Voting Outcomes at TWC Enterprises Limited's Annual Meeting
Voting Results from TWC Enterprises Limited's Annual Meeting
In a recent meeting, TWC Enterprises Limited (TSX:TWC) revealed the outcomes of key resolutions discussed during its Annual Shareholders Meeting. Held to address shareholder interests, this gathering was pivotal for determining the future governance of the company, especially regarding the election of its Board of Directors.
Shareholder Participation and Votes Cast
A total of 37 shareholders collectively presented 21,047,881 Common Shares, a significant turnout that represented 86.36% of the company’s 24,371,549 issued and outstanding shares. This high level of engagement is critical for ensuring that the voices of stakeholders are heard and represented adequately.
Election of Directors
The management nominated eight candidates for Board positions. All proposed nominees were elected to serve until the next annual meeting or until their successors are appointed. Below are the details of the votes received for each nominee:
Election Results:
- Fraser R. Berrill: 21,043,303 votes for (100.00%)
- Patrick S. Brigham: 21,043,093 votes for (100.00%)
- Paul D. Campbell: 21,043,303 votes for (100.00%)
- Samuel J. B. Pollock: 20,737,812 votes for (98.55%)
- Angela Sahi: 20,990,659 votes for (99.75%)
- K. Rai Sahi: 20,991,803 votes for (99.76%)
- Donald W. Turple: 21,043,203 votes for (100.00%)
- Jack D. Winberg: 21,043,303 votes for (100.00%)
This unanimous support reflects confidence in the leadership and vision of the nominated individuals, who are tasked with steering the company towards continued success.
Appointment of Auditors
In a subsequent resolution, shareholders appointed Deloitte LLP as the corporation’s auditors. This decision is crucial as it ensures transparency and accountability in financial reporting.
Details of the proxy votes concerning the appointment of auditors were as follows:
- Votes For: 21,047,843 (100.00%)
- Votes Withheld: 38 (0.00%)
Corporate Profile of TWC Enterprises Limited
TWC operates under the brand “ClubLink One Membership More Golf,” and stands as the largest owner, manager, and operator of golf clubs in Canada. The company proudly oversees 47 18-hole equivalent championship courses and 2.5 18-hole equivalent academy courses across 35 locations spanning Ontario, Quebec, and Florida. With such a diverse portfolio, TWC continues to enhance the golf experience for its members, promoting a culture of enjoyment and community.
Contact Information
For additional inquiries, stakeholders can reach Andrew Tamlin, Chief Financial Officer, at the following address:
15675 Dufferin Street
King City, Ontario L7B 1K5
Tel: 905-841-5372
Fax: 905-841-8488
Email: atamlin@clublink.ca
Frequently Asked Questions
What was the primary focus of TWC's Annual Shareholders Meeting?
The primary focus was the election of Directors and the appointment of auditors, which are critical for company governance.
How many shareholders participated in the voting?
A total of 37 shareholders participated, representing over 86% of issued shares.
Who are the new Directors elected at TWC?
Among the elected Directors were Fraser R. Berrill, Patrick S. Brigham, and Donald W. Turple, all receiving strong support from shareholders.
What auditors were appointed for TWC Enterprises Limited?
Deloitte LLP was appointed as the official auditor for TWC Enterprises Limited during the meeting.
How does TWC engage with its shareholders?
TWC actively engages with shareholders through its annual meetings, allowing them to vote on vital company matters and voice their opinions.
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