Press release from CNW Group
Global Water Reports Director Election Results
Thursday, May 16, 2013
Global Water Reports Director Election Results07:00 EDT Thursday, May 16, 2013
PHOENIX, May 16, 2013 /CNW/ - GWR Global Water Resources Corp. (TSX: GWR), today announced that the nominees listed in the Management Proxy Circular, dated April 10, 2013, for the 2013 Annual of Shareholders (the "Meeting") were elected as Directors of the Company. At the Meeting, held on May 13, 2013 in Toronto, all resolutions put to vote were passed. The results of the vote for the election of Directors at the Meeting are as follows:
|Votes For||Votes Withheld|
|William S. Levine||2,906,185||88.50||377,575||11.50%|
|Trevor T. Hill||3,164,385||96.37||119.375||3.64%|
|Richard M. Alexander||3,064,385||93.32||219,375||6.68%|
|L. Rita Theil||3,064,735||93.33||219,025||6.67%|
|David C. Tedesco||3,163,735||96.35||120,025||3.66%|
David C. Tedesco was elected as a new independent member of the Board of Directors of the Company, resulting from the vacancy of E.J. Bird not standing for re-election.
"Mr. Tedesco's successful entrepreneurship and capital markets experience will provide us with new perspective as our regulated business grows with the rebound in the Metro Phoenix housing market," said Trevor Hill, President and CEO of Global Water. "On behalf of the entire Global Water board, I would like to thank Mr. Bird for his significant contributions to the Company. His guidance and counsel have served the Company well. We wish him our best in his new role with Sears Canada."
David Tedesco is the founder and CEO of True North Companies, one of Arizona's largest and most active private investment firms. Prior to forming True North, Mr. Tedesco founded and served as Chief Executive Officer of multiple successful companies. As an independent investor and lifelong entrepreneur, Mr. Tedesco has served on the Board of Directors of a number of organizations. His current Board roles include Passport Health, Anmark Machine, Jokake Companies, HSi, ProGard, Midwest Products, Valley of the Sun, United Way of Phoenix and the Nature Conservancy. Mr. Tedesco has been recognized with Spirit of Philanthropy Award and the Clara Barton Award from the American Red Cross. As part of his contribution to the community, Mr. Tedesco formed the Tedesco Foundation, a non-profit entity focused on providing strategic support to not-for-profit service providers in Arizona and throughout the world.
About GWR Global Water Resources Corp. and Global Water
GWR Global Water Resources Corp. owns an approximate 48.1% interest in Global Water, a leading water resource management and technology company that owns and operates water, wastewater and recycled water utilities, and provides technology‐enabled services through its unique platform, FATHOM™ Utility‐to‐Utility ("U2U™") Solutions. Initially developed by Global Water to support and optimize its own utilities, FATHOM™ OS is a cloud‐based geo‐spatial integrated suite of utility‐to‐utility solutions proven to increase utility revenue, decrease operating costs and improve customer service. FATHOM™ puts water management tools in customers' hands.
SOURCE: GWR Global Water Resources Corp.
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