Conifex Timber Inc. Successfully Elects New Board Members
Conifex Timber Inc. Elects Board Members and Approves Key Resolutions
Vancouver, British Columbia - Conifex Timber Inc. (TSX: CFF) successfully conducted its annual general and special meeting recently, where it celebrated the election of all management nominees to the board of directors. This significant event reaffirms the confidence of shareholders in the company’s leadership.
Voting Results for Directors
The election of directors took place through a ballot process, ensuring transparency and shareholder participation. Each nominee secured substantial support, reflecting strong trust in their capabilities to guide the company forward.
Management Nominees Elected
All five management nominees were successfully elected with the following voting results:
- Kenneth A. Shields: 83.95% votes in favor, 16.05% votes against.
- David E. Roberts: 84.21% votes in favor, 15.79% votes against.
- Michael Costello: 84.16% votes in favor, 15.84% votes against.
- Janine North: 84.17% votes in favor, 15.83% votes against.
- Charles P. Miller: 96.06% votes in favor, 3.94% votes against.
Shareholder Approvals and Important Decisions
In addition to the elections, shareholders also approved important measures that will shape the company's strategic direction. Notably, they appointed PricewaterhouseCoopers LLP as the Company’s auditor for the upcoming year. This choice is pivotal as it ensures adherence to financial integrity and compliance.
Amendments to Performance Incentive Plan
The shareholders authorized amendments to the long-term performance incentive plan. This change is expected to enhance the company's growth strategy and align the interests of management with those of its shareholders.
Availability of Voting Results
For those interested in a deeper look into the voting results, a detailed report is accessible on SEDAR+. This transparency ensures that all stakeholders are informed of the decisions affecting their investments.
Contact Information for Further Insights
Should you require additional information, please reach out to:
Trevor Pruden
Chief Financial Officer
604 216-2949
About Conifex Timber Inc.
Conifex and its subsidiaries excel in various domains, including timber harvesting, reforestation, and forest management. Their sawmilling operations focus on transforming logs into high-quality lumber and wood chips. These products find a robust market within Canada, the United States, and Japan, showcasing Conifex's extensive reach and competitive edge.
Moreover, Conifex is committed to sustainability through its bioenergy production at its facility in Mackenzie, BC, reinforcing its dedication to responsible resource management and renewable energy solutions.
Frequently Asked Questions
What were the voting results for the Conifex board members?
All management nominees were elected with significant support from shareholders, ranging from approximately 83% to over 96% votes in favor.
Who were the elected directors of Conifex?
The elected directors include Kenneth A. Shields, David E. Roberts, Michael Costello, Janine North, and Charles P. Miller.
What key decisions were made during the shareholder meeting?
Shareholders approved the appointment of PricewaterhouseCoopers LLP as the auditor and amendments to the long-term performance incentive plan.
Where can the voting results be found?
The detailed voting results are available on SEDAR+, ensuring transparency for all stakeholders.
What is the primary business focus of Conifex Timber Inc.?
Conifex Timber Inc. specializes in timber harvesting, sawmilling, and the production of valuable wood products, along with bioenergy generation.
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