Telesat Announces Results of 2022 Annual Meeting of Shareholders
Telesat (NASDAQ and TSX: TSAT) held its annual shareholder meeting virtually on June 1, 2022, where all proposed items were approved.
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Rhea-AI Summary
Telesat (NASDAQ and TSX: TSAT) held its annual shareholder meeting virtually on June 1, 2022, where all proposed items were approved. Key outcomes included the election of directors with significant votes. Melanie Bernier received 52,631,218 votes for her election. The company’s continued focus on innovation, especially through its Telesat Lightspeed LEO network, aims to provide high-capacity links with fiber-like speeds to enhance global connectivity. Final results will be available on SEDAR and EDGAR.
Positive
- All proposed items, including director elections, were approved by shareholders.
- Telesat Lightspeed aims to redefine global satellite connectivity with high-capacity links.
Negative
- None.
Details
News Market Reaction – TSAT
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OTTAWA, June 02, 2022 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, announced the voting results from its annual meeting of shareholders held yesterday virtually via live audio webcast.
Shareholders of Telesat voted in favour of all items of business, including the election of each of the director nominees as follows:
| Votes For | Votes Withheld | |
| The election of the following Directors: | ||
| (a) Melanie Bernier | 52,631,218 | 552,126 |
| (b) Michael Boychuk | 52,578,439 | 604,905 |
| (c) Jason A. Caloras | 52,616,002 | 567,342 |
| (d) Jane Craighead | 51,653,498 | 1,529,846 |
| (e) Richard Fadden | 52,370,991 | 812,353 |
| (f) Daniel S. Goldberg | 52,566,356 | 616,988 |
| (g) Henry(Hank) Intven | 52,335,893 | 847,451 |
| (h) Dr. Mark H. Rachesky | 51,682,715 | 1,500,629 |
| (i) Guthrie Stewart | 51,405,015 | 1,778,329 |
| (j) Michael B. Targoff | 52,450,025 | 733,319 |
Final voting results on all matters voted on at the meeting will be filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov
About Telesat
Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat (NASDAQ and TSX: TSAT) is one of the largest and most successful global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth.
Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company’s Low Earth Orbit (LEO) satellite network, will be the first and only LEO network optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Operating under its international priority Ka-band spectrum rights, Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity links with fibre-like speeds. For updates on Telesat, follow us on Twitter, LinkedIn, or visit www.telesat.com.
Contacts:
Investor Relations
| Hugh Harley | Michael Bolitho | |
| +1 613 748 8424 | +1 613 748 8828 | |
| ir@telesat.com | ir@telesat.com |
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