Acadian Timber Corp. Reports Results of Director Elections
Acadian Timber Corporation's Director Election Results
Acadian Timber Corp. (TSX: ADN) has recently completed the election of its board of directors, reaffirming a commitment to effective leadership within the company. During a virtual gathering, shareholders cast their votes, determining the future governance of the organization, which holds a significant position in timberland management.
Voting Outcomes from the Annual Meeting
The Annual Meeting of Shareholders was an essential event, highlighting stakeholder engagement and accountability. The candidates nominated for the board were overwhelmingly supported by shareholders, demonstrating confidence in the leadership team. The votes for each nominee reflected high approval rates, as outlined below:
Election Results
- **Malcolm Cockwell:** Received 11,366,194 votes, translating to 99.69% support with only 0.31% votes withheld.
- **Heather Fitzpatrick:** Garnered 11,382,141 votes, achieving an impressive 99.83%, with just 0.17% of votes withheld.
- **Karen Oldfield:** Achieved 11,341,310 votes, reflecting 99.47% support.
- **Erika Reilly:** Noted for her strong backing, receiving 11,384,294 votes, or 99.85%.
- **Bruce Robertson:** Secured 11,369,229 votes, amounting to 99.72% endorsement.
- **Adam Sheparski:** Received a total of 11,315,994 votes, which corresponds to 99.25% support.
Understanding Acadian Timber Corporation
Acadian Timber Corp. stands as one of the foremost timberland owners located in Eastern Canada and the Northeastern United States, managing a vast area of approximately 2.4 million acres. This substantial footprint includes about 775,000 acres of freehold timberlands in New Brunswick, alongside 300,000 acres in Maine. Furthermore, Acadian provides timber services for an additional 1.3 million acres of Crown licensed timberlands in New Brunswick, which underscores its operational breadth.
Core Business Activities
The organization is deeply involved in forest management, producing vital timber products such as softwood and hardwood sawlogs, pulpwood, and various biomass by-products for around 90 regional customers. Acadian Timber's revenue streams are diversified, encompassing not only timber production but also income generated from real estate ventures and environmental solutions.
Sustainability and Growth Strategies
Acadian’s strategic focus is clear: to maximize cash flows from its extensive timberland assets through sustainable practices and improved land use. This commitment to sustainable forest management not only underpins its current operations but also lays a foundation for future growth. The company aims to bolster its performance through active management and acquisition strategies.
Stock Market Presence
The company’s shares are publicly traded on the Toronto Stock Exchange under the ticker symbol ADN, making it accessible for investors interested in the timber industry. This market presence plays a crucial role in its business strategy, allowing Acadian to leverage investor support as it expands its operations.
Contact Acadian Timber for More Information
For those interested in learning more about Acadian Timber Corp. or the recent board elections, extensive information can be found on their official website. Inquiries directed to corporate leadership are welcomed:
Susan Wood
Chief Financial Officer
Tel: 506-737-2345
Email: ir@acadiantimber.com
Frequently Asked Questions
What is Acadian Timber Corp.?
Acadian Timber Corp. is a significant timberland owner in Eastern Canada and the Northeastern U.S., managing approximately 2.4 million acres.
When did the annual meeting of shareholders take place?
The annual meeting of shareholders was conducted virtually.
How did the nominees perform in the election?
The nominees received overwhelming support, with percentages ranging from approximately 99.25% to 99.85% of the votes.
What are the primary products offered by Acadian Timber?
Acadian produces softwood and hardwood sawlogs, pulpwood, and biomass by-products, catering to about 90 regional customers.
Where can I find more information about Acadian Timber Corp.?
For further details, visit their official website or contact the Chief Financial Officer directly via email or phone.
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