Descartes Systems : Announces Results of Annual Shareholder Meeting
June 07, 2016 at 05:39 pm IST
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WATERLOO, Ontario, May 27, 2016 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. announced that the following matters, as set out in more detail in its Management Information Circular dated April 26, 2016, were considered and voted on by shareholders at the annual meeting of shareholders held on Thursday, May 26, 2016 in Cambridge, Ontario (the 'Meeting').
General
The total number of common shares of the Corporation represented in person or by proxy at the Meeting was 66,869,550 which represented 88.26% of the 75,762,184 common shares of the Corporation that were outstanding as of the Record Date for the Meeting, being, April 19, 2016.
Election of Directors
On a vote by ballot, each of the following 8 nominees proposed by management was elected as a director of Descartes:
Number of Votes
Number of Votes
Percentage of
Director Nominee
FOR
WITHHELD
Total Votes FOR
David Anderson
65,762,146
444,192
99.33
%
David Beatson
65,710,885
495,453
99.25
%
Deborah Close
66,185,133
21,205
99.97
%
Eric Demirian
65,198,907
1,007,431
98.48
%
Christopher Hewat
50,279,017
15,927,321
75.94
%
Jane O'Hagan
65,721,064
485,274
99.27
%
Edward Ryan
66,124,889
81,449
99.88
%
John Walker
66,184,033
22,305
99.97
%
Appointment of Auditors
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
Number of Votes
Percentage of
FOR
WITHHELD
Total Votes FOR
66,852,895
13,525
99.98
%
Amendment and Restatement of Stock Option Plan
The amended and restated stock option plan of the Corporation was approved.
Number of Votes
Number of Votes
Percentage of
FOR
AGAINST
Total Votes FOR
55,116,261
11,086,947
83.25
%
Say-On-Pay
The 'Say-On-Pay' resolution proposed by management of the Corporation was approved.
Number of Votes
Number of Votes
Percentage of
FOR
AGAINST
Total Votes FOR
62,976,730
3,226,478
95.13
%
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, 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.
The Descartes Systems Group Inc. published this content on 27 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 June 2016 12:09:02 UTC.
Original documenthttps://www.descartes.com/news-events/general-news/descartes-announces-results-annual-shareholder-meeting
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The Descartes Systems Group Inc. is focused on logistics and supply chain management business processes. It provides on-demand, software-as-a-service (SaaS) solutions focused on improving the security and sustainability of logistics-intensive businesses. The Company allows customers to use its modular, SaaS solutions to route, track and help improve the safety, 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 other logistics processes by participating in the multimodal logistics community. Its solutions include cloud-based and consist of B2B service connectivity and messaging, broker and forwarder enterprise systems, global trade intelligence, regulatory compliance, e-commerce shipping, transportation management and routing. It also provides customs declaration software for logistics services providers and shippers.