Vermont Business Magazine Northern Power Systems Corp (TSX:NPS), a next generation renewable energy technology company, has announced that all nominees listed in the Information Circular and Proxy Statement of Northern Power, dated June 5, 2018, for the Annual General Meeting of Shareholders held June 27, 2018 in Barre, VT, were elected as directors of Northern Power. The seven candidates nominated for election were elected by a majority of the shareholders present in person or represented by proxy at the Meeting, as follows:
|Ciel R. Caldwell||4,517,820||0||0|
|Alexander “Hap” Ellis III||4,517,820||0||0|
|William F. Leimkuhler||4,517,820||0||0|
|Robert L. Lentz||4,517,820||0||0|
|John Simon, Ph.D.||4,517,820||0||0|
In addition, at the Meeting (i) the resolution to ratify the appointment of RSM US LLP as Northern Power’s independent registered public accounting firm for the fiscal year ending December 31, 2018; (ii) the resolution to set the size of the board of the Company at seven; (iii) the resolution to amend the Company’s 2014 Stock Option and Incentive Plan to increase the number of common shares available for issuance under the plan by 2,000,000 shares from 4,000,000 shares to 6,000,000 shares were each approved by the requisite majority of the votes cast at the Meeting.
About Northern Power Systems
Northern Power Systems designs, manufactures, and sells distributed power generation and energy storage solutions with its advanced wind turbines, inverters, controls, and integration services. With over 21 million run-time hours across its global fleet, Northern Power wind turbines provide customers with clean, cost-effective, reliable renewable energy. NPS turbines utilize patented permanent magnet direct drive (PMDD) technology, which uses fewer moving parts, delivers higher energy capture, and provides increased reliability thanks to reduced maintenance and downtime. Northern Power also develops Energy Storage Solutions (ESS) based on the FlexPhase™ power converter platform, which features patented converter architecture and controls technology for advanced grid support and generation applications.
Northern Power has been a technology innovator for over 40 years and serves clients around the globe from its US headquarters and European offices. To learn more, visit www.northernpower.com.
Source: BARRE, Vt., July 09, 2018 (GLOBE NEWSWIRE) -- Northern Power Systems Corp