BMO Announces Election of Board of Directors
Bank of Montreal (BMO) held its Annual Meeting of Shareholders on April 11, 2025, where shareholders elected 13 directors to the company's board.
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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.
Details
News Market Reaction – BMO
The recorded move for BMO in the trading session of this news was +1.16%.
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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
About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of
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
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