BSM Technologies Voting Results from Annual General and Special Meeting of Shareholders

22/03/2019 20:04
BSM Technologies Voting Results from Annual General and Special Meeting of Shareholders

TORONTO, March 22, 2019 /CNW/ - BSM Technologies Inc. (the "Corporation" or "BSM") (TSX: GPS), a leading provider of Internet of Things (IoT) enabled telematics and asset management solutions, today announced its voting results from its annual general and special meeting of shareholders (the "Meeting") held in Toronto on March 21, 2019.

A total of 49,846,471 common shares of the Corporation, representing 61.81% of the Corporation's outstanding common shares as of the record date of February 4, 2019, were voted in person or by proxy at the Meeting.

BSM shareholders voted in favour of all items of business, including the following director nominees:




Director Nominee

Votes For

Votes Withheld

Number

%

Number

%

Andrew Gutman

38,308,816

78.06

10,770,426

21.94

Louis De Jong

39,063,466

79.59

10,015,776

20.41

Frank Maw

38,309,094

78.06

10,770,148

21.94

Leonard Metcalfe

38,310,770

78.06

10,768,472

21.94

David D. Sgro

38,343,706

78.13

10,735,536

21.87

Gregory Monahan

38,347,560

78.13

10,731,682

21.87

Kelly Edmison

38,497,595

78.44

10,581,647

21.56

 

In addition to the election of the director nominees, BSM's shareholders also approved:

  • The resolution approving the re-appointment of PricewaterhouseCoopers LLP as the auditors of the Corporation for the ensuing year and to authorize the board of directors of the Corporation to fix their remuneration, with 47,936,346 (99.99%) total votes cast "FOR" and 6,281 (0.01%) total votes "WITHHELD";
  • The resolution approving certain amendments to the Corporation's restricted share unit plan (the "RSU Plan"), and all unallocated restricted share units issuable pursuant to the RSU Plan, with 37,104,760 (75.60%) total votes cast "FOR" and 11,974,482 (24.40%) total votes "WITHHELD"; and
  • The resolution approving certain amendments to the Corporation's deferred share unit plan (the "DSU Plan"), including increasing the maximum number of common shares reserved for issuance under the DSU Plan by 350,000, from 1,000,000 to 1,350,000, and all unallocated deferred share units issuable pursuant to the DSU Plan, with 37,138,832 (75.67%) total votes cast "FOR" and 11,940,410 (24.33%) total votes "WITHHELD".

The Corporation has filed a report of voting results on all resolutions voted on at the Meeting under the Corporation's profile on SEDAR at www.sedar.com.

About BSM Technologies:

With more than 20 years of experience, BSM Technologies Inc., through its subsidiaries and affiliates, is a leading provider of Internet of Things (IoT) enabled telematics and asset management solutions. Focused on the Government, Service, Rail and Construction markets, BSM provides the technology, tools and services required to connect, analyze and optimize fleets, equipment and people – empowering data-driven operational decision-making. BSM illuminate, BSM's software platform, enables companies to leverage data insights, analytics and optimization tools for competitive advantage.  

For more information, please visit http://www.bsmtechnologies.com. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release.


SOURCE BSM Technologies Inc.

View original content: http://www.newswire.ca/en/releases/archive/March2019/22/c7501.html

Louis De Jong, President & CEO, BSM Technologies Inc., (416) 675-1201, louis.dejong@bsmtechnologies.com; Craig MacPhail, Investor Relations, NATIONAL Capital Markets, (416) 586-1938, cmacphail@national.caCopyright CNW Group 2019

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