SASKATOON, SASKATCHEWAN--(Marketwired - May 13, 2013) - The Annual and Special Meeting of Shareholders ("Annual Meeting") for International Road Dynamics Inc. (the "Corporation") (IRD.TO) was held on May 9th, 2013 in Saskatoon, SK. Each of the matters voted upon at the Annual Meeting is discussed in detail in the Corporation's management Proxy and Information Circular dated April 4, 2013 and is available on SEDAR at: www.sedar.com.
The voting results for each matter presented at the annual and special meeting are provided below:
- Election of Directors. Each of the following seven nominees proposed as directors and listed in the Corporation's information circular dated April 4, 2013 were elected as directors. Proxies were received as follows:
|Nominee||Votes For||Votes Withheld|
|Dr. A.T. Bergan||2,039,649||91.66||185,512||8.34|
|Dr. C. Michael Walton||2,161,561||97.14||63,600||2.86|
- Appointment of Auditors. The appointment of KPMG LLP, Chartered Accountants, to serve as the auditors of the Corporation until the next annual meeting of shareholders or until their successors are appointed was approved by a show of hands. Proxies representing 2,240,561 (99.73%) votes for and 6,000 (0.27%) votes withheld were received.
- Shareholders' Rights Plan. The shareholders' rights plan as set out in the Shareholder Rights Plan Agreement dated as of November 2, 1997, between the Corporation and Pacific Corporate Trust Company (now Computershare Trust Company of Canada) was extended for a further three year period by a show of hands. Proxies representing 1,921,139 (86.34%) votes for and 304,022 (13.66%) votes against were received.
IRD is a highway traffic management technology company specializing in supplying products and systems to the global Intelligent Transportation Systems (ITS) industry. IRD is a North American company based in Saskatoon, Saskatchewan Canada with sales and service offices throughout the United States and overseas. Private corporations, transportation agencies and highway authorities around the world use IRD's products and advanced systems to manage and protect their highway infrastructures.
The Company's shares trade on the Toronto Stock Exchange under the symbol IRD.
IRD is listed on the TSX - trading symbol - IRD