The North West Company Inc. Announces Voting Results of its Annual General and Special Meeting of Shareholders
June 13 2018 - 7:34PM
The North West Company Inc. (TSX:NWC) (“
North
West”) today announced voting results for the election of
directors at its annual general and special meeting of shareholders
held today, June 13, 2018, in Winnipeg (the
“
Meeting”). Each of the nominees listed in the
management information circular dated April 11, 2018 was elected as
a director of North West at the Meeting.
A total of 24,281,680 common shares representing
49.87% of all of North West’s issued and outstanding shares were
voted in connection with the Meeting. Shareholders approved all
items of business before the Meeting, including the election of
directors as follows:
|
|
|
|
|
Nominee |
Votes For |
% of Votes For |
Votes Withheld |
% of Votes Withheld |
H. Sanford Riley |
22,922,469 |
94.40% |
1,359,211 |
5.60% |
Brock Bulbuck |
23,877,270 |
98.33% |
404,410 |
1.67% |
Deepak Chopra |
24,203,340 |
99.68% |
78,340 |
0.32% |
Frank J. Coleman |
23,048,273 |
94.92% |
1,233,407 |
5.08% |
Wendy F. Evans |
23,044,355 |
94.90% |
1,237,325 |
5.10% |
Stewart Glendinning |
23,793,995 |
97.99% |
487,685 |
2.01% |
Edward S. Kennedy |
22,939,088 |
94.47% |
1,342,592 |
5.53% |
Robert J. Kennedy |
22,984,614 |
94.66% |
1,297,066 |
5.34% |
Annalisa King |
24,224,090 |
99.76% |
57,590 |
0.24% |
Violet (Vi) A.M. Konkle |
24,222,504 |
99.76% |
59,176 |
0.24% |
Eric L. Stefanson |
23,192,318 |
95.51% |
1,089,362 |
4.49% |
Victor Tootoo |
24,201,356 |
99.67% |
80,324 |
0.33% |
|
|
|
|
|
In addition, North West reports that:
1. a special resolution amending North West’s
articles to increase the maximum size of the board of directors
from twelve to thirteen directors, was passed by a special majority
of the votes represented at the Meeting;
2. an ordinary resolution approving the appointment
of PricewaterhouseCoopers LLP as North West’s auditors for the 2018
fiscal year was passed by a majority of the votes represented at
the Meeting;
3. an advisory resolution accepting North West’s board’s
approach to executive compensation was passed by a majority of the
votes represented at the Meeting;
4. an ordinary resolution approving North West’s
First Amended and Restated Performance Share Unit Plan providing
for the issuance of up to 860,000 common shares was passed by a
majority of the votes represented at the Meeting.
Details of the voting results on all matters
considered at the Meeting are available in North West’s report of
voting results, which is available under North West’s profile on
SEDAR at www.sedar.com.
ABOUT THE NORTH WEST COMPANY
INC.
The North West Company Inc., through its
subsidiaries, is a leading retailer of food and everyday products
and services to rural communities and urban neighbourhoods in
Canada, Alaska, the South Pacific and the Caribbean. North West
operates 237 stores under the trading names Northern, NorthMart,
Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay
Food Markets and has annualized sales of approximately CDN$2.0
billion.
The common shares of North West trade on
the Toronto Stock Exchange under the symbol “NWC”.
CONTACT
Edward Kennedy, President and Chief Executive Officer, The North
West Company Inc. Phone 204-934-1482; fax 204-934-1317; email
ekennedy@northwest.ca
John King, Executive Vice President and Chief Financial Officer,
The North West Company Inc. Phone 204-934-1397; fax 204-934-1317;
email: jking@northwest.ca
Amanda Sutton, Vice President, Legal and Corporate Secretary,
The North West Company Inc. Phone 204-934-1756; fax 204-934-1317;
email: asutton@northwest.ca
or visit on-line at www.northwest.ca
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