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Telesat Announces Results of 2025 Annual General Meeting of Shareholders

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Telesat Corporation (Nasdaq and TSX: TSAT) held its 2025 annual general meeting of shareholders virtually on June 17th. Shareholders approved all items of business, including the appointment of Deloitte LLP as auditors and the election of all ten director nominees. The voting results showed strong support for most nominees, with Michael Targoff and Janet Yeung receiving the highest approval rates (approximately 98% of votes), while Dr. Mark H. Rachesky and Jane Craighead received relatively lower but still substantial support (around 94% of votes). The complete voting results will be available on SEDAR+ and EDGAR regulatory filing systems.
La Telesat Corporation (Nasdaq e TSX: TSAT) ha tenuto la sua assemblea generale annuale degli azionisti per il 2025 in modalità virtuale il 17 giugno. Gli azionisti hanno approvato tutti i punti all'ordine del giorno, inclusa la nomina di Deloitte LLP come revisori contabili e l'elezione di tutti e dieci i candidati al consiglio di amministrazione. I risultati delle votazioni hanno mostrato un forte sostegno per la maggior parte dei candidati, con Michael Targoff e Janet Yeung che hanno ottenuto i tassi di approvazione più elevati (circa il 98% dei voti), mentre il dottor Mark H. Rachesky e Jane Craighead hanno ricevuto un sostegno relativamente inferiore ma comunque significativo (circa il 94% dei voti). I risultati completi delle votazioni saranno disponibili sui sistemi di deposito regolamentare SEDAR+ e EDGAR.
Telesat Corporation (Nasdaq y TSX: TSAT) celebró su junta anual de accionistas de 2025 de forma virtual el 17 de junio. Los accionistas aprobaron todos los puntos del orden del día, incluida la designación de Deloitte LLP como auditores y la elección de los diez candidatos a directores. Los resultados de la votación mostraron un fuerte apoyo para la mayoría de los candidatos, con Michael Targoff y Janet Yeung recibiendo las tasas más altas de aprobación (aproximadamente el 98% de los votos), mientras que el Dr. Mark H. Rachesky y Jane Craighead obtuvieron un apoyo relativamente menor pero aún sustancial (alrededor del 94% de los votos). Los resultados completos de la votación estarán disponibles en los sistemas regulatorios de presentación SEDAR+ y EDGAR.
텔레샛 코퍼레이션(Nasdaq 및 TSX: TSAT)은 6월 17일 2025년 연례 주주총회를 온라인으로 개최했습니다. 주주들은 Deloitte LLP를 감사인으로 선임하고 10명의 이사 후보 전원을 선출하는 등 모든 안건을 승인했습니다. 투표 결과 대부분 후보자들이 강한 지지를 받았으며, 마이클 타르고프와 재닛 영이 약 98%의 찬성률로 가장 높은 지지를 받았고, 마크 H. 라체스키 박사와 제인 크레이그헤드는 약 94%의 비교적 낮지만 여전히 상당한 지지를 받았습니다. 전체 투표 결과는 SEDAR+ 및 EDGAR 규제 제출 시스템에서 확인할 수 있습니다.
Telesat Corporation (Nasdaq et TSX : TSAT) a tenu son assemblée générale annuelle des actionnaires de 2025 virtuellement le 17 juin. Les actionnaires ont approuvé tous les points à l'ordre du jour, y compris la nomination de Deloitte LLP en tant qu'auditeurs et l'élection des dix candidats au conseil d'administration. Les résultats des votes ont montré un fort soutien pour la plupart des candidats, Michael Targoff et Janet Yeung obtenant les taux d'approbation les plus élevés (environ 98 % des voix), tandis que le Dr Mark H. Rachesky et Jane Craighead ont reçu un soutien relativement moindre mais néanmoins important (environ 94 % des voix). Les résultats complets des votes seront disponibles sur les systèmes de dépôt réglementaire SEDAR+ et EDGAR.
Die Telesat Corporation (Nasdaq und TSX: TSAT) hielt ihre virtuelle Hauptversammlung der Aktionäre für das Jahr 2025 am 17. Juni ab. Die Aktionäre genehmigten alle Tagesordnungspunkte, einschließlich der Ernennung von Deloitte LLP als Wirtschaftsprüfer und der Wahl aller zehn Direktorkandidaten. Die Abstimmungsergebnisse zeigten eine starke Unterstützung für die meisten Kandidaten, wobei Michael Targoff und Janet Yeung die höchsten Zustimmungsraten (ca. 98 % der Stimmen) erhielten, während Dr. Mark H. Rachesky und Jane Craighead eine vergleichsweise niedrigere, aber dennoch bedeutende Unterstützung (rund 94 % der Stimmen) erhielten. Die vollständigen Abstimmungsergebnisse werden in den regulatorischen Einreichungssystemen SEDAR+ und EDGAR verfügbar sein.
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OTTAWA, Ontario, June 19, 2025 (GLOBE NEWSWIRE) -- Telesat Corporation (Nasdaq and TSX: TSAT) (“Telesat” or the “Company”), one of the world’s largest and most innovative satellite operators, today announced the voting results from its annual general meeting of shareholders held on June 17th virtually via live audio webcast.

Shareholders of Telesat voted in favour of all items of business, including the appointment of Deloitte LLP Chartered Professional Accountants as auditors of the Company and the election of each of the director nominees as follows:

Director NomineeVotes ForVotes Withheld
(a) Michael Boychuk47,936,239986,534
(b) Jane Craighead46,146,9742,775,795
(c) Richard Fadden47,932,024990,749
(d) Daniel S. Goldberg47,934,997987,776
(e) Henry (Hank) Intven46,846,6292,076,144
(f) David Morin47,926,555996,218
(g) Dr. Mark H. Rachesky46,143,9662,778,807
(h) Guthrie Stewart46,145,3942,777,377
(i) Michael B. Targoff47,938,568984,205
(j) Janet Yeung47,938,784983,987


Final voting results on all matters voted on at the meeting will be filed on SEDAR+ at https://www.sedarplus.ca/ and on EDGAR at https://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, has been optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity, secure and resilient links with fibre-like speeds. For updates on Telesat, follow us on LinkedIn, X, or visit https://www.telesat.com/.

Contacts:

Investor Relations

James Ratcliffe
+1 613 748 8424
ir@telesat.com                       


FAQ

Who are the newly elected board members of Telesat (TSAT) for 2025?

The elected board members include Michael Boychuk, Jane Craighead, Richard Fadden, Daniel S. Goldberg, Henry Intven, David Morin, Dr. Mark H. Rachesky, Guthrie Stewart, Michael B. Targoff, and Janet Yeung.

What was the outcome of Telesat's 2025 annual general meeting?

All items of business were approved by shareholders, including the appointment of Deloitte LLP as auditors and the election of all ten director nominees.

Which Telesat board nominees received the highest shareholder approval in 2025?

Janet Yeung and Michael B. Targoff received the highest approval rates with approximately 47.94 million votes each, representing about 98% of the votes cast.

Where can investors find the complete voting results for Telesat's 2025 AGM?

The complete voting results will be available on SEDAR+ (sedarplus.ca) and EDGAR (sec.gov) regulatory filing systems.
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