Sierra Wireless Announces Results of Annual Shareholders’ Meeting
May 19 2017 - 4:05PM
Business Wire
Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) (“Sierra
Wireless” or the “Company”) is pleased to announce the results from
its annual general and special meeting of shareholders (the
“Meeting”) held on May 18, 2017.
All of the seven nominees proposed by management for election to
the Board of Directors at the Meeting and listed in the Company’s
Management Information Circular dated April 11, 2017, were elected.
The Directors will remain in office until the next annual meeting
of shareholders, or until their successors are elected or
appointed.
The results of the vote on the election of the Board of
Directors are as follows:
Board of Directors
Votes in Favour
Votes Withheld
Number of Votes Percentage (%)
Number of Votes Percentage (%) Jason W.
Cohenour 9,593,018 98.55 141,333 1.45
Gregory D. Aasen
9,337,496 95.93 396,555 4.07
Robin A. Abrams 9,616,064 98.78
118,287 1.22
Paul G. Cataford 9,582,958 98.44 151,393 1.56
Charles E. Levine 9,584,032 98.46 150,319 1.54
Thomas
Sieber 9,641,694 99.05 92,658 0.95
Kent P. Thexton
9,639,239 99.02 95,112 0.98
The other items of business at the Meeting were to (i) appoint
Ernst & Young LLP, Chartered Professional Accountants, as
auditors of the Company for the ensuing year and to authorize the
directors to fix the remuneration of the auditors; (ii) consider
and, if deemed advisable, pass an ordinary resolution approving all
unallocated options, rights and other entitlements under the
Amended and Restated 1997 Stock Option Plan of the Company; and
(iii) to consider and, if deemed advisable, approve a resolution to
accept the Company’s approach to executive compensation.
By resolution passed by a show of hands, Ernst & Young LLP,
Chartered Professional Accountants, were appointed as auditors of
the Company for the ensuing year. Proxies received as of the close
of business on May 16, 2017 with respect to the reappointment of
Ernst & Young LLP, Chartered Professional Accountants, were
voted as follows: 22,103,097 common shares (representing 98.34% of
the common shares voted), voted for, and 372,272 common shares
(representing 1.66% of the common shares voted), withheld.
By resolution passed by ballot vote, the shareholders approved
all unallocated options, rights and other entitlements under the
Amended and Restated 1997 Stock Option Plan of the Company, as
follows: 8,220,394 common shares (representing 84.45% of the common
shares voted), voted in favor, and 1,513,946 common shares
(representing 15.55% of the common shares voted), voted
against.
By resolution passed by ballot vote, the shareholders approved a
resolution to accept the Company’s approach to executive
compensation, as follows: 7,517,015 common shares (representing
77.20% of the common shares voted), voted in favor, and 2,219,983
common shares (representing 22.80% of the common shares voted),
voted against.
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is building the
Internet of Things with intelligent wireless solutions that empower
organizations to innovate in the connected world. Customers Start
with Sierra because we offer the industry’s most comprehensive
portfolio of 2G, 3G and 4G embedded modules and gateways,
seamlessly integrated with our secure cloud and connectivity
services. OEMs and enterprises worldwide trust our innovative
solutions to get their connected products and services to market
faster. Sierra Wireless has more than 1,100 employees globally and
operates R&D centers in North America, Europe and Asia. For
more information, visit www.sierrawireless.com.
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Sierra Wireless, Inc.For further information, please
contact:Media Contact:Kim Homeniuk, +1 (604)
233-8028khomeniuk@sierrawireless.comorInvestor
Contact:David Climie, +1 (604)
231-1137dclimie@sierrawireless.com
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