An anonymous director reports
QUARTERHILL ANNOUNCES ANNUAL AND SPECIAL MEETING RESULTS
Quarterhill Inc. has released the results from its annual and special meeting of shareholders that was held on Monday, May 8, 2023, at 9:30 a.m. Eastern Daylight Time.
At the meeting, Quarterhill shareholders (present in person or by proxy) voted on the following, full details of which are set out in Quarterhill's March 21, 2023, notice of meeting and management information circular issued in connection with the meeting.
1. The election of the following nominees to Quarterhill's board of directors, which was approved by shareholders as shown in an attached table.
2. An ordinary resolution appointing Ernst & Young LLP as Quarterhill's auditor to hold office until the next annual meeting of Quarterhill's shareholders and authorizing the board to fix its remuneration, which was approved by shareholders as shown in an attached table.
Votes for % votes for Votes withheld % votes withheld
47,984,462 98.94% 515,405 1.06%
3. A special resolution authorizing a reduction to the stated capital account of the common shares in the amount of $120-million, as set out in Exhibit A to the circular, which was approved by shareholders as shown in an attached table.
Votes for % votes for Votes against % votes against
38,844,543 84.97% 6,871,116 15.03%
About Quarterhill Inc.
Quarterhill is a leading provider of tolling and enforcement solutions in the intelligent transportation system (ITS) industry as well as, through its Wi-LAN Inc. subsidiary, a leader in intellectual property licensing. The company's goal is global leadership in ITS through organic growth of the Electronic Transaction Consultants LLC (ETC) and International Road Dynamics Inc. (IRD) platforms and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. 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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