TORONTO, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Exco Technologies Limited (TSX:XTC) announced voting results from its 2017 annual meeting of shareholders held on January 31, 2018. A total of 24,813,784 Common Shares or 58.46% of our issued and outstanding Common Shares, were voted in connection with the meeting. Shareholders voted by a show of hands in favour of each item of business. Based on proxies received prior to the meeting, each director nominee was elected by a substantial majority as follows:
Votes For
Votes Withheld/Against
Laurie T.F. Bennett
94.4%
5.6%
Edward H. Kernaghan
99.7%
0.3%
Nicole A. Kirk
83.2%
16.8%
Robert B. Magee
99.7%
0.3%
Philip B. Matthews
99.1%
0.9%
Colleen M. McMorrow
83.2%
16.8%
Paul E. Riganelli
86.5%
13.5%
Brian A. Robbins
95.2%
4.8%
Full results of the votes are included as Appendix A to this press release.
Exco Technologies Limited is a global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries. Through our 17 strategic locations in 8 countries, we employ 6,600 people and service a diverse and broad customer base.
Source:
Exco Technologies Limited (TSX-XTC)
Contact:
Darren Kirk, Chief Operating Officer & Executive Vice-President
Telephone:
(905) 477-3065 ext. 7233
Website:
http://www.excocorp.com
Appendix A
VOTING RESULTS - 2017 ANNUAL MEETING OF SHAREHOLDERS
Resolution
Votes For
Votes Withheld/Against
#
%
#
%
Elect Laurie T.F. Bennett as Director
23,030,737
94.4%
1,377,608
5.6%
Elect Edward H. Kernaghan as Director
24,325,916
99.7%
82,429
0.3%
Elect Nicole A. Kirk as Director
20,316,679
83.2%
4,091,666
16.8%
Elect Robert B. Magee as Director
24,332,543
99.7%
75,802
0.3%
Elect Philip B. Matthews as Director
24,184,140
99.1%
224,205
0.9%
Elect Colleen M. McMorrow as Director
20,319,187
83.3%
4,089,158
16,8%
Elect Paul E. Riganelli as Director
21,100,543
86.5%
3,307,802
13.5%
Elect Brian A. Robbins as Director
22,262,435
91.2%
2,145,910
8.8%
Appointment of Ernst & Young, LLP as Auditors
23,596,632
95.2%
1,195,437
4.8%
Notes:
(1) Based on proxies submitted
(2) 383,724 shares were not voted
(3) 24,792,069 shares (58.4%) were voted by proxy. 21,715 shares (less than 1%) were voted in person at the meeting
Exco Technologies Limited is a Canada-based global supplier of technologies servicing the die-cast, extrusion and automotive industries. The Company operates through two business segments: Casting and Extrusion Technology (Casting and Extrusion) and Automotive Solutions. The Casting and Extrusion segment designs, develops and manufactures tooling and related products for the aluminum die-cast and extrusion industries. Its operations are substantially for automotive and other industrial markets in North America and Europe. The Automotive Solutions segment produces automotive interior components and assemblies primarily for seating, cargo storage and restraint for sale to automotive manufacturers and Tier 1 suppliers (suppliers to automakers). The Company operates in approximately 20 strategic locations around nine countries and serves various customer base.