Toromont Announces Election of Board of Directors

Friday, April 28, 2017

TORONTO, ONTARIO -- (Marketwired) -- 04/28/17 -- Toromont Industries Ltd. (TSX:TIH) ('Toromont') is pleased to announce that all the nominees listed in its Management Information Circular dated February 28, 2017 were elected as directors of Toromont, until the next annual meeting of shareholders. The detailed results of the vote held Thursday, April 27, 2017 are set out below.

Election of Directors

On a vote by ballot, each of the following ten nominees proposed by management was elected as a director of Toromont:

Nominee Total Votes
For
Percentage of Votes In Favour Total Votes
Withheld
Percentage of Votes
Withheld
1. Jeffrey S. Chisholm 58,375,987 98.55% 860,572 1.45%
2. Cathryn E. Cranston 58,471,639 98.71% 764,920 1.29%
3. Robert M. Franklin 58,327,390 98.47% 909,169 1.53%
4. David A. Galloway 58,249,246 98.33% 987,313 1.67%
5. James W. Gill 59,143,103 99.84% 93,456 0.16%
6. Wayne S. Hill 58,501,360 98.76% 735,199 1.24%
7. John S. McCallum 56,764,582 95.83% 2,471,977 4.17%
8. Scott J. Medhurst 59,165,143 99.88% 71,416 0.12%
9. Robert M. Ogilvie 58,119,429 98.11% 1,117,130 1.89%
10. Katherine A. Rethy 57,746,023 97.48% 1,490,536 2.52%

About Toromont

Toromont Industries Ltd. operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory in addition to industry leading rental operations and a growing agricultural equipment business. CIMCO is a market leader in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems. Both segments offer comprehensive product support capabilities. This press release and more information about Toromont Industries can be found at www.toromont.com.

Toromont Industries Ltd.Paul R. Jewer
Executive Vice President and Chief Financial Officer
(416) 667-5638

Source: Toromont Industries Ltd.

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Toromont Industries Ltd. published this content on 28 April 2017 and is solely responsible for the information contained herein.
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Original documenthttp://www.toromont.com/newsdetails.asp?ReleaseID=1023608

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