The North West Company Inc. Announces Voting Results of its Annual Meeting of Shareholders
The North West Company Inc. (TSX:NWC.TO) ("North West") today announced voting results for the election of directors at its annual general meeting of shareholders held today, June 10, 2020, via live audio webcast (the "Meeting"). Each of the nominees listed in the management information circular dated April 27, 2020 was elected as a director of North West at the Meeting.
A total of 19,813,295 variable voting and common shares representing approximately 41% of all of North West's issued and outstanding shares were voted in connection with the Meeting. Shareholders approved all items of business before the Meeting, including the election of directors as follows:
Nominee Votes For % of Votes Votes % of Votes For Withheld Withheld --- H. Sanford Riley 19,354,411 97.68 458,874 2.32 --- Brock Bulbuck 19,267,696 97.25 545,589 2.75 --- Deepak Chopra 19,504,516 98.44 308,769 1.56 --- Frank J. Coleman 17,389,557 87.77 2,423,728 12.23 --- Wendy F. Evans 17,467,270 88.16 2,346,015 11.84 --- Stewart Glendinning 19,752,027 99.69 61,258 0.31 --- Edward S. Kennedy 19,765,862 99.76 47,423 0.24 --- Annalisa King 19,546,060 98.65 267,225 1.35 --- Violet (Vi) A.M. Konkle 19,548,902 98.67 264,383 1.33 --- Jennefer Nepinak 19,541,510 98.63 271,775 1.37 --- Eric L. Stefanson 19,424,830 98.04 388,455 1.96 --- Victor Tootoo 19,757,093 99.72 56,202 0.28 ---
In addition, North West reports that:
1. an ordinary resolution approving the appointment of PricewaterhouseCoopers LLP as North West's auditors for the 2020 fiscal year was passed by a majority of the votes represented at the Meeting; and 2. an advisory resolution accepting North West's board's approach to executive compensation was passed by a majority of the votes represented at the Meeting.
Details of the voting results on all matters considered at the Meeting are available in North West's report of voting results, which is available under North West's profile on SEDAR at www.sedar.com.
ABOUT THE NORTH WEST COMPANY INC.
The North West Company Inc., through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 250 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CDN$2.0 billion.
The variable voting and common shares of North West trade on the Toronto Stock Exchange under the symbol "NWC".
SOURCE The North West Company Inc.
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SOURCE: The North West Company Inc.
Edward Kennedy, President and Chief Executive Officer, The North West Company Inc., Phone 204-934-1482; fax 204-934-1317; email firstname.lastname@example.org; John King, Executive Vice President and Chief Financial Officer, The North West Company Inc., Phone 204-934-1397; fax 204-934-1317; email: email@example.com; Amanda Sutton, Vice President, Legal and Corporate Secretary, The North West Company Inc., Phone 204-934-1756; fax 204-934-1317; email: firstname.lastname@example.org; or visit on-line at www.northwest.ca