Press Releases June 4, 2026 04:30 PM

Telesat announces results of 2026 Annual General Meeting of shareholders

Telesat Announces Unanimous Shareholder Approval of AGM Proposals Including Director Elections and Auditor Appointment

By Maya Rios TSAT

Telesat Corporation held its 2026 Annual General Meeting virtually, where shareholders voted in favor of all business items, including electing directors and appointing Deloitte LLP as auditors. The company, a leading global satellite operator, continues to advance its LEO satellite network, Telesat Lightspeed, aimed at delivering high-capacity, secure connectivity for various sectors.

Telesat announces results of 2026 Annual General Meeting of shareholders
TSAT

Key Points

  • Shareholders approved all AGM resolutions, ensuring stable corporate governance with elected director nominees.
  • Appointment of Deloitte LLP as company auditors secures continued financial oversight and transparency.
  • Telesat Lightspeed, the company's innovative Low Earth Orbit satellite network, is positioned to serve telecom, government, maritime, and aeronautical sectors with high-speed connectivity.

OTTAWA, Ontario, June 04, 2026 (GLOBE NEWSWIRE) -- Telesat Corporation (Nasdaq and TSX: TSAT) (“Telesat” or the “Company”), one of the world’s largest and most innovative satellite operators, today announced the voting results from its annual general meeting of shareholders held on June 3rd virtually via live audio webcast.

Shareholders of Telesat voted in favour of all items of business, including the appointment of Deloitte LLP Chartered Professional Accountants as auditors of the Company and the election of each of the director nominees as follows:

 Director Nominee
Votes ForVotes Withheld(a)Michael Boychuk47,065,688378,951(b)Jane Craighead46,234,9181,209,721(c)Richard Fadden47,326,278112,361(d)Daniel S. Goldberg47,325,708118,931(e)Henry (Hank) Intven46,632,946811,693(f)David Morin47,121,302323,337(g)Dr. Mark H. Rachesky46,122,8641,321,775(h)Guthrie Stewart46,230,2461,214,393(i)Michael B. Targoff47,326,802117,837(j)Janet Yeung47,325,092119,547    

Final voting results on all matters voted on at the meeting will be filed on SEDAR+ at https://www.sedarplus.ca/ and on EDGAR at https://www.sec.gov/.

About Telesat

Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat (Nasdaq and TSX: TSAT) is one of the largest and most innovative global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth.

Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company’s Low Earth Orbit (LEO) satellite network, has been optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity, secure and resilient links with fibre-like speeds. For updates on Telesat, follow us on LinkedIn, X, or visit www.telesat.com.

Investor Relations contact:

James Ratcliffe
+1 613 748 8424
[email protected]


Risks

  • Potential execution challenges related to the rollout and performance of the Telesat Lightspeed satellite network could impact future growth.
  • Market competition in the satellite communications sector from other global and regional providers may affect market share.
  • Regulatory changes and geopolitical factors could influence satellite operations and service delivery, particularly in telecom and government markets.

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