Resolute Stockholders Vote in Favor of Each Proposal at Annual Meeting

Rhea-AI Summary

Resolute Forest Products (NYSE: RFP) held its virtual annual meeting on May 21, 2021, with 83.5% of outstanding shares cast. Shareholders overwhelmingly approved all proposals, electing seven director nominees with a 99.1% majority. The proposals included the ratification of PricewaterhouseCoopers LLP as the independent public accounting firm for 2021 and an advisory vote on executive compensation. Resolute, a leader in the forest products industry, operates around 40 facilities in the U.S. and Canada while maintaining sustainable forestry practices.

Positive

• 99.1% of shareholders approved the election of seven director nominees.
• PricewaterhouseCoopers LLP was ratified as the independent auditor for the 2021 fiscal year.
• The advisory vote on executive compensation received favorable approval.

Negative

• None.

MONTREAL, May 21, 2021 /CNW Telbec/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today held its virtual annual meeting of stockholders. A total of 66,680,355 common shares, or 83.5% of the outstanding shares, were voted at the meeting. Shareholders voted in favor of each proposal, including the election of the seven director nominees, by a 99.1% majority:

NOMINEE	FOR		AGAINST		ABSTAIN	NON-VOTES
	# of shares	%	# of shares	%	# of shares
Randall C. Benson	60,798,009	98.9	695,357	1.1	4,709	5,182,280
Suzanne Blanchet	61,378,856	99.8	113,951	0.2	5,268	5,182,280
Jennifer C. Dolan	60,809,283	98.9	683,608	1.1	5,184	5,182,280
Remi G. Lalonde	61,291,479	99.7	200,457	0.3	6,139	5,182,280
Bradley P. Martin	61,094,607	99.4	398,760	0.6	4,708	5,182,280
Alain Rhéaume	60,376,412	98.2	1,116,943	1.8	4,720	5,182,280
Michael S. Rousseau	60,714,300	98.7	779,026	1.3	4,749	5,182,280

The other proposals on which stockholders voted favorably included:

• The ratification of the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the 2021 fiscal year.
• An advisory vote to approve compensation of the company's named executive officers, as disclosed in the proxy statement.

About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including market pulp, tissue, wood products and papers, which are marketed in over 50 countries. The company owns or operates some 40 facilities, as well as power generation assets, in the United States and Canada. Resolute has third-party certified 100% of its managed woodlands to internationally recognized sustainable forest management standards. The shares of Resolute Forest Products trade under the stock symbol RFP on both the New York Stock Exchange and the Toronto Stock Exchange.

Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development, as well as for its business practices. Visit www.resolutefp.com for more information.

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SOURCE Resolute Forest Products Inc.

FAQ

What percentage of shares were voted at Resolute's annual meeting on May 21, 2021?

A total of 83.5% of the outstanding shares were voted at the meeting.

What was the outcome of the director nominees' election at Resolute's annual meeting?

All seven director nominees were elected with a 99.1% majority.

Who was ratified as Resolute's independent public accounting firm for 2021?

PricewaterhouseCoopers LLP was ratified as the independent public accounting firm for the 2021 fiscal year.

Did shareholders approve the advisory vote on executive compensation?

Yes, shareholders voted in favor of the advisory vote on executive compensation.

What is Resolute Forest Products known for?

Resolute Forest Products is a leader in the forest products industry, offering products like market pulp and papers, and is recognized for sustainable forest management.