AlarmForce Industries Inc.

TSX : AF


AlarmForce Industries Inc.

April 21, 2014 17:13 ET

AlarmForce Announces Election of Directors

TORONTO, ONTARIO--(Marketwired - April 21, 2014) - AlarmForce Industries Inc. (TSX:AF) (the "Company") is pleased to announce that all of the management nominees listed in the Company's information circular dated March 10, 2014 (the "Circular") were elected as directors of the Company at its annual and special meeting of shareholders held on April 17, 2014 (the "Meeting"). Two dissident nominees, Mr. Joel Matlin and Mr. Adam Matlin, were not elected. The voting in relation to the election of directors was conducted by way of ballot at the Meeting and following is the results of such ballot:

Nominee Shares Voted For Shares Withheld Shares Not Voted
Anthony Pizzonia 7,324,638 253,540 443,101
Pavel Begun 7,324,838 253,340 443,101
Tobias Behrenwaldt 7,559,678 18,500 443,101
Michael A. Brennan 7,295,611 282,567 443,101
Alain Cote 7,296,311 281,867 443,101
Richard Peddie 7,110,675 467,503 443,101
N. Peter Silverberg 7,324,838 253,340 443,101
Joel Matlin 16,600 7,511,578 443,101
Adam Matlin 66,100 7,512,078 443,101

In addition, the Company reports that the shareholders voted against the re-confirmation of the 2013 Shareholder Rights Plan and the board of directors of the Company terminated the 2013 Shareholder Rights Plan immediately following the meeting. Also, the shareholders voted in favour of two of the four shareholder proposals, one concerning amending the executive compensation practices of the Company and the other adopting a claw-back policy with respect to management compensation, as more fully described in the Circular. The two other shareholder proposals, as more fully described in the Circular, were defeated by a majority of the votes represented at the Meeting. Finally, the shareholders voted to re-appoint SF Partnership LLP, Chartered Accountants, as the auditors of the Company.

About AlarmForce

AlarmForce provides security alarm monitoring, personal emergency response monitoring, video surveillance and related services to residential and commercial subscribers throughout Canada and the United States. More information about the Company's products and services can be found at www.alarmforce.com.

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