Northern Power Systems Reports Results of Annual General Meeting of Shareholders
09 Juli 2018 - 11:20PM
Northern Power Systems Corp. (TSX:NPS), a next generation renewable
energy technology company, today announced that all nominees listed
in the Information Circular and Proxy Statement of Northern Power,
dated June 5, 2018, for the Annual General Meeting of Shareholders
held June 27, 2018 in Barre, VT (the “Meeting”) were elected as
directors of Northern Power. The seven (7) candidates
nominated for election were elected by a majority of the
shareholders present in person or represented by proxy at the
Meeting, as follows:
|
Nominee |
|
For |
Withheld |
Not
Voted |
|
Ciel R. Caldwell |
|
4,517,820 |
0 |
0 |
|
Alexander “Hap” Ellis
III |
|
4,517,820 |
0 |
0 |
|
Richard Hokin |
|
4,517,820 |
0 |
0 |
|
Kevin Kopczynski |
|
4,517,820 |
0 |
0 |
|
William F.
Leimkuhler |
|
4,517,820 |
0 |
0 |
|
Robert L. Lentz |
|
4,517,820 |
0 |
0 |
|
John Simon, Ph.D. |
|
4,517,820 |
0 |
0 |
In addition, at the Meeting (i) the resolution to ratify the
appointment of RSM US LLP as Northern Power’s independent
registered public accounting firm for the fiscal year ending
December 31, 2018; (ii) the resolution to set the size of the board
of the Company at seven; (iii) the resolution to amend the
Company’s 2014 Stock Option and Incentive Plan to increase the
number of common shares available for issuance under the plan by
2,000,000 shares from 4,000,000 shares to 6,000,000 shares were
each approved by the requisite majority of the votes cast at the
Meeting.
About Northern Power SystemsNorthern Power
Systems designs, manufactures, and sells distributed power
generation and energy storage solutions with its advanced wind
turbines, inverters, controls, and integration services. With over
21 million run-time hours across its global fleet, Northern Power
wind turbines provide customers with clean, cost-effective,
reliable renewable energy. NPS turbines utilize patented permanent
magnet direct drive (PMDD) technology, which uses fewer moving
parts, delivers higher energy capture, and provides increased
reliability thanks to reduced maintenance and downtime. Northern
Power also develops Energy Storage Solutions (ESS) based on the
FlexPhase™ power converter platform, which features patented
converter architecture and controls technology for advanced grid
support and generation applications.
Northern Power has been a technology innovator for over 40 years
and serves clients around the globe from its US headquarters and
European offices. To learn more,
visit www.northernpower.com.
William St. LawrenceGeneral
Counsel617-208-4466wstlawrence@northernpower.com
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