01:48:09 EDT Fri 29 Mar 2024
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Quarterhill Inc
Symbol QTRH
Shares Issued 114,551,350
Close 2021-04-15 C$ 2.45
Market Cap C$ 280,650,808
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Quarterhill shareholders elect eight directors at AGM

2021-04-15 17:24 ET - News Release

Mr. Paul Hill reports

QUARTERHILL REPORTS ANNUAL MEETING RESULTS

All of management's nominees listed in Quarterhill Inc.'s March 10, 2021, management information circular were elected as directors of the company at Quarterhill's April 14, 2021, annual shareholders meeting. Details of the results of the vote for the election of directors held at the meeting are set out herein.

                                   VOTING RESULTS FOR ELECTION OF DIRECTORS

Nominee                             Votes for      % votes for          Votes withheld      % votes withheld

Roxanne Anderson                   36,380,130            93.05%              2,717,823                  6.95%
Dr. Michel Tewfik Fattouche        38,088,889            97.42%              1,009,064                  2.58%
John Kendall Gillberry             36,339,338            92.94%              2,758,615                  7.06%
Paul Hill                          37,891,411            96.91%              1,206,542                  3.09%
W. Paul McCarten                   36,300,965            92.85%              2,796,988                  7.15%
Richard J. Shorkey                 36,290,928            92.82%              2,807,025                  7.18%
James Douglas Skippen              36,305,718            92.86%              2,792,235                  7.14%
Anna Tosta                         37,805,002            96.69%              1,292,951                  3.31%

Quarterhill also confirmed that shareholders approved the appointment of Ernst & Young LLP as the company's auditor at the meeting with the holders of 38,128,366 common shares voting in favour of that resolution (representing 97.52 per cent of votes cast) and with 969,587 votes withheld for that resolution (representing 2.48 per cent of votes cast).

Shareholders also approved an ordinary resolution approving all unallocated awards under Quarterhill's 2018 equity incentive plan and the granting of awards under the equity plan until April 14, 2024, with the holders of 33,539,683 common shares voting in favour of that resolution (representing 85.78 per cent of votes cast) and the holders of 5,558,270 common shares voting against that resolution (representing 14.22 per cent of votes cast).

About Quarterhill Inc.

Quarterhill is a growth-oriented company in the intelligent transportation system (ITS) industry, as well as a leader in intellectual property licensing. Its goal is to execute an investment strategy that capitalizes on attractive growth opportunities within ITS -- and its adjacent markets -- to become a global leader in that industry. Quarterhill is listed on the Toronto Stock Exchange under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF.

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