VANCOUVER, Nov. 28, 2016 /PRNewswire/ - Pacific Insight
Electronics Corp. ("Pacific Insight" or the "Company") (TSX: PIH), a world-class electronics and full service solutions
provider to the transportation industry, is pleased to report that all of the nominees listed in its information circular dated
October 21, 2016 were elected as directors of the Company at the Company's annual general and
special meeting of shareholders held in Vancouver, on Monday, November
28, 2016.
A total of 2,956,453 common shares of the Company (the "Common Shares"), representing 43.51% of the issued and
outstanding Common Shares as at October 21, 2016, being the Record Date for the Meeting, were voted
in connection with the Meeting. Shareholders voted in favour of all items of business, including the election of directors. The
voting results for those shareholders present in person or represented by proxy at the Meeting for each nominee for election as a
director are set out below:
|
FOR
|
%
|
WITHHOLD
|
%
|
|
|
|
|
|
|
J. Cowan McKinney
|
2,512,578
|
86.57%
|
389,635
|
13.43%
|
|
|
|
|
|
|
Stuart D. Ross
|
2,515,788
|
86.69%
|
386,425
|
13.31%
|
|
|
|
|
|
|
Gary B. Sutherland
|
2,513,878
|
86.62%
|
388,335
|
13.38%
|
|
|
|
|
|
|
Stuart O. McLaughlin
|
2,523,878
|
86.67%
|
388,335
|
13.33%
|
|
|
|
|
|
|
|
|
|
|
Additionally, at the Meeting, shareholders of the Company approved a new stock option plan (the "2016 Plan") for the
Company, subject to the approval of the Toronto Stock Exchange. 1,300,000 Common Shares are available for issuance pursuant to
exercise of stock options under the 2016 Plan, which includes 350,000 Common Shares issuable on exercise of currently outstanding
stock option of the Company.
About Pacific Insight
Pacific Insight designs, manufactures and delivers electronic products and full service solutions to the heavy truck,
automotive and specialty markets. Pacific Insight designs and distributes its products and services to original equipment
manufacturers and distributors in North America.
ON BEHALF OF THE BOARD
(signed) "Stuart D. Ross"
Stuart D. Ross
About Pacific Insight
Pacific Insight Electronics Corp (TSX: PIH) is a global solutions provider offering design, development, manufacturing and
delivery of electronic products and full service solutions to the automotive and commercial vehicle markets. We provide OEMs as
well as Tier 1 and Tier 2 customers with a range of cost competitive products including LED lighting systems, electronic control
modules and wire harnesses. pacificinsight.com
The information in this news release was prepared in accordance with International Financial Reporting Standards ("IFRS"). To
view the full June 30, 2015 Audited Consolidated Financial Statements and Management's Discussion
& Analysis please visit sedar.com. Email enquiries may be
sent directly to investor@pacificinsight.com or
via telephone: 1-800-995-1155. Pacific Insight is listed on the Toronto Stock Exchange and its trading symbol is PIH.
SOURCE Pacific Insight Electronics Corp.