Election of Directors
The seven (7) nominees set forth in the Circular were elected as Directors of the Company to hold office until the next Annual Meeting of Shareholders or until their successors are elected or appointed. The results of the vote were as follows:
For | Withheld / Abstain | |||
Votes | % | Votes | % | |
34,402,367 | 99.99 | 3,200 | 0.01 | |
34,402,367 | 99.99 | 3,200 | 0.01 | |
34,392,342 | 99.96 | 13,225 | 0.04 | |
34,392,267 | 99.96 | 13,300 | 0.04 | |
34,392,267 | 99.96 | 13,300 | 0.04 | |
34,402,367 | 99.99 | 3,200 | 0.01 | |
34,377,267 | 99.92 | 28,300 | 0.08 |
Appointment of Auditors
PricewaterhouseCoopers LLP was appointed as auditor of the Company to hold office until the next Annual Meeting of Shareholders, and the Board of Directors was authorized to fix the auditor's remuneration. The results of the vote were as follows:
Appointment of Auditors | For | Withheld / Abstain | ||
Votes | % | Votes | % | |
34,437,311 | 99.99 | 3,200 | 0.01 |
Equity Incentive Plan
The Equity Incentive Plan, as more particularly described in the Circular was approved. The purpose of this Plan is to allow for certain discretionary bonuses and similar awards as an incentive and reward for selected Eligible Participants related to the achievement of long-term financial and strategic objectives of the Corporation and the resulting increases in shareholder value. This Plan is intended to promote a greater alignment of interests between the shareholders of the Corporation and the selected Eligible Persons by providing an opportunity to acquire Shares as long-term investments and proprietary interests in the Corporation. The results of the vote were as follows:
Approval of Equity | For | Against | ||
Votes | % | Votes | % | |
12,947,437 | 99 | 130,969 | 1 |
About
Forward Looking Statements
This press release contains forward-looking statements about Valeo's objectives, strategies and businesses that involve risks and uncertainties. These statements are "forward-looking" because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE
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