Information Services Corporation

Information Services Corporation

May 17, 2017 13:54 ET

ISC Announces Results of Annual and Special Meeting of Shareholders

REGINA, SASKATCHEWAN--(Marketwired - May 17, 2017) - Information Services Corporation (TSX:ISV) ("ISC" or the "Company") today announced the voting results from its annual and special meeting of shareholders (the "Meeting") held on May 17, 2017 in Regina, Saskatchewan.

A total of 12,701,947 Class A Limited Voting Shares were represented at the Meeting, being 72.58 per cent of the Company's issued and outstanding Class A Limited Voting Shares. Shareholders voted in favour of all matters brought before the Meeting, including the appointment of Deloitte LLP as auditors for the ensuing year, the acceptance of the Company's amended and restated stock option plan and the election of its Board of Directors.

Director Voting

The following three members of the Board were appointed by the Lieutenant Governor In Council of the Province of Saskatchewan in lieu of Crown Investments Corporation of Saskatchewan (CIC) voting its shares on any resolution to elect directors, as provided for in The Information Services Corporation Act: Joel Teal, Thomas Christiansen and Douglas Allen Emsley.

Detailed results of the ballot vote for the election of the remaining six directors are provided in the table below:

Nominee Votes For % Votes For Withheld % Votes Withheld
Karyn A. Brooks 7,245,429 99.57 31,518 0.43
Anthony Robert Guglielmin 7,246,196 99.58 30,751 0.42
William Scott Musgrave 7,248,556 99.61 28,391 0.39
Michelle Ouellette, Q.C. 7,226,049 99.30 50,898 0.70
Iraj Pourian 7,228,989 99.34 47,958 0.66
Dion E. Tchorzewski 7,245,276 99.56 31,671 0.44

Amended and Restated Stock Option Plan

Detailed results of the ballot vote for the acceptance of the Company's amended and restated stock option plan are provided in the table below:

Resolution Votes for % Votes For Votes Against % Votes Against
Approval of the Company's amended and restated stock option plan. 7,895,816 62.17 4,805,131 37.83

The Company has filed a report of the results of resolutions voted on at the Meeting on

About ISC

Headquartered in Canada, ISC is the leading provider of registry and information management services for public data and records. Throughout our history we have delivered value to our clients by providing solutions to manage, secure and administer information through our registry and services segments. ISC is focused on sustaining its core business while pursuing new growth opportunities. The Class A Shares of ISC trade on the Toronto Stock Exchange under the symbol ISV.

Cautionary Note Regarding Forward-Looking Information

This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation, including management's expectations and certain assumptions with respect to our registry services, corporate services and information products industry, our competitive landscape, economic conditions in Canada (in particular, Saskatchewan, Ontario and Quebec) and internationally, real estate market in Saskatchewan, economic impact of energy and resource sectors, fluctuations in the Canadian dollar and other foreign currencies, seasonality, transaction volumes, statements regarding the future financial position or results of ISC, customer growth and diversification, dividend expectations, creation of shareholder value, growth opportunities, capital and operating expectations, real gross domestic product, changes that impact our registry services, such as changes in high-value property registrations, motor vehicle sales volume and the number of active business entities, consolidated EBITDA margin, income taxes, our ability to attract and retain skilled staff, the compensation and benefits that will be paid or provided to employees, our level of customer service and expected activity in the global registry market, as well as goodwill and intangibles are material factors in preparing forward-looking statements. In addition, the words "may", "will", "would", "should", "could", "expect", "plan", "intend", "trend", "indicate", "anticipate", "believe", "estimate", "predict", "project", "targets", "strive", "strategy", "continue", "likely" or "potential" or the negative or other variations of these words or other comparable words or phrases are intended to identify forward-looking statements. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. Although ISC believes the forward-looking information contained in this release is based upon reasonable assumptions, readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain and no assurance can be given that the expectations reflected in such information will prove to be correct.

Many factors and risks could cause our actual results to differ materially from those expressed or implied by forward-looking information including those detailed in ISC's Annual Information Form, dated March 14, 2017, ISC's Unaudited Consolidated Financial Statements and Notes and Management's Discussion and Analysis for the first quarter ended March 31, 2017, as well as other documents filed by ISC with Canadian securities regulators through SEDAR at from time to time. Investors and others should carefully consider the above-noted factors and risks and other uncertainties and potential events. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, ISC assumes no obligation to update or revise such information to reflect new events or circumstances.

Contact Information

  • Investor Contact
    Jonathan Hackshaw
    Director, Investor Relations & Corporate Communications