VICTORIA, BC–(Marketwired – December 16, 2016) – Vecima Networks Inc. (TSX: VCM), an experienced designer and manufacturer of innovative technology in the broadband equipment market, today announced the voting results of the company’s annual general meeting of shareholders held on December 16, 2016.
Election of Directors
The number of directors was set at five and the five nominees of management were elected as directors at the meeting. The election of directors was conducted by show of hands. In accordance with the requirements of the Toronto Stock Exchange, the following table reflects the votes represented by proxy that would have been withheld from each director nominee had a ballot been called, as a percentage of votes represented at the meeting:
|
Nominee |
VotesRepresented at the Meeting | Votes Withheld byProxy | % Withheld byProxy |
|||
| Surinder Kumar | 17,727,317 | 616 | 0.00 | |||
| Scott Edmonds | 17,727,417 | 516 | 0.00 | |||
| T. Kent Elliott | 17,727,417 | 516 | 0.00 | |||
| Sumit Kumar | 17,726,734 | 1,199 | 0.01 | |||
| Danial Faizullabhoy | 17,727,417 | 516 | 0.00 | |||
Appointment of Auditors
At the meeting, Deloitte LLP was re-appointed as auditors of the Company for the ensuing year and the directors were authorized to fix their remuneration.
About Vecima Networks
Vecima Networks Inc. (TSX: VCM) is a globally recognized leader in creating breakthrough technology solutions that empower network service providers to connect people and enterprises to information and entertainment worldwide. Vecima products for the cable industry allow service providers a cost-effective Last Mile Solution® for both video and broadband access, especially in the demanding business services market segment. Vecima also provides fleet managers the key information and analytics they require to optimally manage their business under the Contigo, Nero Global Tracking, and FleetLynx brands. More information is available at our website at www.vecima.com.
Vecima Networks
Investor Relations
250-881-1982
invest@vecima.com