Exhibit 99.1
DRAGONWAVE INC.
ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
OTTAWA, ONTARIO, CANADA
FRIDAY, JUNE 20, 2014
REPORT OF VOTING RESULTS
In accordance with section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations, the following sets out the matters voted on at the annual general and special meeting of shareholders (the “Meeting”) of DragonWave Inc. (the “Corporation”) held on Friday, June 20, 2014. Each of the matters set out below are described in greater detail in the Notice of Annual General and Special Meeting of Shareholders and Management Proxy Circular of the Corporation dated May 23, 2014. According to the scrutineer’s report, 83 shareholders were present at the Meeting, in person or by proxy, representing 37,798,396 common shares or 64.93% of the 58,213,559 shares outstanding on the May 9, 2014 record date for the Meeting.
1. Election of Directors
At the Meeting, management of the Corporation presented to the shareholders its nominees for directors. According to the proxies received and vote by show of hands, all of management’s nominees were elected as directors of the Corporation to hold office until the next annual meeting of shareholders of the Corporation or until their successors are elected or appointed.
The proxies submitted for the Meeting on this matter were as follows:
|
| Votes For |
| Votes Withheld |
| ||||
|
|
|
| Percentage of |
|
|
| Percentage of |
|
Name of Nominee |
| Number of Votes |
| Votes |
| Number of Votes |
| Votes |
|
Peter Allen |
| 14,088,520 |
| 97.85 | % | 309,576 |
| 2.15 | % |
Cesar Cesaratto |
| 14,094,883 |
| 97.89 | % | 303,213 |
| 2.11 | % |
Claude Haw |
| 14,109,401 |
| 97.99 | % | 288,695 |
| 2.01 | % |
Lori O’Neill |
| 14,079,401 |
| 97.79 | % | 318,695 |
| 2.21 | % |
Robert Pons |
| 14,110,593 |
| 98.00 | % | 287,503 |
| 2.00 | % |
2. Appointment of Auditors
At the Meeting, shareholders were asked to approve the appointment of Ernst & Young LLP, as auditors of the Corporation until the close of the next annual meeting of shareholders or until a successor is appointed, at remuneration to be fixed by the board of directors. According to the proxies received and vote by show of hands, the resolution was approved.
The proxies submitted for the Meeting on this matter were as follows:
Votes For |
| Votes Withheld |
| ||||
Number of Votes |
| Percentage of Votes |
| Number of Votes |
| Percentage of Votes |
|
37,476,327 |
| 99.29 | % | 268,354 |
| 0.71 | % |
3. Approval of a new Share Based Compensation Plan to replace the current Sixth Amended and Restated Key Employee Stock Option Plan
At the Meeting, shareholders were asked to approve a new Share Based Compensation Plan to replace the current Sixth Amended and Restated Key Employee Stock Option Plan. A ballot was conducted with respect to the resolution approving the Share Based Compensation Plan. According to the ballots cast, the resolution was approved with the following results:
Votes For |
| Votes Against |
| ||||
Number of Votes Cast |
| Percentage of Votes |
| Number of Votes Cast |
| Percentage of Votes |
|
12,885,828 |
| 89.16 | % | 1,565,983 |
| 10.84 | % |