Telesat announces results of 2026 Annual General Meeting of shareholders
Telesat (Nasdaq/TSX: TSAT) released the voting results of its 2026 annual general meeting held virtually on June 3, 2026.
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Rhea-AI Summary
Telesat (Nasdaq/TSX: TSAT) released the voting results of its 2026 annual general meeting held virtually on June 3, 2026. Shareholders approved all items of business, including appointing Deloitte LLP as auditors and electing all ten director nominees, each receiving over 46 million votes in favour.
Details
News Market Reaction – TSAT
On Jun 5, the first trading day after this news, TSAT closed 18.97% below the previous close.
Data tracked by StockTitan Argus for the Jun 5 session.
Key Figures
- Votes for Michael Boychuk
- 47,065,688
- AGM director election, 2026
- Votes withheld Michael Boychuk
- 378,951
- AGM director election, 2026
- Votes for Daniel S. Goldberg
- 47,325,708
- AGM director election, 2026
- Votes withheld Daniel S. Goldberg
- 118,931
- AGM director election, 2026
- Votes for Michael B. Targoff
- 47,326,802
- AGM director election, 2026
- Votes withheld Michael B. Targoff
- 117,837
- AGM director election, 2026
- Votes for Jane Craighead
- 46,234,918
- AGM director election, 2026
- Votes withheld Jane Craighead
- 1,209,721
- AGM director election, 2026
Historical Context
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Revenue and EBITDA declines with sizeable net loss and Lightspeed spending.
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Announcement of timing and access details for Q1 2026 call.
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Multi-year Lightspeed deal with Northwestel for Northern Canada broadband.
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Full-year revenue and EBITDA declines with continued heavy Lightspeed capex.
-
Addition of 500 MHz Mil‑Ka capacity to initial 156 Lightspeed satellites.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
chartered professional accountants financial
sedar+ regulatory
edgar regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
OTTAWA, Ontario, June 04, 2026 (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 3rd 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 Nominee | Votes For | Votes Withheld | |
| (a) | Michael Boychuk | 47,065,688 | 378,951 |
| (b) | Jane Craighead | 46,234,918 | 1,209,721 |
| (c) | Richard Fadden | 47,326,278 | 112,361 |
| (d) | Daniel S. Goldberg | 47,325,708 | 118,931 |
| (e) | Henry (Hank) Intven | 46,632,946 | 811,693 |
| (f) | David Morin | 47,121,302 | 323,337 |
| (g) | Dr. Mark H. Rachesky | 46,122,864 | 1,321,775 |
| (h) | Guthrie Stewart | 46,230,246 | 1,214,393 |
| (i) | Michael B. Targoff | 47,326,802 | 117,837 |
| (j) | Janet Yeung | 47,325,092 | 119,547 |
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 innovative 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 www.telesat.com.
Investor Relations contact:
James Ratcliffe
+1 613 748 8424
ir@telesat.com
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