Brookfield Business Corporation Announces Results of Annual Meeting of Shareholders

Rhea-AI Summary

Brookfield Business (BBUC) announced that all ten nominees for the board of directors were elected during the annual general meeting held on June 20, 2024. The virtual meeting saw a strong shareholder turn-out, with Exchangeable Shares holding 25% and Class B Shares holding 75% of the voting interest. Detailed voting results showed an overwhelming support for the nominees, including Cyrus Madon and Patricia Zuccotti, who received nearly unanimous votes. Brookfield Business Partners, a subsidiary of Brookfield Asset Management, focuses on high-quality business services and industrials globally. Voting details are available on SEDAR+.

Positive

• All ten board of director nominees were successfully elected.
• Strong shareholder participation with a clear majority vote for each nominee.
• Nominees received overwhelmingly positive votes, with some achieving nearly 100% support.

Negative

• None.

BROOKFIELD, NEWS, June 20, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Corporation (the “Corporation”) (NYSE, TSX: BBUC) today announced that all ten nominees proposed for election to the board of directors of the Corporation by holders of class A exchangeable subordinate voting shares (“Exchangeable Shares”) and holders of class B multiple voting shares (“Class B Shares”) were elected at the Corporation’s annual general meeting of shareholders held on June 20, 2024 in a virtual meeting format. Detailed results of the vote for the election of directors are set out below.

In accordance with the Corporation’s articles, each Exchangeable Share was entitled to one vote per share, representing a 25% voting interest in the Corporation in the aggregate, and the Class B Shares were entitled to a total of 218,863,341 votes in the aggregate, representing a 75% voting interest in the Corporation.

The following is a summary of the votes cast by holders of Exchangeable Shares and Class B Shares, voting together as a single class, in regard to the election of the ten directors:

Director Nominee	Votes For		%	Votes Withheld		%
Cyrus Madon	287,216,951		99.91	248,837		0.09
Jeffrey Blidner	281,259,898		97.84	6,205,890		2.16
David Court	286,943,397		99.82	522,391		0.18
Stephen Girsky	286,512,904		99.67	952,884		0.33
David Hamill	286,799,529		99.77	666,259		0.23
Anne Ruth Herkes	286,943,804		99.82	521,984		0.18
John Lacey	282,305,090		98.20	5,160,698		1.80
Don Mackenzie	287,436,929		99.99	28,859		0.01
Michael Warren	287,436,883		99.99	28,905		0.01
Patricia Zuccotti	287,425,749		99.99	40,039		0.01

A summary of all votes cast by holders of the Exchangeable Shares and Class B Shares represented at the Corporation’s annual meeting of shareholders is available on SEDAR+ at www.sedarplus.ca.

Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation, or Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership. For more information, please visit https://bbu.brookfield.com.

Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over $925 billion of assets under management.

For more information, please contact:

Media:		Investors:
Marie Fuller		Alan Fleming
Tel: +44 207 408 8375		Tel: +1 (416) 645-2736
Email: marie.fuller@brookfield.com		Email: alan.fleming@brookfield.com

FAQ

What was announced in Brookfield Business 's June 20, 2024 press release?

Brookfield Business announced the election of all ten board of director nominees during its annual general meeting.

Which stock symbol is associated with Brookfield Business ?

Brookfield Business is associated with the stock symbol BBUC.

What was the voting outcome for the board of directors at BBUC's annual meeting?

All ten nominees for the board of directors were elected with overwhelmingly positive votes.

When was Brookfield Business 's annual general meeting held in 2024?

The annual general meeting was held on June 20, 2024.

Where can I find the detailed voting results for BBUC's annual meeting?

The detailed voting results are available on SEDAR+.