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POET Technologies Provides Results of 2024 Annual General and Special Meeting
POET Grants Options to Directors and Employees TORONTO, June 25, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK;
About this update from Poet Technologies Inc.
[{"type":"text","content":"POET Grants Options to Directors and Employees\nTORONTO, June 25, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today reported the voting results of its Annual General and Special Meeting (the ”Meeting” or “AGSM”), which was held virtually on Friday, June 21, 2024. The Company’s VP Finance and Administration, Kevin Barnes, delivered customary introductions and the call to order, and POET’s Chairman of the Compensation Committee, Glen Riley, conducted the formal business of the Meeting, which included the approval of all proposals outlined in the Company’s management information circular and voting material as previously distributed to shareholders. After completing the formal business of the Meeting, the Company’s Chief Executive Officer, Dr. Suresh Venkatesan, presented POET’s current status as a company dedicated to producing advanced communication solutions for Artificial Intelligence networks. Dr. Venkatesan’s presentation featured the Company’s financial stability, the close match between the needs of AI network operators and POET’s optical engine products, current major customer projects to produce 800G and 1.6T transceivers, and its operational strategy to address the current geopolitical situation. The presentation was followed by a brief Q&A session. The slides presented at the Meeting along with webcast replay can be accessed in the Investor Relations section of POET’s website at: https://poet-technologies.com/agm/agm2024.html. AGSM Voting ResultsA detailed Report on Voting Results of the AGSM is attached to this press release. In summary, the shareholders of the Company approved the following proposals: Re-election of Suresh Venkatesan, Jean-Louis Malinge, Theresa Lan Ende, Glen Riley and Chris Tsiofas as directors, with no director receiving less than 84% of the votes cast;Appointment of Davidson & Company LLP as the Company’s auditors by 98% of the votes cast;Approval by 74% of the votes cast to amend the terms of certain stock options held by insiders of the Corporation;Approval of the Corporation’s omnibus equity incentive plan by 86% of the votes cast, which includ...