Andrew Peller Limited's Annual Meeting of Shareholders Recap
Results from Andrew Peller Limited's Annual Meeting
Andrew Peller Limited (NASDAQ: ADW.A and ADW.B) has concluded its Annual General and Special Meeting of Shareholders, held recently. The meeting showcased significant engagement from shareholders, reflecting the company’s commitment to transparency and governance.
Shareholder Engagement at the Meeting
During the meeting, a notable 75.8% of the outstanding Class B Voting Shares were represented, indicating strong participation from the shareholders. This turnout highlights the shareholders' keen interest in the company’s future and its strategic direction.
Election of Directors
One of the key agenda items was the election of directors. Eight nominees were elected, whose terms and responsibilities were clearly outlined in the company's management circular. The voting results were as follows:
1. Brian J. Bidulka: Received 6,097,369 votes (98.79% in favor)
2. Daniel J. Cicerchi: Also achieved 6,097,369 votes (98.79%) in favor.
3. Paul Dubkowski: Secured 6,170,069 votes (99.97%) in favor, demonstrating overwhelming support.
4. R. Bruce McDonald: Garnered 6,097,369 votes (98.79%) in support.
5. A. Angus Peller: Attained 6,094,152 votes (98.74%).
6. John E. Peller: Received 6,166,852 votes (99.92%).
7. Chris Tsiofas: Secured 6,097,369 votes (98.79%).
8. W. James Westlake: Achieved 6,097,369 votes (98.79%).
Appointment of Auditors
Another significant decision at the meeting was the re-appointment of PricewaterhouseCoopers LLP as the Company’s auditors. The results showed that 6,004,289 votes (97.29%) supported this reappointment, with 167,512 votes withholding their support. This indicates strong confidence in the company's financial oversight.
Amendments to Share Based Compensation Plan
The shareholders also voted on amendments to the 2017 Share Based Compensation Plan, with a total of 6,003,902 votes (97.28%) in favor and 167,899 votes against the motion. These amendments are essential to align the company’s compensation structure with its growth objectives and shareholder value enhancement.
About Andrew Peller Limited
Andrew Peller Limited stands as one of Canada’s premier producers of quality wines and craft beverages. The firm boasts an impressive array of award-winning brands, including Peller Estates, Trius, and Wayne Gretzky, among others, catering to diverse consumer tastes. The company also operates a wide retail network across Ontario, enhancing its market reach.
The company is not only focused on wines but also offers quality personal winemaking products through its subsidiary, Global Vintners Inc. This comprehensive approach emphasizes Andrew Peller Limited's dedication to fine beverages that meet consumer needs.
Looking Forward
With the recent elections and approvals from the shareholders, Andrew Peller Limited is poised for a fruitful year ahead. The strong governance demonstrated through these votes reflects the commitment to upholding positive shareholder relations and ensuring the company's continuous growth and success.
Frequently Asked Questions
What was the main outcome of Andrew Peller Limited's meeting?
The main outcome was the election of eight directors and the reappointment of auditors, reflecting strong shareholder engagement.
Who are the newly elected directors?
The newly elected directors include Brian J. Bidulka, Paul Dubkowski, R. Bruce McDonald, among others.
What percentage of votes supported the reappointment of auditors?
97.29% of the votes supported the reappointment of PricewaterhouseCoopers LLP as auditors.
Were there any changes to the compensation plan?
Yes, amendments to the Share Based Compensation Plan received strong support from shareholders.
How does Andrew Peller Limited engage with consumers?
Andrew Peller Limited engages consumers through its diverse range of wines and craft beverages available across its retail locations.
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