Sun Life announces election of directors

Rhea-AI Summary

On May 6, 2021, Sun Life Financial Inc. (TSX: SLF, NYSE: SLF) announced the successful election of 12 nominees as directors during its annual shareholders' meeting. The voting results showed strong support for the nominees, with most receiving over 99% approval. Notable figures included Dean A. Connor with 99.8% approval and Scott F. Powers facing the lowest at 91.6%. This election reflects shareholder confidence in the board's leadership as Sun Life continues to manage significant assets of approximately $1,304 billion as of March 31, 2021.

Positive

• Strong shareholder support for elected directors, with most receiving over 99% approval.
• Total assets under management of approximately $1,304 billion, indicating financial stability.

Negative

• Scott F. Powers received only 91.6% approval, the lowest among nominees, which could indicate some shareholder dissent.

TORONTO, May 6, 2021 /PRNewswire/ - Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) announced that the 12 nominees listed in the management information circular dated March 12, 2021 were elected as directors of the Company. The detailed results of the vote held yesterday at its annual meeting of common shareholders are set out below.

Nominee	Votes For	% For	Votes Withheld	% Withheld
William D. Anderson	300,656,760	99.5%	1,607,826	0.5%
Deepak Chopra	299,336,011	99.0%	2,928,575	1.0%
Dean A. Connor	301,650,555	99.8%	614,031	0.2%
Stephanie L. Coyles	280,851,926	92.9%	21,412,660	7.1%
Martin J. G. Glynn	300,449,905	99.4%	1,814,681	0.6%
Ashok K. Gupta	301,128,618	99.6%	1,135,968	0.4%
M. Marianne Harris	299,740,025	99.2%	2,524,561	0.8%
David H. Y. Ho	301,310,121	99.7%	954,465	0.3%
James M.  Peck	300,578,487	99.4%	1,686,099	0.6%
Scott F. Powers	276,903,814	91.6%	25,360,772	8.4%
Kevin D. Strain	301,051,149	99.6%	1,213,437	0.4%
Barbara G. Stymiest	301,381,617	99.7%	882,969	0.3%

The voting results on all matters voted at the annual meeting of common shareholders will be available on www.sunlife.com and through Canadian and U.S. securities regulators at www.sedar.com and www.sec.gov, respectively.

About Sun Life
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2021, Sun Life had total assets under management of $1,304 billion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Note to editors: All figures in Canadian dollars

Media Relations Contact: Irene Poon Manager, Corporate Communications  T.  416-988-0542 irene.poon@sunlife.com

Investor Relations Contact: Yaniv Bitton Vice-President, Head of Investor Relations & Capital Markets  T. 416-979-6496   investor_relations@sunlife.com

 

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SOURCE Sun Life Financial Inc.

FAQ

What was announced by Sun Life Financial on May 6, 2021?

Sun Life Financial announced the election of 12 directors at its annual shareholders' meeting.

What percentage of votes did Dean A. Connor receive in the election?

Dean A. Connor received 99.8% of the votes in the election.

How much total assets under management does Sun Life Financial have?

As of March 31, 2021, Sun Life Financial had total assets under management of approximately $1,304 billion.

What was the lowest approval percentage for a nominee in Sun Life's director election?

Scott F. Powers received the lowest approval at 91.6% in the director election.

Where can I find the voting results for Sun Life's annual meeting?

The voting results are available on Sun Life's website and through Canadian and U.S. securities regulators.