Colabor Group's Annual Meeting Approves Key Resolutions
Colabor Group's Annual Meeting Overview
Colabor Group Inc. (TSX: GCL) recently held its annual meeting of shareholders, highlighting an important event in the company's governance. This meeting showcased the engagement of shareholders, as a notable 61,043,516 common shares were represented, equating to 59.84% of the total issued and outstanding shares.
Election of Directors
During the gathering, shareholder resolutions led to the successful election of eight candidates to the Board of Directors. Each nominee received substantial support from those present, ensuring a team dedicated to guiding Colabor's strategic directions.
Results of the Director Elections
The voting results reflected strong backing for the proposed directors. Among them, Marc Beauchamp received an impressive 99.33% approval, asserting the confidence shareholders have in his leadership. His election, along with others, illustrates a commitment to sustaining Colabor’s growth.
Transparency in Voting
The transparency of the voting process was evident as the results were made available, marking a key step in building trust with stakeholders. Danièle Bergeron and Laurie Gauthier also received overwhelming approval rates of 96.82% and 99.29%, respectively, indicating shareholder satisfaction with their contributions.
Appointment of Auditor
A pivotal decision made at the annual meeting involved the appointment of PricewaterhouseCoopers LLP as the corporation's auditor. The resolution was met with unanimous backing, demonstrating shareholders' trust in their expertise to oversee financial integrity.
About Colabor Group
As a prominent distributor and wholesaler of food products, Colabor Group plays a crucial role in serving the hotel, restaurant, and institutional markets, particularly in Quebec and the Atlantic provinces. The firm specializes in delivering a diverse range of specialty food items, including meats and seafood, backed by broadline activities that cater to various sectors, including retail.
Colabor’s Market Position
Colabor Group’s operational scope and dedication to quality have positioned it as a leader in the food distribution industry. By continuously adapting to market needs, Colabor ensures its products meet the highest standards, serving both local businesses and diverse consumer demands.
Commitment to Stakeholders
The recent shareholder meeting underscores Colabor's commitment to maintaining strong relationships with stakeholders. Through transparent governance and decisive actions, the company aims to foster an environment of trust and collaboration.
For Further Information
If you'd like to learn more about Colabor Group, you can reach out to their key representatives:
Pierre Blanchette
Senior Vice President and Chief Financial Officer
Colabor Group Inc.
Phone: 450-449-4911 extension 1308
Email: investors@colabor.com
Danielle Ste-Marie
Ste-Marie Strategy and Communications Inc.
Investor Relations
Phone: 450-449-0026 ext. 1180
Frequently Asked Questions
What was the purpose of the annual meeting?
The meeting aimed to review the performance of the company and elect the board of directors, as well as address the appointment of auditors.
Who were elected to the Board of Directors?
Eight candidates were elected, receiving majority support, ensuring experienced governance for the company.
What percentage of shareholders were represented?
A total of 59.84% of the issued shares were represented at the meeting, highlighting strong shareholder engagement.
What auditing firm was appointed?
PricewaterhouseCoopers LLP was unanimously appointed as the auditor for the corporation.
What products does Colabor distribute?
Colabor distributes a wide range of food products, including specialty items such as meats, seafood, and various food-related products to the hotel, restaurant, and retail markets.
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