Morguard Corporation Announces Voting Results from the 2016 Annual Meeting of Shareholders
May 16, 2016
MISSISSAUGA, ON, May 16, 2016 /CNW/ - Morguard Corporation ("the Corporation") (TSX: MRC) today announced the results of matters voted on at its annual shareholders' meeting held on May 11, 2016 (the "Meeting"), which included the election of directors of the Corporation, all of the nominees listed in its management information circular dated March 21, 2016. The voting results for each of the matters presented at the Meeting are presented below.
The total number of common shares represented by shareholders present in person or by proxy at the meeting was 10,188,079 representing 85.22% of the Corporation's outstanding common shares.
1. Election of Directors
The seven (7) nominees proposed by management were elected as directors of the Corporation to hold office until the termination of the next annual meeting of shareholders or until their successors are duly elected or appointed, subject to the provisions of the Corporation's by-laws. Proxies were received on this matter as follows:
|
Name |
Votes For |
% |
Votes Withheld |
% |
|
Chris J. Cahill |
10,333,642 |
98.72 |
130,464 |
1.28 |
|
David A. King |
10,007,302 |
98.46 |
156,783 |
1.54 |
|
Timothy John Murphy |
10,031,992 |
98.70 |
132,114 |
1.30 |
|
Michael S. Robb |
10,031,386 |
98.69 |
132,720 |
1.31 |
|
Bruce K. Robertson |
10,081,673 |
99.19 |
82,433 |
0.81 |
|
K. Rai Sahi |
10,030,766 |
98.69 |
133,340 |
1.31 |
|
L. Peter Sharpe |
10,032,036 |
98.70 |
132,070 |
1.30 |
2. Appointment of Auditors
The firm of Ernst & Young LLP, chartered accountants, was appointed as auditor of the Corporation to hold office until the close of the next annual meeting of the shareholders or until their successors are duly appointed, and to authorize the directors to fix the remuneration of the auditor. Proxies were received on this matter as follows:
|
Votes For |
% |
Votes Withheld |
% |
|
10,091,223 |
99.19 |
82,153 |
0.81 |
About Morguard Corporation
Morguard Corporation is a major North American real estate and property management company. It has extensive retail, office, industrial, multi–suite residential, and hotel holdings owned directly, or through its investment in Morguard REIT (TSX: MRT.UN) and Morguard North American Residential REIT (TSX: MRG.UN). Morguard also provides real estate management services to institutional and other investors. Morguard's total assets owned and under management is valued at $19.3 billion.
For more information, please visit Morguard.com.
SOURCE Morguard Corporation
For further information: Morguard Corporation: K. Rai Sahi, Chairman and Chief Executive Officer, T 905.281.3800; Beverley G. Flynn, Vice President, General Counsel and Secretary, T 905.281.3800