Sierra Wireless (NASDAQ: SWIR) (TSX: SW), the IoT solutions provider that combines devices, network services and software to unlock value in the connected economy, has provided a further update on the proposed Board composition and 2020 Management Information Circular (the “Circular”), the company said.
As set forth in the Circular dated April 20, 2020, in connection with the Company´s upcoming Annual and Special Meeting of Shareholders (the Meeting”), the Company has recommended to shareholders that they consider and, if deemed appropriate, pass a special resolution authorizing the Company to amend its articles to increase the maximum number of directors of the Company from nine to twelve (the “Board Expansion Resolution”). See “Business of the Meeting – Amendment of Articles” in the Circular.
The Company advised in the Circular that, subject to the approval of the Board Expansion Resolution, the Board of Directors of the Company would appoint three additional independent directors. As set out in the Company´s press release dated May 4, 2020, certain updates were made regarding the anticipated appointees.
The Company would now like to update the Circular disclosure by announcing that, in the event that the Board Expansion Resolution is passed at the Meeting, Thomas K. Linton will join the Company´s Board of Directors along with Martin McCourt and Mark Twaalfhoven.
Sierra Wireless is the IoT solutions provider that combines devices, network services and software to unlock value in the connected economy. For more information, visit www.sierrawireless.com.