Former Charter EVP Jim Blackley Joins Vecima’s Board of Directors
VICTORIA, BC – (December 8, 2020) – Vecima Networks Inc. (TSX: VCM) today announces the voting results of Vecima’s annual general meeting of shareholders held virtually on December 7, 2020 at 10:00am, Victoria time, (the “AGM”). At the AGM, Vecima’s shareholders approved all resolutions put forward.
Nomination and Election of New Directors
At the AGM, the number of Vecima directors was set at six and the six nominees put forward by Vecima were elected as directors. The following table reflects the votes for each director:
|Surinder Kumar||17,107,334||193,885 1.12%|
|T. Kent Elliott||17,266,401||34,818 0.20%|
|Sumit Kumar||17,107,334||193,885 1.12%|
|Danial Faizullabhoy||17,297,901||3,318 0.02%|
|Derek Elder||17,107,334||193,885 1.12%|
|James Blackley||17,301,179||40 0.01%|
Cable industry veteran and 2020 Cable Hall of Fame Honoree, Mr. James Blackley, has joined Vecima’s Board of Directors after having been elected as a director at the AGM. Mr. Blackley is a new director. Before joining Vecima Networks’ Board, Jim served as Executive Vice President, Advisor to the CEO at Charter Communications until June 30, 2020. From 2012 to 2019 he held the Executive Vice President, Engineering and Information Technology role at Charter. During his tenure at Charter, Jim oversaw the IT and Advanced Engineering teams, working with Product and Network Management to design, certify and implement next generation services and technology solutions. Under his leadership, Charter moved to the forefront of introducing innovative video, internet and voice solutions, positioning the MSO as a leader in using advanced technology to deliver best-in-class products and services.Prior to 2012 , Jim spent 16 years at Cablevision, ending his tenure there as Executive Vice President for Corporate Engineering and Technology. Besides joining Vecima as director, Mr. Blackley also serves as a director for ActiveVideo Networks, Inc.
“We’re truly excited and honored to have a leader of Jim’s caliber join Vecima’s Board of Directors,” said Dr. Surinder Kumar, Chairman of Vecima’s Board. “Jim’s influence has been key to the development and launch of the industry’s most innovative services including IP video, mobile voice and data, cloud-based interactive guides, and gigabit class internet. His strategic guidance on Vecima’s board will be instrumental in helping the Company prosper as we build on the momentum from our world-leading distributed access and IPTV technology.”
Ben Colabrese stepped down from his position as Director effective December 6, 2020. Ben has been a Vecima director since 2017 and was a member of the Vecima Audit Committee and the Vecima Corporate Governance and Compensation Committee.
“Vecima and I would like to thank Ben for his years of service, his skills and commitment to the Company, and his valuable contribution to Vecima and its continuing success,” said Dr. Kumar.
Appointment of Auditors
At the AGM, Grant Thornton LLP was re-appointed as Vecima’s auditors for the ensuing fiscal year and the Vecima directors were authorized to fix Grant Thornton LLP’s remuneration.
Detailed AGM voting results are available on SEDAR at www.sedar.com.
About Vecima Networks
Vecima Networks Inc. is a global leader focused on developing integrated hardware and scalable software solutions for broadband access, content delivery, and telematics. We enable the world’s leading innovators to advance, connect, entertain, and analyze. We build technologies that transform content delivery and storage, enable high-capacity broadband network access, and streamline data analytics. For more information, please visit our website at www.vecima.com.
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