HALIFAX, May 3, 2017 /CNW/ - Intact Financial Corporation
(TSX: IFC) announced the results of the votes conducted at its 2017
Annual and Special Meeting of Shareholders earlier today in
Halifax, Nova Scotia.
1. Election of Directors
The nominees listed in its management proxy circular dated
March 31, 2017 were elected as
directors of Intact Financial Corporation. The detailed results of
the vote are set out below.
Nominee
|
Votes For
|
%
Votes For
|
Votes
Withheld
|
% Votes
Withheld
|
Charles
Brindamour
|
89,629,486
|
99.51%
|
442,142
|
0.49%
|
Robert W.
Crispin
|
89,184,466
|
99.02%
|
887,162
|
0.98%
|
Janet De
Silva
|
89,895,758
|
99.80%
|
175,870
|
0.20%
|
Claude
Dussault
|
86,746,166
|
96.31%
|
3,325,462
|
3.69%
|
Robert G.
Leary
|
89,983,637
|
99.90%
|
87,991
|
0.10%
|
Eileen
Mercier
|
88,607,562
|
98.37%
|
1,464,066
|
1.63%
|
Sylvie
Paquette
|
89,986,200
|
99.91%
|
85,428
|
0.09%
|
Timothy H.
Penner
|
89,883,854
|
99.79%
|
187,774
|
0.21%
|
Louise Roy
|
89,243,090
|
99.08%
|
828,538
|
0.92%
|
Frederick
Singer
|
89,801,425
|
99.70%
|
270,203
|
0.30%
|
Stephen G.
Snyder
|
89,890,523
|
99.80%
|
181,105
|
0.20%
|
Carol
Stephenson
|
88,918,934
|
98.72%
|
1,152,694
|
1.28%
|
2. Appointment of Ernst & Young LLP as Auditor
Ernst & Young LLP was appointed as auditor of Intact
Financial Corporation. The detailed results of the vote are set out
below.
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
86,636,830
|
96.19%
|
3,434,798
|
3.81%
|
3. Resolution with respect to the Amended and Restated
Shareholder Rights Plan
The resolution to confirm, ratify and approve the Amended and
Restated Shareholder Rights Plan of Intact Financial Corporation
described in the Company's management proxy circular dated
March 31, 2017, as amended
April 19, 2017, was accepted. The
detailed results of the vote are set out below.
Votes
For
|
% Votes
For
|
Votes
Against
|
% Votes
Against
|
76,787,880
|
85.25%
|
13,283,748
|
14.75%
|
4. Resolution with respect to adoption of By-law No.
2
The resolution to adopt By-law No. 2 of Intact Financial
Corporation relating to Advance Notice for the nomination of
Directors, as set out in the Company's management proxy circular
dated March 31, 2017, as amended
April 19, 2017, was accepted. The
detailed results of the vote are set out below.
Votes
For
|
% Votes
For
|
Votes
Against
|
% Votes
Against
|
76,400,164
|
84.82%
|
13,671,464
|
15.18%
|
5. Advisory Resolution on the Approach to Executive
Compensation
The advisory resolution on the approach to executive
compensation disclosed in the Company's management proxy circular
dated March 31, 2017 was accepted.
The detailed results of the vote are set out below.
Votes
For
|
% Votes
For
|
Votes
Against
|
% Votes
Against
|
88,204,766
|
97.93%
|
1,866,662
|
2.07%
|
Amendments to Amended and Restated Shareholder Rights Plan
and By-law No. 2
On April 19, 2017, the Board of
Directors adopted amendments to the Amended and Restated
Shareholder Rights Plan to reflect technical changes to defined
terms "controlled", "Permitted Lock-up Agreement" and "Acting
Jointly or in Concert" and related housekeeping changes. On the
same date, the Board of Directors also adopted amendments to By-law
No. 2 to limit the additional information which may be required to
be furnished by a proposed director nominee to the information
required to comply with the requirements of the Office of the
Superintendent of Financial Institutions (Canada) relating to assessing the suitability
of directors and potential changes to the board. These initiatives
reflect the Board's commitment to best corporate governance
practices.
The revised amendments were each confirmed by shareholders at
the annual and special meeting.
About Intact Financial Corporation
Intact Financial Corporation (TSX: IFC) is the largest provider
of property and casualty insurance in Canada with over $8.0
billion in annual premiums. Supported by over 12,000
employees, the Company insures more than five million individuals
and businesses through its insurance subsidiaries and is the
largest private sector provider of P&C insurance in
British Columbia, Alberta, Ontario, Québec, Nova Scotia and Newfoundland & Labrador. The Company
distributes insurance under the Intact Insurance brand through a
wide network of brokers, including its wholly owned subsidiary,
BrokerLink, and directly to consumers through belairdirect.
SOURCE Intact Financial Corporation