Linamar Corporation Announces Voting Results from Annual General Meeting
GUELPH, ON, May 27, 2020 /CNW/ - Linamar Corporation (TSX: LNR) today announced detailed results of the votes cast for two motions held during the Annual General Meeting of the Company on Wednesday, May 27, 2020 in Guelph, Ontario, as set out below.
Election of Directors
The following nominees, as listed in the management proxy circular, for the 2020 Annual Meeting of Shareholders were elected as directors of Linamar Corporation.
Nominees | Votes For | % For | Votes Withheld | % Withheld |
Frank Hasenfratz | 36,059,524 | 72.02% | 14,012,510 | 27.98% |
Linda Hasenfratz | 30,961,554 | 61.83% | 19,110,480 | 38.17% |
Mark Stoddart | 30,887,611 | 61.69% | 19,184,423 | 38.31% |
Terry Reidel | 40,642,409 | 81.17% | 9,429,625 | 18.83% |
Lisa Fowell | 43,716,250 | 87.31% | 6,355,784 | 12.69% |
Dennis Grimm | 41,369,342 | 82.62% | 8,702,692 | 17.38% |
Appointment of Auditors
The shareholders were asked to re-appoint PricewaterhouseCoopers LLP as the auditors of the Corporation.
Votes For | % For | Votes Withheld | % Withheld | |
Appointment of PricewaterhouseCoopers LLP | 48,713,742 | 97.29% | 1,357,789 | 2.71% |
Linamar Corporation (TSX: LNR) is an advanced manufacturing company where the intersection of leading edge technology and deep manufacturing expertise is creating solutions that power vehicles, motion, work and lives for the future. The Company is made up of 2 operating segments – the Industrial segment and the Transportation segment, which are further divided into 5 operating groups – Skyjack, Agriculture, Machining & Assembly, Light Metal Casting and Forging, all world leaders in the design, development and production of highly engineered products. The Company's Skyjack and MacDon companies are noted for their innovative, high quality mobile industrial and harvesting equipment, notably class-leading aerial work platforms, telehandlers, draper headers and self-propelled windrowers. The Company's Machining & Assembly, Light Metal Casting and Forging operating groups focus on precision metallic components, modules and systems for driveline, body and powertrain systems designed for global electrified and traditionally powered vehicle and industrial markets. Linamar has 27,000 employees in 61 manufacturing locations, 11 R&D centres and 25 sales offices in 17 countries in North and South America, Europe and Asia which generated sales of $7.4 billion in 2019. For more information about Linamar Corporation and its industry leading products and services, visit www.linamar.com or follow us on Twitter at @LinamarCorp
SOURCE Linamar Corporation
