrick Ward 27,259,780 votes (99.96%); and Melanie Westergaard 27,258,475 votes (99.96%). The shareholder advisory “say on pay” vote on executive compensation was approved with 99.86% of votes cast. The company noted the official voting report will be filed on SEDAR+ and posted on its investor website.

The timing of the vote follows Pulse’s April 28, 2026 financial update for Q1 2026, in which the company reported a modest first-quarter revenue and a 7% increase to its regular quarterly dividend (raising annualized regular dividend from $0.07 to $0.075). The Q1 release also disclosed a cash balance of approximately $13.1 million and highlighted the seasonal and transactional nature of seismic data licensing revenues. Together, the dividend action and strong shareholder support at the AGM reinforce the company’s focus on returning capital to shareholders while managing revenue volatility.

Pulse positions itself as a market leader in the acquisition and licensing of 2D and 3D seismic data for the western Canadian energy sector, owning a large licensable library (approximately 65,310 km2 of 3D and 829,207 km of 2D seismic data). Industry dynamics—land sale activity, drilling forecasts, commodity price movements and M&A—remain primary determinants of future licensing demand and revenue timing for the business. The company’s governance disclosures and the forthcoming SEDAR+ filings provide additional transparency for stakeholders.

From a market perspective, analysts and investors will likely view the re-election of the board and the overwhelming say-on-pay approval as confirmation of continuity in corporate strategy, including capital return mechanisms such as regular and special dividends and share buybacks under an NCIB. Near-term performance will still hinge on seismic licensing activity and broader energy sector conditions; stakeholders will monitor subsequent quarterly results, SEDAR+ filings and management commentary for signals on revenue recovery and capital allocation.