TORONTO, May 10, 2023
/PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX:
QTRHF) announces results from its Annual and Special Meeting of
shareholders (the "Meeting") that was held on Monday May 8, 2022, at 9:30 a.m. (Eastern Daylight Time).
At the Meeting, Quarterhill shareholders (present in person or
by proxy) voted on the following, full details of which are set out
in Quarterhill's March 21, 2023,
Notice of Meeting and Management Information Circular (the
"Circular") issued in connection with the Meeting:
1. the election of the following nominees to Quarterhill's
Board of Directors (the "Board"), which was approved by
shareholders as follows:
|
|
Votes
For
|
% Votes
For
|
Votes
Against
|
% Votes
Against
|
|
Roxanne
Anderson
|
33,931,288
|
74.22 %
|
11,784,371
|
25.78 %
|
|
Michel Tewfik
Fattouche
|
34,766,181
|
76.05 %
|
10,949,478
|
23.95 %
|
|
Rusty Lewis
|
41,818,114
|
91.47 %
|
3,897,545
|
8.53 %
|
|
Pamela Steer
|
35,376,025
|
77.38 %
|
10,339,634
|
22.62 %
|
|
Anna Tosto
|
34,001,639
|
74.38 %
|
11,714,020
|
25.62 %
|
2. an ordinary resolution appointing Ernst & Young LLP as
Quarterhill's auditors to hold office until the next annual meeting
of Quarterhill's shareholders and authorizing the Board to fix
their remuneration, which was approved by shareholders as
follows:
|
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
|
47,984,462
|
98.94 %
|
515,405
|
1.06 %
|
3. a special resolution authorizing a reduction to the stated
capital account of the Common Shares in the amount of $120 million, as set out in Exhibit A to
the Circular, which was approved by shareholders as follows:
|
Votes
For
|
% Votes
For
|
Votes
Against
|
% Votes
Against
|
|
38,844,543
|
84.97 %
|
6,871,116
|
15.03 %
|
About Quarterhill
Quarterhill is a leading provider of
tolling and enforcement solutions in the Intelligent Transportation
System (ITS) industry, as well as, through its Wi-LAN Inc.
subsidiary, a leader in Intellectual Property licensing. Our goal
is global leadership in ITS, via organic growth of the Electronic
Transaction Consultants, LLC (ETC) and International Road Dynamics
Inc. (IRD) platforms, and by continuing an acquisition-oriented
investment strategy that capitalizes on attractive growth
opportunities within ITS and its adjacent markets. Quarterhill is
listed on the TSX under the symbol QTRH and on the OTCQX Best
Market under the symbol QTRHF. For more information, visit
www.quarterhill.com.
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SOURCE Quarterhill Inc.