Descartes Announces Results of Annual Meeting of Shareholders
June 13 2024 - 5:00PM
The Descartes Systems Group Inc. (the “Corporation”) announced the
voting results from its annual meeting of shareholders held on
Thursday, June 13, 2024 (the “
Meeting”).
Meeting Results
The following matters, as set out in more detail
in its Management Information Circular dated May 1, 2024, were
considered and voted on by shareholders at the Meeting:
General The total number of
common shares of the Corporation represented in person or by proxy
at the Meeting was 75,081,077 which represented 87.93% of the
85,390,142 common shares of the Corporation that were outstanding
as of the record date for the Meeting, being April 26, 2024.
Election of Directors On a vote
by ballot, each of the following 10 nominees proposed by management
of the Corporation was elected as a director of the
Corporation:
Director Nominee |
Number of Votes FOR |
Percentage of Votes FOR |
Number of Votes AGAINST |
Percentage of Votes AGAINST |
Deepak Chopra |
73,676,165 |
99.20% |
596,867 |
0.80% |
Deborah Close |
73,226,518 |
98.59% |
1,046,514 |
1.41% |
Eric Demirian |
71,128,917 |
95.77% |
3,144,114 |
4.23% |
Sandra Hanington |
73,394,717 |
98.82% |
878,315 |
1.18% |
Kelley Irwin |
73,970,478 |
99.59% |
302,553 |
0.41% |
Dennis Maple |
73,878,334 |
99.47% |
394,698 |
0.53% |
Chris Muntwyler |
73,393,030 |
98.82% |
880,002 |
1.18% |
Jane O’Hagan |
72,818,746 |
98.04% |
1,454,286 |
1.96% |
Edward Ryan |
73,683,795 |
99.21% |
589,237 |
0.79% |
John Walker |
72,402,933 |
97.48% |
1,870,099 |
2.52% |
|
|
|
|
|
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 |
Percentage of Votes FOR |
Number of Votes WITHHELD |
Percentage of Votes WITHHELD |
74,936,601 |
99.81% |
144,458 |
0.19% |
|
|
|
|
Amendment to Performance and Restricted
Share Unit Plan
On a vote by ballot, the resolution proposed by
management of the Corporation to make certain amendments to the
Corporation’s Performance and Restricted Share Unit Plan was
approved:
Number of Votes FOR |
Percentage of Votes FOR |
Number of Votes AGAINST |
Percentage of Votes AGAINST |
73,267,379 |
98.65% |
1,005,652 |
1.35% |
|
|
|
|
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 |
Percentage of Votes FOR |
Number of Votes AGAINST |
Percentage of Total Votes AGAINST |
72,489,754 |
97.60% |
1,783,278 |
2.40% |
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About Descartes
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global
leader in providing on-demand, software-as-a-service solutions
focused on improving the productivity, security and sustainability
of logistics-intensive businesses. Customers use our modular,
software-as-a-service solutions to route, track and help improve
the safety, performance and compliance of 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) 746-2969 investor@descartes.com
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