Trading Symbol: Toronto Stock Exchange – HDI
LANGLEY, BC, May 10, 2018 /CNW/ - Hardwoods Distribution Inc.
("HDI" or the "Company") today announced the
voting results of the Company's annual general and special meeting
of shareholders held on May 10, 2018
(the "Meeting").
Election of Directors
The seven nominees of management were elected as directors at
the Meeting.
The election of directors was conducted by show of hands.
In accordance with the requirements of the Toronto Stock Exchange,
the following table reflects the votes represented by proxy that
would have been withheld from each director nominee had a ballot
been called, as a percentage of votes represented at the
Meeting:
|
Name of
Nominee
|
Votes
For
|
Votes
Withheld
|
|
Number of
Votes
|
Percentage of
Votes
|
Number of
Votes
|
Percentage of
Votes
|
|
Rob Brown
|
14,519,703
|
99.96%
|
5,600
|
0.04%
|
|
Peter Bull
|
14,327,398
|
98.64%
|
197,905
|
1.36%
|
|
Michelle
Lewis
|
14,300,698
|
98.45%
|
224,605
|
1.55%
|
|
Jim
Macaulay
|
14,313,698
|
98.54%
|
211,605
|
1.46%
|
|
Lawrence
Sauder
|
14,328,398
|
98.64%
|
196,905
|
1.36%
|
|
William
Sauder
|
14,327,398
|
98.64%
|
197,905
|
1.36%
|
|
Graham
Wilson
|
14,241,683
|
98.05%
|
283,620
|
1.95%
|
Appointment of Auditors
At the Meeting, KPMG LLP was appointed as auditors of the
Company for the ensuing year and the directors were authorized to
fix the remuneration to be paid to the auditors.
Increase in Number of Shares Issuable Pursuant to the Long
Term Incentive Plan
At the Meeting, shareholders approved the increase to the number
of shares issuable pursuant to the Long Term Incentive Plan by
450,000 shares.
About Hardwoods Distribution Inc.
Hardwoods is North America's
largest wholesale distributor of architectural grade building
products to the residential and commercial construction sectors.
The Company operates a North American network of 62
distribution centres, as well as one sawmill and kiln drying
operation.
SOURCE Hardwoods Distribution Inc.