Stuart Olson Reports on Voting Results of the 2016 Annual General Meeting of Shareholders
CALGARY, May 27, 2016 /CNW/ - Stuart Olson Inc. (TSX: SOX, SOX.DB.A) ("Stuart Olson" or the "Company") held its annual shareholders meeting on May 25, 2016 in Calgary, Alberta. A total of 13,921,257 shares, representing 52.27% of shares outstanding were represented in person or by proxy.
Below are the results of the matters that were voted on by shareholders:
1. Election of Directors
Stuart Olson's eight director nominees were elected:
| Nominee |
Votes For (percent) |
Votes Withheld (percent) |
| Richard T. Ballantyne |
98.04% |
1.96% |
| Albrect W.A. Bellstedt |
73.70% |
26.30% |
| Rod W. Graham |
97.25% |
2.75% |
| Wendy L. Hanrahan |
75.03% |
24.97% |
| David J. LeMay |
98.94% |
1.06% |
| Ian M. Reid |
96.67% |
3.33% |
| Carmen R. Loberg |
97.97% |
2.03% |
| Chad Danard |
92.62% |
7.38% |
2. Appointment of Auditors
The re-appointment of Deloitte & Touche LLP as auditors was approved.
| Votes For (percent) |
Votes Withheld (percent) |
| 97.46% |
2.54% |
3. Approval of Unallocated Options under Amended 2007 Stock Option Plan
All unallocated options, rights and other entitlements to purchase common shares issuable pursuant to Stuart Olson's 2007 Stock Option Plan were approved.
| Votes For (percent) |
Votes Withheld (percent) |
| 60.44% |
39.56% |
4. Approval of the Amended and Restated Shareholder Rights Plan
The Amended and Restated Shareholder Rights Plan was approved.
| Votes For (percent) |
Votes Withheld (percent) |
| 88.93% |
11.07% |
About Stuart Olson Inc.
Stuart Olson Inc. provides general contracting and electrical building systems contracting in the public and private construction markets as well as electrical, mechanical and specialty trades, such as insulation, cladding and asbestos abatement, in the industrial construction and services market. The Company operates office locations throughout British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. Stuart Olson's common shares and convertible debentures are listed on the Toronto Stock Exchange under the symbols "SOX" and "SOX.DB.A", respectively. www.stuartolson.com
SOURCE Stuart Olson Inc.
Daryl Sands, Executive Vice President and Chief Financial Officer, Stuart Olson Inc., (403) 685-7777, Email: [email protected]
Share this article