TORONTO, June 22, 2020 /CNW/ - Park Lawn Corporation (TSX:
PLC) ("Park Lawn" or the "Company") announced today
that each of the six nominees listed in its management information
circular dated May 5, 2020 was
elected as a director of Park Lawn at the Annual and Special
Meeting of Shareholders held virtually on June 22, 2020. The vote was conducted by online
ballot. Detailed results of the votes cast at the meeting are set
out below:
Nominee
|
Votes
For
|
% of Votes
For
|
Votes
Withheld
|
% of Votes
Withheld
|
Paul G.
Smith
|
17,446,172
|
98.702%
|
229,383
|
1.298%
|
Marilyn
Brophy
|
17,625,751
|
99.718%
|
49,804
|
0.282%
|
Amy
Freedman
|
17,627,346
|
99.727%
|
48,209
|
0.273%
|
Deborah
Robinson
|
17,470,090
|
98.838%
|
205,465
|
1.162%
|
Steven
Scott
|
15,086,829
|
85.354%
|
2,588,726
|
14.646%
|
John Ward
|
17,459,829
|
98.780%
|
215,726
|
1.220%
|
The Company also announced the appointment of J. Bradley Green as Chief Executive Officer and
Jay D. Dodds as President and Chief
Operating Officer. Both individuals have were appointed to
the Company's Board of Directors following the annual
meeting. Mr. Green assumed the role as Interim CEO on
March 31, 2020 prior to which he
served as the President of the Company.
Park Lawn's Chair, Paul G. Smith,
said, "Brad is a seasoned industry leader with many years of
experience in the funeral and cemetery industry. As Interim
CEO over the last several months, Brad has demonstrated his
leadership by effectively guiding the organization during an
unprecedented and challenging time. Brad's depth of
operational knowledge coupled with his strategic insight makes him
the clear choice to execute on Park Lawn's previously communicated
growth strategy."
"I am excited for the opportunity to continue to lead Park Lawn
and build our pipeline for growth," commented Mr. Green. "We will
continue to serve the evolving needs of each family we serve as
well as the expectations of our shareholders and I am confident
that, as an organization, we have the team in place to execute on
our stated strategy."
In addition to Mr. Green's appointment, Jay Dodds will assume the role of President and
COO. Mr. Dodds has over 35 years of industry experience and
has served as Chief Operating Officer of the Company since May
2018. Mr. Green and Mr. Dodds have worked as a team for 14
years at Park Lawn and predecessor companies delivering strong
results throughout their respective careers.
About Park Lawn Corporation
Park Lawn provides goods and services associated with the
disposition and memorialization of human remains. Products and
services are sold on a pre-planned basis (pre-need) or at the time
of a death (at-need). Park Lawn and its subsidiaries own and
operate businesses including cemeteries, crematoria, funeral homes,
chapels, planning offices and a transfer service. Park Lawn
operates in five Canadian provinces and fifteen U.S. states.
Cautionary Statement Regarding Forward–Looking
Information
This news release may contain forward-looking statements (within
the meaning of applicable securities laws) relating to the business
of Park Lawn and the environment in which it operates.
Forward-looking statements are identified by words such as
"believe", "anticipate", "project", "expect", "intend", "plan",
"will", "may", "estimate", "pro-forma" and other similar
expressions. These statements are based on Park Lawn's
expectations, estimates, forecasts and projections and include,
without limitation, the Park Lawn's growth strategy and meeting
expectations of shareholders. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that are difficult to control or predict. A number of
factors could cause actual results to differ materially from the
results discussed in the forward-looking statements, including, but
not limited to, risks associated with the current COVID-19 pandemic
and the other factors discussed under the heading "Risk Factors" in
Park Lawn's Annual Information Form available at www.sedar.com.
There can be no assurance that forward-looking statements will
prove to be accurate as actual outcomes and results may differ
materially from those expressed in these forward-looking
statements. Readers, therefore, should not place undue reliance on
any such forward-looking statements. Further, these forward-looking
statements are made as of the date of this news release and, except
as expressly required by applicable law, Park Lawn assumes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
SOURCE Park Lawn Corporation