Capstone Infrastructure Corporation Announces Election of Directors
June 18 2014 - 1:24PM
Marketwired
Capstone Infrastructure Corporation Announces Election of Directors
TORONTO, ONTARIO--(Marketwired - Jun 18, 2014) - On June 17,
2014, Capstone Infrastructure Corporation ("Capstone")
(TSX:CSE)(TSX:CSE.DB.A)(TSX:CSE.PR.A)(TSX:CPW.DB) held its annual
general meeting of shareholders (the "Meeting").
At the Meeting, the following seven individuals nominated to
serve as directors of Capstone were elected by show of hands.
Proxies were received as follows:
|
DIRECTOR |
FOR |
WITHHELD |
|
Michael Bernstein |
24,219,960 |
(84.6%) |
4,399,124 |
(15.4%) |
|
Richard Knowles |
24,222,547 |
(84.6%) |
4,396,537 |
(15.4%) |
|
Goran Mornhed |
24,128,221 |
(84.3%) |
4,490,863 |
(15.7%) |
|
Jerry Patava |
24,295,156 |
(84.9%) |
4,323,928 |
(15.1%) |
|
François R. Roy |
24,210,292 |
(84.6%) |
4,408,792 |
(15.4%) |
| V.
James Sardo |
24,123,330 |
(84.3%) |
4,495,754 |
(15.7%) |
|
Janet Woodruff |
24,135,307 |
(84.3%) |
4,483,777 |
(15.7%) |
|
|
|
|
|
|
All other matters considered at the Meeting, including the
ratification and approval of Capstone's adoption of an advance
notice policy regarding director nominations, were approved by a
show of hands.
"On behalf of the Board of Directors, I would like to thank the
many shareholders who voted in person or by proxy at our annual
meeting," said Mr. V. James Sardo, Chairman of the Board of
Directors. "We are also delighted by the vote of confidence in the
Board and management that they have shown by overwhelmingly
re-electing all directors."
"The atypical number of withhold votes this year is attributable
to a non-discretionary voting policy implemented by an
institutional shareholder," continued Mr. Sardo. "This policy
relates to diversity metrics that are outside of industry
standards. The Board of Directors is committed to diversity and
seeks candidates from diverse backgrounds with the objective of
achieving and maintaining the best mix of skills and experience,
including gender and other traits, to provide for overall
stewardship of the company in accordance with Canadian regulatory
requirements and best practices."
For more information, please refer to the Report of Voting
Results filed under Capstone's profile on SEDAR
(www.sedar.com).
About Capstone
Infrastructure Corporation
Capstone's mission is to provide investors with an attractive
total return from responsibly managed long-term investments in core
infrastructure in Canada and internationally. The company's
strategy is to develop, acquire and manage a portfolio of high
quality utilities, power and transportation businesses, and
public-private partnerships that operate in a regulated or
contractually-defined environment and generate stable cash flow.
Capstone currently has investments in utilities businesses in
Europe and owns, operates and develops thermal and renewable power
generation facilities in Canada with a total installed capacity of
net 439 megawatts. Please visit www.capstoneinfrastructure.com for
more information.
Capstone Infrastructure CorporationAaron BolesVice President,
Communications and Investor
Relations416-649-1325aboles@capstoneinfra.com
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