MARKHAM, ON–(Marketwired – May 27, 2016) – Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today announced the results of matters voted on at its annual and special shareholders’ meeting held on May 26, 2016 (the “Meeting”), which included the election as directors of the Company, all of the nominees listed in its management information and proxy circular dated April 8, 2016 (the “Information Circular”). 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 39,143,562, representing 44.40% of the Company’s outstanding common shares.
1. Election of Directors
On a vote by a show of hands, the election of the following nine nominees as directors of the Company to hold office until the next annual meeting of the Company, or until their respective successors are elected or appointed, was approved. Proxies were received on this matter as follows:
| Nominee | Votes For | % | Votes Withheld | % | ||||
| Benjamin J. Hutzel | 35,665,728 | 96.66 | 1,231,594 | 3.34 | ||||
| Margery O. Cunningham | 36,391,088 | 98.63 | 506,234 | 1.37 | ||||
| Sandra L. Hanington | 36,490,370 | 98.90 | 406,952 | 1.10 | ||||
| Alan R. Hibben | 36,467,675 | 98.84 | 429,647 | 1.16 | ||||
| Donna E. Kingelin | 36,588,393 | 99.16 | 308,929 | 0.84 | ||||
| Timothy L. Lukenda | 36,618,264 | 99.24 | 279,058 | 0.76 | ||||
| Gail Paech | 36,580,818 | 99.14 | 316,504 | 0.86 | ||||
| Alan D. Torrie | 35,945,948 | 97.42 | 951,374 | 2.58 | ||||
| Frederic A. Waks | 36,498,059 | 98.92 | 399,263 | 1.08 | ||||
2. Appointment of Auditors
On a vote by a show of hands, the appointment of KPMG LLP as the auditors of the Company until the next annual meeting of the Company to be held in the year 2017 was approved. Proxies were received on this matter as follows:
| Votes For | % | Votes Withheld | % | |||
| 37,056,425 | 94.96 | 1,967,079 | 5.04 | |||
3. Long Term Incentive Plan
On a vote conducted by ballot, the ordinary resolution to confirm the Company’s Long Term Incentive Plan was approved. The results of the vote were as follows:
| Votes For | % | Votes Against | % | |||
| 34,995,692 | 94.85 | 1,901,631 | 5.15 | |||
4. Approach to Executive Compensation
On a vote conducted by ballot, a non-binding advisory resolution to accept the Company’s approach to executive compensation disclosed in the Company’s Information Circular was approved. The results of the vote were as follows:
| Votes For | % | Votes Against | % | |||
| 34,956,863 | 94.74 | 1,940,459 | 5.26 | |||
ABOUT EXTENDICARE
Extendicare is a leading provider of care and services for seniors throughout Canada. Through our network of 118 operated senior care and living centres (64 owned/54 managed), as well as our home health care operations, we are committed to delivering care throughout the health care continuum to meet the needs of a growing seniors’ population in Canada. Our qualified and highly trained workforce of 23,400 individuals is dedicated to helping people live better through a commitment to quality service and a passion for what we do.
For further information, contact:
Jillian Fountain
Corporate Secretary
Phone: (905) 470-5534
Fax: (905) 470-4003
Email: [email protected]
Visit Extendicare’s Website at www.extendicare.com
