BURLINGTON, Ontario, Oct. 12, 2018 — Evertz Technologies Limited (“Evertz” or the “Company”) (TSX: ET), the leader in Software Defined Video Network (“SDVN”) technology, is pleased to announce the voting results of its 2018 annual general and special meeting of shareholders held on October 10, 2018 in Burlington, Ontario.
Election of Directors
The seven nominees listed in the management information circular for the meeting were elected by Evertz shareholders as directors of the Company. The election of directors was conducted by way of a show of hands. In accordance with the requirements of the Toronto Stock Exchange, the following table reflects the results for the election of directors if a ballot vote had been taken, both by total and as a percentage of votes represented at the meeting:
|Nominee||Votes For by Proxy||% For by Proxy||Votes Withheld by Proxy||% Withheld by Proxy|
|Douglas A. DeBruin||61,157,654||96%||2,867,355||4%|
|Christopher M. Colclough||61,289,783||96%||2,735,226||4%|
|Dr. Ian L. McWalter||62,980,741||98%||1,044,268||2%|
|Dr. Thomas V. Pistor||62,992,250||98%||1,032,759||2%|
Re-appointment of Auditor
The resolution to re-appoint Deloitte LLP as the Company’s auditors and authorizing the directors of the Company to determine the auditors’ remuneration was unanimously carried pursuant to a vote by show of hands.
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Re-approval of Stock Option Plan
By a way of vote by ballot, the re-approval of the Company’s stock option plan and the approval of all unallocated options thereunder were supported by the Company’s shareholders. Detailed results of the vote on this matter are set out below.
|Votes For by Proxy||% For by Proxy||Votes Against by Proxy||% Against by Proxy|
|Re-approval of stock option plan||60,485,660||94%||3,541,699||6%|
Evertz Technologies Limited (TSX: ET) designs, manufactures and markets video and audio infrastructure solutions for the television, telecommunications and new-media industries. The Company’s solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their increasingly complex multi-channel digital, and high and ultra-high definition television (“HDTV” and “UHD”) and next generation high bandwidth low latency IP network environments and by telecommunications and new-media companies. The Company’s products allow its customers to generate additional revenue while reducing costs through efficient signal routing, distribution, monitoring and management of content as well as the automation and orchestration of more streamlined and agile workflow processes on premise and in the “Cloud”.
Evertz Technologies Limited Anthony Gridley Chief Financial Officer (905) 335 7580 [email protected]