Westport Fuel Systems Publishes 2021 Annual Meeting of Shareholders Results
Westport Fuel Systems Inc. (WPRT) held its Annual General Meeting on May 5, 2021, approving all proposed resolutions. Key highlights include the election of all nominated directors, with approval rates between 97.64% and 98.53%. Additionally, KPMG LLP was appointed as the company's auditors. The company's advisory Say-on-Pay vote received 91.48% approval. CEO David M. Johnson shared a business update during the meeting, with a replay available until May 12, 2021. Westport is focused on innovation in clean, low-carbon fuel solutions for the global automotive market.
- All proposed resolutions approved at the AGM, enhancing shareholder confidence.
- Directors elected with high approval ratings, reflecting strong support for management.
- Appointment of reputable auditors (KPMG LLP) increases trust in financial reporting.
- CEO provided a business update, indicating ongoing efforts and transparency.
- Advisory Say-on-Pay vote received 8.52% against, signaling some shareholder dissatisfaction with executive compensation.
VANCOUVER, British Columbia, May 05, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“WFS” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today held its Annual General Meeting of Shareholders (the “Meeting”) in a virtual format. Shareholders approved all resolutions presented at the meeting including the election of all nominated directors, the appointment of KPMG LLP as the Company’sauditors, and an advisory Say-on-Pay vote.
A summary of the results are as follows:
| Business | Outcome of Vote | Percentage of Votes For | Percentage of Votes Withheld/Against |
| Election of Directors | |||
| Anthony Guglielmin | Approved | ||
| Brenda Eprile | Approved | ||
| Dan Hancock | Approved | ||
| David Johnson | Approved | ||
| Eileen Wheatman | Approved | ||
| Karl-Viktor Schaller | Approved | ||
| Michele Buchignani | Approved | ||
| Rita Forst | Approved | ||
| Appointment of Auditors | Approved | ||
| Executive Compensation (Advisory Vote) | Agree | ||
The Company’s Chief Executive Officer, David M. Johnson also provided a business update . A copy of the presentation can be found at https://investors.wfsinc.com and the recording is available as part of the virtual meeting replay.
Replay Virtual Meeting & Webcast
To access a telephone replay of the virtual ASM please dial 1-800-319-6413 (Canada & USA toll-free) or +1-604-638-9010, and when prompted, enter the access code 6419. The replay will be available until the end of day May 12, 2021. Shortly after the meeting, the webcast archive will be available for viewing through the Westport Fuel Systems website. A downloadable MP3 file will also be available.
About Westport Fuel Systems
Westport Fuel Systems is driving innovation to power a cleaner tomorrow. The company is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global automotive industry. Westport Fuel Systems’ technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America and South America, the company serves customers in more than 70 countries with leading global transportation brands. For more information, visit www.wfsinc.com.
Investor Inquiries:
Christine Marks
Investor Relations
T: +1 604-718-2046
E: invest@wfsinc.com
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