Avigilon Announces Results of AGM
Avigilon's shareholders approved all of the Meeting's resolutions by an overwhelming majority. The details of voting follow:
Set the Number of Directors of Avigilon at Eight
Votes For |
% For |
Votes Against |
% Against |
21,745,505 |
99.74 |
57,606 |
0.26 |
Re-appointment of PricewaterhouseCoopers LLP as Avigilon's Auditor
Votes For |
% For |
Votes Withheld |
% Withheld |
21,755,284 |
99.78 |
47,829 |
0.22 |
Election of Directors
Nominee |
Votes For |
% For |
Votes Withheld |
% Withheld |
Alexander Fernandes |
20,302,119 |
97.87 |
441,555 |
2.13 |
Wan Jung |
20,319,701 |
97.96 |
423,973 |
2.04 |
Bruce Marginson |
20,302,977 |
97.88 |
440,697 |
2.12 |
Murray Tevlin |
20,095,384 |
96.87 |
648,290 |
3.13 |
Larry Berg |
19,344,101 |
93.25 |
1,399,573 |
6.75 |
Fred Withers |
20,297,426 |
97.85 |
446,248 |
2.15 |
Mike McKnight |
20,307,252 |
97.90 |
436,422 |
2.10 |
Pradeep Khosla |
20,309,509 |
97.91 |
434,165 |
2.09 |
Share Split Resolution
This resolution provides Avigilon's Board of Directors with the discretion to divide the Company's issued and outstanding common shares on a two-for-one basis, such that each existing common share would become two common shares if the resolution were given effect. At this time the Company has no plans to enact this resolution, or to otherwise divide its issued and outstanding shares.
Votes For |
% For |
Votes Against |
% Against |
19,513,795 |
89.50 |
2,289,117 |
10.50 |
Shareholder Rights Plan Resolution
This resolution approved the Company's Shareholder Rights Plan dated May 25, 2016 (the "Rights Plan"), which is now in full force and effect. Avigilon's management adopted the Rights Plan to help maximize shareholder value in the event of an unsolicited take-over bid by providing additional time for Avigilon's shareholders to consider the proposed transaction, and for the Board of Directors to explore, solicit, and consider strategic alternatives. The Rights Plan was not adopted in response to, or in anticipation of, any offer or take-over bid.
Votes For |
% For |
Votes Against |
% Against |
17,550,974 |
84.61 |
3,192,500 |
15.39 |
Avigilon's management and Board of Directors thank the shareholders for their ongoing support, and look forward to reporting on further matters as they may occur.
About Avigilon
Avigilon Corporation provides trusted security solutions to the global market. Avigilon designs, develops, and manufactures video analytics, network video management software and hardware, surveillance cameras, and access control solutions.
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