TORONTO, May 13, 2016 /CNW/ - Sears Canada Inc. (TSX: SCC; NASDAQ: SRSC) announced today the results of the following matters which were voted upon at our Annual and Special Meeting of Shareholders held on April 27, 2016:
1. Election of Directors
On a vote by ballot taken regarding the election of directors, it was declared that the shareholders elected the following nominees as directors of Sears Canada Inc. for the ensuing year or until their successors are duly elected or appointed. Voting results are as follows:
| Nominees |
Number of |
Percent of |
Number of Common |
Percent of |
| R. Raja Khanna |
82,770,097 |
99.77% |
192,479 |
0.23% |
| Carrie Kirkman |
81,078,758 |
97.73% |
1,883,818 |
2.27% |
| Deborah E. Rosati |
82,778,586 |
99.78% |
183,990 |
0.22% |
| Anand A. Samuel |
81,035,306 |
97.68% |
1,927,270 |
2.32% |
| Graham Savage |
82,741,455 |
99.73% |
221,121 |
0.27% |
| S. Jeffrey Stollenwerck |
81,038,522 |
97.68% |
1,924,054 |
2.32% |
| Brandon G. Stranzl |
80,813,649 |
97.41% |
2,148,927 |
2.59% |
2. Appointment of Auditors
On a vote by ballot taken regarding the appointment of auditors, it was declared that the shareholders ratified the appointment of Deloitte LLP as auditors of Sears Canada Inc. for the ensuing year and that the directors were authorized to fix their remuneration. Voting results are as follows:
| Votes for the appointment of auditors: |
90,138,421 |
99.85% (of total votes cast) |
| Votes withheld for the appointment of auditors: |
135,764 |
0.15% (of total votes cast) |
| Total Votes Cast: |
90,274,185 |
100% |
3. Special Resolution Approving the Omnibus Equity Incentive Plan
On a vote by ballot taken regarding the special resolution approving the Omnibus Equity Incentive Plan, as more fully described in the Company's Management Proxy Circular, it was declared that the shareholders confirmed the Special Resolution approving the Omnibus Equity Incentive Plan. Voting results are as follows:
| Votes for the adoption of the Special Resolution approving the Omnibus Equity Incentive Plan: |
80,202,745 |
96.67% |
(of total votes cast) |
| Votes against the adoption of the Special Resolution approving the Omnibus Equity Incentive Plan: |
2,761,584 |
3.33% |
(of total votes cast) |
| Total Votes Cast: |
82,964,329 |
100% |
About Sears Canada
Sears Canada is a multi-channel retailer with a network that includes 159 corporate stores, 125 Hometown stores, over 1,200 catalogue and online merchandise pick-up locations, 84 Sears Travel offices and a nationwide repair and service network. The Company also publishes Canada's most extensive general merchandise catalogue and offers shopping online at www.sears.ca.
SOURCE Sears Canada Inc.
Contact for Media: Vincent Power, Sears Canada, Corporate Communications, [email protected]
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