Brookfield Asset Management Announces Results of Annual Meeting of Shareholders
Rhea-AI Summary
Brookfield Asset Management (NYSE: BAM, TSX: BAM) announced the successful election of its board of directors during its annual shareholders' meeting on June 7, 2024. The virtual meeting saw all six nominees for both the Class A and Class B Voting Shares elected. Class A shareholders overwhelmingly supported their nominees with votes ranging from 93.18% to 99.85% in favor. Class B shareholders provided unanimous support, with 100% of votes cast for each nominee. Detailed voting results are available on SEDAR+.
Positive
- All six director nominees for Class A Shares received high support, with votes ranging from 93.18% to 99.85%.
- Class B Shareholders voted 100% in favor of all six director nominees.
- The annual meeting was conducted successfully in a virtual format, ensuring participation despite potential physical attendance challenges.
Negative
- None of the director nominees faced significant opposition, but detailed financial implications or strategic directions from the new board were not provided.
News Market Reaction – BAM
In the trading session that priced this news, BAM gained 0.05%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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BROOKFIELD, NEWS, June 07, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) today announced that all six nominees proposed for election to the board of directors by holders of Class A Limited Voting Shares (“Class A Shares”) and all six nominees proposed for election to the board of directors by the holder of Class B Limited Voting Shares (“Class B Shares”) were elected at the company’s annual meeting of shareholders held on June 7, 2024 in a virtual meeting format. Detailed results of the vote for the election of directors are set out below.
Management received the following proxies from holders of Class A Shares in regard to the election of the six directors nominated by this shareholder class:
| Director Nominee | Votes For | % | Votes Withheld | % |
| Marcel R. Coutu | 303,708,857 | 98.23 | 5,472,667 | 1.77 |
| Oliva (Liv) Garfield | 288,094,494 | 93.18 | 21,087,030 | 6.82 |
| Nili Gilbert | 307,246,251 | 99.37 | 1,935,273 | 0.63 |
| Allison Kirkby | 308,722,149 | 99.85 | 459,375 | 0.15 |
| Diana Noble | 307,294,268 | 99.39 | 1,887,256 | 0.61 |
| Satish Rai | 307,201,140 | 99.36 | 1,980,384 | 0.64 |
Management received a proxy from the holder of Class B Shares to vote all 21,280 Class B Shares for each of the six directors nominated by this shareholder class:
| Director Nominee | Votes For % |
| Mark Carney | 100.0 |
| Bruce Flatt | 100.0 |
| Brian W. Kingston | 100.0 |
| Keith Johnson | 100.0 |
| Cyrus Madon | 100.0 |
| Samuel J.B. Pollock | 100.0 |
A summary of all votes cast by holders of the Class A and Class B Shares represented at the company’s annual meeting of shareholders is available on SEDAR+ at www.sedarplus.ca.
About Brookfield Asset Management
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with over
For more information, please visit our website at bam.brookfield.com or contact:
| Media: Kerrie McHugh Hayes Tel: (212) 618-3469 Email: kerrie.mchugh@brookfield.com | Investor Relations: Jason Fooks Tel: (866) 989-0311 Email: jason.fooks@brookfield.com |
