MONTREAL, April 10, 2017 /CNW Telbec/ - Yellow Pages
Limited (TSX: Y) ("YP" or the "Company"), announced
today that two additional nominees have been added to the slate of
management's director nominees standing for election at its annual
general meeting of shareholders scheduled to be held at 11:00 on
May 10, 2017 in Suite 6.300 of the
offices of YP located at Le Nordelec, 1751 Richardson Street,
Montreal, Québec (the
"Meeting").
Following discussions with certain of its significant
shareholders and other stakeholders, the board of directors of the
Company (the "Board") has decided to increase the size of
the Board from 10 directors to 12 directors, and to support the
election of Messrs. David A. Eckert
and Stephen K. Smith as directors of
the Company.
David A. Eckert – Over the
past 30 years, Mr. Eckert has served as Chief Executive Officer of
international companies in a wide range of industries (including,
more recently, the Hibu Group, a business providing print
advertising, websites and other internet services to small and
medium enterprise customers), was Vice President and Partner at
Bain & Company, and has been a member or chair of numerous
public and private boards of directors, including the Hibu Group,
X-Rite, Inc. (NASDAQ: XRIT), Clean Harbors, Inc. (NYSE: CLH) and
Italiaonline S.p.A.. He is an economics and engineering graduate of
Northwestern University and earned an
MBA from the Harvard Business School,
where he was a Baker Scholar and a Loeb Rhoades Fellow.
Stephen K. Smith – Mr.
Smith has 20 years of experience serving as a non-executive
director and advisor to companies in digital marketing, enterprise
systems, cyber security, multichannel retail and online payments
sectors. More recently, he served on the executive management team
and as advisor to the Chief Executive Officer of the Hibu Group on
digital strategy and IT transformation. Since 1999, Mr. Smith
has been a General Partner of Masthead Venture Partners, a venture
capital firm focused on early stage investments in information
technology. Prior to that, Mr. Smith was Managing Director and Head
of the Technology Research Group at PaineWebber (before its merger
with UBS Financial Services Group). Mr. Smith is a current board
member of Scanbuy, Sea Bags Holdings Inc., and the Maine Technology
Institute and formerly served on boards at Packet Design (acquired
by Lone Rock Technology Group), Bitpipe (acquired by TechTarget),
Ecount (acquired by Citigroup) and Tizor Systems (acquired by
Netezza). Mr. Smith earned an MBA from Harvard and a Computer Science Degree from
Brighton University.
"The Board strongly believes that the nomination of Messrs.
Eckert and Smith, with their proven track record and expertise in
businesses involved in the same industries as YP, is in the best
interests of the Company and its stakeholders" said Robert F. MacLellan, Director and Chairman of
the Board.
Supplement to the Management Information Circular
Messrs. Eckert and Mr. Smith were not included in the Circular
or in the form of proxy or in the voting instruction form sent by
the Company in connection with the Meeting given that they were
identified as nominees subsequent to the sending of these
materials. The Company will prepare and make available to
shareholders a supplement to the Circular (the
"Supplement"), which will include the information required
under applicable securities laws with respect to the two additional
nominees. Since the Company used notice-and-access to deliver the
Circular to shareholders, Shareholders will have access to the
Supplement electronically and shareholders who elected to receive a
printed copy of the Circular will receive a printed copy of the
Supplement before the Meeting. Furthermore, shareholders will be
mailed new forms of proxy and voting instruction forms in order to
vote their shares in respect of the election of the 12 nominees.
The Supplement and form of proxy will be available on SEDAR at
www.sedar.com, on the CST Trust Company (CST) website at
www.meetingdocuments.com/cst/yp and YP's website at
www.corporate.yp.ca.
Mr. Julien Billot, Director and
President and Chief Executive Officer, or failing him, Mr.
Robert F. MacLellan, Director and
Chairman of the Board, will remain the persons designated in the
new forms of proxy and voting instruction forms to be made
available to the shareholders, and they will use their
discretionary authority to cast the votes represented by proxy
appointing them at the Meeting for the election to the Board of all
of the 12 proposed nominees, including Messrs. Eckert and Smith.
The Board believes that the addition of these two nominees will
enhance the overall skill set of the Board given their relevant
industry expertise.
The Company has retained Kingsdale Advisors as its strategic
shareholder advisor and proxy solicitation agent. If you have any
questions or need assistance in voting your proxy or voting
instruction form, please contact Kingsdale Advisors, at
1-855-682-2031 (toll-free in North
America), or 416-867-2272 (collect calls accepted) outside
North America or by e-mail at
contactus@kingsdaleadvisors.com.
About Yellow Pages Limited
Yellow Pages Limited (TSX: Y) is a Canadian digital media and
marketing solutions company that supports local economies by
helping neighbourhood businesses reach new customers and foster
stronger relationships with existing clients through its various
media and products. Yellow Pages holds some of Canada's leading local online search
properties including YP.ca™, the ComFree / DuProprio
network, RedFlagDeals.com™, Canada411.ca, 411.ca,
Bookenda.com, dine.TO and YP NextHome. The Company also holds the
YP, YP Shopwise, YP Dine, RedFlagDeals, Canada411, 411, Bookenda
and YP NextHome mobile applications and Yellow Pages™
print directories. Through Mediative, Yellow Pages is a leader
in national advertising through its various channels and services
devoted to North American businesses. The Company also
owns JUICE Mobile, a mobile advertising technology company
whose proprietary programmatic platforms facilitate the automatic
buying and selling of mobile advertising between brands and
publishers. For more information
visit www.corporate.yp.ca.
SOURCE Yellow Pages Limited