Press Release


Chartwell Retirement Residences announces the election of directors and other voting results

Company Release - 5/17/2019 10:43 AM ET

MISSISSAUGA, ON, May 17, 2019 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX:CSH.UN) announced that the nominees listed in the management information circular dated March 31, 2019 were elected as trustees of Chartwell, trustees of CSH Trust, and directors of Chartwell Master Care Corporation.  The detailed results of the vote (i) for the election of directors and trustees; (ii) for the reappointment of KPMG LLP as auditors of Chartwell; and (iii) on an advisory resolution on executive compensation, held at Chartwell's Annual Meeting on Thursday May 16, 2019 in Toronto, are set out below.

Each of the following three nominees proposed by management was elected as a trustee of Chartwell Retirement Residences (the "Chartwell Trustees") as follows:

Nominee

Votes For

Votes Withheld

Lise Bastarache

102,880,371

90.49%

10,811,729

9.51%

V. Ann Davis

113,577,086

99.90%

115,014

0.10%

Huw Thomas

113,570,604

99.89%

121,496

0.11%

 

As directed by unitholders of Chartwell, the Chartwell Trustees voted units of CSH Trust to elect the trustees of CSH Trust as follows:

Nominee

Votes For

Votes Withheld

Michael D. Harris

107,045,096

94.15%

6,647,004

5.85%

André R. Kuzmicki

110,547,831

97.23%

3,144,269

2.77%

Sharon Sallows

113,574,635

99.90%

117,465

0.10%

 

As directed by unitholders of Chartwell, the Chartwell Trustees caused the common shares of Chartwell Master Care Corporation (the "Corporation") to be voted to elect the directors of the Corporation as follows:

Nominee

Votes For

Votes Withheld

Lise Bastarache

101,971,153

89.69%

11,720,947

10.31%

W. Brent Binions

111,604,003

98.16%

2,088,097

1.84%

V. Ann Davis

113,575,049

99.90%

117,051

0.10%

Michael D. Harris

106,320,303

93.52%

7,371,797

6.48%

André R. Kuzmicki

110,545,235

97.23%

3,146,865

2.77%

Sharon Sallows

113,532,898

99.86%

159,202

0.14%

James Scarlett

113,590,267

99.91%

101,833

0.09%

Huw Thomas

113,532,242

99.86%

159,858

0.14%

 

Chartwell's final voting results on other matters voted on at the Annual General Meeting of Unitholders are as follows:

Reappointment of KPMG LLP as Auditors of Chartwell:


Votes For

Votes Withheld

Reappointment of KPMG LLP

111,847,608

98.38%

1,842,930

1.62%

 

Advisory Resolution on Executive Compensation:


Votes For

Votes Against

Advisory Resolution on Executive Compensation

100,130,598

88.07%

13,560,102

11.93%

 

Final voting results on all matters voted on at the Annual Meeting of Shareholders held on May 16, 2019 will also be published on www.sedar.com.

ABOUT CHARTWELL
Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces. Chartwell is committed to its vision of Making People's Lives BETTER and to providing a happier, healthier and more fulfilling life experience for its residents. For more information, visit www.chartwell.com.

SOURCE Chartwell Retirement Residences

Chartwell Retirement Residences: Vlad Volodarski, Chief Financial Officer and Chief Investment Officer, tel: (905) 501-4709, email: vvolodarski@chartwell.com

Copyright 2019, © S&P Global Market Intelligence  Terms of Use