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Westport Publishes Annual General and Special Meeting Results

1. Shareholders approved all resolutions at the virtual AGM. 2. KPMG appointed as auditors for the fiscal year. 3. Sale of Westport Fuel Systems Italia S.r.l. was approved. 4. Executive compensation garnered only slight support at 52.87%. 5. Board appointments showed varying levels of approval.

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FAQ

Why Bullish?

Approval of key resolutions often leads to increased investor confidence. Historical data shows that positive shareholder meetings generally correlate with stock price appreciation.

How important is it?

The approval of significant resolutions impacts the company's governance and operational direction, influencing market confidence.

Why Short Term?

Immediate investor reactions can drive short-term price movements post-AGM. Previous AGMs have shown similar trends, influencing stock prices shortly after the announcements.

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KPMGTSXNASDAQ
May 15, 2025 18:02 ET  | Source: Westport Fuel Systems Inc. VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport" or the "Company") (TSX:WPRT / Nasdaq:WPRT), today held its Annual General and Special Meeting of Shareholders (the "Meeting") in a virtual format. Shareholders approved all resolutions presented at the meeting including the election of all nominated directors for the ensuing year, the appointment of KPMG LLP as the Company's auditors for the fiscal year, the advisory vote on executive compensation, and the sale of Westport Fuel Systems Italia S.r.l in accordance with the terms of the sale and purchase agreement dated as of March 30, 2025. A summary of the results are as follows: ResolutionOutcomeof VotePercentage ofVotes ForPercentage ofVotesWithheld/Against    Election of Directors   Michele BuchignaniApproved81.22%18.78%Anthony GuglielminApproved87.16%12.84%Daniel M. HancockApproved61.47%38.53%Daniel SceliApproved91.10%8.90%Karl-Viktor SchallerApproved61.28%38.72%Eileen WheatmanApproved81.43%18.57%    Appointment of AuditorsApproved93.83%6.17%    Executive Compensation    (Advisory Vote)Agree52.87%47.13%    Sale of Westport Fuel Systems Italia S.r.lApproved83.38%16.62% About Westport Fuel Systems At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global transportation industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South America, we serve our customers in approximately 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com. Investor Inquiries:Investor RelationsT: +1 604-718-2046E: invest@wfsinc.com

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