Tecsys inc.
TSX : TCS

Tecsys inc.

September 09, 2016 17:15 ET

TECSYS Announces Election of Directors and Appointment of Auditors

MONTREAL, QUEBEC--(Marketwired - Sept. 9, 2016) - TECSYS Inc. (TSX:TCS), (the "Corporation"), announces the results of the matters voted upon at the annual meeting (the "Meeting") of shareholders of the Corporation (the "Shareholders") held on September 8, 2016.

According to the scrutineers' report, shareholders holding 9,018,787 common shares (the "Common Shares") were represented at the Meeting in person or by proxy, representing 73.23% of the issued and outstanding Common Shares as of the record date on July 25, 2016.

The following matters were put to a vote by a show of hands:

Election of Directors

The Shareholders elected the eight nominees listed in the management information circular dated July 26, 2016 (the "Circular") to be the directors of the Corporation (the "Directors"). Each nominee (including every incumbent Director) was elected by a majority of the votes cast. Each Director will hold office until the next annual meeting of Shareholders or until the election of his successor, unless the Director resigns or the Director's office becomes vacant. The report on proxies provided by the scrutineers at the Meeting was as follows:

Director Nominee Number of
Votes FOR
Number of
Votes
WITHHELD
Percentage of
Total Votes FOR
Percentage
of Total
Votes WITHHELD
Frank J. Bergandi 8,692,503 120,108 98.64% 1.36%
David Brereton 8,693,903 118,708 98.65% 1.35%
Peter Brereton 8,693,903 118,708 98.65% 1.35%
Vernon Lobo 8,697,503 115,108 98.69% 1.31%
Steve Sasser 8,692,503 120,108 98.64% 1.36%
David Wayland 8,363,900 448,711 94.91% 5.09%
John Ensign 8,804,611 8,000 99.91% 0.09%
David Booth 8,805,611 7,000 99.92% 0.08%

Additional information concerning the Directors is available in the Circular, which was mailed to Shareholders in connection with the Meeting and is available on SEDAR (www.sedar.com).

Appointment of Auditors

KPMG LLP, Chartered Accountants, were appointed auditors of the Corporation to hold office until the next annual meeting of Shareholders or until their successors are appointed. The Directors were authorized to fix their remuneration. The report on proxies provided by the scrutineers at the Meeting was as follows:

Number of Votes FOR Number of
Votes
WITHHELD
Percentage
of Total
Votes FOR
Percentage
of Total
Votes WITHHELD
8,901,679 113,108 98.75% 1.25%

About TECSYS

TECSYS provides transformative supply chain solutions that equip our customers to succeed in a rapidly-changing omni-channel world. TECSYS solutions are built on a true enterprise supply chain platform, and include warehouse management, distribution and transportation management, as well as complete financial management and analytics. Customers running on TECSYS' Supply Chain Platform are confident knowing they can execute, day in and day out, regardless of business fluctuations or changes in technology, they can adapt and scale to any business needs or size, and they can expand and collaborate with customers, suppliers and partners as one borderless enterprise. From demand planning to demand fulfillment, TECSYS puts power into the hands of both front line workers and back office planners, and unshackles business leaders so they can see and manage their supply chains like never before.

TECSYS is the market leader in supply chain solutions for health systems and hospitals. Over 600 mid-size and Fortune 1000 customers trust their supply chains to TECSYS in the healthcare, service parts, third-party logistics, and general wholesale high-volume distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.

The statements in this news release relating to matters that are not historical fact are forward looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with TECSYS Inc.'s business can be found in the MD&A section of the Company's annual report and annual information form for the fiscal year ended April 30th, 2016. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com) and on SEDAR (www.sedar.com).

Copyright © TECSYS Inc. 2016. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.

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