News Releases
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Resolute Stockholders Vote in Favor of Each Proposal at Annual Meeting
MONTRÉAL, May 25, 2017 /CNW Telbec/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today held its annual meeting of stockholders in Cleveland, Tennessee. A total of 74,453,555 common shares, or 82.96% of the outstanding shares, were voted at the meeting. Shareholders voted in favor of each proposal, including the election of each director nominee and in favor of holding future advisory votes on executive compensation every year, by a substantial majority:
NOMINEES
FOR
AGAINST
ABSTAIN
NON-VOTES
# of shares
%
# of shares
%
# of shares
Randall C. Benson
62,110,741
99.49
320,310
0.51
7,547,176
4,475,328
Jennifer C. Dolan
62,168,661
99.58
262,656
0.42
7,546,910
4,475,328
Richard D. Falconer
62,230,236
99.68
201,284
0.32
7,546,707
4,475,328
Richard Garneau
62,136,680
99.52
298,748
0.48
7,542,799
4,475,328
Jeffrey A. Hearn
62,185,084
99.60
248,502
0.40
7,544,641
4,475,328
Bradley P. Martin
61,742,415
98.89
691,145
1.11
7,544,667
4,475,328
Alain Rhéaume
62,112,501
99.49
320,920
0.51
7,544,806
4,475,328
Michael S. Rousseau
60,638,050
97.12
1,795,148
2.88
7,545,029
4,475,328
The other proposals on which stockholders voted favorably included:
- The ratification of the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the 2017 fiscal year.
- An advisory vote to approve compensation of the company's named executive officers, as disclosed in the proxy statement.
- An advisory vote to hold the say-on-pay vote annually in the future.
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including market pulp, tissue, wood products, newsprint and specialty papers, which are marketed in over 70 countries. The company owns or operates some 40 manufacturing facilities, as well as power generation assets, in the United States and Canada. Resolute has third-party certified 100% of its managed woodlands to internationally recognized sustainable forest management standards. The shares of Resolute Forest Products trade under the stock symbol RFP on both the New York Stock Exchange and the Toronto Stock Exchange.
Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development, as well as for its business practices. Visit www.resolutefp.com for more information.
SOURCE Resolute Forest Products Inc.
For further information: Investors: Alain Bourdages, Vice President, Investor Relations, 514 394-2233, ir@resolutefp.com; Media and Others: Seth Kursman, Vice President, Corporate Communications, Sustainability and Government Affairs, 514 394-2398, seth.kursman@resolutefp.com