Vecima Announces Annual General Meeting to be held on December 12, 2022 at 10 am PT
November 22 2022 - 8:00AM
Business Wire
Vecima Networks Inc. (TSX: VCM) (“Vecima” or the
“Company”) filed its Annual General Meeting (the
“AGM”) materials, including its notice of meeting and
management information circular (the “Circular”), announcing
that its AGM will be held virtually on Monday, December 12, 2022 at
10am PT. Please visit sedar.com to access copies of the AGM
materials and obtain details on the items of business scheduled at
the AGM.
As noted in the Circular, Vecima is nominating Mr. Rick Brace as
a director nominee for Vecima’s board of directors (the
“Board”). If elected, Mr. Brace will serve as an independent
director and sit on the Board’s Audit Committee and Corporate
Governance and Compensation Committee. Mr. Brace has over 40 years
of experience in the broadcast and media industry and has worked at
some of the largest media outlets in North America. His experience
includes executive positions at Rogers Media, TSN, Discovery
Channel and Bell Media. From 2015 to January 2020, he served as
President of Rogers Media. From 2000 to 2015 he held various
executive positions at Bell Media (formerly CTV GlobeMedia). Mr.
Brace also served as Chairman of CTV Specialty Television and
Chairman of Discovery Canada from 2010 to 2015. He holds a Bachelor
of Arts in Radio and Television from Ryerson (Toronto Metropolitan
University).
After the AGM Kent Elliott will step down from his position as
Lead Independent Director and chair of the Audit Committee. Kent
has been a Vecima director since August 2015 and was also a member
of the Corporate Governance and Compensation Committee. Following
the AGM, current Vecima director Scott Edmonds will serve as Lead
Independent Director and Chair of the Audit Committee. Mr. Edmonds
previously served as a director of Vecima from April 2015 to
September 2017 and rejoined Vecima’s Board in June 2022. Mr.
Edmonds has previously served in an audit committee chair
position.
“On behalf of the Board I would like to thank Kent for the
extensive contributions he has made to Vecima over the years and
wish him continued success,” said Surinder Kumar, Chair of the
Board.
Full biographies for each of the Board nominees can be found in
the Circular.
About Vecima Networks Vecima Networks Inc. (TSX: VCM) is
leading the global evolution to the multi-gigabit, content-rich
networks of the future. Our talented people deliver future-ready
software, services, and integrated platforms that power broadband
and video streaming networks, monitor and manage transportation,
and transform experiences in homes, businesses, and everywhere
people connect. We help our customers evolve their networks with
cloud-based solutions that deliver ground-breaking speed, superior
video quality, and exciting new services to their subscribers.
There is power in connectivity – it enables people, businesses, and
communities to grow and thrive. For more information, please visit
our website at www.vecima.com.
Forward-Looking Statements
This news release and the documents incorporated by reference
contain “forward-looking information” within the meaning of
applicable securities laws. Forward-looking information is
generally identifiable by use of the words “believes”, “may”,
“plans”, “will”, “anticipates”, “intends”, “could”, “estimates”,
“expects”, “forecasts”, “projects” and similar expressions, and the
negative of such expressions. Forward-looking statements in this
news release includes, but is not limited to statements respecting
the holding of Vecima’s AGM, the future composition of Vecima’s
Board committees, and the election and nomination of Board members.
The forward-looking statements are based on material assumptions
which may prove to be incorrect. A more complete list of material
factors or assumptions relating to developing forward-looking
information is disclosed under the heading “Forward-Looking
Information” in the Company’s Circular. Although management
believes that the forward-looking statements herein or incorporated
herein by reference are reasonable, actual results could be
substantially different due to the risks and uncertainties
associated with and inherent to Vecima’s business. A more complete
discussion of the risks and uncertainties facing Vecima is
disclosed under the heading “Risk Factors” in the Company’s Annual
Information Form dated September 22, 2022, as well as the Company’s
continuous disclosure filings with Canadian securities regulatory
authorities available at www.sedar.com. All forward-looking
information herein is qualified in its entirety by this cautionary
statement, and Vecima disclaims any obligation to revise or update
any such forward-looking information or to publicly announce the
result of any revisions to any of the forward-looking information
contained herein to reflect future results, events or developments,
except as required by law.
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