Quarterhill Inc T.QTRH

Authorize reduction in common shares

[Tsmith]

Matters to be Considered / Voted On Presentation of Quarterhill’s Financial Statements for 12 months ended December 31, 2022 Election of Members to Quarterhill’s Board of Directors Appointment of Ernst & Young LLP as Quarterhill’s Auditors for Fiscal 2023 and Authorization of Quarterhill’s Board of Directors to Fix the Auditors’ Remuneration Authorize a reduction in the stated capital account of Quarterhill’s common shares in the amount of $120 million

I copied and paste from annual meeting if someone can explain to me this how it works.
There is about 115 million shares outstanding now. If this does take affect how many shares approx will be left outstanding what is the reason for doing this.

Also do you think the board will be able to find a high prifile ceo if so would it be by year edn you think or 2024

Also do you think having a high profile ceo will make a big differnece going foward. I hope it does if this next ceo does not last more than one year that would not be a good thing for the company.

I was surpried to see that wi-lan was sold for less than 250 million after all the work that was done and when it was sold why do they still have 10 perecnet stake i though when you sell company you get rid of whole thing and you have nothing else to do with a company

[mrmoribund]

I admit I never fully understood the reduction in stated capital. But I don't think it makes any difference now. An accounting thing. No change in shares outstanding. The Wi-Lan sale was indeed a disappointment. The board faced up to reality, dealt with it, and moved on. Likely for the best. If you're jaded about the executive hire process that's understandable. But you should keep