TORONTO, May 9, 2019 /CNW/ - Medical Facilities
Corporation (TSX: DR) ("Medical Facilities" or the "Corporation")
announced that the nominees listed in the management information
circular for the 2019 Annual General Meeting of Shareholders (the
"Meeting") held on May 9, 2019 in Toronto were elected as directors of the
Corporation.
Detailed results of the votes by proxy for the election of
directors held at the Meeting are set out below.
|
Nominee
|
Votes
For
|
% of Votes
For
|
Votes
Withheld
|
% of Votes
Withheld
|
|
David R.
Bellaire
|
9,132,882
|
98.91%
|
100,935
|
1.09%
|
|
Marilynne
Day-Linton
|
9,167,869
|
99.29%
|
65,948
|
0.71%
|
|
Stephen
Dineley
|
9,155,355
|
99.15%
|
78,462
|
0.85%
|
|
Erin S.
Enright
|
9,151,082
|
99.10%
|
82,735
|
0.90%
|
|
Robert O.
Horrar
|
9,159,950
|
99.20%
|
73,867
|
0.80%
|
|
Dale Lawr
|
9,005,008
|
97.52%
|
228,809
|
2.48%
|
|
Jeffrey C.
Lozon
|
8,905,429
|
96.44%
|
328,388
|
3.56%
|
|
Reza
Shahim
|
8,996,922
|
97.43%
|
236,895
|
2.57%
|
At the Meeting, the shareholders of the Corporation also
approved the re-appointment of KPMG LLP as auditors of the
Corporation and authorized the board of directors of the
Corporation (the "Board") to fix their remuneration, with 98.47% of
the votes in favour.
The Corporation is pleased to announce that independent director
Jeffrey C. Lozon was appointed as
Chair of the Board effective immediately following the Meeting to
replace Marilynne Day-Linton who has
stepped down as Chair of the Board.
The Corporation would also like to acknowledge Senator
Irving Gerstein who has retired from
the Board. Senator Gerstein has been on the Board since Medical
Facilities' inception in March 2004, and has been a valuable
and steady advisor to the Corporation since. Robert O. Horrar, President and Chief Executive
Officer, commented, "We are thankful to Senator Gerstein for his
contributions and guidance over the past years and wish him the
very best."
About Medical Facilities
Medical Facilities, in partnership with physicians, owns
surgical facilities in the United
States. Medical Facilities' portfolio includes controlling
interest in five specialty surgical hospitals located in
Arkansas, Indiana, Oklahoma, and South
Dakota, and an ambulatory surgery center located in
California. In addition, through a
partnership with NueHealth LLC, Medical Facilities owns controlling
interest in seven ambulatory surgery centers located in
Arkansas, Michigan, Missouri, Nebraska, Ohio, Oregon,
and Pennsylvania. The specialty
surgical hospitals perform scheduled surgical, imaging, diagnostic
and other procedures, including primary and urgent care, and derive
their revenue from the fees charged for the use of their
facilities. The ambulatory surgery centers specialize in outpatient
surgical procedures, with patient stays of less than 24 hours.
Medical Facilities is structured so that a majority of its free
cash flow from operations is distributed to the holders of its
common shares in the form of dividends. For more information,
please visit www.medicalfacilitiescorp.ca.
SOURCE Medical Facilities Corporation