Chartwell Announces the Election of Directors and Other Voting Results

(CNW Group/Chartwell Retirement Residences (IR))

MISSISSAUGA, ON, June 5, 2024 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX:CSH.UN) announced that the nominees listed in the management information circular dated March 28, 2024 were elected as trustees of Chartwell, trustees of CSH Trust, and directors of Chartwell Master Care Corporation.  The detailed results of the votes (i) for the election of directors and trustees; (ii) for the reappointment of KPMG LLP as auditors of Chartwell; and (iii) relating to executive compensation, held at Chartwell's Annual Meeting on Tuesday June 4, 2024, in Mississauga, are set out below. 

Voting Results

Each of the following three nominees proposed by management was elected as a trustee of Chartwell Retirement Residences (the "Chartwell Trustees") as follows:

Nominee	Votes For		Votes Withheld
V. Ann Davis	145,544,696	97.83 %	3,232,335	2.17 %
James Scarlett	146,835,665	98.70 %	1,941,366	1.30 %
Huw Thomas	145,373,245	97.71 %	3,403,786	2.29 %

As directed by unitholders of Chartwell, the Chartwell Trustees voted units of CSH Trust to elect the trustees of CSH Trust as follows:

Nominee	Votes For		Votes Withheld
Valerie Pisano	144,347,354	97.02 %	4,429,677	2.98 %
Sharon Sallows	138,092,036	92.82 %	10,684,995	7.18 %
Gary Whitelaw	148,632,906	92.82 %	144,125	0.10 %

As directed by unitholders of Chartwell, the Chartwell Trustees caused the common shares of Chartwell Master Care Corporation (the "Corporation") to be voted to elect the directors of the corporation as follows:

Nominee	Votes For		Votes Withheld
W. Brent Binions	145,632,098	97.89 %	3,144,933	2.11 %
V. Ann Davis	145,388,769	97.89 %	3,388,262	2.28 %
Valerie Pisano	146,560,403	98.51 %	2,216,628	1.49 %
Sharon Sallows	138,422,921	93.04 %	10,354,110	6.96 %
James Scarlett	146,538,463	98.50 %	2,238,568	1.50 %
Huw Thomas	146,256,847	98.31 %	2,520,184	1.69 %
Vlad Volodarski	146,332,525	98.36 %	2,444,506	1.64 %
Gary Whitelaw	147,454,478	99.11 %	1,322,553	0.89 %

Deferred Unit Plan

	Votes For		Votes Against
Deferred Unit Plan	138,673,966	93.21 %	10,103,065	6.79 %

Unitholder Rights Plan

	Votes For		Votes Against
Unitholder Rights Plan	143,583,348	96.51 %	5,193,683	3.49 %

Unitholder Proposal

	Votes For		Votes Against
Unitholder Proposal by B.C. General Employees' Union	27,218,556	18.29 %	121,558,475	81.71 %

Reappointment of KPMG LLP as Auditors of Chartwell:

	Votes For		Votes Withheld
Reappointment of KPMG LLP	141,720,905	95.17 %	7,193,085	4.83 %

Executive Compensation

	Votes For		Votes Against
Advisory Vote on Approach to Executive Compensation	139,759,411	93.94 %	9,017,620	6.06 %

Final voting results on all matters voted on at the Annual Meeting of Shareholders held on June 4, 2024 will also be published on www.sedar.com.

Committee Composition

Audit Committee

V. Ann Davis (Chair) 
James Scarlett
Gary Whitelaw

Compensation, Governance and Nominating Committee

V. Ann Davis 
Valerie Pisano
Sharon Sallows (Chair)          
James Scarlett

Investment Committee

W. Brent Binions       
Valerie Pisano
Sharon Sallows          
Gary Whitelaw (Chair)

About Chartwell

Chartwell is in the business of serving and caring for Canada's seniors, committed to its vision of Making People's Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents.  Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long term care.  Chartwell is one of the largest operators in Canada, serving over 25,000 residents in four provinces across the country. For more information, visit www.chartwell.com.

For more information, please contact:
Chartwell Retirement Residences
Vlad Volodarski
Chief Executive Officer
Tel:  [phone]
[email protected]

SOURCE Chartwell Retirement Residences (IR)