Subjects: PER, SRP
Intact Financial Corporation announces the results of the votes conducted at its 2017 Annual and Special Meeting of Shareholders
HALIFAX, May 3, 2017 /CNW/ - Intact Financial Corporation (TSX: IFC) announced the results of the votes conducted at its 2017 Annual and Special Meeting of Shareholders earlier today in Halifax, Nova Scotia.
1. Election of Directors
The nominees listed in its management proxy circular dated March 31, 2017 were elected as directors of Intact Financial Corporation. The detailed results of the vote are set out below.
|
Nominee |
Votes |
% Votes |
Votes Withheld |
% Votes |
|
Charles Brindamour |
89,629,486 |
99.51% |
442,142 |
0.49% |
|
Robert W. Crispin |
89,184,466 |
99.02% |
887,162 |
0.98% |
|
Janet De Silva |
89,895,758 |
99.80% |
175,870 |
0.20% |
|
Claude Dussault |
86,746,166 |
96.31% |
3,325,462 |
3.69% |
|
Robert G. Leary |
89,983,637 |
99.90% |
87,991 |
0.10% |
|
Eileen Mercier |
88,607,562 |
98.37% |
1,464,066 |
1.63% |
|
Sylvie Paquette |
89,986,200 |
99.91% |
85,428 |
0.09% |
|
Timothy H. Penner |
89,883,854 |
99.79% |
187,774 |
0.21% |
|
Louise Roy |
89,243,090 |
99.08% |
828,538 |
0.92% |
|
Frederick Singer |
89,801,425 |
99.70% |
270,203 |
0.30% |
|
Stephen G. Snyder |
89,890,523 |
99.80% |
181,105 |
0.20% |
|
Carol Stephenson |
88,918,934 |
98.72% |
1,152,694 |
1.28% |
2. Appointment of Ernst & Young LLP as Auditor
Ernst & Young LLP was appointed as auditor of Intact Financial Corporation. The detailed results of the vote are set out below.
|
Votes For |
% Votes For |
Votes Withheld |
% Votes |
|
86,636,830 |
96.19% |
3,434,798 |
3.81% |
3. Resolution with respect to the Amended and Restated Shareholder Rights Plan
The resolution to confirm, ratify and approve the Amended and Restated Shareholder Rights Plan of Intact Financial Corporation described in the Company's management proxy circular dated March 31, 2017, as amended April 19, 2017, was accepted. The detailed results of the vote are set out below.
|
Votes For |
% Votes For |
Votes Against |
% Votes |
|
76,787,880 |
85.25% |
13,283,748 |
14.75% |
4. Resolution with respect to adoption of By-law No. 2
The resolution to adopt By-law No. 2 of Intact Financial Corporation relating to Advance Notice for the nomination of Directors, as set out in the Company's management proxy circular dated March 31, 2017, as amended April 19, 2017, was accepted. The detailed results of the vote are set out below.
|
Votes For |
% Votes For |
Votes Against |
% Votes |
|
76,400,164 |
84.82% |
13,671,464 |
15.18% |
5. Advisory Resolution on the Approach to Executive Compensation
The advisory resolution on the approach to executive compensation disclosed in the Company's management proxy circular dated March 31, 2017 was accepted. The detailed results of the vote are set out below.
|
Votes For |
% Votes For |
Votes Against |
% Votes |
|
88,204,766 |
97.93% |
1,866,662 |
2.07% |
Amendments to Amended and Restated Shareholder Rights Plan and By-law No. 2
On April 19, 2017, the Board of Directors adopted amendments to the Amended and Restated Shareholder Rights Plan to reflect technical changes to defined terms "controlled", "Permitted Lock-up Agreement" and "Acting Jointly or in Concert" and related housekeeping changes. On the same date, the Board of Directors also adopted amendments to By-law No. 2 to limit the additional information which may be required to be furnished by a proposed director nominee to the information required to comply with the requirements of the Office of the Superintendent of Financial Institutions (Canada) relating to assessing the suitability of directors and potential changes to the board. These initiatives reflect the Board's commitment to best corporate governance practices.
The revised amendments were each confirmed by shareholders at the annual and special meeting.
About Intact Financial Corporation
Intact Financial Corporation (TSX: IFC) is the largest provider of property and casualty insurance in Canada with over $8.0 billion in annual premiums. Supported by over 12,000 employees, the Company insures more than five million individuals and businesses through its insurance subsidiaries and is the largest private sector provider of P&C insurance in British Columbia, Alberta, Ontario, Québec, Nova Scotia and Newfoundland & Labrador. The Company distributes insurance under the Intact Insurance brand through a wide network of brokers, including its wholly owned subsidiary, BrokerLink, and directly to consumers through belairdirect.
SOURCE Intact Financial Corporation
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