Descartes Announces Results of Annual and Special Shareholder Meeting

Rhea-AI Summary

The Descartes Systems Group (Nasdaq:DSGX) held its annual and special meeting of shareholders on June 3, 2021, where 90.53% of common shares were represented. Key decisions included the election of eight directors, with voting percentages ranging from 97.55% to 99.87%. KPMG LLP was appointed as the auditors, receiving 99.92% of votes in favor. The 'Say-On-Pay' resolution also passed, garnering 95.75% approval. These results indicate strong shareholder support for the management's proposals.

Positive

• High shareholder turnout at 90.53%.
• All director nominees elected with over 95% approval.
• KPMG LLP appointed as auditors with 99.92% support.
• 'Say-On-Pay' resolution passed with 95.75% approval.

Negative

• None.

WATERLOO, Ontario, June 03, 2021 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSX:DSG) announced that the following matters, as set out in more detail in its Management Information Circular dated April 23, 2021, were considered and voted on by shareholders at the annual and special meeting of shareholders held on Thursday, June 3, 2021 (the “Meeting”).

General
The total number of common shares of the Corporation represented in person or by proxy at the Meeting was 76,511,842 which represented 90.53% of the 84,514,455 common shares of the Corporation that were outstanding as of the record date for the Meeting, being April 21, 2021.

Election of Directors
On a vote by ballot, each of the following 8 nominees proposed by management of the Corporation was elected as a director of the Corporation:

Director Nominee	Number of Votes FOR	Number of Votes WITHHELD	Percentage of Total Votes FOR
Deepak Chopra	74,888,464	889,751	98.83%
Deborah Close	75,337,800	440,414	99.42%
Eric Demirian	75,382,106	396,109	99.48%
Dennis Maple	73,924,076	1,854,139	97.55%
Chris Muntwyler	75,676,626	101,589	99.87%
Jane O’Hagan	75,675,473	102,741	99.86%
Edward Ryan	75,634,059	144,156	99.81%
John Walker	75,546,613	231,601	99.69%

Appointment of Auditors

On a vote by ballot, KPMG LLP, Chartered Professional Accountants and Licensed Public Accountants, were appointed as the auditors of the Corporation until the close of the next annual meeting of shareholders or until their successors are appointed.

Number of Votes FOR	Number of Votes WITHELD	Percentage of Total Votes FOR
76,451,770	59,672	99.92%

Say-On-Pay

On a vote by ballot, the “Say-On-Pay” resolution proposed by management of the Corporation was approved.

Number of Votes FOR	Number of Votes AGAINST	Percentage of Total Votes FOR
72,560,314	3,217,901	95.75%

About Descartes
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter. 

Descartes Investor Contact:
Laurie McCauley (519) 746-6114 x202358
investor@descartes.com

FAQ

What was the outcome of the Descartes Systems Group shareholder meeting on June 3, 2021?

The meeting resulted in the election of all eight director nominees and the appointment of KPMG LLP as auditors.

How many shares were represented at the Descartes Systems Group shareholder meeting?

A total of 76,511,842 common shares were represented, which is 90.53% of the shares outstanding.

What percentage of votes supported the election of directors at the Descartes Systems Group meeting?

The votes in favor of the directors ranged from 97.55% to 99.87%.

What was approved under the 'Say-On-Pay' resolution at the Descartes Systems Group meeting?

The 'Say-On-Pay' resolution was approved with 95.75% of votes in favor.