OpenText Announces Voting Results for Election of Directors

Rhea-AI Summary

Open Text (NASDAQ: OTEX) confirmed the election of its board nominees at the virtual annual meeting held Dec 9, 2025. Shareholders holding 216,406,723 common shares (85.84% outstanding) were present or represented by proxy. All listed nominees were elected by ballot to serve until the next annual meeting or until their successors are appointed.

Detailed vote totals for each director are provided, including vote percentages ranging from 87.40% to 99.70%.

Key Figures

Shares represented 216,406,723 shares Common shares present or by proxy at the Meeting

Turnout 85.84% Percent of outstanding common shares at the Meeting

Jenkins support 96.27% for Vote in favor of director P. Thomas Jenkins

Hastings support 99.69% for Vote in favor of director John Hastings

Market Reality Check

$33.53 Last Close

Volume Volume 933,091 vs 20-day average 1,208,789 (relative volume 0.77x) ahead of this governance news. normal

Technical Price 33.65 trading above 200-day MA at 30.81, with shares about 15.66% below the 52-week high.

Peers on Argus

Peers show mixed moves: NICE +0.69%, PEGA +0.35%, ESTC +1.27%, SRAD +2.14%, while CVLT is -1.76%. No clear sector-wide driver is flagged.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 02	Analyst recognition	Positive	-0.4%	IDC MarketScape named OpenText a Leader in analytical databases.
Nov 19	Cloud AI partnership	Positive	+0.6%	Expanded Google Cloud partnership for AI, data protection, and sovereign cloud.
Nov 18	AI platform launch	Positive	+0.6%	Launch of OpenText AI Data Platform and roadmap for Aviator offerings.
Nov 13	Industry report	Neutral	-1.6%	World Quality Report on GenAI adoption and scaling challenges in QA.
Nov 10	SAP collaboration	Positive	+0.5%	SAP S/4HANA Cloud certification for OpenText Core Content Management.

Pattern Detected

Recent product and partnership announcements generally saw modest positive price reactions, with one divergence where leadership recognition coincided with a slight decline.

Recent Company History

Over the last month, OpenText reported several strategic updates. On Nov 10, its SAP-certified AI-ready content management offering coincided with a small gain. Subsequent AI platform and Google partnership news on Nov 18–19 also saw modest positive reactions. The Nov 13 World Quality Report release aligned with a slightly negative move, while the Dec 2 IDC MarketScape leadership recognition was followed by a small decline. Today’s director election results fit into a stream of operational and governance disclosures.

Market Pulse Summary

This announcement confirms the formal election of directors at OpenText’s annual meeting, with 216,406,723 shares represented, equal to 85.84% of outstanding common shares. It follows recent disclosures of stronger profitability, including net income of $146,660 and diluted EPS of $0.58 in the latest 10-Q. Investors may track future filings on SEDAR+ and EDGAR for updates on governance, capital allocation, and any changes in board composition.

Key Terms

sedar+ regulatory

"reported in the Report of Voting Results as filed on SEDAR+"

SEDAR+ is Canada’s centralized online system where publicly traded companies submit required regulatory documents such as financial reports, prospectuses and disclosure statements. It gives investors a single, searchable place — like a public library or online filing cabinet — to check a company’s official records for transparency, compare performance, and verify material information before making investment decisions.

form 8-k regulatory

"and Open Text's Form 8-K filed on EDGAR"

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

edgar regulatory

"Form 8-K filed on EDGAR (https://www.sec.gov)"

EDGAR is a system used by companies to share important financial and business information with the public. It functions like an online filing cabinet where investors can access official reports and documents that help them understand a company's financial health and operations. This transparency allows investors to make more informed decisions, much like checking a company's report card before investing.

AI-generated analysis. Not financial advice.

WATERLOO, ON, Dec. 9, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX, TSX: OTEX) confirmed today that the nominees listed below were elected by shareholders at its annual meeting of shareholders (the "Meeting") held virtually today. The detailed results of the vote for the election of directors at the Meeting are set out below. Shareholders holding 216,406,723 common shares of the Company representing 85.84% of the outstanding common shares were present or represented by proxy at the Meeting.

On a vote by ballot, the following nominees were elected as a director of OpenText to serve until the next annual meeting of shareholders of OpenText or until their successors are duly elected or appointed:

	Votes For		Votes Against
P. Thomas Jenkins	204,795,917	96.27 %	7,944,882	3.73 %
Randy Fowlie	185,939,584	87.40 %	26,801,215	12.60 %
David Fraser	203,312,138	95.57 %	9,428,661	4.43 %
John Hastings	212,086,843	99.69 %	653,959	0.31 %
Robert Hau	211,960,450	99.63 %	780,350	0.37 %
Goldy Hyder	209,724,294	98.58 %	3,016,506	1.42 %
Kristen Ludgate	212,092,835	99.70 %	647,967	0.30 %
Fletcher Previn	212,097,309	99.70 %	643,493	0.30 %
Annette Rippert	209,374,004	98.42 %	3,366,797	1.58 %
George Schindler	212,101,602	99.70 %	639,198	0.30 %
Margaret Stuart	211,751,332	99.53 %	989,470	0.47 %
Deborah Weinstein	198,358,316	93.24 %	14,382,484	6.76 %

The results of other matters considered at the Meeting are reported in the Report of Voting Results as filed on SEDAR+ (https://www.sedarplus.ca) and Open Text's Form 8-K filed on EDGAR (https://www.sec.gov), each of which will be filed on or about December 9, 2025.

About OpenText

OpenText™ is a global leader in secure information management for AI, helping organizations protect, govern, and activate their data with confidence. Our technologies turn data into information with context to form the knowledge base for AI. Learn more at www.opentext.com.

OTEX-G

Copyright ©2025 Open Text. OpenText is a trademark or registered trademark of Open Text. The list of trademarks is not exhaustive of other trademarks. Registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text. All rights reserved. For more information, visit: https://www.opentext.com/about/copyright-information.

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SOURCE Open Text Corporation

FAQ

Who was elected to the Open Text board at the Dec 9, 2025 meeting (OTEX)?

All listed nominees were elected to the Open Text board to serve until the next annual meeting or their successors are appointed.

How many Open Text shares were represented at the Dec 9, 2025 annual meeting (OTEX)?

Shareholders holding 216,406,723 common shares, or 85.84% of outstanding common shares, were present or represented by proxy.

What were the vote results for Open Text director Randy Fowlie (OTEX) on Dec 9, 2025?

Randy Fowlie received 185,939,584 votes for (87.40%) and 26,801,215 votes against (12.60%).

Which Open Text director received the highest 'for' percentage at the Dec 9, 2025 meeting (OTEX)?

Several directors—John Hastings, Kristen Ludgate, Fletcher Previn, George Schindler—received 99.70% for according to the published vote totals.

Where can I find Open Text's full voting report and Form 8-K for the Dec 9, 2025 meeting (OTEX)?

The results are in the Report of Voting Results on SEDAR+ and in Open Text's Form 8-K on EDGAR, each to be filed on or about Dec 9, 2025.