AMENDED: Hammond Power Solutions Inc. Announces Vo
Post# of 301275
GUELPH, Ontario, May 17, 2018 (GLOBE NEWSWIRE) -- Hammond Power Solutions Inc. (“HPS”) (TSX:HPS.A) a leading manufacturer of dry-type and cast resin transformers and related magnetics, today announced in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held Wednesday, May 16, 2018 in Guelph, Ontario.
Shareholders voted in favour of all items of business put forth at the meeting, including the appointment of KPMG LLP as its outside auditors and the election of all Director Nominees as follows:
1) ELECTION OF DIRECTORS
| MOTIONS | NUMBER OF VOTES | PERCENTAGE OF VOTES CAST | |||||||||
| FOR | AGAINST | Withheld * | SPOILED | NON VOTE | FOR | AGAINST | WITHHELD | ||||
| W. G. Hammond | 16,176,049 | 0 | 1,211,702 | 0 | 61,677 | 93.03 | % | 0.00 | % | 6.97 | % |
| Donald H. MacAdam | 17,381,667 | 0 | 6,084 | 0 | 61,677 | 99.97 | % | 0.00 | % | 0.03 | % |
| Douglas V. Baldwin | 17,382,701 | 0 | 5,050 | 0 | 61,677 | 99.97 | % | 0.00 | % | 0.03 | % |
| Grant C. Robinson | 17,382,701 | 0 | 5,050 | 0 | 61,677 | 99.97 | % | 0.00 | % | 0.03 | % |
| David J. FitzGibbon | 17,382,701 | 0 | 5,050 | 0 | 61,677 | 99.97 | % | 0.00 | % | 0.03 | % |
| Dahra Granovsky | 17,382,701 | 0 | 5,050 | 0 | 61,677 | 99.97 | % | 0.00 | % | 0.03 | % |
| Fred M. Jaques | 17,363,501 | 0 | 24,250 | 0 | 61,677 | 99.86 | % | 0.00 | % | 0.14 | % |
| Richard S. Waterman | 17,382,601 | 0 | 5,150 | 0 | 61,677 | 99.97 | % | 0.00 | % | 0.03 | % |
2) APPOINTMENT OF AUDITORS
| MOTIONS | NUMBER OF VOTES | PERCENTAGE OF VOTES CAST | |||||||||
| FOR | AGAINST | Withheld * | SPOILED | NON VOTE | FOR | AGAINST | WITHHELD | ||||
| Appointment of Auditors | 17,440,503 | 0 | 8,925 | 0 | 0 | 99.95 | % | 0.00 | % | 0.05 | % |
*As the vote for each motion was taken by a show of hands, the number of votes disclosed reflects only those proxies received by management in advance of the meeting.
ABOUT HAMMOND POWER SOLUTIONS INC.
Hammond Power Solutions Inc. (TSX:HPS.A) is a North American leader for the design and manufacture of dry0type custom electrical engineered magnetics, electrical dry0type, liquid filled and cast resin transformers. Leading edge engineering capabilities, high quality products, and responsive service to customers’ needs have all served to establish HPS as a technical and innovative leader in the electrical and electronic industries. HPS has operations in Canada, the United States, Mexico, India and Italy.
For further information please contact: Dawn Henderson Manager Investor Relations (519) 822-2441 x414
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