Sierra Wireless Announces Results of Annual Shareholders’ Meeting
June 03 2021 - 4:30PM
Business Wire
Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) (“Sierra
Wireless” or the “Company”) is pleased to announce the results from
its annual general meeting of shareholders (“Shareholders”) held on
June 2, 2021 (the “Meeting”).
Results of the Meeting
All of the eleven nominees proposed by management for election
to the Board at the Meeting and listed in the Company’s Management
Information Circular dated April 28, 2021 (the “Circular”) were
elected to the Board. 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 directors are as
follows:
Director
Votes in Favour
Votes Withheld
Number of Votes
Percentage (%)
Number of Votes
Percentage (%)
Robin A. Abrams
19,684,225
96.91%
627,400
3.09%
James R. Anderson
20,079,133
98.86%
232,492
1.14%
Karima Bawa
19,862,453
97.79%
449,172
2.21%
Russell N. Jones
19,898,582
97.97%
413,043
2.03%
Thomas K. Linton
19,934,401
98.14%
377,224
1.86%
Martin D. Mc Court
20,077,284
98.85%
234,341
1.15%
Lori M. O’Neill
19,622,877
96.61%
688,748
3.39%
Thomas Sieber
19,675,464
96.87%
636,161
3.13%
Kent P. Thexton
19,914,282
98.04%
397,343
1.96%
Mark Twaalfhoven
19,935,723
98.15%
375,902
1.85%
Gregory L. Waters
20,075,580
98.84%
236,045
1.16%
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) approve
certain amendments to the Company’s 2011 Treasury Based Restricted
Share Unit Plan and to approve all unallocated entitlements
thereunder; (iii) approve certain amendments to the Company’s
Amended and Restated 1997 Stock Option Plan; and (iv) approve an
advisory resolution to accept the Company’s approach to executive
compensation.
By resolution passed by way of ballot, the Shareholders approved
the reappointment of Ernst & Young LLP, Chartered Professional
Accountants, as auditors of the Company for the ensuing year, as
follows:
Votes For
% Votes For
Votes Withheld
% Votes Withheld
24,910,144
98.88%
282,992
1.12%
By resolution passed by way of ballot, the Shareholders approved
certain amendments to and all of the unallocated entitlements under
the Company’s 2011 Treasury Based Restricted Share Unit Plan (the
“Treasury RSU Plan”), as more particularly described in the
Company’s Management Information Circular dated April 28, 2021 (the
“Circular”), as follows:
Votes For
% Votes For
Votes Against
% Votes Against
15,465,660
76.14%
4,845,965
23.86%
By resolution passed by way of ballot, the Shareholders approved
certain amendments to the Company’s Amended and Restated 1997 Stock
Option Plan (the “Option Plan”), as more particularly described in
the Circular, as follows:
Votes For
% Votes For
Votes Against
% Votes Against
18,854,154
92.82%
1,457,471
7.18%
By resolution passed by way of ballot, the Shareholders approved
a non-binding resolution approving the compensation of the
Company’s named executive officers, as follows:
Votes For
% Votes For
Votes Against
% Votes Against
18,766,235
92.39%
1,545,389
7.61%
No other business was voted upon at the Meeting.
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is a leading IoT
solutions provider that combines devices, network services and
software to unlock value in the connected economy. Companies
globally are adopting IoT to improve operational efficiency, create
better customer experiences, improve their business models and
create new revenue streams. Whether it is an integrated solution to
help a business securely connect edge devices to the cloud, or a
software/API service to help manage processes associated with
billions of connected assets, or a platform to extract real-time
data to make the best business decisions, Sierra Wireless will work
with you to develop the right industry-specific solution for your
next IoT endeavor. Sierra Wireless operates a 24/7/365 Global
Network Operation Center (GNOC) and R&D centers in North
America, Europe and Asia. For more information, visit
www.sierrawireless.com.
Connect with Sierra Wireless on the IoT Blog at
http://www.sierrawireless.com/iot-blog, on Twitter at
@SierraWireless, on LinkedIn at
https://www.linkedin.com/company/sierra-wireless and on YouTube at
https://www.youtube.com/SierraWireless.
“Sierra Wireless” is a registered trademark of Sierra Wireless.
Other product or service names mentioned herein may be the
trademarks of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20210603006018/en/
Media Contact: Louise Matich +1 (236) 979-2158
pr@sierrawireless.com
Investor Contact: David Climie +1 (604) 231-1137
dclimie@sierrawireless.com
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