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WATERLOO, Ontario - BlackBerry Limited (NYSE:BB)(TSX:BB) announced Wednesday that shareholders approved all seven director nominees at the company’s annual and special meeting held today. The company, currently valued at $2.91 billion, has shown remarkable market performance with a 93.3% return over the past year, according to InvestingPro data.
The elected directors will serve until BlackBerry’s next annual shareholder meeting or until successors are appointed. According to voting results, all nominees received strong approval ratings, with Lisa Bahash and Lori O’Neill receiving the highest support at 98.62% and 98.63% respectively.
Richard Lynch received the lowest approval rate among the nominees at 81.56%, with 18.44% of votes withheld.
The other elected directors include Philip Brace (97.81% approval), Lisa Disbrow (95.33%), John J. Giamatteo (95.40%), and Wayne Wouters (95.30%).
The nominees were listed in BlackBerry’s management proxy circular dated May 2, 2025, for the annual meeting.
BlackBerry, based in Waterloo, Ontario, provides intelligent software and services to enterprises and governments. The company specializes in secure communications and delivers solutions for mobile security, mission-critical communications, and critical events management.
The information in this article is based on a company press release statement.
In other recent news, BlackBerry Limited reported quarterly revenue of $121.7 million, surpassing analyst estimates of $112.3 million, although this figure represents a 1% decline year-over-year. The company’s adjusted EBITDA was $16.4 million, significantly exceeding expectations, partly due to government grants. BlackBerry raised its full-year revenue guidance by $4 million and its adjusted EBITDA guidance by $3 million, signaling a cautious outlook despite the positive first-quarter results. In a strategic move, BlackBerry’s QNX division partnered with Vector to develop a software platform for vehicles, aiming to simplify software-defined vehicle development. This collaboration combines Vector’s middleware technology with QNX’s safety-certified operating system. Additionally, QNX unveiled Hypervisor 8.0, an update designed to enhance embedded system development, particularly in the automotive industry. Analyst firm Raymond James reiterated its Market Perform rating for BlackBerry, noting mixed results but acknowledging the company’s maintained full-year QNX guidance. Meanwhile, RBC Capital maintained its sector perform rating, citing conservative guidance and a stable business environment. These developments reflect BlackBerry’s ongoing efforts to adapt and innovate in the rapidly evolving tech landscape.
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