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Akumin Inc. Announces Results of its Special Meeting of Shareholders

Akumin Inc. (NASDAQ: AKU) held a special meeting on November 23, 2021, with 69.75% of shares represented.

(Moderate)

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Rhea-AI Summary

Akumin Inc. (NASDAQ: AKU) held a special meeting on November 23, 2021, with 69.75% of shares represented. The meeting's purpose was to elect three directors to its board following the acquisition of Alliance HealthCare Services. The nominees, Rhonda Longmore-Grund, Paul Viviano, and James Wyper, received overwhelming support, each securing over 99.95% of votes in favor. This board expansion to nine members aims to strengthen governance and oversight as Akumin enhances its position as a national partner for hospitals and health systems.

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Positive

  • Election of three directors with 99.95% support enhances board governance.
  • Strategic board expansion to nine members following Alliance acquisition.

Negative

  • None.
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PLANTATION, Fla., Nov. 23, 2021 /PRNewswire/ - Akumin Inc. (NASDAQ: AKU) (TSX: AKU) ("Akumin" or the "Corporation") today held a special meeting of its shareholders on a virtual meeting platform.  A total of 62,092,201 shares, representing 69.75% of shares outstanding, were represented at the meeting in person or by proxy.

The meeting was held to elect the three nominee directors to Akumin's board of directors, to hold office until the next annual meeting of shareholders unless the director resigns or his or her office becomes vacated by reason of death or other cause before the annual meeting.  Upon its previously announced acquisition of Alliance HealthCare Services, Inc., Akumin's board of directors increased the size of the board to 9 members.  The purpose of the special meeting was to elect three directors to fill the vacancies created by the increase in the size of the board, as more particularly described in the management information circular dated October 18, 2021.

The results of the director elections conducted at the meeting were as follows:

Nominee

Votes For
# (%)

Votes Withheld
# (%)

Not Voted
#

Rhonda Longmore-Grund

62,063,806 (99.95)

29,450 (0.05)

26,933,741

Paul Viviano

62,063,806 (99.95)

29,450 (0.05)

26,933,741

James Wyper

62,058,815 (99.95)

34,441 (0.06)

26,933,741

About Akumin

Akumin is a national partner of choice for U.S. hospitals, health systems and physician groups, with comprehensive solutions addressing outsourced radiology and oncology service line needs. With the acquisition of Alliance HealthCare Services, Akumin now provides (1) freestanding, fixed-site outpatient diagnostic imaging services through a network of more than 170 owned and/or operated independent imaging centers located in 11 states; and (2) outpatient radiology and oncology solutions to more than 1,000 hospitals and health systems in 46 states. By combining clinical and operational expertise with the latest advances in technology and information systems, Akumin and its ~4,000 Team Members facilitate more efficient and effective diagnosis and treatment for patients and their providers in 46 states. Akumin's imaging procedures include MRI, CT, positron emission tomography (PET and PET/CT), ultrasound, diagnostic radiology (X-ray), mammography, and other interventional procedures; our cancer care services include a full suite of radiation therapy and related offerings. For more information, visit www.akumin.com and www.alliancehealthcareservices-us.com.

Cision View original content:https://www.prnewswire.com/news-releases/akumin-inc-announces-results-of-its-special-meeting-of-shareholders-301431245.html

SOURCE Akumin Inc.

FAQ

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What were the results of Akumin's special meeting on November 23, 2021?

The results showed overwhelming approval for the election of three directors, each receiving over 99.95% of votes in favor.

Who were the nominees elected to Akumin's board during the special meeting?

The elected nominees were Rhonda Longmore-Grund, Paul Viviano, and James Wyper.

Why did Akumin hold a special meeting in November 2021?

The special meeting was held to elect new directors following the company's acquisition of Alliance HealthCare Services.

What percentage of shares were represented at Akumin's special meeting?

A total of 69.75% of shares outstanding were represented at the meeting.

How many members are now on Akumin's board after the special meeting?

The board has been expanded to nine members following the election.

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