Bombardier Announces the Election of its Board of Directors

Rhea-AI Summary

Bombardier announced the successful election of all 12 director candidates during its annual shareholder meeting held virtually on May 6, 2021. Key figures include Pierre Beaudoin receiving 98.59% of votes, while Melinda Rogers-Hixon led with 99.68%. The meeting highlights Bombardier's governance stability as it continues to navigate challenges in the aviation industry. The company aims to enhance its shareholder value and maintain its position as a leader in innovative aviation solutions.

Positive

• Successful election of all 12 director candidates, demonstrating shareholder confidence.
• High approval rates for candidates, indicating investor support for management.

Negative

• Absentee votes noted, suggesting some shareholder disengagement.
• Potential concerns over continuity with a heavily weighted board composition.

MONTRÉAL, May 06, 2021 (GLOBE NEWSWIRE) -- Bombardier announces that all candidates in the Management Proxy Circular dated March 26, 2021, were elected as directors of Bombardier Inc. during its annual meeting of shareholders held virtually earlier today. Detailed results of the ballot for the election of directors are below.

Election of Directors
Following a vote, each of the following 12 candidates proposed by management was elected a director of Bombardier:

Candidates	Votes for	% for	Abstentions	% of abstentions
Pierre Beaudoin	2,955,547,338	98.59%	42,310,815	1.41%
Joanne Bissonnette	2,964,372,425	98.88%	33,485,719	1.12%
Charles Bombardier	2,961,126,989	98.77%	36,731,164	1.23%
Diane Fontaine	2,964,113,432	98.87%	33,744,711	1.13%
Diane Giard	2,940,900,573	98.10%	56,957,570	1.90%
Anthony R. Graham	2,941,707,630	98.13%	56,150,513	1.87%
August W. Henningsen	2,975,687,105	99.26%	22,171,038	0.74%
Melinda Rogers-Hixon	2,988,318,594	99.68%	9,539,559	0.32%
Éric Martel	2,971,380,638	99.12%	26,477,505	0.88%
Douglas R. Oberhelman	2,929,308,153	97.71%	68,550,000	2.29%
Eric Sprunk	2,988,388,222	99.68%	9,469,931	0.32%
Antony N. Tyler	2,935,873,967	97.93%	61,984,176	2.07%

About Bombardier
Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of approximately 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals.

News and information is available at bombardier.com or follow us on Twitter @Bombardier.

Bombardier is a registered trademark of Bombardier Inc. or its subsidiaries.

For Information

Francis Richer de La Flèche Vice President, Financial Planning and Investor Relations Bombardier +514 855 5001 x13228

Anna Cristofaro Manager Communications Bombardier +514 855 8678

FAQ

What was the outcome of Bombardier's annual shareholders meeting on May 6, 2021?

All 12 candidates proposed by management were successfully elected as directors.

What percentage of votes did Melinda Rogers-Hixon receive in the Bombardier board election?

Melinda Rogers-Hixon received 99.68% of the votes.

What does the successful election of Bombardier's board members indicate?

It indicates strong shareholder support and confidence in the company's management.

How many directors were elected at Bombardier's annual meeting?

12 directors were elected during the meeting.

What is the significance of the voting results for Bombardier's future?

The results suggest stable governance, which is crucial for maintaining investor confidence.