Telesat Announces Results of 2024 Annual General and Special Meeting of Shareholders
Telesat (NASDAQ and TSX: TSAT) announced the results of its 2024 Annual General and Special Meeting of Shareholders, held virtually on June 19, 2024. Shareholders voted in favor of all business items, including the appointment of Deloitte LLP as auditors, amendments to the Omnibus Plan to increase available Class A Common and Class B Variable Voting Shares, and the election of director nominees. Key voting results include Michael Boychuk with 46,931,389 votes for and 3,845,516 votes withheld, Jane Craighead with 43,711,535 votes for and 7,069,540 votes withheld, and Daniel S. Goldberg with the highest votes at 49,459,604 for and 1,317,331 votes withheld. Full voting results will be filed on SEDAR+ and EDGAR.
- Shareholders approved all proposed business items.
- Deloitte LLP appointed as auditors, signaling confidence in financial oversight.
- Amendment to Omnibus Plan allows for more Class A and Class B shares issuance.
- Director nominees elected with strong support, ensuring leadership continuity.
- None.
OTTAWA, June 20, 2024 (GLOBE NEWSWIRE) -- Telesat Corporation (NASDAQ and TSX: TSAT) (“Telesat” or the “Company”), one of the world’s largest and most innovative satellite operators, announced the voting results from its annual meeting of shareholders held yesterday virtually via live audio webcast.
Shareholders of Telesat voted in favour of all items of business, including the appointment of Deloitte LLP Chartered Professional Accountants as auditors of the Company, the amendment to the Company’s Omnibus Plan to increase the number of Class A Common Shares and Class B Variable Voting Shares available for issuance under the Omnibus Plan and the election of each of the director nominees as follows:
| Director Nominee | Votes For | Votes Withheld |
| (a) Michael Boychuk | 46,931,389 | 3,845,516 |
| (b) Jane Craighead | 43,711,535 | 7,069,540 |
| (c) Richard Fadden | 46,927,929 | 3,849,006 |
| (d) Daniel S. Goldberg | 49,459,604 | 1,317,331 |
| (e) Henry (Hank) Intven | 43,821,781 | 6,963,294 |
| (f) David Morin | 46,254,162 | 4,552,773 |
| (g) Dr. Mark H. Rachesky | 42,908,885 | 7,872,690 |
| (h) Guthrie Stewart | 43,155,412 | 7,626,163 |
| (i) Michael B. Targoff | 46,166,072 | 4,610,863 |
| (j) Janet Yeung | 45,481,535 | 5,261,184 |
Final voting results on all matters voted on at the meeting will be filed on SEDAR+ at https://www.sedarplus.com/ and on EDGAR at https://www.sec.gov/
About Telesat
Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat (NASDAQ and TSX: TSAT) is one of the largest and most successful global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth.
Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company’s Low Earth Orbit (“LEO”) satellite network, will be the first and only LEO network optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity links with fibre-like speeds. For updates on Telesat, follow us on @Telesat on x.com or LinkedIn, or visit https://www.telesat.com/.
Contacts:
Investor Relations
James Ratcliffe
+1 613 748 8424
ir@telesat.com
FAQ
What were the results of Telesat's 2024 Annual General and Special Meeting of Shareholders?
Who received the highest number of votes in Telesat's 2024 director elections?
Which accounting firm was appointed as auditors during Telesat's 2024 shareholders' meeting?
What changes were made to Telesat's Omnibus Plan in 2024?
Where can I find the final voting results of Telesat's 2024 shareholders' meeting?
