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Pacific Insight Announces Election of Directors and Approval of New Stock Option Plan

Montag, 28.11.2016 20:08 von

PR Newswire

VANCOUVER, Nov. 28, 2016 /PRNewswire/ - Pacific Insight Electronics Corp. ("Pacific Insight" or the "Company") (TSX: PIH), a world-class electronics and full service solutions provider to the transportation industry, is pleased to report that all of the nominees listed in its information circular dated October 21, 2016 were elected as directors of the Company at the Company's annual general and special meeting of shareholders held in Vancouver, on Monday, November 28, 2016.

A total of 2,956,453 common shares of the Company (the "Common Shares"), representing 43.51% of the issued and outstanding Common Shares as at October 21, 2016, being the Record Date for the Meeting, were voted in connection with the Meeting. Shareholders voted in favour of all items of business, including the election of directors. The voting results for those shareholders present in person or represented by proxy at the Meeting for each nominee for election as a director are set out below:


FOR

%

WITHHOLD

%






J. Cowan McKinney

2,512,578

86.57%

389,635

13.43%






Stuart D. Ross

2,515,788

86.69%

386,425

13.31%






Gary B. Sutherland

2,513,878

86.62%

388,335

13.38%






Stuart O. McLaughlin

2,523,878

86.67%

388,335

13.33%











Additionally, at the Meeting, shareholders of the Company approved a new stock option plan (the "2016 Plan") for the Company, subject to the approval of the Toronto Stock Exchange. 1,300,000 Common Shares are available for issuance pursuant to exercise of stock options under the 2016 Plan, which includes 350,000 Common Shares issuable on exercise of currently outstanding stock option of the Company.

About Pacific Insight

Pacific Insight designs, manufactures and delivers electronic products and full service solutions to the heavy truck, automotive and specialty markets. Pacific Insight designs and distributes its products and services to original equipment manufacturers and distributors in North America.

ON BEHALF OF THE BOARD

(signed) "Stuart D. Ross"
Stuart D. Ross

About Pacific Insight

Pacific Insight Electronics Corp (TSX: PIH) is a global solutions provider offering design, development, manufacturing and delivery of electronic products and full service solutions to the automotive and commercial vehicle markets. We provide OEMs as well as Tier 1 and Tier 2 customers with a range of cost competitive products including LED lighting systems, electronic control modules and wire harnesses. pacificinsight.com

The information in this news release was prepared in accordance with International Financial Reporting Standards ("IFRS"). To view the full June 30, 2015 Audited Consolidated Financial Statements and Management's Discussion & Analysis please visit sedar.com. Email enquiries may be sent directly to investor@pacificinsight.com or via telephone: 1-800-995-1155. Pacific Insight is listed on the Toronto Stock Exchange and its trading symbol is PIH.

SOURCE Pacific Insight Electronics Corp.