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Quarterhill Inc. Annual General Meeting Results

On May 26, 2026, Quarterhill Inc. held its Annual General and Special Meeting of Shareholders, detailing important outcomes and decisions concerning the company’s governance and strategic initiatives in the Intelligent Transportation System (ITS) sector. Quarterhill, known for its innovative AI-driven solutions, continues to enhance mobility through cutting-edge technologies aimed at reducing traffic congestion and improving road safety.

Meeting Highlights

More than 35 million shares were represented, showcasing a robust turnout among investors. The meeting's agenda was comprehensive, covering several critical items that included board member elections and the appointment of auditors.

1. Board of Directors

Shareholders voted to maintain the board size at seven members. The election for board director positions showed overwhelming support for several candidates. Noteworthy results included:

• - Stephen A. Smith received 92.82% of votes in favor, solidifying his position as a pivotal figure in Quarterhill’s strategic direction.
• - Long-time board member Rusty Lewis also secured a strong vote of 92.80%.
• - New nominee Robin Saunders garnered 81.06% support, reflecting shareholders’ confidence in his ability to contribute effectively.

This diverse board is expected to bring a wealth of experience and vision, steering the company towards continued success in the evolving transportation landscape.

2. Auditor Appointment

In a strong show of confidence, shareholders overwhelmingly approved the appointment of Ernst & Young Canada LLP as Quarterhill’s auditors, with an impressive 98.99% of votes in favor. This renewal of the auditing firm is beneficial for ensuring transparency and adherence to financial regulations, essential for fostering investor trust.

3. Equity Incentive Plan Amendment

An amendment to the 2018 Equity Incentive Plan was met with a mixed response, with 71.99% approval. This plan aims at aligning the interests of employees and shareholders, promoting long-term growth and profitability through equity-based compensation. However, the significant percentage of votes against it indicates areas for further discussion and improvement in how the plan aligns with shareholder interests.

About Quarterhill

Quarterhill has positioned itself as a leader in the ITS industry by pioneering smart infrastructure solutions that empower efficient mobility. Utilizing advanced technologies like artificial intelligence and machine learning, Quarterhill’s systems are designed to optimize the management of transportation networks. Each year, the company processes billions of transactions related to roadway safety and compliance, showcasing its impact on global transportation. The company’s strategy focuses on collaboration with governments and communities to construct intelligent, resilient roadways crucial for the future of transportation.

As the industry evolves, stakeholders remain optimistic about Quarterhill’s ability to adapt and lead in providing innovative solutions that improve travel experiences and operational efficiencies in transportation.

For more detailed information about their initiatives and technologies, visit Quarterhill’s official site.