Vecima Networks (VCM) AGM 2025 summary

Opening remarks and agenda

• Meeting called to order by the CEO and President, with roles of Secretary and Scrutineer assigned.

• Agenda included presentation of financial statements, appointment of auditors, election of directors, continuation of Stock Option and Performance Share Unit Plans, and other business.

• Only registered shareholders and proxy holders could vote or submit questions; guests could attend but not participate.

Q&A with stakeholders

• Shareholders were invited to ask questions regarding the financial statements and other agenda items, with a process in place for follow-up if questions were not addressed live.

• No questions were raised during the meeting.

Overview of voting outcomes

• Quorum established with 63.21% of outstanding shares represented by proxy.

• Appointment of Ernst & Young LLP as auditors for the ensuing year was approved.

• Election of six directors was approved, with nominations matching the number of vacancies.

• Continuation of the Stock Option Plan and approval of all unallocated options until December 16, 2028, was approved.

• Continuation of the Performance Share Unit Plan and approval of all unallocated units until December 16, 2028, was approved.