TORONTO, May 11, 2023
/CNW/ - Baylin Technologies Inc. (TSX: BYL) (the "Company")
announced today the results of matters voted on at its annual and
special meeting of shareholders held on May
11, 2023 (the "Meeting"). The voting results of each
such matter are outlined below.
There were 54,926,545 common shares of the Company represented
by shareholders present in person or by proxy at the Meeting,
representing approximately 68.4% of the Company's total issued and
outstanding common shares as at the record date for the
Meeting.
Matter 1: Election
of Directors
On a vote by way of ballot, each of the six nominees proposed by
management was elected to serve as a director of the Company to
hold office for the ensuing year or until their successors are
elected or appointed.
Nominee
|
Votes in
Favour
|
Votes
Withheld
|
Number
|
Percentage
|
Number
|
Percentage
|
Janice Davis
|
53,551,431
|
99.76
|
126,323
|
0.24
|
Bejoy
Pankajakshan
|
53,545,760
|
99.75
|
131,994
|
0.25
|
Barry Reiter
|
53,427,207
|
99.53
|
250,547
|
0.47
|
Jeffrey
Royer
|
53,467,307
|
99.61
|
210,447
|
0.39
|
David Saska
|
53,557,807
|
99.78
|
119,947
|
0.22
|
Donald
Simmonds
|
53,576,307
|
99.81
|
101,447
|
0.19
|
Harold
Wolkin
|
53,210,365
|
99.13
|
467,389
|
0.87
|
Matter 2: Appointment of
Auditors
On a vote by way of ballot, RSM Canada LLP were appointed
auditors of the Company to hold office until the next annual
meeting of shareholders, at a remuneration to be fixed by the
directors of the Company.
Votes in
Favour
|
Votes
Withheld
|
Number
|
Percentage
|
Number
|
Percentage
|
54,613,404
|
99.87
|
69,773
|
0.13
|
Matter 3: Amended and
Restated Omnibus Equity Incentive Plan - Unallocated Awards
On a vote by way of ballot, shareholders authorized the Company
to continue to grant unallocated awards (options, rights and other
entitlements) under the Amended and Restated Omnibus Equity
Incentive Plan for a further period of three years, all as
described in the Management Information Circular for the
Meeting.
Votes in
Favour
|
Votes
Against
|
Number
|
Percentage
|
Number
|
Percentage
|
53,168,696
|
99.05
|
509,058
|
0.95
|
Matter 4: Amended and
Restated Omnibus Equity Incentive Plan - Amendment to Increase the
Number of Common Shares Issuable under the Plan
On a vote by way of ballot, shareholders approved an amendment
to the Amended and Restated Omnibus Equity Incentive Plan to
increase the number of common shares issuable under the Plan from
10% to 12% of the number of common shares outstanding from time to
time, all as described in the Management Information Circular for
the Meeting.
Votes in
Favour
|
Votes
Against
|
Number
|
Percentage
|
Number
|
Percentage
|
53,053,342
|
98.84
|
642,412
|
1.16
|
About Baylin
Baylin is a diversified global wireless technology company. We
focus on the research, design, development, manufacture and sale of
passive and active radio-frequency products, satellite
communications products, and supporting services. For further
information, please visit www.baylintech.com.
SOURCE Baylin Technologies Inc.