Quarterhill Announces Results from its Annual and Special Meeting of Shareholders

Rhea-AI Summary

Quarterhill (QTRHF) held its Annual General and Special Meeting on May 12, 2025, where shareholders voted on key corporate matters. All proposed resolutions were successfully approved. Shareholders elected six directors to the Board with approval ratings ranging from 91.23% to 92.85%. Ernst & Young Canada LLP was appointed as the company's auditor with 94.12% approval. Additionally, shareholders approved an amendment to the company's 2018 Equity Incentive Plan with 72.21% support, despite notable opposition of 27.79% of votes.

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TORONTO, May 12, 2025 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), announces results from its Annual General and Special Meeting of shareholders (the "Meeting") that was held on Monday, May 12, 2025, at 10:00 a.m. (Eastern Daylight Time). A replay of the Meeting can be viewed at the Investors section of Quarterhill's website.

At the Meeting, Quarterhill shareholders (present in person or by proxy) voted on the following, full details of which are set out in Quarterhill's April 1, 2025, Notice of Meeting and Management Information Circular issued in connection with the Meeting:

1. The election of the following nominees to Quarterhill's Board of Directors, which was approved by shareholders as follows:

	Votes For	%Votes For	Votes Against	%Votes Against
Asha Daniere	39,758,117	92.39	3,276,120	7.61
Pasquale T. (Pat) Deon	39,780,944	92.44	3,253,293	7.56
Rusty Lewis	39,260,654	91.23	3,773,583	8.77
Chuck Myers	39,958,589	92.85	3,075,648	7.15
Robin Saunders	39,765,256	92.40	3,268,981	7.60
Stephen A. Smith	39,727,221	92.32	3,307,016	7.68

2. Ordinary resolution appointing Ernst & Young Canada LLP as Quarterhill's auditors to hold office until the next annual meeting of Quarterhill's shareholders and authorizing the Company's Board of Directors to fix their remuneration, which was approved by shareholders as follows:

Votes For	% Votes For	Votes Withheld	% Votes Withheld
42,498,306	94.12	2,652,627	5.88

3. Ordinary resolution to approve, adopt and ratify an amendment to the Company's 2018 Equity Incentive Plan (the "Equity Plan"), which was approved by shareholders as follows:

Votes For	% Votes For	Votes Against	% Votes Against
31,074,583	72.21	11,959,654	27.79

About Quarterhill

Quarterhill is a leading provider of tolling, safety and enforcement, and logistics solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com.

View original content:https://www.prnewswire.com/news-releases/quarterhill-announces-results-from-its-annual-and-special-meeting-of-shareholders-302452864.html

SOURCE Quarterhill Inc.

FAQ

What were the voting results for Quarterhill's (QTRHF) 2025 Annual Meeting?

All resolutions passed with strong support: Board directors received 91-93% approval, Ernst & Young was appointed auditor with 94.12% approval, and the Equity Plan amendment passed with 72.21% support.

Who are the Board members elected at Quarterhill's 2025 Annual Meeting?

The elected Board members are Asha Daniere, Pasquale T. (Pat) Deon, Rusty Lewis, Chuck Myers, Robin Saunders, and Stephen A. Smith.

What was the highest approval rating received by a Quarterhill director in the 2025 election?

Chuck Myers received the highest approval rating among directors with 92.85% of votes in favor.

What changes were made to Quarterhill's Equity Incentive Plan in 2025?

An amendment to the 2018 Equity Incentive Plan was approved with 72.21% of votes, though specific changes were not detailed in the press release.