Quarterhill Reports on Shareholder Meeting Results

Quarterhill Inc. Holds Annual Shareholder Meeting

On May 12, 2025, Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) conducted its Annual General and Special Meeting (the "Meeting") in Toronto. The event attracted numerous shareholders, both in-person and by proxy, to discuss significant company matters and partake in crucial voting decisions.

Agenda Highlights

During the Meeting, several key issues were on the agenda for shareholders to vote on, including the election of new board members, the appointment of auditors, and modifications to its equity incentive plan.

Board of Directors Election

The election resulted in the following outcomes:
1. Asha Daniere: 39,758,117 votes for (92.39%), 3,276,120 votes against (7.61%)
2. Pasquale T. (Pat) Deon: 39,780,944 votes for (92.44%), 3,253,293 votes against (7.56%)
3. Rusty Lewis: 39,260,654 votes for (91.23%), 3,773,583 votes against (8.77%)
4. Chuck Myers: 39,958,589 votes for (92.85%), 3,075,648 votes against (7.15%)
5. Robin Saunders: 39,765,256 votes for (92.40%), 3,268,981 votes against (7.60%)
6. Stephen A. Smith: 39,727,221 votes for (92.32%), 3,307,016 votes against (7.68%)

The re-election of these board members emphasizes the shareholders' confidence in their leadership and governance.

Appointment of Auditors

Shareholders also voted on a resolution to appoint Ernst & Young Canada LLP as the company’s auditors until the next annual meeting. This decision was overwhelmingly approved, with 42,498,306 votes for (94.12%) and only 2,652,627 votes withheld (5.88%). The approval highlights Quarterhill's commitment to solid financial practices and transparency.

Equity Incentive Plan Amendment

Another significant resolution was the proposed amendment to Quarterhill's 2018 Equity Incentive Plan. A total of 31,074,583 votes were in favor (72.21%), while 11,959,654 votes were against (27.79%). This amendment, aimed at enhancing employee engagement and retention, underscores the company's growth-focused strategy.

Company Overview

Quarterhill Inc. continues to position itself as a prominent player within the Intelligent Transportation System (ITS) industry. With a vision centered on technology-driven global leadership in tolling, safety, and enforcement solutions, Quarterhill is committed to advancing its business through organic growth and strategic acquisitions. The company remains steadfast in capitalizing on promising opportunities within ITS and nearby markets.

For further details, stakeholders can view a recording of the Meeting in the Investors section of Quarterhill's official website. It's an essential resource for shareholders wanting to stay informed about the company’s direction and performance.

Conclusion

Quarterhill's Annual General and Special Meeting marks another milestone in its operations. The supportive shareholder votes reflect a collective trust in the company's leadership, paving the way for continued growth and success in the evolving transportation sector. The company's focus on strategic partnerships and innovative solutions positions it well for the future.