Swiss Water Decaffeinated Coffee Inc. (TSX:SWP) (“Swiss Water” or “the Company”), a leading specialty coffee company and premium green coffee decaffeinator, announced its AGM to be held on Thursday, May 21, 2026 at 2:00pm PT (date of record: April 13, 2026), by way of a virtual meeting with the meeting to approve the Company’s 2025 financial statements and other resolutions to be provided in the Company’s Management Information Circular and Proxy.
The Company also announces that it has entered into a cooperation agreement (the “Agreement”) with Properly Investment Company Ltd. (“Properly Investments”), the Company’s largest shareholder owning approximately 16.4% of the common shares outstanding. Under the terms of the Agreement, the Company has agreed to nominate Mr. Mark Vendramin, Chief Investment Officer, of Properly Investments along with an additional slate of six of the Company’s current Directors bringing the total number of nominated Directors to seven. The full slate of Directors being nominated are: Frank A. Dennis, Roland W. Veit, Robert B. Johnston, Nancy L. McKenzie, Alan Wallace, Eric Yanagi and Mark Vendramin.
The Agreement provides that Properly Investments will vote in favour of the full board slate as well as the other resolutions being proposed at the upcoming 2026 Annual General Meeting.
In addition, the Company has initiated a search for an additional independent Director with an internationally recognized search firm to support further Board renewal over the coming year. Mr. Vendramin will serve on the Board’s Corporate Governance and Compensation Committee and on a Board working group leading this director search process on behalf of the Corporate Governance Committee and the Board.
Mr. Vendramin has over 20 years of experience in investments, including capital markets, corporate finance, debt financing and governance. He is currently Chief Investment Officer of Properly Investments, a Calgary-based family office where he is responsible for capital allocation, investment strategy, and portfolio construction, as well as governance oversight of portfolio companies. He has worked closely with management teams and boards to drive operational performance, optimize capital structures, and execute value creation initiatives across a concentrated portfolio of public and private investments.
Mr. Vendramin noted, “I appreciate the opportunity to join the Board and look forward to working with my fellow directors and management to support its continued growth.”
“We are pleased to reach this constructive Agreement with Properly Investments and welcome Mark to the Board,” said Alan Wallace, Chair of Swiss Water. “He brings a depth of experience and judgment that will be a valuable addition to our Board as we continue to execute on our strategies. The Board is aligned and focused on driving shareholder value through operational excellence, increased cash flow generation, and improved balance sheet strength.”
