Exco Technologies Limited 2021 Annual Meeting Results

Rhea-AI Summary

Exco Technologies Limited held its 2021 annual shareholders' meeting on January 26, 2022, with 25,742,929 Common Shares, or 65.55%, represented. All director nominees were elected by substantial majorities. Darren M. Kirk and Robert B. Magee received 99.4% approval, while Edward H. Kernaghan received 82.3%. The appointment of Ernst & Young, LLP as auditors also passed with 99.5% support. The meeting highlights Exco's commitment to strong governance and shareholder engagement, vital for maintaining its position as a leader in innovative technologies for the die-cast, extrusion, and automotive industries.

Positive

• High voter turnout with 25,742,929 shares (65.55%) represented at the meeting.
• All director nominees were elected with significant majorities, indicating strong shareholder support.

Negative

• Edward H. Kernaghan received only 82.3% approval, suggesting potential concerns among some shareholders.

TORONTO, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Exco Technologies Limited (TSX-XTC) announced voting results from its 2021 annual meeting of shareholders held on January 26, 2022. A total of 25,742,929 Common Shares or 65.55% of our issued and outstanding Common Shares, were voted in connection with the meeting. Based on proxies received prior to the meeting, each director nominee was elected by a substantial majority as follows:

	Votes For	Votes Withheld/Against
Edward H. Kernaghan	82.3%	17.7%
Darren M. Kirk	99.4%	0.6%
Robert B. Magee	99.4%	0.6%
Colleen M. McMorrow	99.3%	0.7%
Paul E. Riganelli	91.8%	8.2%
Brian A. Robbins	91.8%	8.2%
Anne Marie Turnbull	99.5%	0.5%

Full results of the votes are included as Appendix A to this press release.

Exco Technologies Limited is a global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries. Through our 16 strategic locations in 7 countries, we employ approximately 4,700 people and service a diverse and broad customer base.

	Source:	Exco Technologies Limited (TSX-XTC)
	Contact:	Darren Kirk, President & Chief Executive Officer
	Telephone:	(905) 477-3065 ext. 7233
	Website:	http://www.excocorp.com

Appendix A
VOTING RESULTS - 2021 ANNUAL MEETING OF SHAREHOLDERS
Resolution		Votes For				Votes Withheld/Against
		#		%		#	%
Elect Edward H. Kernaghan as Director		20,919,391		82.3%		4,492,371	17.7%
Elect Darren M. Kirk as Director		25,268,386		99.4%		143,376	0.6%
Elect Robert B. Magee as Director		25,256,874		99.4%		154,888	0.6%
Elect Colleen M. McMorrow as Director		25,230,886		99.3%		180,876	0.7%
Elect Paul E. Riganelli as Director		23,328,871		91.8%		2,082,517	8.2%
Elect Brian A. Robbins as Director		23,337,948		91.8%		2,073,814	8.2%
Elect Anne Marie Turnbull as Director		25,293,865		99.5%		117,897	0.5%
Appointment of Ernst & Young, LLP as Auditors		25,610,800		99.5%		117,806	0.5%
Notes:
(1) Based on proxies submitted
(2) 316,844 shares were not voted for Directors
(3) 25,742,929 shares (65.55%) were voted by proxy

FAQ

What were the voting results for Exco Technologies' 2021 annual meeting?

The meeting saw a total of 25,742,929 shares voted, with all director nominees elected by substantial majorities.

What percentage of votes did Edward H. Kernaghan receive?

Edward H. Kernaghan received 82.3% of the votes in his favor.

Who was appointed as auditors at Exco Technologies' annual meeting?

Ernst & Young, LLP was appointed as auditors, receiving 99.5% approval.

When did Exco Technologies hold its 2021 annual meeting?

Exco Technologies held its 2021 annual meeting on January 26, 2022.

How many shares were voted at the Exco Technologies annual meeting?

A total of 25,742,929 Common Shares were voted, representing 65.55% of the issued shares.