At the AGM, Quarterhill shareholders (present in person or by proxy) voted on the following matters, full details of which are set out in Quarterhill's
1. the election of the following nominees to Quarterhill's Board of Directors (the "Board"), which was approved by shareholders as follows:
Votes For | % Votes For | Votes Withheld | % Votes Withheld | ||
38,939,058 | 91.77% | 3,493,602 | 8.23% | ||
37,907,573 | 89.34% | 4,525,087 | 10.66% | ||
34,109,888 | 80.39% | 8,322,772 | 19.61% | ||
41,202,622 | 97.10% | 1,230,038 | 2.90% | ||
41,001,454 | 96.63% | 1,431,206 | 3.37% | ||
34,292,034 | 80.82% | 8,140,626 | 19.18% | ||
40,663,365 | 95.83% | 1,769,295 | 4.17% | ||
38,772,719 | 91.37% | 3,659,941 | 8.63% | ||
2. an ordinary resolution appointing
Votes For | % Votes For | Votes Withheld | % Votes Withheld |
44,978,362 | 99.37% | 287,054 | 0.63% |
3. an ordinary resolution approving an addendum relating to certain
Votes For | % Votes For | Votes Against | % Votes Against |
37,408,197 | 88.16% | 5,024,463 | 11.84% |
4. a special resolution approving an amendment to Quarterhill's current Articles of Incorporation to permit the Board to call and hold meetings of Quarterhill's shareholders in
Votes For | % Votes For | Votes Against | % Votes Against |
39,448,124 | 92.97% | 2,984,536 | 7.03% |
5. a shareholder proposal that "
Votes For | % Votes For | Votes Against | % Votes Against | Votes Abstain | % Votes Abstain |
6,714,994 | 15.83% | 33,472,541 | 78.88% | 2,245,125 | 5.29% |
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry, as well as, through its
This news release contains forward-looking statements regarding Quarterhill and its business. Forward- looking statements are based on estimates and assumptions made by Quarterhill in light of its experience and its perception of historical trends, current conditions, expected future developments and the expected effects of new business strategies, as well as other factors that Quarterhill believes are appropriate in the circumstances. The forward-looking events and circumstances discussed herein may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting Quarterhill, including: potential risks and uncertainties relating to the ultimate geographic spread of the novel coronavirus ("COVID-19"); the severity of the disease; the duration of the COVID-19 outbreak; actions that may be taken by governmental authorities to contain the COVID-19 outbreak or to treat its impact; the potential negative impacts of COVID-19 on the global economy and financial markets and any resulting impact on Quarterhill and/or its business. Other factors include, without limitation, the risks described in Quarterhill's
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