Quarterhill Reports Annual Meeting Results

Rhea-AI Summary

Quarterhill announced the election of all management nominees as directors at its April 14, 2021, annual meeting. Roxanne Anderson received 93.05% support, while Dr. Michel Tewfik Fattouche led with 97.42%. The meeting also confirmed Ernst & Young LLP as auditors, gaining 97.52% approval, and endorsed the 2018 Equity Incentive Plan with 85.78% support. Quarterhill focuses on the Intelligent Transportation System industry and intellectual property licensing, aiming to become a global leader.

Positive

• All management nominees elected as directors with significant approval rates.
• Ernst & Young LLP appointed as auditors with 97.52% support.
• Approval for unallocated awards under the 2018 Equity Incentive Plan, indicating shareholder confidence.

Negative

• None.

TORONTO, April 15, 2021 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF) today announced that all of management's nominees listed in its March 10, 2021 management information circular were elected as directors of the Company at Quarterhill's April 14, 2021 annual shareholders' meeting (the "Meeting"). Details of the results of the vote for the election of directors held at the Meeting are set out below:

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Roxanne Anderson	36,380,130	93.05%	2,717,823	6.95%
Dr Michel Tewfik Fattouche	38,088,889	97.42%	1,009,064	2.58%
John Kendall Gillberry	36,339,338	92.94%	2,758,615	7.06%
Paul Hill	37,891,411	96.91%	1,206,542	3.09%
W. Paul McCarten	36,300,965	92.85%	2,796,988	7.15%
Richard J. Shorkey	36,290,928	92.82%	2,807,025	7.18%
James Douglas Skippen	36,305,718	92.86%	2,792,235	7.14%
Anna Tosta	37,805,002	96.69%	1,292,951	3.31%

Quarterhill also confirmed that shareholders approved the appointment of Ernst & Young LLP as the Company's auditors at the Meeting with the holders of 38,128,366 common shares voting in favour of that resolution (representing 97.52% of votes cast) and with 969,587 votes withheld for that resolution (representing 2.48% of votes cast).

Shareholders also approved an ordinary resolution approving all unallocated awards under Quarterhill's 2018 Equity Incentive Plan and the granting of awards under the Equity Plan until April 14, 2024 with the holders of 33,539,683 common shares voting in favour of that resolution (representing 85.78% of votes cast) and the holders of 5,558,270 common shares voting against that resolution (representing 14.22% of votes cast).

About Quarterhill
Quarterhill is a growth-oriented company in the Intelligent Transportation System (ITS) industry as well as a leader in Intellectual Property licensing. Our goal is to execute an investment strategy that capitalizes on attractive growth opportunities within ITS – and its adjacent markets – to become a global leader in that industry. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com   

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SOURCE Quarterhill Inc.

FAQ

What were the results of the Quarterhill annual meeting on April 14, 2021?

All management nominees were elected as directors with high approval rates. Roxanne Anderson received 93.05% support, and Dr. Michel Tewfik Fattouche received 97.42%.

Who was appointed as auditors for Quarterhill in 2021?

Ernst & Young LLP was appointed as auditors with 97.52% of votes in favor.

What resolutions were passed at Quarterhill's 2021 annual meeting?

Resolutions included the election of directors, appointment of auditors, and approval of the 2018 Equity Incentive Plan.