Sierra Wireless Announces Results of Annual Shareholders’ Meeting
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VANCOUVER, British Columbia--(BUSINESS WIRE)--
Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) (“Sierra Wireless” or the “Company”) is pleased to announce the results from its annual general meeting of shareholders (“Shareholders”) held on June 2, 2022 (the “Meeting”).
Results of the Meeting
All of the eight nominees proposed by management for election to the Board at the Meeting and listed in the Company’s Management Information Circular dated April 28, 2022 (the “Circular”) were elected to the Board. The directors will remain in office until the next annual meeting of Shareholders, or until their successors are elected or appointed.
The results of the vote on the election of directors are as follows:
Director
Votes in Favour
Votes Withheld
Number of Votes
Percentage (%)
Number of Votes
Percentage (%)
James R. Anderson
22,943,499
98.94%
246,748
1.06%
Karima Bawa
22,708,047
97.92%
482,210
2.08%
Philip Brace
22,941,968
98.93%
248,289
1.07%
Russell N. Jones
22,731,152
98.02%
459,105
1.98%
Martin D. Mc Court
22,913,299
98.81%
276,958
1.19%
Lori M. O’Neill
22,833,677
98.46%
356,580
1.54%
Thomas Sieber
21,749,805
93.79%
1,440,452
6.21%
Gregory L. Waters
22,914,723
98.81%
275,534
1.19%
The other items of business at the Meeting were to (i) appoint Ernst & Young LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year and to authorize the directors to fix the remuneration of the auditors; (ii) approve certain amendments to the Company’s 2011 Treasury Based Restricted Share Unit Plan; and (iii) approve an advisory resolution to accept the Company’s approach to executive compensation.
By resolution passed by way of ballot, the Shareholders approved the reappointment of Ernst & Young LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year, as follows:
Votes For
% Votes For
Votes Withheld
% Votes Withheld
26,938,781
98.46%
420,631
1.54%
By resolution passed by way of ballot, the Shareholders approved certain amendments to the Company’s 2011 Treasury Based Restricted Share Unit Plan (the “Treasury RSU Plan”), as more particularly described in the Circular, as follows:
Votes For
% Votes For
Votes Against
% Votes Against
22,758,295
98.14%
431,516
1.86%
By resolution passed by way of ballot, the Shareholders approved a non-binding resolution approving the compensation of the Company’s named executive officers, as follows:
Votes For
% Votes For
Votes Against
% Votes Against
22,561,041
97.29%
629,216
2.71%
No other business was voted upon at the Meeting.
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is a world leading IoT solutions provider that combines devices, network services, and software to unlock value in the connected economy. Companies globally are adopting 4G, 5G, and LPWA solutions to improve operational efficiency, create better customer experiences, improve their business models, and create new revenue streams. Sierra Wireless works with its customers to develop the right industry-specific solution for their IoT deployments, whether this is an integrated solution to help connect edge devices to the cloud, a software/API service to manage processes with billions of connected assets, or a platform to extract real-time data to improve business decisions. With more than 25 years of cellular IoT experience, Sierra Wireless is the global partner customers trust to deliver them their next IoT solution. For more information, visit www.sierrawireless.com.
“Sierra Wireless” is a registered trademark of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.
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