Intertape Polymer Group Inc.
TSX : ITP

Intertape Polymer Group Inc.

June 04, 2015 14:30 ET

Intertape Polymer Group Announces Results of the Annual and Special Meeting of Shareholders

Appoints George J. Bunze as new Chairman of the Board

MONTREAL, QUEBEC and SARASOTA, FLORIDA--(Marketwired - June 4, 2015) - Intertape Polymer Group Inc. (TSX:ITP) (the "Company") is pleased to announce that all eight nominees listed in its management information circular dated April 21, 2015 were elected as Directors of the Company at its annual and special meeting of shareholders (the "Meeting") held today in Toronto. Following the Meeting, Mr. George J. Bunze, who has served on the Company's Board of Directors since 2007, was appointed as the new Chairman of the Board.

"Mr. Bunze has contributed significantly to the Company's strategic vision, and we look forward to his continued innovative guidance on the Company's growth strategy," said Greg Yull, President and CEO. "The Company also extends its sincere appreciation to former Chairman Eric Baker, who did not seek re-election at the Meeting. During his tenure of more than 20 years, Mr. Baker's counsel and foresight were indispensable factors contributing to the Company's turnaround and success. We owe him a great deal for the Company's many achievements as a result of his dedicated support and guidance. Mr. Baker's insight will be deeply missed," concluded Mr. Yull.

At the Meeting, a ballot was held for the election of Directors. Based on proxies received prior to the Meeting and ballots cast, the eight Directors were elected with the following results:

Nominees Votes For Votes Withheld
Robert M. Beil 45,405,116 94.71 % 2,536,478 5.29 %
George J. Bunze 46,206,713 96.38 % 1,734,881 3.62 %
Frank Di Tomaso 47,885,889 99.88 % 55,705 0.12 %
Robert J. Foster 47,195,338 98.44 % 746,256 1.56 %
James Pantelidis 47,664,648 99.38 % 296,946 0.62 %
Jorge N. Quintas 47,189,541 98.44 % 746,053 1.56 %
Gregory A. C. Yull 47,879,846 99.87 % 61,748 0.13 %
Melbourne F. Yull 47,878,135 99.87 % 63,459 0.13 %

The biographies of Directors and further details about the Company's corporate governance practices are available at www.itape.com.

At the Meeting, Raymond Chabot Grant Thornton LLP was re-appointed as auditor of the Company.

In addition, shareholders approved a resolution ratifying, confirming and approving all unallocated stock options under the Corporation's Executive Stock Option Plan, as set out in the Company's management information circular dated April 21, 2015.

About Intertape Polymer Group Inc.

Intertape Polymer Group Inc. is a recognized leader in the development, manufacture and sale of a variety of paper and film based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin films, woven coated fabrics and complementary packaging systems for industrial and retail use. Headquartered in Montreal, Quebec and Sarasota, Florida, the Company employs approximately 1,950 employees with operations in 16 locations, including 11 manufacturing facilities in North America and one in Europe.

Contact Information

  • MaisonBrison Communications
    Pierre Boucher
    514-731-0000