Maxar Technologies Announces Voting Results from Annual Meeting of Stockholders

Rhea-AI Summary

Maxar Technologies (MAXR) held its annual stockholders meeting on May 12, 2021, with approximately 65% of shares represented. All director nominees were elected with votes ranging significantly for each nominee. Shareholders also approved key proposals, including executive compensation, amendments to the 2019 Incentive Award Plan, and the appointment of KPMG LLP as independent auditor. This demonstrates strong shareholder support for the management team and corporate governance initiatives.

Positive

• 65% of outstanding shares voted in the annual meeting, indicating strong shareholder engagement.
• All director nominees were elected with substantial majority votes.

Negative

• Significant number of broker non-votes, totaling over 9 million shares, which may indicate shareholder disengagement or uncertainty.

Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced the voting results from its annual meeting of stockholders, held on May 12, 2021.

Holders of a total of 40,119,001 shares of the Company’s common stock, $0.0001 par value (“Common Shares”) representing approximately 65% of the Company’s issued and outstanding Common Shares voted in connection with the meeting. Stockholders voted in favor of the election of all director nominees as follows:

Director	Shares Voted For	Shares Voted Against	Shares Abstained	Broker Non-Votes
Howell M. Estes III	29,819,244	1,237,389	46,107	9,016,261
Nick S. Cyprus	30,806,683	252,630	43,427	9,016,261
Roxanne J. Decyk	30,573,409	470,906	58,425	9,016,261
Joanne O. Isham	30,813,698	255,100	33,942	9,016,261
Daniel L. Jablonsky	30,916,635	158,889	27,216	9,016,261
C. Robert Kehler	30,673,507	390,042	39,191	9,016,261
Gilman Louie	30,922,931	138,212	41,547	9,016,261
L. Roger Mason, Jr.	30,822,458	240,420	39,862	9,016,261
Heather A. Wilson	30,945,809	123,531	33,400	9,016,261
Eric J. Zahler	29,834,387	1,224,154	44,199	9,016,261
Eddy Zervigon	29,999,397	1,060,557	42,786	9,016,261

In addition, stockholders voted to approve each of the other proposals presented at the meeting, including approval of the Company’s executive compensation, approval of an amendment to the Company’s 2019 Incentive Award Plan, approval of the amendment and restatement of the Company’s Amended and Restated Certificate of Incorporation and ratification of the appointment of KPMG LLP as the Company’s independent auditor.

About Maxar

Maxar is a trusted partner and innovator in Earth Intelligence and Space Infrastructure. We deliver disruptive value to government and commercial customers to help them monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unrivaled speed, scale and cost effectiveness. Maxar’s 4,400 team members in over 20 global locations are inspired to harness the potential of space to help our customers create a better world. Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR. For more information, visit www.maxar.com.

Forward-Looking Statements

Certain statements and other information included in this release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws. Statements including words such as "may", "will", "could", "should", "would", "plan", "potential", "intend", "anticipate", "believe", "estimate" or "expect" and other words, terms and phrases of similar meaning are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties, as well as other statements referring to or including forward-looking information included in this presentation.

Forward-looking statements are subject to various risks and uncertainties which could cause actual results to differ materially from the anticipated results or expectations expressed in this presentation. As a result, although management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The risks that could cause actual results to differ materially from current expectations include, but are not limited to, the risk factors and other disclosures about the Company and its business included in the Company's continuous disclosure materials filed from time to time with U.S. securities and Canadian regulatory authorities, which are available online under the Company's EDGAR profile at www.sec.gov, under the Company's SEDAR profile at www.sedar.com or on the Company's website at www.maxar.com.

The forward-looking statements contained in this release are expressly qualified in their entirety by the foregoing cautionary statements. All such forward-looking statements are based upon data available as of the date of this presentation or other specified date and speak only as of such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this presentation as a result of new information or future events, except as may be required under applicable securities legislation.

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FAQ

What were the results of the Maxar Technologies annual stockholders meeting?

At the May 12, 2021 meeting, all director nominees were elected, and key proposals were approved.

What was the voter turnout for Maxar Technologies' annual meeting?

Approximately 65% of the issued and outstanding shares voted.

Who were the elected directors at Maxar's annual meeting?

Directors elected include Howell M. Estes III, Nick S. Cyprus, and others.

What proposals did stockholders approve at Maxar Technologies' annual meeting?

Stockholders approved executive compensation, an amendment to the 2019 Incentive Award Plan, and the appointment of KPMG as the independent auditor.

What is the significance of the broker non-votes at Maxar's meeting?

Over 9 million broker non-votes suggest potential disengagement or uncertainty among shareholders regarding the proposals.