Westport Publishes Annual General Meeting Results

Rhea-AI Summary

Westport Fuel Systems held its Annual General Meeting virtually on June 13, 2024. Shareholders approved all resolutions, including the election of directors, appointment of auditors, and an advisory Say-on-Pay vote. Key outcomes include:

1. Election of seven directors, all approved with a range of 78.81% to 91.40% votes in favor.

2. Appointment of KPMG LLP as auditors with 97.91% votes in favor.

3. An advisory vote on executive compensation, approved by 78.37% of votes.

Positive

• All nominated directors were approved with favorable vote percentages ranging from 78.81% to 91.40%.
• Appointment of KPMG LLP as auditors was approved with 97.91% votes in favor.
• The advisory Say-on-Pay vote for executive compensation was approved by 78.37% of shareholders.

Negative

• Some directors had significant opposition, with votes against ranging up to 21.19%.
• The Say-on-Pay advisory vote had a notable 21.63% of votes against.

VANCOUVER, BC, June 13, 2024 /PRNewswire/ - Westport Fuel Systems Inc. ("Westport" 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's auditors, 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
Number of Directors	Approved	87.84 %	12.16 %
Election of Directors
Michele Buchignani	Approved	80.29 %	19.71 %
Brenda Eprile	Approved	82.42 %	17.58 %
Anthony Guglielmin	Approved	87.40 %	12.60 %
Dan Hancock	Approved	89.04 %	10.96 %
Philip Hodge	Approved	78.98 %	21.02 %
Dan Sceli	Approved	91.40 %	8.60 %
Karl-Viktor Schaller	Approved	78.81 %	21.19 %
Eileen Wheatman	Approved	80.40 %	19.60 %
Appointment of Auditors	Approved	97.91 %	2.09 %
Executive Compensation (Advisory Vote)	Agree	78.37 %	21.63 %

About Westport Fuel Systems

At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are 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 transportation industry. Our 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, we serve our customers in more than 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.

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SOURCE Westport Fuel Systems Inc.

FAQ

What were the results of Westport's Annual General Meeting on June 13, 2024?

Shareholders approved all resolutions, including the election of directors, the appointment of auditors, and an advisory Say-on-Pay vote.

What percentage of votes approved Westport's directors in the 2024 AGM?

Vote percentages for directors ranged from 78.81% to 91.40% in favor.

Who was appointed as the auditor for Westport in 2024?

KPMG LLP was appointed as the auditor with 97.91% of votes in favor.

What was the approval rate for Westport's executive compensation advisory vote in 2024?

The executive compensation advisory vote was approved by 78.37% of shareholders.

How many directors were elected during Westport's 2024 AGM?

Seven directors were elected during the 2024 Annual General Meeting.