News Release Details

Quarterhill Announces Election of Directors

04/16/2020

KITCHENER, ON, April 16, 2020 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF) today announced that all of management's nominees listed in its March 13, 2020 management information circular were elected as directors of the Company at Quarterhill's April 15, 2020 annual shareholders' meeting (the "Meeting"). Details of the results of the vote for the election of directors held at the Meeting are set out below:

Nominee

Votes For

% Votes For

Votes Withheld

% Votes Withheld

Roxanne Anderson

39,734,402

97.55%

998,437

2.45%

John Kendall Gillberry

34,257,912

84.10%

6,474,927

15.90%

Ron Laurie

39,642,606

97.32%

1,090,233

2.68%

W. Paul McCarten

39,692,595

97.45%

1,039,862

2.55%

Richard J. Shorkey

39,712,830

97.50%

1,020,009

2.50%

James Douglas Skippen

39,670,268

97.39%

1,062,189

2.61%

 

Quarterhill also confirmed that shareholders approved the appointment of PricewaterhouseCoopers LLP as the Company's auditors at the Meeting.

About Quarterhill
Quarterhill is focused on the disciplined acquisition, management and growth of companies in dedicated technology areas including, vertical market software and solutions, intelligent industrial systems and innovation and licensing. Quarterhill's emphasis is on seeking out acquisition opportunities at reasonable valuations that provide a foundation for recurring revenues, predictable cash flows and margins, profitable growth, intimate customer relationships and dedicated management teams. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com

Forward-looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other United States and Canadian securities laws. Forward-looking statements and forward-looking information are based on estimates and assumptions made by Quarterhill in light of its experience and its perception of historical trends, current conditions, expected future developments and the expected effects of new business strategies, as well as other factors that Quarterhill believes are appropriate in the circumstances. Many factors could cause Quarterhill's actual performance or achievements to differ materially from those expressed or implied by the forward-looking statements or forward-looking information. Such factors include, without limitation, the risks described in Quarterhill's February 27, 2020 annual information form for the year ended December 31, 2019 (the "AIF"). Copies of the AIF may be obtained at www.sedar.com. Quarterhill recommends that readers review and consider all of these risk factors and notes that readers should not place undue reliance on any of Quarterhill's forward-looking statements. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Cision View original content:http://www.prnewswire.com/news-releases/quarterhill-announces-election-of-directors-301041503.html

SOURCE Quarterhill Inc.

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