Logistec Corporation

Logistec Corporation

May 10, 2013 15:33 ET

Logistec Corporation Reports on Director Election Results

MONTRÉAL, QUÉBEC--(Marketwired - May 10, 2013) - Logistec Corporation (TSX:LGT.A)(TSX:LGT.B) has announced its director election results following its annual meeting of shareholders held yesterday.

Each of the nominees proposed as director in the management proxy circular dated March 21, 2013 was elected as director of Logistec Corporation on a vote by show of hands. In total, 3,434,342 Class A Common Shares (91.53 % of the class) and 1,642,900 Class B Subordinate Voting Shares (60.58 % of the class) were represented in person or by proxy at the meeting, representing 90.81 % of the voting rights attached to the shares issued and outstanding as of the record date of March 21, 2013. The proxies given to management as well as to appointees present at the meeting for the election of directors were as follows:

Directors Percentage of Votes
For Withheld
Madeleine Paquin 83.45% 16.55%
James C. Cherry 83.44% 16.56%
Serge Dubreuil 83.27% 16.73%
George Gugelmann 83.60% 16.40%
Nicole Paquin 83.45% 16.55%
George R. Jones 83.60% 16.40%
Rudy Mack 83.60% 16.40%
David M. Mann 83.44% 16.56%
Luc Sabbatini 83.57% 16.43%
Suzanne Paquin 83.45% 16.55%
John Springer 83.60% 16.40%

About Logistec

Logistec Corporation is based in Montréal (QC) and provides specialized services to the marine community and industrial companies in the areas of bulk, break-bulk and container cargo handling in 24 ports in Eastern Canada, the Great Lakes and the U.S. East Coast. Logistec also offers marine transportation services geared primarily to the Arctic coastal trade, short-line rail transportation services, as well as marine agency services to foreign shipowners and operators serving the Canadian market. Furthermore, the Company operates in the environmental sector where it provides services to industrial, municipal and other governmental customers for the trenchless structural rehabilitation of underground water mains, PCB management, site remediation, risk assessment, and woven-hose manufacturing.

The Company has been profitable and has paid regular dividends since becoming public and payments have grown steadily over the years. A public company since 1969, Logistec's shares are listed on the Toronto Stock Exchange under the ticker symbols LGT.A and LGT.B. More information can be obtained at the Company's website at www.logistec.com.

Contact Information

  • Jean-Claude Dugas CPA, CA
    Vice-President, Finance
    Logistec Corporation
    (514) 985-2345