Chemtrade Announces Voting Results from 2018 Annual Meeting
TORONTO, May 9, 2018 /CNW/ - Chemtrade Logistics Income Fund (TSX: CHE.UN) today announced results for matters voted on at the Fund's Annual Meeting of Unitholders held in Toronto on May 9, 2018. A total of 56,907,830 Units, or 61.46% of the Fund's issued and outstanding Units, were voted in connection with the annual meeting.
Election of Trustees
On a vote by show of hands, all nominees listed in the management information circular for the 2017 Annual Meeting, were elected as Trustees of the Fund. Detailed results of the vote for the election of Trustees are set out below:
|
Nominees |
Votes For |
% For |
Votes Withheld |
% Withheld |
|
Mark Davis |
55,870,867 |
99.80 |
113,972 |
0.20 |
|
Lucio Di Clemente |
55,871,696 |
99.80 |
113,143 |
0.20 |
|
David Gee |
55,558,678 |
99.24 |
426,161 |
0.76 |
|
Susan McArthur |
55,853,689 |
99.77 |
131,150 |
0.23 |
|
Katherine Rethy |
55,857,529 |
99.77 |
127,310 |
0.23 |
|
Lorie Waisberg |
55,481,652 |
99.10 |
503,187 |
0.90 |
Appointment of Auditors
On a vote by show of hands, Unitholders approved the re-appointment of KPMG LLP, Chartered Professional Accountants, as auditors of the Fund and authorized the Trustees to fix the auditors' remuneration:
|
Votes For |
% For |
Votes Withheld |
% Withheld |
|
56,640,850 |
99.53 |
266,980 |
0.47 |
Vote Regarding Approach to Executive Compensation (Say on Pay)
On a non-binding vote by a show of hands, Unitholders approved the Fund's approach to executive compensation disclosed in the Information Circular.
|
Votes For |
% For |
Votes Against |
% Against |
|
54,333,538 |
97.05 |
1,651,300 |
2.95 |
Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America's largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite, sodium hydrosulphite and phosphorus pentasulphide. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, liquid sulphur dioxide, potassium chloride, and zinc oxide. Additionally, Chemtrade provides industrial services such as processing by-products and waste streams.
SOURCE Chemtrade Logistics Income Fund
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