Who Owns FTG Company?

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Who Owns Firan Technology Group Corporation?

Understanding a company's ownership structure is crucial for discerning its strategic direction and accountability. Firan Technology Group Corporation (FTG), a manufacturer of printed circuit boards, recently acquired FLYHT Aerospace Solutions Ltd. in December 2024, highlighting shifts in corporate ownership.

FTG, founded as Helix Circuits Inc. in 1983, specializes in high-performance circuit boards for aerospace and defense. Its recent financial performance shows significant growth, with 2024 revenues reaching $162.1 million, a 20% increase from 2023.

Who owns FTG Corporation?

Firan Technology Group Corporation, originally established as Helix Circuits Inc. on April 18, 1983, embarked on its journey with a clear objective to be a significant entity within the printed circuit board sector. The precise identities of its initial founders and the exact distribution of their equity at the company's inception are not publicly disclosed in available records.

Founding Vision

The company's foundational vision was centered on establishing a strong presence in the printed circuit board industry.

Original Name

Initially, the company operated under the name Helix Circuits Inc. before undergoing name changes.

Name Evolution

The company transitioned to Circuit World Corporation on June 2, 1995, and subsequently became Firan Technology Group Corporation in May 2004.

Early Investment Details

Specifics regarding early backers, angel investors, or friends and family who acquired stakes during the initial phase are not readily available.

Initial Agreements

Details on initial agreements such as vesting schedules or buy-sell clauses are not explicitly outlined in the provided information.

Founding Team's Vision Reflection

Information on how the founding team's vision directly influenced the initial distribution of control is not explicitly detailed.

While the specific details of the founders and their initial ownership stakes are not publicly documented, the company's history shows a strategic evolution through name changes, reflecting its growth and adaptation within the technology sector. Understanding the Target Market of FTG provides context for its early operational focus.

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Firan Technology Group Corporation's journey as a publicly traded entity has seen its ownership evolve, reflecting its market presence on both the Toronto Stock Exchange (TSX: FTG) and the OTCQX Exchange (FTGFF). This public status means its ownership is distributed among various investor types.

The ownership landscape of Firan Technology Group Corporation is characterized by a significant retail investor base, alongside key strategic stakeholders. As of May 23, 2025, retail investors collectively own 55% of the company, highlighting broad public participation in its governance. The top 19 shareholders collectively manage 45% of the business, indicating a concentration of influence among major investors. Oakwest Corporation Limited is the largest single shareholder, holding 19% of the outstanding shares. Bradley Bourne, the President and Chief Executive Officer, is also a substantial shareholder with an 11% stake, valued at approximately CA$32.45 million. The Toronto-Dominion Bank, through its Banking Investments division, holds a notable 9.5% of the shares. Furthermore, institutional investors play a role, with 11 entities having filed with the SEC, collectively holding 103,568 shares, including prominent investment groups like Dimensional Funds. The company's strategic capital deployment, including investments in technology and acquisitions, is designed to enhance shareholder value, aligning with the Growth Strategy of FTG.

Understanding FTG Company Ownership

The FTG Company ownership structure reveals a blend of public and concentrated interests. Understanding who owns FTG is crucial for assessing its strategic direction and corporate governance.

• Retail investors hold the majority stake at 55%.
• Major shareholders, including Oakwest Corporation Limited and the CEO, represent significant influence.
• Institutional investors, though smaller in number of filers, contribute to the FTG Company structure.
• The FTG Company management, led by Bradley Bourne, is directly invested in the company's success.

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The current Board of Directors for Firan Technology Group Corporation is comprised of individuals elected by shareholders, with their roles and influence shaped by voting power and share ownership. The board's composition directly reflects shareholder confidence, as demonstrated by the voting outcomes at recent annual general meetings.

The voting structure for Firan Technology Group Corporation's common shares adheres to a one-share-one-vote principle, meaning each share grants its holder a single vote. This system ensures that voting power is directly proportional to share ownership, a key aspect of the company's corporate governance. The recent AGM results, where directors received substantial affirmative votes, underscore this principle. While major shareholders like Oakwest Corporation Limited and Bradley Bourne hold significant stakes, there are no indications of dual-class share structures or other mechanisms that would disproportionately amplify control beyond standard share ownership. The average tenure of the management and board, at 5.8 and 6.2 years respectively, suggests a stable and experienced leadership team guiding the company's direction, aligning with the Mission, Vision & Core Values of FTG.

Board of Directors and Shareholder Influence

The election of directors at Firan Technology Group Corporation's AGMs is a direct reflection of shareholder sentiment and voting power. The high approval percentages for most directors indicate strong shareholder support for the current board's leadership and strategy.

• Bradley C. Bourne, as President and CEO, also holds a substantial personal stake of 10.93%, reinforcing his influence.
• The voting results, such as David F. Masotti's temporary continuation in office after failing to secure a majority vote against re-election (50.02% votes against), highlight the direct impact of shareholder votes on board composition.
• The absence of dual-class shares or golden shares suggests a governance structure where voting power is primarily tied to economic ownership.
• The collective voting power of major FTG Company stakeholders, including significant shareholders and the executive team, shapes the company's strategic direction.

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Firan Technology Group Corporation (FTG) has undergone significant strategic developments and ownership trends over the past few years, focusing on expansion and market positioning. These moves indicate a proactive approach to growth and a strengthening of its corporate structure.

FTG's financial strategy includes a commitment to growth, aiming for 15% annual compounded growth and doubling its size every five years through organic expansion and acquisitions. The company also targets a debt to EBITDA ratio below 1:1, demonstrating a focus on financial health alongside aggressive expansion. This approach is supported by recent leadership appointments and strategic investments, as detailed in their Marketing Strategy of FTG.

Shareholder Value Focus

FTG's share price saw a significant increase of 88.55% from CA$6.20 to CA$11.69 between July 2024 and July 2025. The company's Normal Course Issuer Bid reflects a commitment to returning value to its FTG Company shareholders.

Strategic Expansion Initiatives

The company is actively expanding its global footprint with plans for a new facility in Hyderabad, India. This move is designed to bolster strategic growth and broaden FTG Company's market reach.

Financial Health and Debt Management

FTG maintained a strong balance sheet, with net debt at $0.7 million at year-end 2024. While debt increased to $8.3 million in Q1 2025 due to investments, the company aims to keep its debt to EBITDA ratio below 1:1.

Key Acquisitions and Partnerships

The acquisition of FLYHT Aerospace Solutions Ltd. in December 2024 significantly bolstered FTG's position in the aerospace sector. FTG Company also secured key contracts with COMAC and De Havilland Aircraft of Canada Ltd.

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