BlackBerry held its annual and special meeting Wednesday with the eight nominees listed in the company’s management proxy circular dated May 2, 2022, for the company’s annual and special meeting of shareholders held on June 22, 2022, elected as directors to serve until BlackBerry’s next annual shareholder meeting or until their successors are elected or appointed.
The company took up eight directors for a vote as promised, and all eight won approval, with CEO John Chen receiving 83.94% of votes in favour.
Some more opposition was lodged against Richard Lynch (27.18% withheld) and Michael Daniels (36.3% withheld).
The company’s lead director Fairfax Financial’s Prem Watsa, received the most opposition, scraping through with 50.73% of votes for his nomination to 49.27% withheld.
The detailed results of the vote are set out below.
Election of Directors
|Nominee||Votes For||% For||Votes Withheld||% Withheld|
|John Chen||192,327,109||83.94 %||36,804,130||16.06 %|
|Michael A. Daniels||145,952,540||63.70 %||83,178,698||36.30 %|
|Timothy Dattels||216,574,805||94.52 %||12,556,434||5.48 %|
|Lisa Disbrow||216,463,361||94.47 %||12,667,877||5.53 %|
|Richard Lynch||166,842,701||72.82 %||62,288,538||27.18 %|
|Laurie Smaldone Alsup||216,196,656||94.35 %||12,934,582||5.65 %|
|V. Prem Watsa||116,231,953||50.73 %||112,899,287||49.27 %|
|Wayne Wouters||216,289,190||94.40 %||12,842,049||5.60 %|
Re-appointment of Independent Auditors
The re-appointment of PricewaterhouseCoopers LLP as the independent auditors of the Company as described in the management proxy circular was approved, based upon the following votes:
Approval of Unallocated Entitlements under the Equity Incentive Plan
The resolution on the unallocated entitlements under the Company’s Equity Incentive Plan as described in the management proxy circular was approved, based upon the following votes:
Advisory Vote on Executive Compensation
The advisory resolution on executive compensation as described in the management proxy circular was not approved, based on the following votes: