Brookfield Business Corporation Announces Results of Annual Meeting of Shareholders
Brookfield Business (BBUC) announced that all ten nominees for the board of directors were elected during the annual general meeting held on June 20, 2024.
Sentiment and the balance of points
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Rhea-AI Summary
Brookfield Business (BBUC) announced that all ten nominees for the board of directors were elected during the annual general meeting held on June 20, 2024. The virtual meeting saw a strong shareholder turn-out, with Exchangeable Shares holding 25% and Class B Shares holding 75% of the voting interest. Detailed voting results showed an overwhelming support for the nominees, including Cyrus Madon and Patricia Zuccotti, who received nearly unanimous votes. Brookfield Business Partners, a subsidiary of Brookfield Asset Management, focuses on high-quality business services and industrials globally. Voting details are available on SEDAR+.
Positive
- All ten board of director nominees were successfully elected.
- Strong shareholder participation with a clear majority vote for each nominee.
- Nominees received overwhelmingly positive votes, with some achieving nearly 100% support.
Negative
- None.
Details
News Market Reaction – BBUC
The recorded move for BBUC in the trading session of this news was -1.97%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BROOKFIELD, NEWS, June 20, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Corporation (the “Corporation”) (NYSE, TSX: BBUC) today announced that all ten nominees proposed for election to the board of directors of the Corporation by holders of class A exchangeable subordinate voting shares (“Exchangeable Shares”) and holders of class B multiple voting shares (“Class B Shares”) were elected at the Corporation’s annual general meeting of shareholders held on June 20, 2024 in a virtual meeting format. Detailed results of the vote for the election of directors are set out below.
In accordance with the Corporation’s articles, each Exchangeable Share was entitled to one vote per share, representing a
The following is a summary of the votes cast by holders of Exchangeable Shares and Class B Shares, voting together as a single class, in regard to the election of the ten directors:
| Director Nominee | Votes For | % | Votes Withheld | % | ||
| Cyrus Madon | 287,216,951 | 99.91 | 248,837 | 0.09 | ||
| Jeffrey Blidner | 281,259,898 | 97.84 | 6,205,890 | 2.16 | ||
| David Court | 286,943,397 | 99.82 | 522,391 | 0.18 | ||
| Stephen Girsky | 286,512,904 | 99.67 | 952,884 | 0.33 | ||
| David Hamill | 286,799,529 | 99.77 | 666,259 | 0.23 | ||
| Anne Ruth Herkes | 286,943,804 | 99.82 | 521,984 | 0.18 | ||
| John Lacey | 282,305,090 | 98.20 | 5,160,698 | 1.80 | ||
| Don Mackenzie | 287,436,929 | 99.99 | 28,859 | 0.01 | ||
| Michael Warren | 287,436,883 | 99.99 | 28,905 | 0.01 | ||
| Patricia Zuccotti | 287,425,749 | 99.99 | 40,039 | 0.01 | ||
A summary of all votes cast by holders of the Exchangeable Shares and Class B Shares represented at the Corporation’s annual meeting of shareholders is available on SEDAR+ at www.sedarplus.ca.
Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation, or Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership. For more information, please visit https://bbu.brookfield.com.
Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over
For more information, please contact:
| Media: | Investors: | ||
| Marie Fuller | Alan Fleming | ||
| Tel: +44 207 408 8375 | Tel: +1 (416) 645-2736 | ||
| Email: marie.fuller@brookfield.com | Email: alan.fleming@brookfield.com |
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