Westport Fuel Systems Inc. announced that its shareholders approved all resolutions presented at the Annual General and Special Meeting, including the crucial sale of Westport Fuel Systems Italia S.r.l. This approval was in accordance with the terms of the sale and purchase agreement dated March 30, 2025.
The divestiture of the Light-Duty segment is a cornerstone of Westport's strategy to streamline operations and focus on hard-to-decarbonize heavy-duty transport and industrial applications. This shareholder endorsement paves the way for the transaction to move forward towards its anticipated closing.
Other resolutions approved at the meeting included the election of all nominated directors for the ensuing year, the appointment of KPMG LLP as the company's auditors, and the advisory vote on executive compensation, demonstrating broad shareholder alignment with the company's governance and strategic plans.
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