Quarterhill Inc T.QTRH

BoD - 4 average 14.5 years - Compare with LT share price

[shareholders1]

Name, Age, Date became Director, per March 2021 Circular:

John Gillberry, 64      -  May 2005
Paul McCarten, 76    -  June 2010
Richard Shorkey, 74  -  April 2007
James Skippen, 58    -  June 2006

Above 4 will have been directors for average of 14.5 years this coming spring.

BoD compensation per March 2021 Circular was $997k.

[whaler83]

I'd like to see all of them gone.

[wilander]

Me too.  Every single one. Wont be holding after Apple with them still holding the reigns. 

[cabbieJBJ]

You should probably include Michel Fattouche in there as he left for a brief hiatus during teh Parker-as-CEO time. BoD decisions probably rest more on a Wilan sub decision than on a move to clean house.  The Quarterhill BoD actually did a pretty good job, along with management, guiding Wilan through a very dark period for IP rights.  Without Wilan there wouldn't be an ITS for

[wilander]

We need Fattouche to stay, If he sells his shares on the open market, this plummets. lol

[cabbieJBJ]

I neversaid he or any other specific should go.  Bu, Wilander, why do you care.  You're committed to leaving when the CAFC delivers its Apple ruling.

[wilander]

i dont want him leaving before that lol

[shareholders1]

Cabbie wrote: "Independent of any discision on Wilan, my preference at this point would be to expand the BoD by one and with one retirement.  Both new appointees should have strong ITS cred - one stateside and one EU." So, Cabbie, sounds like you want to expand the board from 8 to 9.  At about Cdn$1m (before expense reimbursements), the BoD does not cost enough already? 

[cabbieJBJ]

If/when Wilan is divested, I would keep Skippen for his strong strategic skills (and he's a child in this group) and I would keep Fattouche for his wireless/technical savvy as it will be an important part of ITS's future.  I have no opinion on the others on your hit list; you decide.  Make sure sell your POV for the next AGM

[Justhalffull]

Add to this the millions of stock options, option warrants and RSU's that they were awarded all while the share price did nothing.

[cabbieJBJ]

If they leave the options go with them 1/2full.  In any event, are the otions in the money?

[shareholders1]

" If they leave the options go with them "   Cabbie, I hope you are wrong about this. Responsible/ appropriate Option Plans allow the departing director/ employee just a limited amount of time to exericise or lose them. If you are right, this is another item in favour of BoD overhaul.

[cabbieJBJ]

Shareholders, I mean the options expire on termination/resignation.  Sorry for the confusion

[Justhalffull]

Of course they go with them.   Does not change the fact that it was or will be a compensation expense.   As for whether they are in the money or not, some are, some are not.  Prior to 2020, when they were listed in the US, the SEC required annual disclosure of all share based compensation securities or derivatives held by insiders, and the exercise prices and time frames associated

[cabbieJBJ]

The AGM doc's has all the info on options, RSU etc.  It's only onerous if you are illiterate.

[Justhalffull]

So why did you ask then?  Are you illiterate?

[cabbieJBJ]

I didn't ask.  I responded.  Can't you read?

[Justhalffull]

11/11 12:16:59.  In any event, are the options in the money?  I was kidding when I asked if you were illiterate.   Sorry, did not realize you were.  In written English, sentences that end with a ? Are considered questions.  Just so you know in the future,