Héroux-Devtek Inc.
TSX : HRX

Héroux-Devtek Inc.

August 04, 2016 15:37 ET

Heroux-Devtek Announces the Election of its Directors

LONGUEUIL, QUÉBEC--(Marketwired - Aug. 4, 2016) - Héroux-Devtek Inc. (TSX:HRX), ("Héroux-Devtek" or the "Corporation"), a leading international manufacturer of aerospace products, announces that, at the annual meeting of shareholders of the Corporation held on August 4, 2016, each of the 8 nominees listed in the management proxy circular dated June 17, 2016 were elected as directors of the Corporation.

Based on the proxies received and the votes on a show of hands, the following individuals were elected as directors of the Corporation until the next annual shareholders' meeting or until their successors are elected or appointed. Accordingly, the voting results are set out below:

RESOLUTION No.1 Votes cast
FOR
% of votes cast
FOR
Votes cast
WITHHELD
% of votes cast WITHHELD
Name of Nominee
Nathalie Bourque 26,480,391 99.97 % 7,140 0.03 %
Paule Doré 26,480,861 99.97 % 6,670 0.03 %
Gilles Labbé 26,461,261 99.90 % 26,270 0.10 %
Louis Morin 26,480,461 99.97 % 7,070 0.03 %
James J. Morris 26,477,661 99.96 % 9,870 0.04 %
Réal Raymond 26,483,661 99.99 % 3,870 0.01 %
Brian A. Robbins 26,416,824 99.73 % 70,707 0.27 %
Andrew John Stevens 26,477,461 99.96 % 10,070 0.04 %

Furthermore, Ernst & Young LLP, Chartered Professional Accountants, were appointed as independent auditors of the Corporation for the ensuing year. As such, a report on the voting results was filed today with the Canadian securities regulatory authorities at www.sedar.com.

PROFILE

Héroux-Devtek Inc. (TSX:HRX) is an international company specializing in the design, development, manufacture and repair and overhaul of landing gear and actuation systems and components for the Aerospace market. The Corporation is the third largest landing gear company worldwide, supplying both the commercial and defence sectors of the Aerospace market with new landing gear systems and components, as well as aftermarket products and services. The Corporation also manufactures hydraulic systems, fluid filtration systems and electronic enclosures. Approximately 80% of the Corporation's sales are outside Canada, including about 55% in the United States. The Corporation's head office is located in Longueuil, Québec with facilities in the Greater Montreal area (Longueuil, Laval and St-Hubert); Kitchener, Cambridge and Toronto, Ontario; Springfield and Strongsville, Ohio; Wichita, Kansas; Everett, Washington; and Runcorn, Nottingham and Bolton, United Kingdom.

FORWARD-LOOKING STATEMENTS

Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Corporation. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Corporation's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.

Contact Information

  • Heroux-Devtek Inc.
    Gilles Labbe
    President and Chief Executive Officer
    (450) 679-3330

    MaisonBrison
    Martin Goulet, CFA
    (514) 731-0000