West Fraser Timber Company Celebrates Successful Voting Outcome
West Fraser Timber Company Shares Positive Voting Results
West Fraser Timber Co. Ltd. (TSX: WFG), known for its commitment to sustainable forest practices and diverse wood product offerings, has announced the results from its recent annual shareholder meeting. The meeting showcased high engagement with a substantial 75.75% of the votes attached to outstanding shares being cast, reflecting a strong shareholder interest in the company's governance and future direction.
Election of Directors
During the meeting, shareholders voted to approve all nominees for the Board of Directors. The results indicated overwhelming support for each candidate, affirming their roles in guiding the company’s strategic objectives. Key figures from the voting results include:
Director Election Results
The following table summarizes the votes received by each director nominee:
- Hank Ketcham: 52,742,263 votes (90.39% in favor)
- Doyle N. Beneby: 56,175,632 votes (96.27% in favor)
- Eric L. Butler: 58,297,503 votes (99.91% in favor)
- Reid E. Carter: 57,416,618 votes (98.40% in favor)
- John N. Floren: 57,749,539 votes (98.97% in favor)
- Ellis Ketcham Johnson: 57,688,916 votes (98.86% in favor)
- Brian G. Kenning: 56,429,554 votes (96.71% in favor)
- Marian Lawson: 58,292,363 votes (99.90% in favor)
- Sean P. McLaren: 58,325,333 votes (99.93% in favor)
- Colleen M. McMorrow: 58,312,962 votes (99.93% in favor)
- Janice G. Rennie: 52,607,441 votes (90.16% in favor)
- Gillian D. Winckler: 58,107,870 votes (99.58% in favor)
Other Important Resolutions
Additionally, shareholders expressed their confidence in the company by approving various key matters:
- The number of directors was fixed at twelve.
- The appointment of PricewaterhouseCoopers LLP as the Company's official auditor was approved.
- A resolution regarding the Company’s executive compensation strategy was also passed with 90.04% approval.
Company Overview
West Fraser is a leading wood products company, recognized for its extensive operations which encompass over 50 facilities across Canada, the United States, the United Kingdom, and Europe. The company emphasizes sustainable forest stewardship and contributes to various sectors, producing essential materials such as lumber, engineered woods, and pulp products. West Fraser continues to be a key player in home construction and remodeling, as well as in industrial applications.
Contact Information for Investors and Media
For further inquiries regarding the annual meeting results or related matters, investors can reach out to:
Robert B. Winslow
Director, Investor Relations & Corporate Development
Tel: (416) 777-4426
Media inquiries can be directed to:
Joyce Wagenaar
Director, Communications
Tel: (604) 817-5539
Frequently Asked Questions
What were the main voting outcomes at the West Fraser meeting?
The meeting resulted in the approval of all director nominees and the appointment of an external auditor.
How many shares were voted during the meeting?
A total of 60,282,131 Common shares and Class B Common shares were voted.
What percentage of votes were in favor of the new directors?
The voting results showed a high approval rate, with some directors receiving over 99% of votes in favor.
Who can I contact for more information about West Fraser?
For inquiries, the Investor Relations director, Robert B. Winslow, can be contacted at (416) 777-4426.
Where can I find more details about West Fraser's products?
Information about the company's wood products can be found on their official website.
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