SOURCE: ViXS Systems Inc.

ViXS Systems Inc.

June 09, 2016 15:33 ET

ViXS Announces Results of Annual and Special Meeting of Shareholders

TORONTO, ON--(Marketwired - June 09, 2016) - ViXS Systems Inc. (TSX: VXS), a pioneer and leader in media processing solutions, is pleased to announce the results of its 2016 Annual and Special Meeting of shareholders (the "Meeting") held in Toronto, Ontario today. At the Meeting, all Director nominees listed in the Company's Management Information Circular dated May 5, 2016 were elected as directors of the Company.

The detailed results of the voting at the Meeting were as follows:

Director   Vote Type   Number of Votes   Percentage of Votes
Sohail Khan   For   39,691,436   99.94%
    Withheld   22,100   0.06%
Peter Currie   For   34,330,670   88.68%
    Withheld   4,382,866   11.32%
Brian Antonen   For   32,431,640   83.77%
    Withheld   6,281,896   16.23%
Andrew Olson   For   37,566,836   97.04 %
    Withheld   1,146,700   2.96 %
Tom Hearne   For   37,576,836   97.06 %
    Withheld   1,136,700   2.94 %
Arun Netravali   For   38,681,436   99.92%
    Withheld   32,100   0.08%

In addition, at the Meeting, shareholders appointed Ernst & Young LLP as auditors of the Company and approved an amendment to the ViXS long-term incentive plan (LTIP) to provide that the maximum aggregate number of common shares that may be issued under the LTIP shall not at any time exceed 20% of the outstanding common shares on each grant dates.

The formal report on voting results with respect to all matters voted upon at the Meeting will be filed on SEDAR at

About ViXS Systems Inc.
ViXS is a pioneer and market leader in designing revolutionary media processing semiconductor solutions for video over IP streaming solutions, with over 500 patents issued and pending worldwide, numerous industry awards for innovation, and over 33 million media processor shipped to date. ViXS is driving the transition to Ultra HD 4K across the entire content value chain by providing professional and consumer grade chipsets that support the new High Efficiency Video Coding (HEVC) standard up to Main 12 Profile, reducing bandwidth consumption by 50% while providing the depth of color and image clarity needed to take advantage of higher-resolution content. ViXS' XCodePro 300 family is ideal for Ultra HD 4K infrastructure equipment, and the XCode 6000 family of system-on-chip (SoC) products achieve unprecedented levels of integration that enable manufacturers to create cost-effective consumer entertainment devices.

ViXS is headquartered in Toronto, Canada with offices in Europe, Asia and North America. ViXS™, the ViXS® logo, XCode®, XCodePro™, XConnex™ and Xtensiv™ are trademarks and/or registered trademarks of ViXS. Other trademarks are the property of their respective owners. For more information on ViXS, visit our website:

Forward-Looking Statements
Statements in this press release that are not historical facts constitute "forward-looking statements" within the meaning of applicable securities laws. Such statements include, but are not limited to, statements regarding ViXS' projected revenues, gross margins, earnings, growth rates, the impact of new product design wins, market penetration and product plans. The use of terms such as "may," "anticipated," "expected," "projected," "targeting," "estimate," "intend" and similar terms are intended to assist in identification of these forward-looking statements. Readers are cautioned not to place undue reliance upon any such forward-looking statements. Such forward-looking statements are not promises or guarantees of future performance and involve both known and unknown risks and uncertainties that may cause ViXS' actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements.

Contact Information

  • For further information, please contact:

    Charlie Glavin
    ViXS Systems Inc.
    T: +1 416 646-2000

    Investor Relations
    T: +1 416 646-2000 ext. 3