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    SEC Form 6-K filed by Vision Marine Technologies Inc.

    4/3/26 4:30:09 PM ET
    $VMAR
    Marine Transportation
    Industrials
    Get the next $VMAR alert in real time by email
    6-K 1 tm2611094d1_6k.htm FORM 6-K

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    FORM 6-K

     

    REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

    UNDER THE SECURITIES EXCHANGE ACT OF 1934

     

    For the month of February 2026

     

    Commission File No. 001-39730

     

    VISION MARINE TECHNOLOGIES INC.

    (Translation of registrant’s name into English)

     

    730 Boulevard du Curé-Boivin

    Boisbriand, Québec, J7G 2A7, Canada

    (Address of principal executive office)

     

    Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

     

    Form 20-F x    Form 40-F ¨

     

    Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) ¨

     

    Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ¨

     

     

     

     

     

     

    Submission of Matters to a Vote of Security Holders.

     

    On February 28, 2026, Vision Marine Technologies Inc. (the “Company”) convened its Annual General Meeting of Shareholders (the “Meeting”).

     

    Represented at the Meeting were 6,485,922 common shares of the Company, no par value (the “Common Shares”), or 17.53%, of the Company’s 37,008,735 Common Shares entitled to vote at the Meeting, which amount constituted a quorum. The final voting results for each matter submitted to a vote of shareholders at the Meeting are as follows:

      

     

     

     

    1. Election of directors

     

    The shareholders approved the proposal as an ordinary resolution to elect the following as directors to serve on the Board of Directors of the Company, to hold office until the next annual meeting of shareholders and until his or her respective successor is elected and duly qualified.

     

    Director’s Name  For   Against   Abstain   Broker Non-Vote 
    Steve P. Barrenechea   3,329,010    299,510    18,951    2,838,451 
                         
    Luisa Ingargiola   3,358,719    267,815    20,937    2,838,451 
                         
    Alexandre Mongeon   3,254,786    381,337    11,348    2,838,451 
                         
    Dr. Philippe Couillard   3,400,026    228,170    19,275    2,838,451 
                         
    Pierre Yves Terrisse   3,331,772    304,175    11,521    2,838,451 

     

    2. Appointment of M&K CPAs, PLLC (“M&K”), as the Company’s independent registered public accounting firm for the ensuing year and authorization of the board of directors to fix the remuneration to be paid to M&K for the ensuing year.

     

    The shareholders approved the proposal as an ordinary resolution to ratify the appointment of M&K as the Company’s independent auditors for the ensuing year and to authorize the Board of Directors to fix the remuneration to be paid to M&K for the ensuing year.

     

    For   Against   Abstain   Broker Non-Vote
    6,276,126   199,041   10,755   0

     

     

    3. Adoption of Amended and Restated Restricted Share Unit (“RSU”) Plan

     

    The shareholders approved the proposal as an ordinary resolution to adopt an RSU plan that provides for the award of restricted share units to eligible employees, consultants, directors and officers of the Company. 

     

    For   Against   Abstain   Broker Non-Vote
    3,262,3881   350,214   34,869   2,838,451

     

     

    4. Adoption of Amended and Restated Stock Option Plan

     

    The shareholders approved the proposal as an ordinary resolution to adopt an amended and restated stock option plan that provides for the for the issuance of stock options to acquire at any time up to a maximum of the lesser of (i) 10% of the Corporation’s issued and outstanding Common Shares, including previously granted stock options; and (ii) such number of Common Shares as, when combined with all other Common Shares subject to grants made under the Corporation’s other share compensation arrangements would not exceed 10% of the outstanding Common Shares. 

     

    For   Against   Abstain   Broker Non-Vote
    3,214,4542   416,205   16,812   2,838,451

     

     

    1 3,236,108 without the votes of the Alexandre Mongeon, Raffi Sossoyan, Maxime Poudrier, Daniel Rathe, Steve Barrenechea and Luisa Ingargiola, being interested parties to this resolution.

     

    2 3,188,174 without the votes of the Alexandre Mongeon, Raffi Sossoyan, Maxime Poudrier, Daniel Rathe, Steve Barrenechea and Luisa Ingargiola, being interested parties to this resolution..

     

     

     

     

    5. To approve relocation compensation for Mr. Alexandre Mongeon.

     

    The shareholders approved the proposal as an ordinary resolution to grant Mr. Alexandre Mongeon share compensation for relocation in the form of 285,000 Common Shares of the Company.

     

    For   Against   Abstain   Broker Non-Vote
    3,048,0763    570,531   28,864   2,838,451

     

    6. To approve milestones compensation for Mr. Alexandre Mongeon.

     

    The shareholders approved the proposal as an ordinary resolution to grant Mr. Alexandre Mongeon milestones compensation in the form of 500,000 Common Shares of the Company.

     

    For   Against   Abstain   Broker Non-Vote
    3,080,5384    537,011   29,932   2,838,451

     

    7. To approve restricted share unit compensation for Mr. Alexandre Mongeon.

     

    The shareholders approved the proposal as an ordinary resolution to grant Mr. Alexandre Mongeon share compensation for relocation in the form of 500,000 restricted share units of the Company.

     

    For   Against   Abstain   Broker Non-Vote
    3,089,7455   527,766   29,960   2,838,451

     

    Other Events

     

    ATM Update

     

    As previously disclosed, on January 26, 2026, on January 23, 2026 the Company announced that it entered into an at the market sales agreement (the “Sales Agreement”) with ThinkEquity LLC (the “Agent”), as sales agent, pursuant to which the Company may offer and sell, from time to time through the Agent, Common Shares of the Company having an aggregate offering price of up to $16.3 million from time to time through the Agent pursuant to the Company’s prospectus supplement, dated January 23, 2026 to its shelf registration statement on Form F-3 (File No. 333- 291917).

     

    Under the Sales Agreement, from January 23, 2026 to April 2, 2026 the Company issued an aggregate of 494,889 Common Shares, resulting in aggregate net proceeds to the Company of approximately $1.26 million.

     

    General

     

    The information contained in this Report on Form 6-K is hereby incorporated by reference into our Registration Statement on Form F-3 (File No. 333-284423), Registration Statement on Form F-3 (File No. 333-291917) and Registration Statement on Form S-8 (File No. 333--264089).

     

     

    3 3,047,055 without the votes of Alexandre Mongeon, being an interested party to this resolution.

    4 3,047,055 without the votes of Alexandre Mongeon, being an interested party to this resolution.

    5 3,047,055 without the votes of Alexandre Mongeon, being an interested party to this resolution.

     

     

     

     

     

    SIGNATURE

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

      VISION MARINE TECHNOLOGIES INC.
         
    Date: April 3, 2026 By: /s/ Raffi Sossoyan
      Name: Raffi Sossoyan
      Title: Chief Financial Officer

     

     

     

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