CAE announces the final 2021 Annual Meeting Board of Directors election results

Rhea-AI Summary

CAE announced the results of its 2021 Annual Meeting of Shareholders, where 11 nominees were elected to the board of directors. Vote percentages for the nominees were notably high, with Margaret S. Billson receiving 94.20% and Mary Lou Maher achieving 99.75%. The overall results reflect a strong support for the new board, indicating a stable leadership structure. Additionally, CAE highlighted its commitment to safety and innovation in digital immersion and its substantial recurring revenue, accounting for over 60% of total income.

Positive

• High percentages of votes for all nominees, indicating shareholder confidence.
• Over 60% of CAE's revenue is recurring, suggesting stability and predictability in income.

Negative

• None.

MONTREAL, Aug. 11, 2021 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) CAE today announced the final director election results from its 2021 Annual Meeting of Shareholders.

The following 11 nominees were elected as Directors of CAE:  

Nominee	Votes for	For (%)	Votes Withheld	Withheld (%)
Margaret S. (Peg) Billson	216,831,556	94.20%	13,356,278	5.80%
Hon. Michael M. Fortier	218,364,247	94.86%	11,823,587	5.14%
Marianne Harrison	222,548,900	96.69%	7,629,194	3.31%
Alan N. MacGibbon	227,282,010	98.74%	2,904,677	1.26%
Mary Lou Maher	229,601,260	99.75%	586,574	0.25%
Hon. John P. Manley	223,876,188	97.26%	6,311,646	2.74%
François Olivier	224,900,474	97.70%	5,287,360	2.30%
Marc Parent	229,452,963	99.68%	735,032	0.32%
Gen. David G. Perkins, USA (Ret.)	229,114,932	99.53%	1,071,755	0.47%
Michael E. Roach	225,643,636	98.03%	4,543,051	1.97%
Andrew J. Stevens	223,032,805	96.89%	7,153,882	3.11%

Final results on all matters voted on at the Annual Meeting are filed concurrently with the securities regulators.

About CAE
CAE is a high technology company, at the leading edge of digital immersion, providing solutions to make the world a safer place. Backed by a record of more than 70 years of industry firsts, we continue to reimagine the customer experience and revolutionize training and operational support solutions in civil aviation, defence and security, and healthcare. We are the partner of choice to customers worldwide who operate in complex, high-stakes and largely regulated environments, where successful outcomes are critical. As a testament to our customers' ongoing needs for our solutions, over 60 percent of CAE's revenue is recurring in nature. We have the broadest global presence in our industry, with more than 11,000 employees, 180 sites and training locations in over 35 countries. www.cae.com

Follow us on Twitter @CAE_Inc
Facebook: www.facebook.com/cae.inc 
LinkedIn: www.linkedin.com/company/cae

View original content:https://www.prnewswire.com/news-releases/cae-announces-the-final-2021-annual-meeting-board-of-directors-election-results-301353897.html

SOURCE CAE INC.

FAQ

What were the final director election results for CAE in 2021?

At the 2021 Annual Meeting, all 11 nominees for the CAE board were elected with high approval percentages, reflecting strong shareholder support.

How much recurring revenue does CAE generate?

CAE generates over 60% of its revenue from recurring sources, indicating a stable revenue stream.

What date was the CAE Annual Meeting held?

The CAE Annual Meeting was held on August 11, 2021.

What is the significance of the CAE director election results?

The strong support for the newly elected board members suggests confidence in CAE's leadership and strategic direction.

Who were some of the highly voted nominees in CAE's 2021 director elections?

Mary Lou Maher received the highest vote percentage at 99.75%, while Alan N. MacGibbon received 98.74%.