Sierra Wireless Announces Results of Annual Shareholders’ Meeting

Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) (“Sierra Wireless” or the “Company”) is pleased to announce the results from its annual general meeting of shareholders (“Shareholders”) held on June 2, 2021 (the “Meeting”).

Results of the Meeting

All of the eleven nominees proposed by management for election to the Board at the Meeting and listed in the Company’s Management Information Circular dated April 28, 2021 (the “Circular”) were elected to the Board. The directors will remain in office until the next annual meeting of Shareholders, or until their successors are elected or appointed.

The results of the vote on the election of directors are as follows:

The other items of business at the Meeting were to (i) appoint Ernst & Young LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year and to authorize the directors to fix the remuneration of the auditors; (ii) approve certain amendments to the Company’s 2011 Treasury Based Restricted Share Unit Plan and to approve all unallocated entitlements thereunder; (iii) approve certain amendments to the Company’s Amended and Restated 1997 Stock Option Plan; and (iv) approve an advisory resolution to accept the Company’s approach to executive compensation.

By resolution passed by way of ballot, the Shareholders approved the reappointment of Ernst & Young LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year, as follows:

By resolution passed by way of ballot, the Shareholders approved certain amendments to and all of the unallocated entitlements under the Company’s 2011 Treasury Based Restricted Share Unit Plan (the “Treasury RSU Plan”), as more particularly described in the Company’s Management Information Circular dated April 28, 2021 (the “Circular”), as follows:

By resolution passed by way of ballot, the Shareholders approved certain amendments to the Company’s Amended and Restated 1997 Stock Option Plan (the “Option Plan”), as more particularly described in the Circular, as follows:

By resolution passed by way of ballot, the Shareholders approved a non-binding resolution approving the compensation of the Company’s named executive officers, as follows:

No other business was voted upon at the Meeting.