Evertz Technologies Announces Results of Annual General and Special Meeting

Rhea-AI Summary

Evertz Technologies (TSX: ET) has announced the voting results of its 2024 Annual General and Special Meeting of Shareholders held in Burlington, Ontario. Key outcomes include:

1. Election of seven directors, with all nominees receiving over 90% approval.
2. Unanimous re-appointment of BDO Canada LLP as auditors.
3. Re-approval of the Company's stock option plan with 92% support.
4. Re-approval of the 2022 Restricted Share Unit plan with 92% support.

Evertz Technologies, a leader in Software Defined Video Network (SDVN) technology, designs, manufactures, and markets video and audio infrastructure solutions for the television, telecommunications, and new-media industries. Their products help customers generate additional revenue while reducing costs through efficient signal management and workflow processes.

Positive

• All seven nominated directors were elected with over 90% approval
• Unanimous re-appointment of BDO Canada LLP as auditors
• Stock option plan re-approved with 92% shareholder support
• 2022 Restricted Share Unit plan re-approved with 92% shareholder support

Negative

• None.

Burlington, Ontario--(Newsfile Corp. - October 2, 2024) - Evertz Technologies Limited (TSX: ET), the leader in Software Defined Video Network ("SDVN") technology, is pleased to announce the voting results of its 2024 Annual General and Special Meeting of Shareholders held today, in Burlington, Ontario.

Election of Directors

The seven nominees listed in the management proxy circular of the Company were elected as directors of the Company. The election of directors was conducted by a way of vote by ballet. In accordance with the requirements of the Toronto Stock Exchange, the following table reflects the results for the election of directors, both by total and as a percentage of votes represented at the meeting:

Nominee	Votes For	% For	Votes Withheld/Against	% Withheld/Against
Romolo Magarelli	56,676,886	92%	5,131,657	8%
Douglas A. DeBruin	56,498,191	91%	5,310,352	9%
Christopher M. Colclough	59,706,590	97%	2,101,953	3%
Dr. Thomas V. Pistor	60,213,926	97%	1,594,617	3%
Don Carson	61,589,652	100%	218,891	0%
Rakesh Patel	56,584,871	92%	5,223,672	8%
Brian Piccioni	60,832,428	98%	976,115	2%

 

Re-appointment of Auditor

The resolution re-appointing BDO Canada LLP as the Company's auditors and authorizing the directors of the Company to determine the auditors' remuneration was unanimously carried pursuant to a vote by way show of hands.

Re-approval of Stock Option Plan

By a way of vote by ballot, the re-approval of the Company's stock option plan and the approval of all unallocated options thereunder were supported by the Company's shareholders. Detailed results of the vote on this matter are set out below.

Motion	Votes For	% For	Votes Against	% Against
Re-Approval of the Company's Stock Option Plan	56,601,190	92%	5,207,352	8%

 

Re-approval of the 2022 Restricted Share Unit Plan

By a vote by way of vote by ballot, the re-approval of the Company's 2022 Restricted Share Unit plan and the approval of all allocated and restricted share units thereunder were supported by the Company's shareholders. Detailed results of the vote on this matter are set out below.

Motion	Votes For	% For	Votes Against	% Against
Re-Approval of the 2022 Restricted Share Unit Plan	56,880,574	92%	4,927,968	8%

 

About Evertz

Evertz Technologies Limited (TSX: ET) designs, manufactures and markets video and audio infrastructure solutions for the television, telecommunications and new-media industries. The Company's solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their increasingly complex multi-channel digital, and high and ultra-high definition television ("HDTV" and "UHD") and next generation high bandwidth low latency IP network environments and by telecommunications and new-media companies. The Company's products allow its customers to generate additional revenue while reducing costs through efficient signal routing, distribution, monitoring and management of content as well as the automation and orchestration of more streamlined and agile workflow processes on premise and in the "Cloud".

Contact Information

Evertz Technologies Limited
Doug Moore
Chief Financial Officer
(905) 335-3700
ir@evertz.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225386

FAQ

What were the key outcomes of Evertz Technologies' 2024 Annual General and Special Meeting?

The key outcomes were: election of seven directors, unanimous re-appointment of BDO Canada LLP as auditors, re-approval of the stock option plan with 92% support, and re-approval of the 2022 Restricted Share Unit plan with 92% support.

How many directors were elected at Evertz Technologies' 2024 Annual General Meeting?

Seven directors were elected at Evertz Technologies' 2024 Annual General Meeting, all receiving over 90% approval from shareholders.

What was the voting result for Evertz Technologies' stock option plan re-approval?

Evertz Technologies' stock option plan was re-approved with 92% of shareholders voting in favor (56,601,190 votes) and 8% voting against (5,207,352 votes).

Who was re-appointed as Evertz Technologies' auditor for 2024?

BDO Canada LLP was unanimously re-appointed as Evertz Technologies' auditor for 2024, with the directors authorized to determine the auditors' remuneration.