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Baylin Announces Voting Results from the 2019 Annual Meeting of Shareholders

TORONTO , May 15, 2019 /CNW/ - Baylin Technologies Inc. (BYL.TO) ("Baylin" or the "Company") announced today the results of matters voted on at its annual general meeting of shareholders held on May 14, 2019 (the "Meeting"). The voting results of each of the matters presented at the Meeting are outlined below.

There were 35 shareholders represented in person or by proxy at the Meeting holding an aggregate of 27,827,923 common shares of the Company, representing 69.45% of the Company's total issued and outstanding common shares as at the record date for the Meeting.

Matter 1: Election of Directors

On a vote by way of ballot, each of the eight nominees proposed by management was elected to serve as a director of the Company to hold office for the ensuing year or until their successors are elected or appointed. The numbers in respect of the vote are based on the ballots received:

Nominee

Votes In Favour

Votes Withheld

#

%

#

%

Jeffrey C. Royer

27,693,333

99.88

33,990

0.12

Randy L. Dewey

27,724,233

99.99

3,090

0.01

Janice Davis

27,725,233

99.99

2,090

0.01

David M. Gelerman

8,077,196

29.13

19,650,127

70.87

Barry J. Reiter

27,722,833

99.98

4,490

0.02

Donald E. Simmonds

26,616,267

95.99

1,111,056

4.01

Harold M. Wolkin

26,585,367

95.88

1,141,956

4.12

David J. Saska

27,721,833

99.98

5,490

0.02

 

Despite such elections, because Mr. David M. Gelerman received more "withheld" votes than "for" votes, he is required to submit to the board of directors his resignation for consideration in accordance with the Company's majority voting policy (the "Majority Voting Policy"). A copy of the Majority Voting Policy is available on the Company's website and is described in detail in the management information circular of the Company dated April 1, 2019 , a copy of which is available on the Company's profile at www.sedar.com.

Mr. Stockwell Day , having served as a director of the Company since 2013, did not seek re-election to the board at the Meeting.

Matter 2: Appointment of Auditor

On a vote by way of a show of hands, RSM Canada LLP, was appointed as auditor of the Company to hold office until the close of the next annual meeting of shareholders or until their successor is appointed, at a remuneration to be fixed by the directors of the Company. The numbers in respect of the vote are based on the proxies received:

Votes In Favour

Votes Withheld

#

%

#

%

26,671,692

95.85

1,155,961

4.15

 

ABOUT BAYLIN

Baylin is a diversified leading global wireless technology management company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio-frequency products and services. Baylin aspires to exceed its customers' needs and anticipate the direction of the market.

SOURCE Baylin Technologies Inc.


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