WATERLOO, ON, May 7, 2018 /CNW/ - Economical Insurance announced today that Jay Forbes, Dan Fortin, and Susan Monteith have been elected to the Board of Directors of Economical Mutual Insurance Company for a three-year term of office ending at the close of the Annual Meeting in 2021.
Their nominations were listed in the 2018 management proxy circular, dated April 4, 2018, relating to the company's Annual Meeting held today in Kitchener, Ontario. The votes were conducted by a show of hands. The following table sets out the votes represented at the Annual Meeting by proxy that would have been voted for or withheld from each nominee had a ballot been called (including the percentage of the aggregate number of votes represented by proxy reflecting those for or withheld proxy votes):
| Nominee |
Votes For |
% For |
Votes Withheld |
% Withheld |
| Jay Forbes |
288 |
96.97 |
9 |
3.03 |
| Dan Fortin |
288 |
96.97 |
9 |
3.03 |
| Susan Monteith |
291 |
97.98 |
6 |
2.02 |
At the Annual Meeting, Ernst & Young LLP was also re-appointed as auditor of Economical Mutual Insurance Company. The vote was also conducted by a show of hands, with 296 "For" votes submitted in advance by proxy concerning the re-appointment of Ernst & Young LLP (representing 99.66% of the aggregate number of votes submitted by proxy), and one "Withhold" vote (0.34%).
About Economical Insurance
Founded in 1871, Economical is one of Canada's leading property and casualty insurers, with more than $2.2 billion in annualized premium volume and over $5.4 billion in assets as at March 31, 2018. Headquartered in Waterloo, ON, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. Economical conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Sonnet, Petsecure, Economical Financial, and Family Insurance Solutions.
SOURCE Economical Insurance
Sarah Stevens, Manager, Public and Media Relations, Economical Insurance, (T) 877.859.4950 ext. 54042, (C) 416.986.9360, [email protected]
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