Quebecor Inc. Announces Election of Directors
June 19 2014 - 4:01PM
Marketwired Canada
In accordance with the TSX Company Manual, Quebecor Inc. (TSX:QBR.A)(TSX:QBR.B)
is issuing this news release to disclose the voting results for the election of
its directors obtained at its Annual and Special Meeting of shareholders held
earlier today.
All of the proposed candidates were duly elected as directors of the Corporation
by shareholders present or represented by proxy at the meeting to hold office
until the next annual meeting or until their successors are elected or
appointed. The results of the vote conducted by ballot were as follows:
----------------------------------------------------------------------------
For Withheld
------------------------------------------------
Number % Number %
----------------------------------------------------------------------------
Class "A"directors (i)
----------------------------------------------------------------------------
Jean La Couture 35,708,391 99.99 200 0.01
----------------------------------------------------------------------------
Sylvie Lalande 35,708,391 99.99 200 0.01
----------------------------------------------------------------------------
Pierre Laurin 35,694,932 99.96 13,659 0.04
----------------------------------------------------------------------------
Genevieve Marcon 35,708,391 99.99 200 0.01
----------------------------------------------------------------------------
The Right Honourable Brian
Mulroney 35,705,547 99.99 3,044 0.01
----------------------------------------------------------------------------
Robert Pare 35,704,391 99.98 4,200 0.02
----------------------------------------------------------------------------
Class "B" directors (ii)
----------------------------------------------------------------------------
A. Michel Lavigne 27,349,692 38.13 44,386,074 61.87
----------------------------------------------------------------------------
Normand Provost 70,890,740 98.82 845,026 1.18
----------------------------------------------------------------------------
(i) Elected by the Class "A" shareholders
(ii) Elected by the Class "B" shareholders
It is important to note that the abstention rate obtained by candidate A. Michel
Lavigne as a Class "B" director is explained by an instruction given by a proxy
advisor to its clients to show their disapproval by abstaining from voting for
candidates who have been members of the Corporation's Compensation Committee,
particularly due to the fact that the Corporation has not adopted an advisory
voting policy on senior executive compensation. Therefore, this abstention rate
cannot be interpreted as a value judgment on this candidate's skill. Since the
Corporation has not yet adopted a majority voting policy, Mr. A. Michel Lavigne
was duly elected under corporate law and will sit on the Corporation's Board of
Directors.
In addition, following their election, the Board of Directors has appointed The
Right Honourable Brian Mulroney as Chairman of the Board, and Mr. Pierre Laurin
as Vice-Chairman of the Board and Lead Director.
About Quebecor
Quebecor, a Canadian telecommunications, entertainment and news media leader, is
one of the best-performing integrated communications companies in the industry.
Driven by their determination to deliver the best possible customer experience,
all of Quebecor's subsidiaries and brands are differentiated by their
high-quality, multiplatform, convergent products and services.
Quebecor (TSX:QBR.A)(TSX:QBR.B) is firmly based in Quebec. It holds a 75.36%
interest in Quebecor Media, which employs more than 15,000 people in Canada.
A family business founded in 1950, Quebecor is strongly committed to the
community. Every year, it actively supports people working with more than 400
organizations in the vital fields of culture, health, education, the environment
and entrepreneurship.
Visit our website: www.quebecor.com
Follow us on Twitter: twitter.com/QuebecorMedia
FOR FURTHER INFORMATION PLEASE CONTACT:
Martin Tremblay
Vice president, Public affairs
Quebecor Media
514-380-1985
martin.tremblay@quebecor.com
Quebecor (TSX:QBR.A)
Historical Stock Chart
From Jun 2024 to Jul 2024
Quebecor (TSX:QBR.A)
Historical Stock Chart
From Jul 2023 to Jul 2024
