Ebix Announces Results of the Company’s Annual Shareholders Meeting
August 19 2019 - 9:31AM
Ebix Inc. (NASDAQ: EBIX), the leading international supplier of
On-Demand software and E-commerce services to the insurance,
financial, healthcare and e-learning industries today announced the
results of the Company’s annual meeting of shareholders, that was
held on August 15, 2019 at Alpharetta, Georgia 30022.
The key voting results on the matters acted upon
by the Company’s shareholders at the annual meeting were as under
–
- The selection of RSM US LLP as the
Company’s independent registered public accounting firm for the
fiscal year ending December 31, 2019 was ratified, with a 98% vote
in favor, out of the total votes cast, that included 103,388
abstentions also.
- All the Board nominees were elected
to serve as a member of the Board of Directors of the Company for a
one-year term until the 2020 annual meeting of shareholders and
until their respective successors are duly elected and qualified.
Ebix CEO Robin Raina’s election to the Board was ratified with a
97.2% vote in favor, out of the total votes cast.
- The advisory compensation vote,
related to compensation paid to Ebix’s CEO was approved with a
72.5% vote in favor, out of the total votes cast.
The company also filed an 8-K detailing the
results of the Company’s annual meeting of shareholders on August
15th 2019.
About Ebix, Inc.
With 50+ offices across 6 continents, Ebix,
Inc., (NASDAQ: EBIX) endeavors to provide On-Demand software and
E-commerce services to the insurance, financial, healthcare and
e-learning industries. In the Insurance sector, Ebix’s main focus
is to develop and deploy a wide variety of insurance and
reinsurance exchanges on an on-demand basis, while also, providing
Software-as-a-Service ("SaaS") enterprise solutions in the area of
CRM, front-end & back-end systems, outsourced administration
and risk compliance services, around the world.
With a "Phygital” strategy that combines 320,000 physical
distribution outlets in many Southeast Asian Nations (“ASEAN”)
countries, to an Omni-channel online digital platform, the
Company’s EbixCash Financial exchange portfolio encompasses
leadership in areas of domestic & international money
remittance, foreign exchange (Forex), travel, pre-paid & gift
cards, utility payments, lending, wealth management etc. in India
and other markets. EbixCash’s Forex operations have emerged as a
leader in India’s airport Foreign Exchange business with operations
in 32 international airports including Delhi, Mumbai, Bangalore,
Hyderabad, Chennai and Kolkata, conducting over $4.8 billion in
gross transaction value per year. EbixCash’s inward remittance
business in India conducts approx. $6.5 billion gross annual
remittance business, confirming its undisputed leadership position
in India. EbixCash, through its travel portfolio of Via and
Mercury, is also one of Southeast Asia’s leading travel exchanges
with over 2,200+ employees, 212,450+ agent network, 25 branches and
over 9,800 corporate clients; processing an estimated $2.5 billion
in gross merchandise value per year. For more information, visit
the Company’s website at www.ebix.com
CONTACT:
Darren Joseph
IR@ebix.com or 678 281 2027
David Collins or Chris Eddy
Catalyst Global - 212-924-9800 or ebix@catalyst-ir.com
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