KP Tissue Inc. Holds Successful Annual Meeting
MISSISSAUGA, Ontario — KP Tissue Inc. (KPT) held an engaging Annual Meeting of shareholders, where vital voting outcomes were presented. This meeting marked a significant moment as the shareholders actively participated in choosing the governing body of the company.
Election Results for Board of Directors
During the meeting, shareholders voted on the nominees for the Board of Directors, leading to a unanimous approval of all proposed candidates. The results were reassuring, with strong majority support indicating the confidence shareholders have in the leadership of KPT.
Director Candidates and Voting Percentages
The following director candidates were elected with overwhelming support:
- François Vimard: 2,192,727 votes (96.56%) were cast in favor of his election, with 78,163 votes (3.44%) against.
- James Hardy: He received 2,193,144 votes (96.58%), while 77,746 votes (3.42%) opposed his candidature.
- Sarah Kruger: Elected with 2,203,404 votes (97.03%); the opposition gathered 67,486 votes (2.97%).
- John “Jay” Wright: Gained 2,185,535 votes (96.24%) in support, while 85,355 votes (3.80%) were against.
This remarkably high rate of support suggests strong confidence in the skills and capacities these individuals bring to the board.
Appointment of Auditors
Furthermore, shareholders unanimously approved the appointment of PricewaterhouseCoopers LLP as the auditors of KP Tissue Inc. A staggering 98.25% of votes favored this decision, reflecting the shareholders' trust in the auditing firm’s capabilities.
About KP Tissue Inc.
KP Tissue Inc. is dedicated to holding and managing a limited equity interest in Kruger Products. Currently, it boasts a 12.3% stake in the renowned Kruger Products. For those interested in learning more about the operations and vision of KPT, additional information can be found on their official website.
Insights into Kruger Products Inc.
Kruger Products is a pivotal player in Canada’s tissue manufacturing sector. Specializing in high-quality products for both household and commercial use, it operates under well-known brands such as Cashmere, Purex, and SpongeTowels. The company not only caters to the Canadian market but also extends its products to the U.S. through its White Cloud brand.
With around 3,000 dedicated employees and ten certified production facilities, Kruger Products emphasizes both quality and sustainability. Their continued innovation and commitment to excellence ensure their prominent market stance.
Contact Information
General Inquiries:
François Paroyan
General Counsel and Corporate Secretary
KP Tissue Inc.
Phone: 905-812-6936
Email: francois.paroyan@krugerproducts.ca
Investor Relations:
Doris Grbic
Director, Investor Relations
KP Tissue Inc.
Phone: 437-882-2596
Email: IR@krugerproducts.ca
Frequently Asked Questions
What decisions were made during the Annual Meeting?
The meeting resulted in the election of new board directors and the approval of PricewaterhouseCoopers LLP as the company’s auditors.
Who were the elected directors?
François Vimard, James Hardy, Sarah Kruger, and John “Jay” Wright were all elected to the Board of Directors.
What percentage of votes supported the auditor appointment?
98.25% of votes were in favor of appointing PricewaterhouseCoopers LLP as auditors.
What is the purpose of KP Tissue Inc.?
KP Tissue Inc. is primarily focused on managing its investment in Kruger Products, holding a 12.3% equity interest.
What brands are associated with Kruger Products?
Kruger Products operates under various consumer brands, including Cashmere, Purex, and SpongeTowels, serving both Canadian and U.S. markets.
