Telesat's Annual Meeting Highlights Decisions and Future Outlook

Telesat's Annual Meeting: Key Highlights and Results

Recently, Telesat Corporation (Nasdaq and TSX: TSAT), a leading satellite operator known for its innovative solutions, held its annual general meeting. This meeting was particularly engaging as it took place virtually, allowing shareholders from various locations to participate easily.

Voting Outcomes and Key Appointments

During the meeting, all proposed resolutions were approved, which included the appointment of Deloitte LLP as the Company’s auditors and the election of the board of directors. Each director nominee received overwhelming support from shareholders, showcasing confidence in Telesat's leadership. Here are the details of the voting outcomes:

Director Nominees and Voting Results

1. **Michael Boychuk** - Votes For: 47,936,239, Votes Withheld: 986,534

2. **Jane Craighead** - Votes For: 46,146,974, Votes Withheld: 2,775,795

3. **Richard Fadden** - Votes For: 47,932,024, Votes Withheld: 990,749

4. **Daniel S. Goldberg** - Votes For: 47,934,997, Votes Withheld: 987,776

5. **Henry (Hank) Intven** - Votes For: 46,846,629, Votes Withheld: 2,076,144

6. **David Morin** - Votes For: 47,926,555, Votes Withheld: 996,218

7. **Dr. Mark H. Rachesky** - Votes For: 46,143,966, Votes Withheld: 2,778,807

8. **Guthrie Stewart** - Votes For: 46,145,394, Votes Withheld: 2,777,377

9. **Michael B. Targoff** - Votes For: 47,938,568, Votes Withheld: 984,205

10. **Janet Yeung** - Votes For: 47,938,784, Votes Withheld: 983,987

About Telesat and Its Innovative Future

With a history of commitment to engineering excellence and customer satisfaction, Telesat (Nasdaq and TSX: TSAT) continues to stand out as one of the largest satellite operators globally. The company prides itself on delivering essential connectivity solutions tailored to meet complex communication needs, supporting clients in various sectors, from government to telecommunications.

Telesat Lightspeed: A Game Changer in Connectivity

One of the highlights of Telesat's future endeavors is the Telesat Lightspeed, their Low Earth Orbit (LEO) satellite network. This cutting-edge network is designed to provide affordable, high-capacity connections with incredible speed, ensuring that customers benefit from fiber-like performance for their telecommunications, government needs, maritime, and aeronautical operations. Telesat Lightspeed is poised to revolutionize the landscape of global satellite connectivity.

Continuing Connections and Customer Engagement

Telesat remains dedicated to building strong relationships with its customers, ensuring that all solutions provided not only meet expectations but also help foster growth and innovation in their respective fields. As the demand for high-quality connectivity solutions continues to grow, Telesat is ready to step up with innovative offerings that make a significant difference.

Frequently Asked Questions

1. What were the main outcomes of Telesat's annual meeting?

The meeting saw all proposed resolutions approved, including the appointment of Deloitte LLP as auditors and the election of the board of directors.

2. How does Telesat plan to innovate in the coming years?

Telesat plans to innovate through its Telesat Lightspeed network, which aims to offer affordable, high-capacity, low-latency satellite connectivity.

3. What types of customers does Telesat serve?

Telesat serves a diverse range of customers, including those in government, telecommunications, maritime, and aeronautical sectors.

4. How can stakeholders stay updated with Telesat’s developments?

Stakeholders can follow Telesat on social media platforms like LinkedIn and X or visit their official website for updates and news.

5. Who can I contact for investor relations at Telesat?

Investor Relations can be contacted through James Ratcliffe at +1 613 748 8424 or via email at ir@telesat.com.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

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