Mr. Tony Busseri reports
ROUTE1 ANNOUNCES ANNUAL AND SPECIAL MEETING RESULTS
Route1 Inc. received approval for all proposals submitted to shareholders at the company's annual and special meeting of shareholders, which was held on Nov. 25, 2014, in Toronto, Ont.
The matters voted on and approved are as follows:
- Mark S. Boensel, Tony P. Busseri, Louis De Jong, Michael F. Doolan,
David Fraser and Michael D. Harris were elected as the company's
directors. Following the meeting, the board of directors met and
appointed Peter F. Chodos to the board, and selected Mr. Harris to
continue to serve as the company's chairman of the board.
- Collins Barrow LLP, chartered accountants, was appointed as the
company's auditor in respect of the year ending Dec. 31, 2014.
- The company's stock option plan was voted on and reapproved.
- The company's shareholder rights plan was voted on and reapproved with
certain amendments thereto.
- Finally, the resolution authorizing the consolidation of common shares
in the capital of Route1 on the basis of up to 20 preconsolidation common shares for every one postconsolidation common share,
at the discretion of the board of directors of Route1, was approved.
With the exception of item 4, each of the five matters that was voted on at the meeting received greater than 94-per-cent approval of the votes cast at the meeting. Item 4 received 51.8 per cent approval of the votes cast at the meeting. A total of approximately 122 million shares were voted at the meeting.
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