MONTREAL, Sept. 07, 2018 (GLOBE NEWSWIRE) -- TECSYS Inc. (TSX: TCS), (the “Corporation”), announces the results of the matters voted upon at the annual and special meeting (the “Meeting”) of shareholders of the Corporation (the “Shareholders”) held on September 6, 2018.
According to the scrutineers’ report, shareholders holding 11,506,758 common shares (the “Common Shares”) were represented at the Meeting in person or by proxy, representing 87.96% of the issued and outstanding Common Shares as of the record date on July 24, 2018.
The Shareholders elected the eight nominees listed in the management information circular dated July 25, 2018 (the “Circular”) to be the directors of the Corporation (the “Directors”). Each nominee (including every incumbent Director) was elected by a majority of the votes cast. Each Director will hold office until the next annual meeting of Shareholders or until the election of his successor, unless the Director resigns or the Director’s office becomes vacant. The matter was put to a vote by show of hands and the report on proxies provided by the scrutineers at the Meeting was as follows:
| Director Nominee | Number of Votes FOR | Number of Votes WITHHELD | Percentage of Total Votes FOR | Percentage of Total Votes WITHHELD |
| Frank J. Bergandi | 11,158,677 | 228,603 | 97.99% | 2.01% |
| David Brereton | 11,159,062 | 228,218 | 98.00% | 2.00% |
| Peter Brereton | 11,159,175 | 228,105 | 98.00% | 2.00% |
| Vernon Lobo | 10,920,962 | 466,318 | 95.90% | 4.10% |
| Steve Sasser | 10,920,962 | 466,318 | 95.90% | 4.10% |
| David Wayland | 11,159,175 | 228,105 | 98.00% | 2.00% |
| David Booth | 11,158,875 | 228,405 | 97.99% | 2.01% |
| John Ensign | 10,526,764 | 860,516 | 92.44% | 7.56% |
The Shareholders also voted to re-appoint KPMG LLP as auditors of the Corporation and to approve the establishment of a stock option plan for directors, officers, employees and consultants of the Corporation (the “Stock Option Plan”).
Additional information concerning the Directors, the appointment of the auditors and the Stock Option Plan is available in the Circular, which was mailed to Shareholders in connection with the Meeting and is available on SEDAR (www.sedar.com). Final voting results on all matters voted on at the Meeting will also be filed on SEDAR.
About TECSYS
TECSYS provides transformative supply chain solutions that equip our customers to succeed in a rapidly-changing omni-channel world. TECSYS solutions are built on a true enterprise supply chain platform, and include warehouse management, distribution, transportation management, supply management at point-of-use, as well as complete financial management and analytic solutions. Customers running on TECSYS' Supply Chain Platform are confident knowing they can execute, day in and day out, regardless of business fluctuations or changes in technology, they can adapt and scale to any business needs or size, and they can expand and collaborate with customers, suppliers and partners as one borderless enterprise. From demand planning to demand fulfillment, TECSYS puts power into the hands of both front line workers and back office planners, and unshackles business leaders so they can see and manage their supply chains like never before.
TECSYS is the market leader in supply chain solutions for health systems and hospitals. Over 600 mid-size and Fortune 1000 customers trust their supply chains to TECSYS in the healthcare, service parts, third-party logistics, and general wholesale high-volume distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
Contact:
Solutions and general info: info@tecsys.com
Investor relations: steve.li@tecsys.com, (514) 866-5800 ext. 4120
Media relations: media@tecsys.com
(514) 866-0001 or (800) 922-8649
The statements in this news release relating to matters that are not historical fact are forward looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with TECSYS Inc.’s business can be found in the MD&A section of the Company’s annual report and annual information form for the fiscal year ended April 30th, 2018. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com) and on SEDAR (www.sedar.com).
Copyright © TECSYS Inc. 2018. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.