VersaBank Announces Results of 2020 Meeting of Shareholders Including Election of Art Linton to Board of Directors

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Apr 23, 2020 07:30 am
LONDON, Ontario -- 

VersaBank (the “Bank”) is pleased to announce that Art Linton was elected to its Board of Directors (the “Board”) at the Annual Meeting of Shareholders (the “Meeting”) held on April 22, 2020. Mr. Linton brings to the Board a wealth of knowledge and experience in business, law, cyber security and other banking subject areas.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200423005196/en/

Mr. Linton is a lawyer with over 30 years business experience. He is an advisor to businesses in Canada and abroad. His extensive experience as an entrepreneur and corporate leader will make a valuable contribution to the Board. Mr. Linton is a graduate of the Osgoode Hall Law School.

As recently announced, Avery Pennarun has become a director for DRT Cyber Inc., a subsidiary of the Bank, and did not seek re-election at the Meeting. Mr. Pennarun served on the VersaBank Board for four years and has made a significant contribution to the Bank’s success. He will continue to advise the VersaBank Board on information technology matters.

David Taylor, President & CEO of VersaBank stated: “I want to thank Avery Pennarun for his dedicated service to the Board and look forward to continuing our association with him as a member of the DRT Cyber Inc. Board. I am very pleased Mr. Linton has agreed to stand for election to our Board. Mr. Linton’s extensive experience as an entrepreneur and corporate leader will benefit our Board.”

VersaBank is pleased to announce that each of the director nominees listed in its Management Information Circular dated February 28, 2020, were elected as directors of the Bank. The detailed results of the vote are as follows, with percentages rounded to two decimal places:

 

Director

 

Number of Votes

Cast

Percentage of Votes

Cast

Robbert-Jan Brabander

In Favour:

12,964,775

99.70

%

 

Withheld:

38,779

0.30

%

Gabrielle Bochynek

In Favour:

12,738,232

97.96

%

 

Withheld:

265,322

2.04

%

David A. Bratton

In Favour:

12,882,224

99.07

%

 

Withheld:

121,330

0.93

%

Richard W. Carter

In Favour:

12,964,775

99.70

%

 

Withheld:

38,779

0.30

%

The Honourable Thomas A. Hockin

In Favour:

12,886,042

99.10

%

 

Withheld:

117,512

0.90

%

Art Linton

In Favour:

12,965,216

99.71

%

 

Withheld:

38,338

0.29

%

Colin E. Litton

In Favour:

12,960,175

99.67

%

 

Withheld:

43,379

0.33

%

Susan T. McGovern

In Favour:

12,934,066

99.47

%

 

Withheld:

69,488

0.53

%

Paul G. Oliver

In Favour:

12,965,027

99.70

%

 

Withheld:

38,527

0.30

%

David R. Taylor

In Favour:

12,967,775

99.72

%

 

Withheld:

35,779

0.28

%

The Shareholders also approved the re-appointment of KPMG LLP as auditors of the Bank.

VersaBank’s Voting Results with respect to all matters voted upon at the Meeting will be filed on SEDAR at www.sedar.com.

ABOUT VERSABANK

VersaBank adopted an electronic B2B branchless model in 1993, becoming the world’s first branchless financial institution. It holds a Canadian Schedule I chartered bank license and obtains its deposits, and the majority of its loans and leases, electronically. VersaBank’s Common Shares trade on the Toronto Stock Exchange under the symbol VB and its Series 1 Preferred Shares and Series 3 Preferred Shares trade under the symbols VB.PR.A and VB.PR.B, respectively.

Wade MacBain, Investor Relations, 1 (800) 244-1509, [email protected]

VersaBank website: www.versabank.com

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