TSX Trading Symbol: "MTY"
MONTREAL, May 5, 2014 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of quick service restaurants, is pleased to announce that all matters set out in the management information circular dated March 26, 2014 for the 2014 Annual General Meeting of Shareholders held on Friday May 2, 2014 (the ''Meeting'') were approved by shareholders. Over 13,506,575 shares were voted representing 70.64% of the outstanding shares of the Company.
The following five nominees were re-elected as directors of MTY. The detailed results of the vote for the election of directors are set out below:
| Nominee | # Votes For | % Votes For |
# Votes Withheld |
% Votes Withheld |
# Non Votes |
% Non Votes |
| Murat Armutlu | 12,671,203 | 95.10% | 653,565 | 4.90% | 181,807 | 1.36% |
| Stanley Ma | 10,762,180 | 80.77% | 2,562,588 | 19.23% | 181,807 | 1.36% |
| Dickie Orr | 13,292,629 | 99.76% | 32,139 | 0.24% | 181,807 | 1.36% |
| Claude St-Pierre | 10,580,930 | 79.41% | 2,743,838 | 20.59% | 181,807 | 1.36% |
| David K. Wong | 13,283,841 | 99.69% | 40,927 | 0.31% | 181,807 | 1.36% |
The Company's shareholders also approved the appointment of Deloitte s.e.n.c.r.l., Chartered Accountants, as Auditors of the Company for the fiscal year ending November 30, 2014.
Each of the matters voted at the Meeting is discussed in detail in the Company's Management Information Circular dated March 26, 2014, which can be found on SEDAR at www.sedar.com under the Company's profile for public filings. Final voting results on all matters voted at the Meeting will be filed on SEDAR at www.sedar.com under the Company's profile for public filings
Subsequent to the Annual General Meeting, the Board of Directors re-elected Mr. Stanley Ma, as Chairman of the Board and President/CEO of the Company, Ms. Claude St-Pierre was re-elected as COO and Secretary of the Company and Mr. Eric Lefebvre was re-elected as CFO of the Company. Mr. Dickie Orr, Mr. David Wong and Mr. Murat Armutlu were re-elected as members of the Company's Audit Committee.
Certain information in this News Release may constitute "forward-looking" information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. When used in this News Release, this information may include words such as "anticipate", "estimate", "may", "will", "expect", "believe", "plan" and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this News Release. Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information is available in the Company's Management Discussion and Analysis, which can be found on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of
MTY Food Group Inc.
_____________________________________
Stanley Ma, Chairman, President & CEO
SOURCE: MTY Food Group Inc.
Eric Lefebvre, Chief Financial Officer at 1-514-336-8885 or by email at [email protected], or visit our website: www.mtygroup.com or SEDAR's website at www.sedar.com under the Company's name.
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