MDA SPACE ANNOUNCES 2026 ANNUAL GENERAL MEETING RESULTS

MDA Space (TSX: MDA, NYSE: MDA) announced results of its virtual Annual General Meeting on May 7, 2026.

Rhea-AI Summary

MDA Space (TSX: MDA, NYSE: MDA) announced results of its virtual Annual General Meeting on May 7, 2026. About 82,059,296 shares (59.18%) were represented. All seven director nominees were elected. KPMG LLP was appointed auditor. An advisory vote on executive compensation passed with 94.47% for.

Positive

• Seven directors elected with strong majority support
• KPMG appointed auditor with 99.89% shareholder support
• Advisory compensation vote passed with 94.47% approval

Negative

• Only 59.18% of shares represented at the meeting
• Jill Smith received 8.28% withheld votes indicating dissent
• Brendan Paddick received 5.46% withheld votes indicating dissent

Argus May 8 session

+1.05% close to close Open Argus

Details

News Market Reaction – MDA

In the May 8 session, MDA gained 1.05%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details 2026 AGM outcomes, including the election of 7 directors, strong sharehold...

Analysis

This announcement details 2026 AGM outcomes, including the election of 7 directors, strong shareholder turnout of 82,059,296 shares, near-unanimous auditor approval, and high support for executive compensation. These are routine governance items that confirm continuity rather than introduce new strategic information. Investors may focus more on recent contract wins, product launches, and upcoming financial results to assess operational momentum beyond these voting results.

Key Figures

Shares represented: 82,059,296 shares Participation rate: 59.18% Board size: 7 directors +5 more

Shares represented

82,059,296 shares

Common shares represented at 2026 AGM

Participation rate

59.18%

Percentage of issued and outstanding shares at AGM

Board size

7 directors

Number of directors fixed to be elected at Meeting

Votes for Baltacioglu

76,280,937 (97.48%)

Votes for director nominee Yaprak Baltacioglu

Votes for Greenley

78,120,897 (99.83%)

Votes for director nominee Michael Greenley

Votes for Jill Smith

71,777,903 (91.73%)

Votes for director nominee Jill Smith

Votes for auditor

81,964,884 (99.89%)

Appointment of KPMG LLP as independent auditor

Say-on-pay support

73,928,932 (94.47%)

Advisory vote for executive compensation approach

Historical Context

5 past events · Latest: May 05

5 events

1. May 05

   Customer commitments

   24h Move

   -1.2%

   Early customer contracts and interest for MDA CHORUS data constellation.

2. Apr 20

   Contract award

   24h Move

   -2.3%

   Repeat Airbus order for hundreds of Ka-band and Ku-band antennas.

3. Apr 14

   Earnings scheduling

   24h Move

   +3.3%

   Announcement of Q1 2026 earnings call and AGM timing details.

4. Apr 13

   Product launch

   24h Move

   +2.4%

   Unveiling of MDA MIDNIGHT space control platform for orbital defense.

5. Mar 24

   Market update

   24h Move

   -10.4%

   Update on NASA Artemis changes and status of Canadarm3 contract.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TORONTO , May 7, 2026 /PRNewswire/ - MDA Space Ltd. ("MDA Space") (TSX:MDA) (NYSE:MDA) announced today the results of its Annual General Meeting of Shareholders (the "Meeting") which took place virtually on May 7, 2026. A total of 82,059,296 common shares (representing approximately 59.18% of all issued and outstanding common shares of MDA Space) were represented at the Meeting. The complete voting results for each item of business at the Meeting are presented below.

Election of Directors
The Board of Directors of MDA Space had fixed at seven the number of directors (the "Directors") to be elected at the Meeting. Following the vote at the Meeting, each of the seven nominees listed in the MDA Space Management Information Circular dated March 30, 2026 was duly elected as a Director of the MDA Space Board of Directors until the close of the next annual meeting of shareholders or until their successor is appointed.

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Yaprak Baltacioglu	76,280,937	97.48 %	1,972,166	2.52 %
Darren Farber	78,068,877	99.77 %	184,226	0.24 %
Michael Greenley	78,120,897	99.83 %	132,206	0.17 %
Brendan Paddick	73,979,072	94.54 %	4,274,031	5.46 %
Jill Smith	71,777,903	91.73 %	6,475,200	8.28 %
Karl Smith	78,091,125	99.79 %	161,978	0.21 %
Yung Wu	76,986,313	98.38 %	1,266,790	1.62 %

Appointment of Auditor
Following the vote at the Meeting, KPMG LLP was appointed as the independent auditor of MDA Space until the close of the next annual meeting of shareholders, and the Directors were authorized to fix the auditor's remuneration.

Votes For	% Votes For	Votes Withheld	% Votes Withheld
81,964,884	99.89 %	94,411	0.12 %

Advisory Vote on Approach to Compensation
The shareholders also approved, on an advisory basis, a resolution on the company's approach to executive compensation.

Votes For	% Votes For	Votes Against	% Votes Against
73,928,932	94.47 %	4,324,171	5.53 %

ABOUT MDA SPACE
Building the space between proven and possible, MDA Space (TSX:MDA; NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that's been in our DNA since day one. For those who dream big and push boundaries on the ground and in the stars to change the world for the better, we'll take you there. For more information, visit www.mda.space.

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SOURCE MDA Space

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many MDA (TSX:MDA) shares were represented at the May 7, 2026 AGM?

About 82,059,296 shares (59.18%) were represented at the AGM. According to the company, that figure reflects the total common shares voting virtually at the meeting on May 7, 2026.

Were all seven director nominees elected at MDA's May 7, 2026 AGM (MDA)?

Yes. All seven nominees were duly elected as directors until the next annual meeting. According to the company, each nominee listed in the management circular received a majority of votes.

What was the shareholder vote result for appointing KPMG as MDA's auditor?

KPMG LLP was appointed with 81,964,884 votes for (99.89%). According to the company, directors were authorized to fix the auditor's remuneration following the appointment.

What were the results of MDA's advisory vote on executive compensation (May 7, 2026)?

The advisory resolution passed with 73,928,932 votes for (94.47%). According to the company, the vote was non-binding and reflects shareholder sentiment on executive compensation approach.

Which director nominees received notable withheld votes at MDA's 2026 AGM (MDA)?

Jill Smith had 6,475,200 withheld (8.28%) and Brendan Paddick had 4,274,031 withheld (5.46%). According to the company, those are the largest withheld vote totals among nominees.