Tree Island Announces 2018 Annual Meeting Results and Election of Directors
VANCOUVER, British Columbia, May 04, 2018 (GLOBE NEWSWIRE) -- Tree Island Steel Ltd. (“Tree Island” or the “Company”) (TSX:TSL) announced that all matters put forward for consideration at its 2018 Annual General Meeting of Shareholders (the “Meeting”) received requisite shareholder approval. Results of the voting for the director elections at the Meeting are described below, and additional information regarding the full results of all matters voted on at the Meeting may be found in the Company’s filing on SEDAR.
Board of Directors
All nominees listed in the management proxy circular for the Meeting were elected as directors of Tree Island. The eight director nominees proposed by management were elected by a show of hands. Detailed results of the votes received by proxy for the election of directors held at the Meeting are set out below:
| Description of Matter Voted Upon | Outcome of Vote | ||||||||||||||
| Votes For | % | Votes Withheld | % | ||||||||||||
| 1 | An ordinary resolution to elect those nominees described in the Circular to serve as directors of the Company: | ||||||||||||||
| Amar Doman | 9,752,693 | 98.90% | 108,592 | 1.10% | |||||||||||
| Sam Fleiser | 9,811,393 | 99.49% | 49,842 | 0.51% | |||||||||||
| Michael Fitch | 9,758,593 | 98.96% | 102,692 | 1.04% | |||||||||||
| Peter Bull | 9,811,343 | 99.49% | 49,942 | 0.51% | |||||||||||
| Harry Rosenfeld | 9,758,093 | 98.95% | 103,192 | 1.05% | |||||||||||
| Ted Leja | 9,812,543 | 99.51% | 48,742 | 0.49% | |||||||||||
| Joe Downes | 9,800,116 | 99.38% | 61,169 | 0.62% | |||||||||||
| Dale MacLean | 9,811,793 | 99.50% | 49,492 | 0.50% | |||||||||||
| 2 | An ordinary resolution to appoint Ernst & Young LLP as auditors of the company for the ensuring year and authorizing the directors to fix their remuneration. | 9,976,135 | 99.46% | 53,952 | 0.54% | ||||||||||
| The sum of individual percentages may not equal 100% due to rounding. | |||||||||||||||
About Tree Island Steel
Tree Island Steel, headquartered in Richmond, British Columbia, since 1964, through its four operating facilities in Canada and the United States, produces wire products for a diverse range of industrial, residential construction, commercial construction and agricultural applications. Its products include galvanized wire, bright wire; a broad array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other fabricated wire products. The Company markets these products under the Tree Island®, Halsteel®, K-Lath®, TI Wire® and Tough Strand® brand names.
For more information, please contact:
Ali Mahdavi
Investor Relations & Capital Markets
(416) 962-3300
email: [email protected]
Website: www.treeisland.com
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