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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Canadian Imperial Bank of Commerce    CM   CA1360691010

CANADIAN IMPERIAL BANK OF COMMERCE

(CM)
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Canadian Imperial Bank of Commerce : CIBC Announces Election of Directors

04/08/2021 | 02:35pm EDT

TORONTO, April 8, 2021 /CNW/ - CIBC (TSX: CM) (NYSE: CM) announced today that the nominees listed in its Management Proxy Circular dated February 16, 2021 were elected as Directors of CIBC, which brings the Board to gender parity with 50% women and 50% men.

Detailed results of the vote for the election of directors held earlier today at CIBC's Annual Meeting of Shareholders are below.

On a vote by ballot, each of the following 14 nominees proposed by management was elected as a Director of CIBC:

Nominees

VOTES FOR

VOTES WITHHELD

Charles J.G. Brindamour

201,765,577

99.26%

1,494,262

0.74%

Nanci E. Caldwell

202,421,645

99.59%

838,194

0.41%

Michelle L. Collins

202,418,273

99.59%

841,566

0.41%

Patrick D. Daniel

201,112,081

98.94%

2,147,758

1.06%

Luc Desjardins

196,548,604

96.70%

6,711,235

3.30%

Victor G. Dodig

202,278,867

99.52%

980,972

0.48%

Kevin J. Kelly

202,596,626

99.67%

663,213

0.33%

Christine E. Larsen

202,467,853

99.61%

791,986

0.39%

Nicholas D. Le Pan

194,577,870

95.73%

8,681,969

4.27%

Mary Lou Maher

202,539,239

99.65%

720,600

0.35%

Jane L. Peverett

196,818,469

96.83%

6,441,370

3.17%

Katharine B. Stevenson

201,751,140

99.26%

1,508,699

0.74%

Martine Turcotte

202,520,926

99.64%

738,913

0.36%

Barry L. Zubrow

202,468,823

99.61%

791,016

0.39%

Final voting results on all matters voted on at the Annual Meeting will be available shortly at https://www.cibc.com/en/about-cibc/investor-relations/annual-meeting.html  and will be filed with Canadian and U.S. securities regulators.

About CIBC

CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada with offices in the United States and around the world. Ongoing news releases and more information about CIBC can be found at https://cibc.mediaroom.com/.

SOURCE CIBC

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2021 19 563 M 15 620 M 15 620 M
Net income 2021 5 373 M 4 290 M 4 290 M
Net Debt 2021 - - -
P/E ratio 2021 10,7x
Yield 2021 4,64%
Capitalization 55 751 M 44 419 M 44 515 M
Capi. / Sales 2021 2,85x
Capi. / Sales 2022 2,77x
Nbr of Employees 43 890
Free-Float 99,4%
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 132,62 CAD
Last Close Price 124,13 CAD
Spread / Highest target 20,8%
Spread / Average Target 6,84%
Spread / Lowest Target -5,37%
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Managers and Directors
NameTitle
Victor Dodig President, Chief Executive Officer & Director
Hratch Panossian Chief Financial Officer & Senior Executive VP
Katharine Berghuis Stevenson Chairman
Christina Kramer Senior EVP-Technology, Infrastructure & Innovation
Nicholas D. Le Pan Independent Director