Subject: ANNUAL MEETINGS
Héroux-Devtek Announces the Election of Its Directors
LONGUEUIL, Québec, Aug. 10, 2018 (GLOBE NEWSWIRE) -- Héroux-Devtek Inc. (TSX:HRX), ("Héroux-Devtek" or the "Corporation"), a leading international manufacturer of aerospace products, announces that, at the annual meeting of shareholders of the Corporation held on August 10, 2018, each of the eight nominees listed in the management proxy circular dated June 20, 2018 were elected as directors of the Corporation.
Based on the proxies received and the votes on a show of hands, the following individuals were elected as directors of the Corporation until the next annual shareholders' meeting or until their successors are elected or appointed. Accordingly, the voting results are set out below:
| RESOLUTION No.1 | Votes cast FOR | % of votes cast FOR | Votes cast WITHHELD | % of votes cast WITHHELD | ||
| Name of Nominee | ||||||
| Nathalie Bourque | 31,478,318 | 100.00% | 832 | 0.00% | ||
| Paule Doré | 31,409,608 | 99.78% | 69,542 | 0.22% | ||
| Pierre Fitzgibbon | 31,476,123 | 99.99% | 3,027 | 0.01% | ||
| Gilles Labbé | 31,183,023 | 99.06% | 296,127 | 0.94% | ||
| Louis Morin | 31,183,023 | 99.06% | 296,127 | 0.94% | ||
| James J. Morris | 31,407,513 | 99.77% | 71,637 | 0.23% | ||
| Brian A. Robbins | 25,105,361 | 79.75% | 6,373,789 | 20.25% | ||
| Andrew John Stevens | 31,180,723 | 99.05% | 298,427 | 0.95% | ||
Furthermore, based on the proxies received and the votes on a show of hands, the amended and restated stock option plan and the advance notice by-law have been approved and Ernst & Young LLP, Chartered Professional Accountants, were appointed as independent auditors of the Corporation for the ensuing year. As such, a report on the voting results was filed today with the Canadian securities regulatory authorities at www.sedar.com.
Profile
Héroux-Devtek Inc. (TSX:HRX) is an international company specializing in the design, development, manufacture and repair and overhaul of landing gear and actuation systems and components for the Aerospace market. The Corporation is the third largest landing gear company worldwide, supplying both the commercial and defence sectors of the Aerospace market with new landing gear systems and components, as well as aftermarket products and services. The Corporation also manufactures ballscrews, hydraulic systems, fluid filtration systems and electronic enclosures. Approximately 90% of the Corporation's sales are outside Canada, including about 65% in the United States. The Corporation's head office is located in Longueuil, Québec with facilities in the Greater Montreal area (Longueuil, Laval and St-Hubert); Kitchener, Cambridge and Toronto, Ontario; Springfield and Strongsville, Ohio; Wichita, Kansas; Everett, Washington; Livonia, Michigan; and Runcorn, Nottingham and Bolton, United Kingdom.
FORWARD-LOOKING STATEMENTS
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Corporation. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Corporation's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.
| From: | Héroux-Devtek Inc. | |
| Gilles Labbé | ||
| President and Chief Executive Officer | ||
| Tel.: (450) 679-3330 | ||
| Contact: | MaisonBrison | |
| Pierre Boucher | ||
| Tel.: (514) 731-0000 |
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