Goodfellow Inc. Concludes Successful Annual Shareholder Meeting

Goodfellow Inc. Annual Meeting Overview

Goodfellow Inc. (TSX: GDL), a leading manufacturer of value-added lumber products, recently held its Annual Meeting of Shareholders, where the company reported that all resolutions presented to the shareholders were successfully passed. This marks a significant milestone in the company’s journey as it aims to further enhance its operations and connections within the market.

Key Voting Results from the Meeting

Shareholders representing a significant 70.38% of the company’s outstanding shares participated in the meeting, with a total of 5,926,983 shares represented either in person or by proxy. Such a high participation rate underscores the shareholders' confidence in Goodfellow’s management and strategic direction.

Election of Directors

During the meeting, the shareholders voted to elect six nominees proposed by the management. The directors elected play crucial roles in steering the company towards its strategic goals. Here are the results from the director elections:

Nominee Voting Results:

• Alain Côté: 83.32% votes in favor
• David A. Goodfellow: 64.01% votes in favor
• G. Douglas Goodfellow: 64.01% votes in favor
• Robert Hall: 83.31% votes in favor
• Marie-Hélène Nolet: 99.65% votes in favor
• Sarah Prichard: 65.57% votes in favor

Appointment of Auditor

Additionally, KPMG LLP was reappointed as the auditor for Goodfellow. This decision was overwhelmingly supported by the shareholders, with 99.76% of votes representing favor towards KPMG, indicating a strong vote of confidence in their auditing capabilities and professionalism.

Looking Ahead for Goodfellow

As Goodfellow looks ahead, the company remains committed to delivering high-quality products across its diverse segments, including lumber products and building materials. Their strategic initiatives are designed to maintain a robust distribution network that caters to both the commercial and residential sectors across Canada and parts of the Northeastern U.S. The company is also enhancing its value-added product capabilities, aiming to expand its reach in international markets, thereby creating new opportunities for growth.

Company Overview

Established as a key player in the lumber industry, Goodfellow Inc. stands out as a manufacturer of refined lumber products and a distributor of essential building materials. Their extensive distribution capabilities allow them to effectively serve a variety of sectors, and their commitment to quality and service positions them as a trusted partner within the industry. As a publicly traded entity, the company is actively engaged with its stakeholders, continually increasing its market presence and enhancing shareholder value.

Contact Information

For further inquiries, stakeholders are encouraged to reach out through the following contacts:

Patrick Goodfellow,
President and CEO
Goodfellow Inc.
T: 450 635-6511
F: 450 635-3730
Email: info@goodfellowinc.com

Frequently Asked Questions

What was the main outcome of the Annual Meeting for Goodfellow?

All proposed resolutions, including the election of directors and auditor, were passed successfully.

Who were elected as directors during the meeting?

The directors elected include Alain Côté, David A. Goodfellow, G. Douglas Goodfellow, Robert Hall, Marie-Hélène Nolet, and Sarah Prichard.

Who was reappointed as Goodfellow’s auditor?

KPMG LLP was reappointed as the company’s auditor by a significant majority of votes.

What percentage of shares participated in the meeting?

Approximately 70.38% of the company's outstanding shares were represented at the meeting.

How does Goodfellow plan to enhance its market presence?

Goodfellow is focusing on expanding its distribution networks and enhancing its product offerings to serve both domestic and international markets effectively.

About The Author

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