MONTREAL,
May 7, 2015 /CNW Telbec/ - In
accordance with the TSX Company Manual, Quebecor Inc.
(TSX: QBR.A, QBR.B) is issuing this news release to disclose
the voting results for the election of directors held at its Annual
Meeting of Shareholders held today.
All of the proposed candidates were duly elected
as directors of the Corporation by the shareholders present or
represented by proxy at the meeting. The results of the vote
conducted by secret ballot were as follows:
| |
|
|
| |
For |
Withheld |
|
Number |
% |
Number |
% |
| Class "A"
directors* |
|
| Jean La Couture |
35 690 546 |
99,99 |
400 |
0,01 |
| Sylvie Lalande |
35 682 408 |
99,97 |
8 538 |
0,03 |
| Pierre Laurin |
35 690 030 |
99,99 |
916 |
0,01 |
| Geneviève Marcon |
35 690 546 |
99,99 |
400 |
0,01 |
| The Right Honourable Brian Mulroney |
35 678 405 |
99,96 |
12 541 |
0,04 |
| Robert Paré |
35 688 146 |
99,99 |
2 800 |
0,01 |
| Class "B" directors** |
|
| A. Michel Lavigne |
20 430 249 |
28,48 |
51 293 159 |
71,52 |
| Normand Provost |
70 072 002 |
97,70 |
1 651 406 |
2,30 |
* Elected by the Class "A"
shareholders
** Elected by the Class "B" shareholders
Mr. A. Michel
Lavigne, a Class "B" director since 2013, did not receive
the support of the majority of the Class "B" shareholders who voted
at the meeting.
Having anticipated this outcome, Mr. Lavigne had
advised the Chairperson of the Corporate Governance Committee that,
in accordance with the majority voting policy adopted in
January 2015, he would submit
his resignation if the number of votes withheld from his election
at the meeting should exceed the number of "For" votes cast.
At their meeting of May
6, 2015, the directors had considered what course of action
the Board should take in this event. Upon analysis, the Board
concluded that any such result would be related to a situation that
arose in the spring of 2014 but which no longer exists and which
was discussed at the annual meeting held on June 19, 2014.
The Board of Directors believes that the loss of
a director of Mr. Lavigne's calibre would be unfortunate for all
shareholders of the Corporation. Mr. Lavigne is an experienced
director who sits on many boards, including those of the Laurentian
Bank of Canada, Canada Post
Corporation and Teraxion. He has also served as a director of the
Caisse de dépôt et placement du Québec and acted as President and
CEO of Raymond Chabot Grant Thornton
in Montréal. He is a director who is recognized for his skills,
expertise and integrity. The Corporation notes that Mr. Lavigne
spearheaded the adoption of a number of good corporate governance
policies during the past year, including the clawback policy and
the minimum shareholding policy for senior executives.
For these reasons, the Corporation has refused
to accept Mr. Lavigne's resignation and he has therefore been
elected a Class "B" director.
About Quebecor
Quebecor, a Canadian leader in telecommunications, entertainment,
news media and culture, 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, QBR.B) is headquartered in
Québec. It holds a 75.36% interest in Quebecor Media, which employs
close to 12,000 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
SOURCE Quebecor