Westell Announces 2024 Annual Meeting Results
AURORA, Ill., November 8, 2024 – Westell Technologies, Inc., a leading provider of high- performance network infrastructure solutions, today announced voting results from its 2024 Annual Meeting of Stockholders held on November 5, 2024 (the “Annual Meeting”). At the Annual Meeting, the stockholders voted on the one proposal as described below.
Proposal 1-Election of Directors:
Each nominee was duly elected at the Annual Meeting to serve as a director until the Company’s 2025 Annual Meeting of Stockholders and received the number of votes indicated beside his name below.
|
Nominee |
For |
Withheld |
Broker Non-Vote |
|
Kirk R. Brannock |
15,815,904 |
573,916 |
0 |
|
Timothy L. Duitsman |
16,029,306 |
360,514 |
0 |
|
Robert W. Foskett |
15,809,500 |
580,320 |
0 |
|
Walter J. Skipper |
16,081,915 |
307,905 |
0 |
|
Cary B. Wood |
15,595,703 |
794,117 |
0 |
Upon re-election to the Board of Directors at the Annual Meeting, each Director, except Mr. Duitsman, received a restricted stock grant for 3,012 shares of Class A Common Stock. The awards will vest 100% on the first anniversary of the grant date.
Mark A. Zorko, a member of the Board since 2017 and Chair of the Audit Committee and member of the Compensation Committee, completed his term as a director at the 2024 Annual Meeting. The Company thanks Mr. Zorko for his service on the Board and wishes him all the best in his future endeavors.
About Westell
Westell is a leading provider of high-performance wireless infrastructure solutions focused on innovation and differentiation at the edge of communication networks where end users connect. The Company's portfolio of products and solutions enable service providers and network operators to improve performance and reduce operating expenses. With millions of products successfully deployed worldwide, Westell is a trusted partner for transforming networks into high quality, reliable systems. For more information, please visit www.westell.com.
Westell Technologies, Inc. (Pink: WSTL) trades on the Pink Open Market. Investors can find Real- Time quote and market information for the Company on www.otcmarkets.com.
Twitter: @Westell_Tech
Westell Contact:
Tim Duitsman
President and Chief Executive Officer Westell Technologies
630-375-4373
tduitsman@westell.com
Released November 8, 2024