Press Release: Descartes Announces Results of Annual Meeting of Shareholders

Descartes Announces Results of Annual Meeting of Shareholders

WATERLOO, Ontario, June 13, 2024 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (the "Corporation") announced the voting results from its annual meeting of shareholders held on Thursday, June 13, 2024 (the "Meeting").

Meeting Results

The following matters, as set out in more detail in its Management Information Circular dated May 1, 2024, were considered and voted on by shareholders at the Meeting:

General

The total number of common shares of the Corporation represented in person or by proxy at the Meeting was 75,081,077 which represented 87.93% of the 85,390,142 common shares of the Corporation that were outstanding as of the record date for the Meeting, being April 26, 2024.

Election of Directors

On a vote by ballot, each of the following 10 nominees proposed by management of the Corporation was elected as a director of the Corporation:

 
                     Number of   Percentage of    Number of     Percentage of 
  Director Nominee    Votes FOR    Votes FOR     Votes AGAINST   Votes AGAINST 
-------------------  ----------  -------------  --------------  -------------- 
  Deepak Chopra      73,676,165         99.20%         596,867           0.80% 
-------------------  ----------  -------------  --------------  -------------- 
  Deborah Close      73,226,518         98.59%       1,046,514           1.41% 
-------------------  ----------  -------------  --------------  -------------- 
  Eric Demirian      71,128,917         95.77%       3,144,114           4.23% 
-------------------  ----------  -------------  --------------  -------------- 
  Sandra Hanington   73,394,717         98.82%         878,315           1.18% 
-------------------  ----------  -------------  --------------  -------------- 
  Kelley Irwin       73,970,478         99.59%         302,553           0.41% 
-------------------  ----------  -------------  --------------  -------------- 
  Dennis Maple       73,878,334         99.47%         394,698           0.53% 
-------------------  ----------  -------------  --------------  -------------- 
  Chris Muntwyler    73,393,030         98.82%         880,002           1.18% 
-------------------  ----------  -------------  --------------  -------------- 
  Jane O'Hagan       72,818,746         98.04%       1,454,286           1.96% 
-------------------  ----------  -------------  --------------  -------------- 
  Edward Ryan        73,683,795         99.21%         589,237           0.79% 
-------------------  ----------  -------------  --------------  -------------- 
  John Walker        72,402,933         97.48%       1,870,099           2.52% 
-------------------  ----------  -------------  --------------  -------------- 
 
 

Appointment of Auditors

On a vote by ballot, KPMG LLP, Chartered Professional Accountants and Licensed Public Accountants, were appointed as the auditors of the Corporation until the close of the next annual meeting of shareholders or until their successors are appointed.

 
Number of Votes  Percentage of Votes  Number of Votes  Percentage of Votes 
 FOR              FOR                  WITHHELD         WITHHELD 
  74,936,601           99.81%             144,458             0.19% 
 
 

Amendment to Performance and Restricted Share Unit Plan

On a vote by ballot, the resolution proposed by management of the Corporation to make certain amendments to the Corporation's Performance and Restricted Share Unit Plan was approved:

 
Number of Votes  Percentage of Votes  Number of Votes  Percentage of Votes 
 FOR              FOR                  AGAINST          AGAINST 
  73,267,379           98.65%            1,005,652            1.35% 
 
 

Say-On-Pay

On a vote by ballot, the "Say-On-Pay" resolution proposed by management of the Corporation was approved.

 
Number of Votes  Percentage of Votes  Number of Votes  Percentage of Total 
 FOR              FOR                  AGAINST         Votes AGAINST 
  72,489,754           97.60%            1,783,278              2.40% 
 
 

About Descartes

Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.

Descartes Investor Contact:

Laurie McCauley (519) 746-2969

investor@descartes.com

(END) Dow Jones Newswires

June 13, 2024 17:00 ET (21:00 GMT)