OpenText Reports Successful Shareholder Meeting Results
OpenText Announces Successful Voting Results for Directors
OpenText Corporation (NASDAQ: OTEX) recently held its annual meeting of shareholders, where the nominees for directors were reaffirmed by shareholders. This virtual event allowed stakeholders to engage from various locations, showcasing the company's commitment to transparency and governance.
Highlights from the Meeting
During the meeting, it was reported that a significant majority of shareholders were represented, with 221,529,725 common shares, equating to 82.60% of outstanding shares. This active participation illustrates the confidence that shareholders have in the company’s leadership and direction.
List of Re-Elected Directors
The following individuals were elected to serve as directors until the next annual meeting or until their successors are appointed:
- P. Thomas Jenkins received 206,137,984 votes in favor (94.24%)
- Mark J. Barrenechea was elected with 211,660,325 votes (96.76%)
- Randy Fowlie earned 203,860,433 voting support (93.20%)
- David Fraser garnered 186,932,481 votes in his favor (85.46%)
- Robert Hau was overwhelmingly supported with 218,061,192 votes (99.69%)
- Goldy Hyder had 209,812,162 votes in support (95.92%)
- Annette Rippert received 209,849,059 votes (95.93%)
- Stephen J. Sadler was backed by 208,584,252 votes (95.36%)
- Katharine B. Stevenson obtained 212,679,811 votes (97.23%)
- Deborah Weinstein secured 200,491,634 votes (91.66%)
Key Takeaways
Prior to the meeting, Ann M. Powell informed OpenText of her decision not to seek re-election. The Board expressed gratitude for her years of valuable service, emphasizing the importance of each member's contribution to the company's success.
Additional Insights
The results from the meeting are vital, not only for maintaining effective governance but also as a clear signal to the market regarding the stability and confidence within the leadership of OpenText. By having the majority of the director nominees re-elected, OpenText demonstrates a unified vision moving forward.
About OpenText Corporation
OpenText is a leader in Information Management software and services worldwide. The company aims to solve complex issues that organizations face today through its comprehensive suite of Business Clouds, Business AI, and Business Technology tools. With a focus on developing innovative solutions, OpenText continues to enhance its offerings to meet the diverse needs of its clients.
Frequently Asked Questions
What is the purpose of the annual meeting?
The annual meeting serves as a platform for shareholders to vote on key decisions, including the election of directors and other vital governance matters.
How many shares were represented at the meeting?
A total of 221,529,725 common shares, representing 82.60% of outstanding shares, were present or represented by proxy.
Who was not seeking re-election?
Ann M. Powell announced her decision not to stand for election as a director, which the Board acknowledged during the meeting.
What is the significance of the voting results?
The voting results reaffirm the confidence shareholders have in the company's leadership and direction, establishing stability for future strategic initiatives.
Where can I find more information about OpenText?
For additional information about OpenText and its offerings, visit their official website.
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