StockNews.AI
TSAT
StockNews.AI
18 hrs

Telesat Announces Results of 2025 Annual General Meeting of Shareholders

1. Telesat's shareholders approved all proposed items at the annual meeting. 2. Deloitte LLP appointed as the new auditors for Telesat. 3. Directors including Michael Boychuk elected with significant shareholder support. 4. Telesat Lightspeed aims to enhance global satellite connectivity for various sectors. 5. The company emphasizes reliability and innovation in satellite operations.

4 mins saved
Full Article

FAQ

Why Bullish?

Shareholder approval for directors and auditors indicates strong governance stability. Historical trends show that shareholder support often correlates with positive investor sentiment, potentially driving TSAT's price upward.

How important is it?

The stable governance and strategic direction could positively influence investor confidence in TSAT.

Why Short Term?

Immediate reactions to AGM outcomes typically influence stock prices, as seen in past AGMs.

Related Companies

DeloitteSPCELMT
June 19, 2025 11:00 ET  | Source: Telesat OTTAWA, Ontario, June 19, 2025 (GLOBE NEWSWIRE) -- Telesat Corporation (Nasdaq and TSX: TSAT) (“Telesat” or the “Company”), one of the world’s largest and most innovative satellite operators, today announced the voting results from its annual general meeting of shareholders held on June 17th virtually via live audio webcast. Shareholders of Telesat voted in favour of all items of business, including the appointment of Deloitte LLP Chartered Professional Accountants as auditors of the Company and the election of each of the director nominees as follows: Director NomineeVotes ForVotes Withheld(a) Michael Boychuk47,936,239986,534(b) Jane Craighead46,146,9742,775,795(c) Richard Fadden47,932,024990,749(d) Daniel S. Goldberg47,934,997987,776(e) Henry (Hank) Intven46,846,6292,076,144(f) David Morin47,926,555996,218(g) Dr. Mark H. Rachesky46,143,9662,778,807(h) Guthrie Stewart46,145,3942,777,377(i) Michael B. Targoff47,938,568984,205(j) Janet Yeung47,938,784983,987 Final voting results on all matters voted on at the meeting will be filed on SEDAR+ at https://www.sedarplus.ca/ and on EDGAR at https://www.sec.gov/. About Telesat Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat (Nasdaq and TSX: TSAT) is one of the largest and most successful global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth. Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company’s Low Earth Orbit (“LEO”) satellite network, has been optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity, secure and resilient links with fibre-like speeds. For updates on Telesat, follow us on LinkedIn, X, or visit https://www.telesat.com/. Contacts: Investor Relations James Ratcliffe+1 613 748 8424ir@telesat.com                       

Related News