Pason Modernizes its By-Law and Amends Code of Conduct and Ethics

Pason Modernizes its By-Law and Amends Code of Conduct and Ethics 
CALGARY, Nov. 8, 2013 /CNW/ - Pason Systems Inc. (TSX: PSI) (the 
"Corporation") announces that its board of directors has adopted certain 
by-law amendments, including an advance notice requirement and a number of 
other housekeeping and modernization amendments. The Corporation also 
announces amendments to its Code of Conduct and Ethics driven by recent 
legislative amendments and the Corporation's new anti-corruption program. 
By-Law Amendments 
The advance notice provision fixes a deadline by which shareholders must 
submit a notice of director nominations to the Corporation prior to any annual 
or special meeting of shareholders where directors are to be elected. The 
provision also sets forth the information that a shareholder must include in 
the notice for it to be valid.The provision facilitates an orderly and 
efficient meeting process and ensures that all shareholders receive adequate 
notice and information about all director nominees so they can cast an 
informed vote. 
The modernization and housekeeping amendments to the Corporation's by-law 
include, among others, changes in the quorum requirements for a shareholder 
meeting from at least two persons present and holding or representing by proxy 
not less than 5% of the outstanding shares of the Corporation, to not less 
than 25%. It also amends the notice, delivery and meeting provisions of the 
by-law of the Corporation to allow for notice and permit the delivery of 
material to shareholders and meetings electronically or in any other manner 
permitted by law. 
The by-law amendments are effective immediately. At the next meeting of 
shareholders, shareholders will be asked to confirm the amended and restated 
Code of Conduct and Ethics Amendments 
Having recently adopted an Anti-Corruption Policy, the Corporation has amended 
its Code of Conduct and Ethics to elevate it to the high standards set out in 
the anti-corruption program. Notably, the Code of Conduct and Ethics now 
prohibits commercial bribery in addition to bribery of government officials. 
A copy of the amended and restated by-law, along with a copy of the amended 
Code of Conduct and Ethics have been filed and are available under the 
Corporation's profile at 
Pason Systems Inc. 
Pason Systems Inc. is a leading global provider of specialized data management 
systems for drilling rigs. Our solutions, which include data acquisition, 
wellsite reporting, remote communications, and web-based information 
management, enable collaboration between the rig and the office. Pason's 
common shares trade on the Toronto Stock Exchange under the symbol PSI.

SOURCE  Pason Systems Inc. 
For more information about Pason Systems Inc., visit the company's  website or contact: 
Marcel Kessler President and CEO 403-301-3400  
David Elliott Chief Financial Officer 403-301-3441   
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CO: Pason Systems Inc.
ST: Alberta
-0- Nov/08/2013 22:00 GMT
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