Empire Company Celebrates Successful Annual General Meeting
Empire Company Limited Reports Positive Voting Outcomes
Empire Company Limited is excited to share the results of the recent voting conducted during its Annual General Meeting. The meeting showed significant engagement from shareholders, with overwhelming support for the company's direction.
Director Elections and Shareholder Voting Results
At the meeting, 98,121,279 Class B shares were represented, accounting for over 99.9% of the outstanding shares. Remarkably, every Class B share voted in favor of the proposed director nominees, showcasing strong confidence in the current board.
Additional Resolutions Passed
In addition to the elections, Class B shareholders approved several key resolutions. These included setting the maximum number of directors at 18 and approving director remuneration. Furthermore, shareholders agreed on the appointment of PricewaterhouseCoopers LLP as auditors for the fiscal year, demonstrating their trust in the management of the company.
Compensation Advisory Resolution
The advisory resolution regarding executive compensation was also significantly supported, receiving 95.90% approval from the Non-Voting Class A shares that were represented at the meeting. This reflects the shareholders' support for the company's approach to compensation and governance.
New Board Member Appointment
One of the notable outcomes of the meeting was the first-time appointment of Lisa Lisson to the Board of Directors. Ms. Lisson brings extensive experience, having spent over 30 years at Federal Express Corporation, where she has held various leadership roles, including the position of President of FedEx Express Canada.
Insights into Empire Company Limited
Empire Company Limited operates primarily in the food retailing sector. With its vast operations, including a major subsidiary, Sobeys Inc., the company has established a considerable presence in the Canadian market. With approximately $31.5 billion in annual sales and $16.9 billion in total assets, Empire is a significant employer, with a workforce of around 128,000 employees.
Financial Overview
The robust fiscal performance of Empire is further highlighted by its significant market presence in the competitive landscape of food retailing. This strong financial background not only solidifies its market position but also supports sustainable growth and shareholder confidence.
Ongoing Commitment to Shareholders
Empire continues to emphasize transparency and communication with its shareholders. The recently held meeting reflects the company's commitment to engaging its shareholders in the decision-making process, ensuring their voices are heard.
Frequently Asked Questions
What were the key outcomes of Empire Company's Annual General Meeting?
Empire Company reported unanimous support for director nominations and several important resolutions, reflecting strong shareholder engagement.
Who was newly appointed to the Board of Directors?
Lisa Lisson was appointed to the Board, bringing her extensive experience from Federal Express Corporation.
How many shares were represented at the meeting?
A total of 98,121,279 Class B shares were represented, showcasing over 99.9% participation.
What financial figures support Empire Company's market presence?
Empire has about $31.5 billion in annual sales and $16.9 billion in total assets, highlighting its strong market position.
What is Empire Company's strategy regarding shareholder relations?
Empire Company focuses on transparency and active engagement with shareholders, ensuring their input in corporate governance.
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