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Element Fleet Management Corp
Symbol EFN
Shares Issued 437,682,397
Close 2020-05-12 C$ 9.05
Recent Sedar Documents

Element shareholders elect nine directors at AGM

2020-05-12 20:13 ET - News Release

Mr. Michael Barrett reports

ELEMENT FLEET ANNOUNCES ANNUAL MEETING VOTING RESULTS

All nine nominees listed in Element Fleet Management Corp.'s management information circular dated April 2, 2020, were elected as directors at the annual meeting of shareholders held on May 12, 2020, with each director receiving in excess of 97.0 per cent of votes cast in favour of their election. A total of 374,516,511 common shares (approximately 85.57 per cent of the outstanding common shares) were represented in person or by proxy at the meeting.

"We would like to acknowledge and thank our shareholders, both for the excellent voter turnout of over 85.0% of shares voted and also for their continued support as evidenced by the voting percentages at the Meeting," said Jay Forbes, President and Chief Executive Officer of the Company. "We remain committed to executing on our strategy of transforming our operating platform, strengthening our investment-grade balance sheet and pivoting Element to growth to cement our position as the industry leader in our geographies."

The detailed results of the vote for the election of directors at the Meeting are set out below:

                       Votes for         % for      Votes withheld         % withheld 
                                  (of votes cast)                      (of votes cast)

David F. Denison     368,618,004        99.26%           2,751,962              0.74%           
Andrew Clarke        368,960,036        99.35%           2,409,930              0.65%           
Paul D. Damp         368,793,488        99.31%           2,576,478              0.69%           
Jay Forbes           371,353,677        99.996%             16,289              0.004%           
G. Keith Graham      367,206,030        98.88%           4,163,936              1.12%           
Alexander D. Greene  360,854,660        97.17%          10,515,306             2.83%           
Joan Lamm-Tennant    369,599,639        99.52%           1,770,327              0.48%           
Rubin J. McDougal    371,354,277        99.996%             15,689              0.004%           
Andrea Rosen         369,627,254        99.53%           1,742,712              0.47%           

In addition, shareholders approved an advisory resolution (say on pay) on executive compensation with 97.26% of votes cast in favour of the resolution, and approved the re-appointment of Ernst & Young LLP as the Company's independent auditors.

For complete results on all matters voted on at the Meeting, see Element's Report of Voting Results filed on the Company's SEDAR profile.

About Element Fleet Management

Element Fleet Management (TSX: EFN) is a leading global fleet management company, providing world-class services and financing for commercial vehicle fleets. The Company enjoys scale and leadership in key markets, a top-tier client base, strong cash flow and ready access to capital, and an investment-grade balance sheet. Element's suite of services spans the total fleet lifecycle - from acquisition and financing to program management and remarketing - helping clients optimize performance and improve productivity.

We seek Safe Harbor.

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