BMO Announces Election of Board of Directors

Rhea-AI Summary

Bank of Montreal (BMO) held its Annual Meeting of Shareholders on April 11, 2025, where shareholders elected 13 directors to the company's board. The election results showed strong shareholder support, with all nominees receiving over 94% approval.

Notable results include Brian McManus receiving the highest approval rate at 99.69% of votes, while George A. Cope received the lowest but still strong support at 94.93%. The voting results demonstrated particularly strong confidence in several directors, including Stephen Dent (99.62%), David Harquail (99.61%), and Hazel Claxton (99.55%).

Positive

• Strong shareholder support with all directors receiving over 94% approval
• High confidence in board leadership demonstrated by majority of directors receiving over 99% approval

Negative

• None.

TORONTO, April 11, 2025 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today held its Annual Meeting of Shareholders.

At the meeting, all director nominees listed in the bank's management proxy circular dated February 10, 2025 were elected. The detailed results of the vote for the election of directors are set out below.

Each of the following 13 nominees was elected as a director of Bank of Montreal:

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Janice M. Babiak	350,392,216	96.55 %	12,516,833	3.45 %
Craig W. Broderick	358,920,260	98.90 %	3,988,788	1.10 %
Hazel Claxton	361,271,556	99.55 %	1,637,494	0.45 %
Diane L. Cooper	361,253,745	99.54 %	1,654,468	0.46 %
George A. Cope	344,500,954	94.93 %	18,408,043	5.07 %
Stephen Dent	361,537,955	99.62 %	1,371,093	0.38 %
Martin S. Eichenbaum	360,165,974	99.24 %	2,742,074	0.76 %
David Harquail	361,511,458	99.61 %	1,397,590	0.39 %
Eric R. La Flèche	353,179,964	97.32 %	9,729,085	2.68 %
Brian McManus	361,778,452	99.69 %	1,130,597	0.31 %
Lorraine Mitchelmore	358,020,943	98.65 %	4,888,106	1.35 %
Madhu Ranganathan	357,903,410	98.62 %	5,005,639	1.38 %
Darryl White	360,954,789	99.46 %	1,954,260	0.54 %

Final voting results on all matters voted on at the Annual Meeting of Shareholders held earlier today will be published shortly on www.bmo.com, and filed with Canadian and U.S. securities regulators.  

About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society. 

Internet: www.bmo.com                                 Twitter: @BMOMedia

View original content:https://www.prnewswire.com/news-releases/bmo-announces-election-of-board-of-directors-302426842.html

SOURCE BMO Financial Group

FAQ

How many directors were elected to BMO's board in the April 2025 shareholder meeting?

13 directors were elected to BMO's board of directors during the April 11, 2025 Annual Meeting of Shareholders.

Which BMO board nominee received the highest shareholder approval in the 2025 election?

Brian McManus received the highest shareholder approval with 99.69% of votes in favor.

What percentage of votes did George A. Cope receive in BMO's 2025 board election?

George A. Cope received 94.93% of votes in favor, with 5.07% of votes withheld.

When will BMO publish the final voting results from the 2025 Annual Meeting?

BMO will publish final voting results shortly on www.bmo.com and file them with Canadian and U.S. securities regulators.