WINNIPEG, MB, June 10, 2020 /CNW/ - The North West Company Inc.
(TSX: NWC) ("North West") today announced voting results for
the election of directors at its annual general meeting of
shareholders held today, June 10,
2020, via live audio webcast (the "Meeting"). Each of
the nominees listed in the management information circular dated
April 27, 2020 was elected as a
director of North West at the Meeting.
A total of 19,813,295 variable voting and common shares
representing approximately 41% 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
|
19,354,411
|
97.68
|
458,874
|
2.32
|
|
Brock
Bulbuck
|
19,267,696
|
97.25
|
545,589
|
2.75
|
|
Deepak
Chopra
|
19,504,516
|
98.44
|
308,769
|
1.56
|
|
Frank J.
Coleman
|
17,389,557
|
87.77
|
2,423,728
|
12.23
|
|
Wendy F.
Evans
|
17,467,270
|
88.16
|
2,346,015
|
11.84
|
|
Stewart
Glendinning
|
19,752,027
|
99.69
|
61,258
|
0.31
|
|
Edward S.
Kennedy
|
19,765,862
|
99.76
|
47,423
|
0.24
|
|
Annalisa
King
|
19,546,060
|
98.65
|
267,225
|
1.35
|
|
Violet (Vi) A.M.
Konkle
|
19,548,902
|
98.67
|
264,383
|
1.33
|
|
Jennefer
Nepinak
|
19,541,510
|
98.63
|
271,775
|
1.37
|
|
Eric L.
Stefanson
|
19,424,830
|
98.04
|
388,455
|
1.96
|
|
Victor
Tootoo
|
19,757,093
|
99.72
|
56,202
|
0.28
|
In addition, North West reports that:
- an ordinary resolution approving the appointment of
PricewaterhouseCoopers LLP as North West's auditors for the 2020
fiscal year was passed by a majority of the votes represented at
the Meeting; and
- 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.
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 250 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 variable voting and common shares of North West trade on
the Toronto Stock Exchange under the symbol "NWC".
SOURCE The North West Company Inc.
