Oculus Inc. (TSXV: OVT) (OTCQB: OVTZ) announced on November 10, 2026 that shareholders approved all six resolutions at its 2026 Annual Meeting of Stockholders, held in Vancouver, British Columbia. A total of 56,301,165 common shares, representing 61.58% of issued and outstanding shares eligible to vote, were cast in person or by proxy. Among the resolutions passed was approval granting the board authority to execute a reverse stock split at a ratio between 1-for-2 and 1-for-10, a development investors in the data-privacy technology company may be watching closely.

Key Points

  • Oculus Inc. (TSXV: OVT / OTCQB: OVTZ / FSE: USF1) held its 2026 Annual Meeting on November 10, 2026
  • All six resolutions passed, including board authority for a discretionary reverse stock split at a ratio of 1-for-2 to 1-for-10
  • 61.58% of eligible shares voted; Davidson & Company LLP re-appointed as independent auditor for fiscal year ending December 31, 2026
  • Shareholders also approved continuation of the Omnibus Equity Incentive Compensation Plan and endorsed annual executive compensation votes

Six-Member Board Re-Elected With Strong Shareholder Support

All six director nominees were re-elected with approval rates above 99% of votes cast. Anton J. Drescher received 99.05% support, Fabrice Helliker 99.05%, Maurice Loverso 99.09%, Rowland Perkins 99.08%, Tom Perovic 99.84%, and Ron Wages 99.12%. There were 6,238,114 broker non-votes recorded with respect to the director election. The release states that withheld votes and broker non-votes were counted solely for quorum purposes and had no other effect on election outcomes.

Reverse Stock Split Authority Granted to Oculus Board of Directors

Shareholders approved an amendment to the Company's Articles of Incorporation authorising a reverse stock split at a ratio between 1-for-2 and 1-for-10, with the precise ratio, timing, and implementation left to the board's discretion. The resolution passed with 85.44% of votes cast in favour, 7.06% against, and 7.50% abstaining. The announcement did not specify a timeline or confirm whether the board intends to exercise this authority imminently, leaving the ultimate impact on share count undetermined at this stage.

Auditor Ratification and Equity Incentive Plan Continuation Confirmed

Davidson & Company LLP, Chartered Professional Accountants, was ratified as Oculus's independent public accounting firm for the fiscal year ending December 31, 2026, receiving 99.79% approval. Shareholders also approved continuation of the Company's Omnibus Equity Incentive Compensation Plan with 95.72% support. On a non-binding advisory basis, executive compensation received 94.56% approval, while 93.20% of advisory votes favoured holding executive compensation votes annually rather than every two or three years.