Open Text (OTEX) AGM 2024 summary

Opening remarks and agenda

• Meeting conducted virtually to enable broader shareholder participation and facilitate online voting and Q&A.

• Five main business items: financial statements, election of directors, auditor reappointment, amendment to Employee Stock Purchase Plan, and Say-On-Pay advisory vote.

• Attendees included board members, management, and external auditors.

Board and executive committee updates

• Ann Powell decided not to stand for re-election, reducing the number of directors to be elected to ten.

• Ten nominees for director positions were presented and duly nominated.

Shareholder proposals

• Proposal to reserve an additional six million common shares for issuance under the Employee Stock Purchase Plan was presented.

• Say-On-Pay Advisory Resolution on executive compensation approach was put forward for a non-binding vote.