HALIFAX, May 8, 2015 /CNW/ - Killam Properties Inc. ("Killam" or the "Company") (TSX: KMP) announced today the voting results of matters voted on at its annual meeting of common shareholders (the "Meeting"), which was held in Halifax on May 6, 2015. The voting results of each of the matters considered at the Meeting are presented below.
1) Election of Directors
All candidates in the Management Proxy Circular dated March 31, 2015, were elected as directors. The voting results of the directors are as follows:
Candidate | Votes For | % For | Votes Withheld | % Withheld |
Timothy R. Banks | 24,564,644 | 69.66% | 10,699,988 | 30.34% |
Philip D. Fraser | 34,860,594 | 98.85% | 404,038 | 1.15% |
Robert G. Kay | 34,754,082 | 98.55% | 510,550 | 1.45% |
James C. Lawley | 30,417,381 | 86.25% | 4,847,251 | 13.75% |
Arthur G. Lloyd | 35,135,141 | 99.63% | 129,491 | 0.37% |
Karine L. MacIndoe | 35,223,808 | 99.88% | 40,824 | 0.12% |
Robert G. Richardson | 33,288,444 | 94.40% | 1,976,188 | 5.60% |
Manfred J. Walt | 35,173,944 | 99.74% | 90,688 | 0.26% |
G. Wayne Watson | 34,744,833 | 98.53% | 519,799 | 1.47% |
2) Appointment of Auditors
Ernst & Young LLP was reappointed as the auditors of the Company, to hold office until the next annual meeting of shareholders at remuneration to be fixed by the board of directors. The voting results for the reappointment of the auditors are as follows:
Votes For | % For | Votes Withheld | % Withheld |
34,765,369 | 98.58% | 499,263 | 1.42% |
3) Restricted Share Unit Plan
Killam's Restricted Share Unit ("RSU") Plan was approved, as were the ratification of unallocated RSUs and the ratification of prior grants of RSUs. The voting results for the RSU plan are as follows:
Votes For | % For | Votes Against | % Against |
24,251,638 | 68.77% | 11,012,994 | 31.23% |
4) Advance Notice By-law Amendment
The resolution ratifying and confirming the adoption of an Advance Notice By-law Amendment (the "Advance Notice By-law Amendment") was approved. The voting results for the Advance Notice By-law Amendment are as follows:
Votes For | % For | Votes Against | % Against |
21,692,783 | 61.51% | 13,571,849 | 38.49% |
Corporate Profile
Killam Properties Inc., based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating and developing multi-family apartments and manufactured home communities.
Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.
SOURCE Killam Properties Inc.
Dale Noseworthy, CA, CFA, Vice President, Investor Relations and Corporate Planning, dnoseworthy@killamproperties.com, Phone: (902) 442-0388