Hammond Power Solutions Reveals Strong AGM Voting Outcomes

Author: Evelyn Baker Updated: 05-08-2025 06:15 PM

Hammond Power Solutions Reports AGM Voting Results

Hammond Power Solutions Inc. (TSX: HPS.A) has announced the voting results from its recent Annual General Meeting (AGM). This significant meeting took place with shareholders voting on pivotal matters, including the appointment of external auditors and the election of its board of directors.

Key Highlights from the Meeting

Shareholders overwhelmingly supported all motions presented during the AGM. The standout decisions included the appointment of KPMG LLP as external auditors for the term and the elections of various director nominees. This strong endorsement showcases the trust and confidence that shareholders have in HPS’s leadership and strategic direction.

Election of Board Members

The election of directors was a key highlight, with the following results reported:

William G. Hammond: Elected as Director with 98.61% of votes in favor.
Dahra Granovsky: Received 99.36% approval.
Fred M. Jaques: Garnered 93.46% of the votes.
J. David M. Wood: Achieved 98.76% support from the shareholders.
Anne Marie Turnbull: Elected with 99.61% votes.
Christopher Huether: Received 99.45% support.
Adrian Thomas: Achieved 99.53% of votes in his favor.
Nathalie Pilon: Elected with 99.52% of the votes.
Gregory Yull: Received 99.42% support from the shareholders.

This level of support is indicative of HPS’s strong governance and the shareholders' satisfaction with the current board's performance and direction.

Appointment of Auditors

Along with electing directors, the AGM included a crucial motion for the appointment of auditors. KPMG LLP continues to serve in this capacity, with an impressive 94.61% of shareholders voting in favor of the appointment. This reflects the shareholders' confidence in KPMG's ability to handle HPS's auditing needs effectively.

About Hammond Power Solutions Inc.

Hammond Power Solutions Inc. is a global leader that specializes in manufacturing dry-type transformers, power quality products, and magnetics. The company plays a vital role in electrification, offering a broad range of products essential to electrical distribution networks across numerous applications.

With manufacturing facilities located in Canada, the United States, Mexico, and India, HPS serves an international market, ensuring its products meet the varying demands of its clientele. The company’s shares are traded on the Toronto Stock Exchange under the ticker symbol HPS.A.

Contact Information

For further inquiries, please reach out to:

David Feick
Investor Relations
(519) 822-2441 x453
ir@hammondpowersolutions.com

Frequently Asked Questions

What were the main results from the AGM?

The AGM resulted in strong shareholder support for all resolutions including the appointment of auditors and the election of directors, with many receiving over 90% approval.

Who were elected as directors?

Directors elected include William G. Hammond, Dahra Granovsky, Fred M. Jaques, and others, all receiving significant support.

How often does Hammond Power Solutions hold its AGM?

The AGM is held annually, allowing shareholders to vote on key issues and leadership selections.

What is HPS's main business focus?

Hammond Power Solutions focuses on manufacturing dry-type transformers and power quality products that contribute to electrification worldwide.

How can shareholders reach out for more information?

Shareholders can contact David Feick in Investor Relations for any inquiries regarding the company or shareholder matters.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.