TORONTO, May 5, 2016 /CNW/ - Accord Financial Corp.
(TSX – ACD) (the "Company") today announced the voting
results from its Annual General Meeting of Shareholders ("AGM")
held May 4, 2016 in Toronto, Ontario.
Shareholders voted in favour of all items of business put forth
at the meeting as set out below. A total of 6,431,185 shares were
voted at the AGM representing 77.41% of the total issued and
outstanding shares.
1. Election of Directors
The following seven nominees were elected to serve as directors
of the Company until the next annual meeting of shareholders or
until their successors are elected or appointed:
|
|
|
|
|
Number of
Votes
|
|
Percentage of
Votes Cast
|
|
Name
|
For
|
Withheld
|
|
For
|
Withheld
|
|
David
Beutel
|
6,298,979
|
1,601
|
|
99.97%
|
0.03%
|
|
Tom
Henderson
|
6,182,629
|
117,951
|
|
98.13%
|
1.87%
|
|
Ken Hitzig
|
6,181,529
|
119,051
|
|
98.11%
|
1.89%
|
|
Gary
Prager
|
6,298,579
|
2,001
|
|
99.97%
|
0.03%
|
|
Robert
Sandler
|
6,298,379
|
2,201
|
|
99.97%
|
0.03%
|
|
John J.
Swidler
|
6,298,979
|
1,601
|
|
99.97%
|
0.03%
|
|
Stephen
Warden
|
6,298,779
|
1,801
|
|
99.97%
|
0.03%
|
2. Appointment of Auditors
KPMG LLP, Chartered Professional Accountants, were appointed as
auditors of the Company for the fiscal year ending December 31, 2016.
|
|
|
|
|
|
For
|
Withheld
|
|
For
|
Withheld
|
|
6,427,184
|
4,001
|
|
99.94%
|
0.06%
|
3. Ratification of the
issuance of up to 400,000 common shares of the Company to key
managerial employees pursuant to the terms of the Company's
long-term incentive plan ("LTIP") and the issuance of common shares
from the overall plan maximum of 400,000 pursuant to the Company's
2015 LTIP award of $291,250 when it
vests on December 31, 2017
The Company may issue up to 400,000 common shares to key
managerial employees pursuant to the terms of the Company's
LTIP.
|
|
|
|
|
|
For
|
Against
|
|
For
|
Against
|
|
6,154,621
|
145,959
|
|
97.68%
|
2.32%
|
About Accord Financial Corp.
Accord Financial Corp.
is a leading North American finance company providing distinctive
working capital solutions to companies from coast to coast.
Accord's flexible finance programs cover the full spectrum of
asset-based lending, from factoring and inventory finance, to
equipment leasing and trade finance. For 38 years, Accord has
helped businesses manage their cash flows and maximize financial
opportunities – keeping business liquid.
SOURCE Accord Financial Corp.