Hardwoods Distribution Announces Voting Results for Annual General and Special Meeting

Trading Symbol: Toronto Stock Exchange – HDI

LANGLEY, BC, May 10, 2018 /CNW/ - Hardwoods Distribution Inc. ("HDI" or the "Company") today announced the voting results of the Company's annual general and special meeting of shareholders held on May 10, 2018 (the "Meeting"). 

Election of Directors

The seven nominees of management were elected as directors at the Meeting.

The election of directors was conducted by show of hands.  In accordance with the requirements of the Toronto Stock Exchange, the following table reflects the votes represented by proxy that would have been withheld from each director nominee had a ballot been called, as a percentage of votes represented at the Meeting:

Name of Nominee	Votes For		Votes Withheld
	Number of Votes	Percentage of Votes	Number of Votes	Percentage of Votes
Rob Brown	14,519,703	99.96%	5,600	0.04%
Peter Bull	14,327,398	98.64%	197,905	1.36%
Michelle Lewis	14,300,698	98.45%	224,605	1.55%
Jim Macaulay	14,313,698	98.54%	211,605	1.46%
Lawrence Sauder	14,328,398	98.64%	196,905	1.36%
William Sauder	14,327,398	98.64%	197,905	1.36%
Graham Wilson	14,241,683	98.05%	283,620	1.95%

Appointment of Auditors

At the Meeting, KPMG LLP was appointed as auditors of the Company for the ensuing year and the directors were authorized to fix the remuneration to be paid to the auditors.

Increase in Number of Shares Issuable Pursuant to the Long Term Incentive Plan

At the Meeting, shareholders approved the increase to the number of shares issuable pursuant to the Long Term Incentive Plan by 450,000 shares.

About Hardwoods Distribution Inc.

Hardwoods is North America's largest wholesale distributor of architectural grade building products to the residential and commercial construction sectors.  The Company operates a North American network of 62 distribution centres, as well as one sawmill and kiln drying operation.

SOURCE Hardwoods Distribution Inc.

Faiz Karmally, Chief Financial Officer, Phone: [phone], Fax: [phone], Email: [email protected]

Related Links

http://hardwoods-inc.com