Westport Fuel Systems Publishes 2022 Annual and Special Meeting of Shareholders Results

Rhea-AI Summary

Westport Fuel Systems Inc. (WPRT) held its Annual and Special Meeting of Shareholders on May 5, 2022, where all proposed resolutions received shareholder approval. Key highlights include the election of directors, appointment of KPMG LLP as auditors, and approval of amendments to Corporation By-Laws. Voting results were largely favorable, with approval percentages surpassing 93% for most directors. The advisory vote on executive compensation showed 88.46% agreement. The company emphasizes its commitment to innovation in clean fuel technology, serving customers across over 70 countries.

Positive

• All resolutions at the Annual and Special Meeting were approved by shareholders.
• Directors were elected with favorable approval ratings, exceeding 93%.
• KPMG LLP was appointed as auditors with 98.65% approval.
• Amendments to Corporation By-Laws received 95.24% approval.

Negative

• The advisory vote on executive compensation received only 88.46% agreement.

VANCOUVER, British Columbia, May 05, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“WFS” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today held its Annual and Special 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’s auditors, an advisory Say-on-Pay vote and amendments to Corporation By-Laws.

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	94.89%	5.11%
Brenda Eprile	Approved	94.78%	5.22%
Dan Hancock	Approved	94.75%	5.25%
David Johnson	Approved	94.42%	5.58%
Eileen Wheatman	Approved	94.80%	5.20%
Karl-Viktor Schaller	Approved	94.89%	5.11%
Michele Buchignani	Approved	94.43%	5.57%
Philip Hodge	Approved	94.54%	5.46%
Rita Forst	Approved	93.53%	6.47%
Amendments to Corporation By-Laws	Approved	95.24%	4.76%
Appointment of Auditors	Approved	98.65%	1.35%
Executive Compensation (Advisory Vote)	Agree	88.46%	11.54%

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 8450. The replay will be available until the end of day May 12, 2022. 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:
Christian Tweedy
Investor Relations
T: +1 604-718-2046
E: invest@wfsinc.com

FAQ

What were the results of the Westport Fuel Systems Annual Meeting on May 5, 2022?

All proposed resolutions, including the election of directors and appointment of auditors, were approved by shareholders.

Who were elected as directors at Westport Fuel Systems' 2022 Annual Meeting?

Anthony Guglielmin, Brenda Eprile, Dan Hancock, David Johnson, Eileen Wheatman, Karl-Viktor Schaller, Michele Buchignani, Philip Hodge, and Rita Forst were elected as directors.

What percentage of votes were in favor of the appointment of auditors at the Westport Annual Meeting?

The appointment of KPMG LLP as auditors received 98.65% approval.

What was the outcome of the advisory vote on executive compensation for WPRT?

The advisory vote on executive compensation resulted in 88.46% agreement.