Descartes Announces Results of Annual and Special Shareholder Meeting
May 28 2020 - 4:01PM
The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSX:DSG) announced
that the following matters, as set out in more detail in its
Management Information Circular dated April 28, 2020, were
considered and voted on by shareholders at the annual and special
meeting of shareholders held on Thursday, May 28, 2020 (the
“Meeting”).
GeneralThe total number of
common shares of the Corporation represented in person or by proxy
at the Meeting was 76,537,034 which represented 90.95% of the
84,157,016 common shares of the Corporation that were outstanding
as of the record date for the Meeting, being April 20, 2020.
Election of DirectorsOn a vote
by ballot, each of the following 8 nominees proposed by management
of the Corporation was elected as a director of the
Corporation:
Director Nominee |
Number of Votes FOR |
Number of Votes WITHHELD |
Percentage of Total Votes FOR |
Deepak
Chopra |
75,439,983 |
104,831 |
99.86% |
Deborah
Close |
75,462,732 |
82,082 |
99.89% |
Eric
Demirian |
73,821,774 |
1,723,040 |
97.72% |
Dennis
Maple |
75,442,728 |
102,087 |
99.86% |
Chris
Muntwyler |
75,459,874 |
84,941 |
99.89% |
Jane
O’Hagan |
75,462,932 |
81,882 |
99.89% |
Edward Ryan |
75,458,748 |
86,066 |
99.89% |
John Walker |
75,452,288 |
92,527 |
99.88% |
Deepak Chopra joins as a new director of the
Corporation after having most recently served as President and
Chief Executive Officer of Canada Post Corporation from February
2011 to March 2018. Mr. Chopra has more than 30 years of global
experience in the financial services, technology, transportation,
logistics and supply chain industries. Prior to that, for more than
20 years, Mr. Chopra worked in senior executive roles for Pitney
Bowes Inc., a publicly-traded technology company known for postage
meters, mail automation and location intelligence services. He has
previously served on the boards of Canada Post Corporation,
Purolator, Inc., SCI Group, the Canada Post Community Foundation
and the Toronto Region Board of Trade. He current sits on the board
of Celestica, Inc. (TSX:CLS) and the North West Company
(TSX:NWC).
Chris Muntwyler also joins as a new director of
the Corporation following a career in which he held various senior
executive positions at Swiss Air and the positions of Chief
Executive of DHL Express (UK) Limited and Managing Director
(Switzerland, Germany and Central Europe) at DHL Express. Mr.
Muntwyler is now a management consultant through his business
Conlogic AG, where he uses his significant international experience
in the transportation, logistics and technology sectors to
specialize in strategic development, leadership guidance and
customer orientation and process automation. Mr. Muntwyler
currently serves as a non-executive director on the board of
Austrian Post (Vienna:POST) and National Express Group PLC
(LSE:NEX). Mr. Muntwyler previously served as a director of
Panalpina World Transport (Holding) Ltd. from 2010 to 2018.
Appointment of Auditors
On a vote by ballot, KPMG LLP, Chartered
Professional Accountants and Licensed Public Accountants, were
appointed as the auditors of the Corporation until the close of the
next annual meeting of shareholders or until their successors are
appointed.
Number of Votes FOR |
Number of Votes WITHHELD |
Percentage of Total Votes FOR |
76,453,3061 |
83,728 |
99.89% |
Say-On-Pay
On a vote by ballot, the “Say-On-Pay” resolution
proposed by management of the Corporation was approved.
Number of Votes FOR |
Number of Votes AGAINST |
Percentage of Total Votes FOR |
70,756,926 |
4,787,888 |
93.66% |
Shareholder Rights Plan
On a vote by ballot, the resolution proposed by
management of the Corporation to approve the continuation,
amendment and restatement of the Corporation’s shareholder rights
plan was approved.
Number of Votes FOR |
Number of Votes AGAINST |
Percentage of Total Votes FOR |
74,259,654 |
1,285,160 |
98.30% |
About DescartesDescartes
(Nasdaq:DSGX) (TSX:DSG) is the global leader in providing
on-demand, software-as-a-service solutions focused on improving the
productivity, performance and security of logistics-intensive
businesses. Customers use our modular, software-as-a-service
solutions to route, schedule, track and measure delivery resources;
plan, allocate and execute shipments; rate, audit and pay
transportation invoices; access global trade data; file customs and
security documents for imports and exports; and complete numerous
other logistics processes by participating in the world's largest,
collaborative multimodal logistics community. Our headquarters are
in Waterloo, Ontario, Canada and we have offices and partners
around the world. Learn more at www.descartes.com, and connect
with us on LinkedIn and Twitter.
Descartes Investor Contact:
Laurie McCauley (519) 746-6114 x202358investor@descartes.com
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