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Exhibit 99.1

 

LOGO

     NEWS RELEASE  

Mitel Reports Voting Results from 2017 Annual Meeting of Shareholders

OTTAWA, May 17, 2017 — Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in enterprise communications, announced at its Annual Meeting of Shareholders held on May 15, 2017 the election of 8 nominees proposed for its Board of Directors, as set out in the Corporation’s definitive proxy statement dated April 21, 2017, as supplemented by definitive additional materials filed with the Securities and Exchange Commission on May 4, 2017. As of the March 21, 2017 record date for the determination of the shareholders entitled to notice of and to vote at the meeting, 122,788,211 common shares were outstanding and eligible to vote. A total of 98,574,440 shares were voted in person or by proxy at the meeting.

“We are pleased that shareholders have supported our proposals and ratified our executive compensation,” said Richard McBee, Chief Executive Officer. “Their support reflects an understanding that Mitel’s current executive compensation policies are in line with industry practice and that certain legacy agreements are not reflective of our current policies.”

The requisite number of shareholders voted in favour of all items of business, including election of each of the eight director nominees as follows:

 

     Number of Common Shares      Percentage of Votes Cast  
   Voted
For
     Withheld
from Voting
     Broker
Non-Votes
     Voted
For
    Withheld
from Voting
 

Dr. Terence H. Matthews

     78,346,956        9,248,866        10,949,347        89.44     10.56

Richard D. McBee

     86,275,146        1,320,676        10,949,347        98.49     1.51

Benjamin H. Ball

     81,814,247        5,781,575        10,949,347        93.40     6.60

Peter D. Charbonneau

     82,912,202        4,683,620        10,949,347        94.65     5.35

John P. McHugh

     85,354,364        2,241,458        10,949,347        97.44     2.56

Sudhakar Ramakrishna

     87,213,888        381,934        10,949,347        99.56     0.44

David M. Williams

     85,398,241        2,197,581        10,949,347        97.49     2.51

Martha H. Bejar

     87,253,373        342,449        10,949,347        99.61     0.39

Additionally, Mitel’s advisory “say on pay” vote received 70.71% support based on proxies received prior to the meeting and votes cast in person at the meeting. Full results of the votes are included as Appendix “A” to this press release. Unless otherwise indicated, the vote for each motion was taken by a show of hands and the number of votes disclosed reflects only those proxies received by management in advance of the meeting.


About Mitel

A global market leader in enterprise communications powering more than two billion business connections, Mitel (Nasdaq:MITL) (TSX:MNW) helps businesses and service providers connect, collaborate and provide innovative services to their customers. Our innovation and communications experts serve more than 60 million business users in more than 100 countries. For more information, go to www.mitel.com and follow us on Twitter @Mitel.

Mitel is the registered trademark of Mitel Networks Corporation.

All other trademarks are the property of their respective owners.

MITL-F

Contact Information

 

Media

Camille Beasley

469-212-0433

camille.beasley@mitel.com

  

Investors

Michael McCarthy

469-574-8134

michael.mccarthy@mitel.com

Industry Analysts

Denise Hogberg

469-212-0434

denise.hogberg@mitel.com

  


Appendix A

Annual Resolution No. 1:

Number of Directors. The number of directors was set at eight.

 

Number of Common Shares

     Percentage of Votes Cast  

Voted For

   Voted Against      Abstained from Voting      Broker Non-Votes      Voted
For
         Voted
Against
         Abstained from
Voting
 

97,563,080

     836,618        145,471        0        99        0.85        0.15

Election of Directors – Elected. Each of the directors listed as nominees in the Proxy Statement were elected directors of the Corporation until the next annual meeting.

 

     Number of Common Shares      Percentage of Votes Cast  
   Voted
For1
     Withheld
from Voting
     Broker
Non-Votes
     Voted
For
    Withheld
from Voting
 

Dr. Terence H. Matthews

     78,346,956        9,248,866        10,949,347        89.44     10.56

Richard D. McBee

     86,275,146        1,320,676        10,949,347        98.49     1.51

Benjamin H. Ball

     81,814,247        5,781,575        10,949,347        93.40     6.60

Peter D. Charbonneau

     82,912,202        4,683,620        10,949,347        94.65     5.35

John P. McHugh

     85,354,364        2,241,458        10,949,347        97.44     2.56

Sudhakar Ramakrishna

     87,213,888        381,934        10,949,347        99.56     0.44

David M. Williams

     85,398,241        2,197,581        10,949,347        97.49     2.51

Martha H. Bejar

     87,253,373        342,449        10,949,347        99.61     0.39

Annual Resolution No. 2: Appointment of Auditors – Passed. Deloitte LLP was appointed auditor of the Corporation.

 

Number of Common Shares

  

Percentage of Votes Cast

Voted For

  

Withheld from Voting

  

Broker Non-Votes

  

Voted For

       

Withheld from Voting

93,664,095

   4,881,072    2    95.05%       4.95%

Annual Resolution No. 3: Advisory Vote for Executive Compensation – Passed. An advisory (non-binding) resolution to approve executive compensation was passed.

 

Number of Common Shares

     Percentage of Votes Cast  

Voted For

   Voted Against      Abstained from Voting      Broker Non-Votes      Voted
For
         Voted
Against
         Abstained from
Voting
 

61,940,067

     25,537,076        118,679        10,949,347        70.71        29.15        0.14


Resolution No. 4: Advisory Vote on Frequency of “Say-on-Pay” Votes – 1 Year. Shareholders determined that the preferred frequency of an advisory vote on the executive compensation of the Corporation’s NEOs as set forth in the Proxy Statement will be every one year.

 

Number of Common Shares

 

Percentage of Votes Cast

Voted For
1 Year

 

Voted For
2 Years

 

Voted For
3 Years

 

Abstained
from Voting

 

Broker
Non-Votes

 

Voted For
1 Year

 

Voted For
2 Years

 

Voted
For
3 Years

 

Abstained
from
Voting

85,509,445   30,235   1,946,826   109,316   10,949,347   97.62%   0.03%   2.22%   0.12%

Ordinary Resolution No. 1: 2017 Omnibus Incentive Plan – Passed. A resolution to approve the Plan, as more particularly described in the Proxy Statement, was passed by a ballot vote. The number of votes disclosed reflects those proxies received by management in advance of the Meeting and votes cast by ballot at the meeting.

 

Number of Common Shares

 

Percentage of Votes Cast

Voted For

 

Voted Against

 

Abstained from
Voting

 

Broker Non-Votes

 

Voted
For

   

Voted
Against

   

Abstained from
Voting

75,590,498   11,990,290   44,305   10,949,347   86.27%     13.68%     0.05%

By-Law Ratification Resolution – Passed. A resolution to confirm the amendment to the By-Laws of the Corporation, as approved and adopted by the Board on December 16, 2016, to increase the quorum requirement of any meeting of the Corporation’s shareholders from 25% to 33 1/3%, was passed.

 

Number of Common Shares

 

Percentage of Votes Cast

Voted For

 

Voted Against

 

Abstained from
Voting

 

Broker Non-Votes

 

Voted
For

   

Voted
Against

   

Abstained from
Voting

83,195,360   4,293,352   107,110   10,949,347   94.98%     4.90%     0.12%