Economical Insurance announces results of its Annual Meeting
WATERLOO, ON, May 3, 2019 /CNW/ - Economical Insurance announced today that Dick Freeborough, Micheál Kelly, and Michael Stramaglia have been re-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 2022.
Their nominations were listed in the 2019 management proxy circular, dated April 5, 2019, 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 those proxy votes):
Nominee |
Votes For |
% For |
Votes Withheld |
% Withheld |
Dick Freeborough |
279 |
98.24 |
5 |
1.76 |
Micheál Kelly |
280 |
98.59 |
4 |
1.41 |
Michael Stramaglia |
280 |
98.59 |
4 |
1.41 |
At the Annual Meeting, Ernst & Young LLP was also re-appointed as auditor of Economical Mutual Insurance Company. The vote was conducted by a show of hands, with 282 "For" votes submitted in advance by proxy (representing 99.30% of the aggregate number of proxy votes), and two "Withhold" votes (0.70%).
About Economical Insurance
Economical is a leading property and casualty insurer in Canada, with approximately $2.5 billion in annualized gross written premiums and approximately $5.7 billion in assets as at March 31, 2019. Based in Waterloo and founded in 1871, Economical is a Canadian-owned and operated company that services the insurance needs of more than one million customers across the country.
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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