Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) (“Sierra Wireless” or the “Company”) today announced the results from its annual general and special meeting of shareholders (the “Meeting”) held on May 22, 2014.
All of the seven nominees proposed by management for election to the Board of Directors at the Meeting and listed in the Company’s Management Information Circular dated April 16, 2014 were elected. The Directors will remain in office until the next annual meeting of shareholders, or until their successors are elected or appointed.
The results of the vote on the election of the Board of Directors are as follows:
Board of Directors | Votes in Favour | Votes Withheld | ||||||||||
| Number of Votes | Percentage (%) | Number of Votes | Percentage (%) | |||||||||
| Jason W. Cohenour | 7,254,813 | 98.89 | 81,630 | 1.11 | ||||||||
| Gregory D. Aasen | 7,245,136 | 98.76 | 91,308 | 1.24 | ||||||||
| Robin A. Abrams | 6,486,568 | 88.42 | 849,875 | 11.58 | ||||||||
| Paul G. Cataford | 6,430,883 | 87.66 | 905,559 | 12.34 | ||||||||
| Charles E. Levine | 7,250,440 | 98.83 | 86,002 | 1.17 | ||||||||
| Thomas Sieber | 7,252,658 | 98.86 | 83,785 | 1.14 | ||||||||
| Kent P. Thexton | 7,198,756 | 98.12 | 137,687 | 1.88 | ||||||||
The other items of business at the Meeting were to (i) approve the Amended and Restated 1997 Stock Option Plan; (ii) approve the Amended and Restated By-Law No. 1; and (iii) reappoint KPMG LLP, Chartered Accountants, as auditors of the Company.
By resolution passed by ballot vote, the shareholders approved the Amended and Restated 1997 Stock Option Plan and the Amended and Restated By-Law No. 1, as follows:
Item of Business | Votes in Favour | Votes Against | ||||||||||
| Number of Votes | Percentage (%) | Number of Votes | Percentage (%) | |||||||||
Re-approval of Amended and Restated Stock Option Plan | 5,245,027 | 71.50% | 2,091,003 | 28.50% | ||||||||
| Approve Amended and Restated By-Law No.1 | 4,257,911 | 58.04% | 3,078,084 | 41.96% | ||||||||
By resolution passed by a show of hands, KPMG LLP, Chartered Accountants, was reappointed auditor of the Company for the ensuing year. Proxies received as of the close of business on May 20, 2014 with respect to the reappointment of KPMG LLP, Chartered Accountants, were voted as follows: 21,066,008 common shares (representing 98.53% of the common shares voted), voted for, and 313,308 common shares (representing 1.47% of the common shares voted), withheld.
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is the global leader in machine-to-machine (M2M) devices and cloud services, delivering intelligent wireless solutions that simplify the connected world. We offer the industry's most comprehensive portfolio of 2G, 3G and 4G embedded modules and gateways, seamlessly integrated with our secure M2M cloud services. Customers worldwide, including OEMs, enterprises, and mobile network operators, trust our innovative solutions to get their connected products and services to market faster. Sierra Wireless has more than 900 employees globally and has R&D centers in North America, Europe and Asia. For more information about Sierra Wireless, visit www.sierrawireless.com.
"AirPrime", "AirLink", and "AirVantage" are trademarks of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.
Contacts:
Media Contact:
Sharlene
Myers, +1-604-232-1445
Manager, Global Public Relations
smyers@sierrawireless.com
or
Investor
Contact:
David Climie, +1-604-231-1137
Senior Director,
Investor Relations
dclimie@sierrawireless.com
