MISSISSAUGA, ON, May 5, 2023
/CNW/ - Morguard Corporation (the "Corporation") (TSX: MRC) today
announced the results of matters voted on at its annual and special
shareholders' meeting held on May 3,
2023 (the "Meeting"), which included the election of
directors of the Corporation, all of the nominees listed in its
management information circular dated March
14, 2023. The voting results for each of the matters
presented at the Meeting are presented below.
The total number of common shares represented by shareholders
present in person or by proxy at the meeting was 8,780,698
representing 79.67% of the Corporation's outstanding common
shares.
1. Election of Directors
The seven (7) nominees proposed by management were elected as
directors of the Corporation to hold office until the termination
of the next annual meeting of shareholders or until their
successors are duly elected or appointed, subject to the provisions
of the Corporation's by-laws. Proxies were received on this matter
as follows:
|
Name
|
Votes
For
|
%
|
Votes
Against
|
%
|
|
William J.
Braithwaite
|
7,191,114
|
82.02
|
1,576,133
|
17.98
|
|
Chris J.
Cahill
|
8,088,416
|
92.26
|
678,831
|
7.74
|
|
Bruce K.
Robertson
|
8,603,418
|
98.13
|
163,831
|
1.87
|
|
Angela Sahi
|
8,583,111
|
97.90
|
184,138
|
2.10
|
|
K. Rai Sahi
|
8,337,661
|
95.10
|
429,588
|
4.90
|
|
L. Peter
Sharpe
|
8,604,599
|
98.14
|
162,650
|
1.86
|
|
Stephen R.
Taylor
|
8,088,919
|
92.26
|
678,328
|
7.74
|
2. Appointment of Auditors
The firm of Ernst & Young LLP, chartered accountants, was
appointed as auditor of the Corporation to hold office until the
close of the next annual meeting of the shareholders or until their
successors are duly appointed, and to authorize the directors to
fix the remuneration of the auditor. Proxies were received on this
matter as follows:
|
Votes
For
|
%
|
Votes
Withheld
|
%
|
|
8,384,093
|
95.59
|
386,605
|
4.41
|
3. Adoption of Stock Option Plan
The adoption of an ordinary resolution to approve the new Stock
Option Plan of the Corporation as more fully described in the
management information circular dated March
14, 2023. Proxies were received on this matter as
follows:
|
Votes
For
|
%
|
Votes
Against
|
%
|
|
7,699,140
|
87.82
|
1,068,109
|
12.18
|
About Morguard
Corporation
Morguard Corporation is a major North American real estate and
property management company. It has extensive retail, office,
industrial, hotel and residential holdings owned directly and
through its investment in Morguard Real Estate Investment Trust and
Morguard North American Residential REIT. Morguard also provides
real estate management services to institutional and other
investors. Morguard's owned and managed portfolio of assets is
valued at $18.8 billion.
For more information, please visit Morguard.com.
SOURCE Morguard Corporation