Sierra Wireless Announces Results of Annual Shareholders Meeting

Business Wire 19-May-2017 4:05 PM

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) (Sierra Wireless or the Company) is pleased to announce the results from its annual general and special meeting of shareholders (the Meeting) held on May 18, 2017.

All of the seven nominees proposed by management for election to the Board of Directors at the Meeting and listed in the Companys Management Information Circular dated April 11, 2017, were elected. The Directors will remain in office until the next annual meeting of shareholders, or until their successors are elected or appointed.

The results of the vote on the election of the Board of Directors are as follows:

Board of Directors

Votes in Favour

Votes Withheld

Number of Votes Percentage (%) Number of Votes Percentage (%)
Jason W. Cohenour 9,593,018 98.55 141,333 1.45
Gregory D. Aasen 9,337,496 95.93 396,555 4.07
Robin A. Abrams 9,616,064 98.78 118,287 1.22
Paul G. Cataford 9,582,958 98.44 151,393 1.56
Charles E. Levine 9,584,032 98.46 150,319 1.54
Thomas Sieber 9,641,694 99.05 92,658 0.95
Kent P. Thexton 9,639,239 99.02 95,112 0.98

The other items of business at the Meeting were to (i) appoint Ernst & Young LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year and to authorize the directors to fix the remuneration of the auditors; (ii) consider and, if deemed advisable, pass an ordinary resolution approving all unallocated options, rights and other entitlements under the Amended and Restated 1997 Stock Option Plan of the Company; and (iii) to consider and, if deemed advisable, approve a resolution to accept the Companys approach to executive compensation.

By resolution passed by a show of hands, Ernst & Young LLP, Chartered Professional Accountants, were appointed as auditors of the Company for the ensuing year. Proxies received as of the close of business on May 16, 2017 with respect to the reappointment of Ernst & Young LLP, Chartered Professional Accountants, were voted as follows: 22,103,097common shares (representing 98.34%of the common shares voted), voted for, and 372,272common shares (representing 1.66% of the common shares voted), withheld.

By resolution passed by ballot vote, the shareholders approved all unallocated options, rights and other entitlements under the Amended and Restated 1997 Stock Option Plan of the Company, as follows: 8,220,394 common shares (representing 84.45% of the common shares voted), voted in favor, and 1,513,946 common shares (representing 15.55% of the common shares voted), voted against.

By resolution passed by ballot vote, the shareholders approved a resolution to accept the Companys approach to executive compensation, as follows: 7,517,015 common shares (representing 77.20% of the common shares voted), voted in favor, and 2,219,983 common shares (representing 22.80% of the common shares voted), voted against.

About Sierra Wireless

Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is building the Internet of Things with intelligent wireless solutions that empower organizations to innovate in the connected world. Customers Start with Sierra because we offer the industrys most comprehensive portfolio of 2G, 3G and 4G embedded modules and gateways, seamlessly integrated with our secure cloud and connectivity services. OEMs and enterprises worldwide trust our innovative solutions to get their connected products and services to market faster. Sierra Wireless has more than 1,100 employees globally and operates R&D centers in North America, Europe and Asia. For more information, visit www.sierrawireless.com.

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Sierra Wireless, Inc. For further information, please contact:Media Contact:Kim Homeniuk, +1 (604) 233-8028khomeniuk@sierrawireless.comorInvestor Contact:David Climie, +1 (604) 231-1137dclimie@sierrawireless.com

Source: Sierra Wireless, Inc.