TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Superior Plus Corp. ("Superior" or the "Corporation") (TSX:SPB) held its annual meeting of shareholders on April 28, 2016 in Toronto (the "Meeting"). Pursuant to the requirements of the Toronto Stock Exchange, Superior is issuing this news release to summarize the voting results in respect of the Meeting.
A total of 84,970,246 common shares ("Common Shares") of the Corporation, representing approximately 60.22% of Common Shares, were represented in person or by proxy at the Meeting.
The ten director nominees proposed by management were elected by ballot at the Meeting. Proxies and in person votes were received as follows:
| Nominee | Votes For | Votes Withheld | ||||||
| Number | Percentage | Number | Percentage | |||||
| Catherine (Kay) M. Best | 74,946,013 | 88.64% | 9,607,538 | 11.36% | ||||
| Eugene V.N. Bissell | 83,211,366 | 98.41% | 1,342,185 | 1.59% | ||||
| Richard Bradeen | 83,233,878 | 98.44% | 1,319,673 | 1.56% | ||||
| Luc Desjardins | 84,265,503 | 99.66% | 288,048 | 0.34% | ||||
| Robert J. Engbloom | 78,574,160 | 92.93% | 5,979,391 | 7.07% | ||||
| Randall J. Findlay | 83,072,802 | 98.25% | 1,480,749 | 1.75% | ||||
| Mary Jordan | 83,160,520 | 98.35% | 1,393,031 | 1.65% | ||||
| Walentin (Val) Mirosh | 83,369,308 | 98.60% | 1,184,243 | 1.40% | ||||
| Douglas Harrison | 83,158,706 | 98.35% | 1,394,845 | 1.65% | ||||
| David P. Smith | 80,864,101 | 95.64% | 3,689,450 | 4.36% | ||||
Shareholders also approved a non-binding advisory vote regarding the Corporation's approach to executive compensation by a margin of 93.89% of the Common Shares voted in person or by proxy at the Meeting. In addition, Shareholders approved a resolution appointing Deloitte LLP as the Corporation's auditors by a margin of 88.13% of the Common Shares, voted in person or by proxy at the Meeting.
About the Corporation
Superior consists of three primary operating businesses: Energy Distribution includes the distribution of propane and distillates, and supply portfolio management; Specialty Chemicals includes the manufacture and sale of specialty chemicals; and Construction Products Distribution includes the distribution of specialty construction products.
For further information about Superior, please visit our website at: www.superiorplus.com.
Contact Information:
Beth Summers
Vice-President and Chief Financial Officer
(416) 340-6015
(416) 340-6030 (FAX)
bsummers@superiorplus.com
Superior Plus Corp.
Rob Dorran
Vice-President, Investor Relations and Treasurer
(416) 340-6003 or Toll Free: 1-866-490-PLUS (7587)
(416) 340-6030 (FAX)
rdorran@superiorplus.com
www.superiorplus.com