Evertz Technologies Announces Results of Annual General Meeting

BURLINGTON, Ontario, Oct. 12, 2018 (GLOBE NEWSWIRE) — Evertz Technologies Limited (“Evertz” or the “Company”) (TSX: ET), the leader in Software Defined Video Network (“SDVN”) technology, is pleased to announce the voting results of its 2018 annual general and special meeting of shareholders held on October 10, 2018 in Burlington, Ontario.

Election of Directors

The seven nominees listed in the management information circular for the meeting were elected by Evertz shareholders as directors of the Company. The election of directors was conducted by way of a show of hands. In accordance with the requirements of the Toronto Stock Exchange, the following table reflects the results for the election of directors if a ballot vote had been taken, both by total and as a percentage of votes represented at the meeting:

Nominee  

 
Votes For
by Proxy

% For
by Proxy
Votes
Withheld

by Proxy
% Withheld
by Proxy
Douglas A. DeBruin 61,157,654 96% 2,867,355 4%
Romolo Magarelli 61,317,396 96% 2,707,613 4%
Rakesh Patel 61,318,084 96% 2,706,925 4%
Christopher M. Colclough 61,289,783 96% 2,735,226 4%
Dr. Ian L. McWalter 62,980,741 98% 1,044,268 2%
Dr. Thomas V. Pistor 62,992,250 98% 1,032,759 2%
Brian Piccioni 62,990,139 98% 1,034,870 2%

Re-appointment of Auditor

The resolution to re-appoint Deloitte LLP as the Company’s auditors and authorizing the directors of the Company to determine the auditors’ remuneration was unanimously carried pursuant to a vote by show of hands.

Re-approval of Stock Option Plan

By a way of vote by ballot, the re-approval of the Company’s stock option plan and the approval of all unallocated options thereunder were supported by the Company’s shareholders.  Detailed results of the vote on this matter are set out below.

   

Votes For
by Proxy

% For
by Proxy
Votes
Against

by Proxy
% Against
by Proxy
Re-approval of stock option plan 60,485,660 94% 3,541,699 6%

About Evertz

Evertz Technologies Limited (TSX: ET) designs, manufactures and markets video and audio infrastructure solutions for the television, telecommunications and new-media industries. The Company’s solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their increasingly complex multi-channel digital, and high and ultra-high definition television (“HDTV” and “UHD”) and next generation high bandwidth low latency IP network environments and by telecommunications and new-media companies. The Company’s products allow its customers to generate additional revenue while reducing costs through efficient signal routing, distribution, monitoring and management of content as well as the automation and orchestration of more streamlined and agile workflow processes on premise and in the “Cloud”.

Contact Information

Evertz Technologies Limited
Anthony Gridley
Chief Financial Officer
(905) 335 7580
ir@evertz.com

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