Westell Announces 2023 Annual Meeting Results
AURORA, Ill., November 10, 2023 – Westell Technologies, Inc., a leading provider of high- performance network infrastructure solutions, today announced voting results from its 2023 Annual Meeting of Stockholders held on November 7, 2023 (the “Annual Meeting”). At the Annual Meeting, the stockholders voted on the two proposals as described below.
Proposal 1-Election of Directors:
Each nominee was duly elected at the Annual Meeting to serve as a director until the Company’s 2024 Annual Meeting of Stockholders and received the number of votes indicated beside his name below.
Upon re-election to the Board of Directors at the Annual Meeting, each Director, except Mr. Duitsman, received a restricted stock grant for 3,205 shares of Class A Common Stock. The awards will vest 100% on the first anniversary of the grant date.
Westell is a leading provider of high-performance wireless infrastructure solutions focused on innovation and differentiation at the edge of communication networks where end users connect. The Company's portfolio of products and solutions enable service providers and network operators to improve performance and reduce operating expenses. With millions of products successfully deployed worldwide, Westell is a trusted partner for transforming networks into high quality, reliable systems. For more information, please visit www.westell.com.
Westell Technologies, Inc. (Pink: WSTL) trades on the Pink Open Market. Investors can find Real- Time quote and market information for the Company on www.otcmarkets.com.
Tim Duitsman President and Chief Executive Officer
Released November 10, 2023