SOURCE: Extendicare Inc.

Extendicare Inc.

May 27, 2016 19:05 ET

Extendicare Announces Voting Results From the 2016 Annual and Special Meeting of Shareholders

MARKHAM, ON--(Marketwired - May 27, 2016) - Extendicare Inc. ("Extendicare" or the "Company") (TSX: EXE) today announced the results of matters voted on at its annual and special shareholders' meeting held on May 26, 2016 (the "Meeting"), which included the election as directors of the Company, all of the nominees listed in its management information and proxy circular dated April 8, 2016 (the "Information Circular"). The voting results for each of the matters presented at the Meeting are presented below.

The total number of common shares represented by shareholders present in person or by proxy at the meeting was 39,143,562, representing 44.40% of the Company's outstanding common shares.

1. Election of Directors
On a vote by a show of hands, the election of the following nine nominees as directors of the Company to hold office until the next annual meeting of the Company, or until their respective successors are elected or appointed, was approved. Proxies were received on this matter as follows:

                 
Nominee   Votes For   %   Votes Withheld   %
Benjamin J. Hutzel   35,665,728   96.66   1,231,594   3.34
Margery O. Cunningham   36,391,088   98.63   506,234   1.37
Sandra L. Hanington   36,490,370   98.90   406,952   1.10
Alan R. Hibben   36,467,675   98.84   429,647   1.16
Donna E. Kingelin   36,588,393   99.16   308,929   0.84
Timothy L. Lukenda   36,618,264   99.24   279,058   0.76
Gail Paech   36,580,818   99.14   316,504   0.86
Alan D. Torrie   35,945,948   97.42   951,374   2.58
Frederic A. Waks   36,498,059   98.92   399,263   1.08
                 

2. Appointment of Auditors
On a vote by a show of hands, the appointment of KPMG LLP as the auditors of the Company until the next annual meeting of the Company to be held in the year 2017 was approved. Proxies were received on this matter as follows:

             
Votes For   %   Votes Withheld   %
37,056,425   94.96   1,967,079   5.04
             

3. Long Term Incentive Plan
On a vote conducted by ballot, the ordinary resolution to confirm the Company's Long Term Incentive Plan was approved. The results of the vote were as follows:

             
Votes For   %   Votes Against   %
34,995,692   94.85   1,901,631   5.15
             

4. Approach to Executive Compensation 
On a vote conducted by ballot, a non-binding advisory resolution to accept the Company's approach to executive compensation disclosed in the Company's Information Circular was approved. The results of the vote were as follows:

             
Votes For   %   Votes Against   %
34,956,863   94.74   1,940,459   5.26
             

ABOUT EXTENDICARE

Extendicare is a leading provider of care and services for seniors throughout Canada. Through our network of 118 operated senior care and living centres (64 owned/54 managed), as well as our home health care operations, we are committed to delivering care throughout the health care continuum to meet the needs of a growing seniors' population in Canada. Our qualified and highly trained workforce of 23,400 individuals is dedicated to helping people live better through a commitment to quality service and a passion for what we do.

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