#Canada #Toronto #MDA Space #AGM 2026

MDA Space's Annual General Meeting 2026: Key Highlights

On May 7, 2026, MDA Space Ltd. conducted its Annual General Meeting (AGM) virtually, reporting significant engagement from shareholders. A total of 82,059,296 common shares were represented, equating to approximately 59.18% of all issued and outstanding shares of the company. This meeting showcased the commitment of the shareholders to partake in pivotal company decisions.

Election of Directors

The agenda commenced with the election of directors. The Board had specified a total of seven directors to be elected. Notably, all nominees included in MDA Space's Management Information Circular, which was disseminated on March 30, 2026, were duly elected for their positions. Below are the voting results for each nominee:

1. Yaprak Baltacioglu
- Votes For: 76,280,937
- % Votes For: 97.48%
- Votes Withheld: 1,972,166
- % Votes Withheld: 2.52%

2. Darren Farber
- Votes For: 78,068,877
- % Votes For: 99.77%
- Votes Withheld: 184,226
- % Votes Withheld: 0.24%

3. Michael Greenley
- Votes For: 78,120,897
- % Votes For: 99.83%
- Votes Withheld: 132,206
- % Votes Withheld: 0.17%

4. Brendan Paddick
- Votes For: 73,979,072
- % Votes For: 94.54%
- Votes Withheld: 4,274,031
- % Votes Withheld: 5.46%

5. Jill Smith
- Votes For: 71,777,903
- % Votes For: 91.73%
- Votes Withheld: 6,475,200
- % Votes Withheld: 8.28%

6. Karl Smith
- Votes For: 78,091,125
- % Votes For: 99.79%
- Votes Withheld: 161,978
- % Votes Withheld: 0.21%

7. Yung Wu
- Votes For: 76,986,313
- % Votes For: 98.38%
- Votes Withheld: 1,266,790
- % Votes Withheld: 1.62%

This outcome reflects a strong shareholder backing for those selected to lead the company into its future endeavors.

Appointment of Auditor

Furthermore, the meeting included a resolution for the appointment of KPMG LLP as the independent auditor for MDA Space. The shareholders overwhelmingly supported this decision, with an astonishing 99.89% votes in favor, reinforcing trust in KPMG's capabilities to oversee MDA's financial reporting.

• - Votes For: 81,964,884
• - % Votes For: 99.89%
• - Votes Withheld: 94,411
• - % Votes Withheld: 0.12%

Advisory Vote on Executive Compensation

The meeting concluded with an advisory vote regarding the company's approach to executive compensation. Shareholders showed strong support for the management's strategies, with 94.47% backing the proposed compensation framework.

• - Votes For: 73,928,932
• - % Votes For: 94.47%
• - Votes Against: 4,324,171
• - % Votes Against: 5.53%

About MDA Space

MDA Space continues to influence the global defense and space sectors, marked by a pioneering spirit in robotics, satellite systems, and geointelligence. With over 55 years of innovation, the team stands as a formidable player with an impressive record of more than 450 missions. MDA Space's expertise promises to leverage transformative technologies to meet evolving space exploration demands. The company aims to turn visionary ideas into tangible missions, ensuring it retains its position as a leader in the space industry.

For more insights, visit MDA Space's official website.