GUELPH, ONTARIO–(Marketwired – May 18, 2017) – Hammond Power Solutions Inc. (“HPS”) (TSX:HPS.A) a leading manufacturer of dry-type and cast resin transformers and related magnetics, today announced in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held Wednesday, May 17, 2017, in Guelph, Ontario.
Shareholders voted in favour of all items of business put forth at the meeting, including the appointment of KPMG LLP as its outside auditors and the election of all director nominees as follows:
| ELECTION OF DIRECTORS | ||||||||
| NUMBER OF SHARES | PERCENTAGE OF VOTES CAST | |||||||
| Name of Director | VOTED FOR * | AGAINST | WITH | SPOILED | NON | FOR | AGAINST | WITH |
| HELD | VOTE | % | % | HELD | ||||
| % | ||||||||
| William G. Hammond | 4,365,366 | 0 | 1,115,961 | 0 | 55,992 | 79.64 | 0.00 | 20.36 |
| Donald H. MacAdam | 5,412,227 | 0 | 69,100 | 0 | 55,992 | 98.74 | 0.00 | 1.26 |
| Douglas V. Baldwin | 5,381,527 | 0 | 99,800 | 0 | 55,992 | 98.18 | 0.00 | 1.82 |
| Grant C. Robinson | 5,380,494 | 0 | 100,833 | 0 | 55,992 | 98.16 | 0.00 | 1.84 |
| David J. FitzGibbon | 5,366,312 | 0 | 115,015 | 0 | 55,992 | 97.90 | 0.00 | 2.10 |
| Dahra Granovsky | 5.396,944 | 0 | 84,383 | 0 | 55,992 | 98.46 | 0.00 | 1.54 |
| Fred M. Jaques | 5,351,377 | 0 | 129,950 | 0 | 55,992 | 97.63 | 0.00 | 2.37 |
| Richard S. Waterman | 5,351,377 | 0 | 129,950 | 0 | 55,992 | 97.63 | 0.00 | 2.37 |
| APPOINTMENT OF KPMG LLP AS AUDITORS | ||||||||
| VOTED FOR * | AGAINST | WITH | SPOILED | NON | FOR | AGAINST | WITH | |
| HELD | VOTE | % | % | HELD | ||||
| % | ||||||||
| 5,532,369 | 0 | 4,950 | 0 | 0 | 99.91 | 0.00 | 0.09 | |
*As the vote for each motion was taken by a show of hands, the number of votes disclosed reflects only those proxies received by management in advance of the meeting.
ABOUT HAMMOND POWER SOLUTIONS INC.
Hammond Power Solutions Inc. (TSX:HPS.A) is a North American leader for the design and manufacture of dry0type custom electrical engineered magnetics, electrical dry0type, liquid-filled and cast resin transformers. Leading edge engineering capabilities, high quality products, and responsive service to customers’ needs have all served to establish HPS as a technical and innovative leader in the electrical and electronic industries. HPS has operations in Canada, the United States, Mexico, India and Italy.
Dawn Henderson
Manager Investor Relations
(519) 822-2441 x414
ir@hammondpowersolutions.com