CAE announces the final 2020 Annual Meeting Board of Directors election results
CAE (NYSE: CAE, TSX: CAE) announced the results from its 2020 Annual Meeting of Shareholders, where all 10 nominated directors were successfully elected.
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Rhea-AI Summary
CAE (NYSE: CAE, TSX: CAE) announced the results from its 2020 Annual Meeting of Shareholders, where all 10 nominated directors were successfully elected. Notable votes included Margaret Billson with 98% approval and Marianne Harrison with an impressive 99.94%. The results indicate strong shareholder support for the board, crucial for CAE's ongoing strategy in high-stakes environments like civil aviation and healthcare. Concurrent filings with securities regulators detail voting matters.
CAE, a technology leader in digital immersion, emphasizes a recurring revenue model, with over 60% of its revenue from repeat customers.
Positive
- Strong shareholder support as all 10 nominees were elected.
- High approval ratings for nominees, indicating investor confidence.
Negative
- None.
Details
News Market Reaction – CAE
The recorded move for CAE in the trading session of this news was -0.25%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
MONTREAL, Aug. 13, 2020 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) CAE today announced the final director election results from its 2020 Annual Meeting of Shareholders.
The following 10 nominees were elected as Directors of CAE:
Nominee | Votes for | For (%) | Votes Withheld | Withheld (%) |
Margaret S. (Peg) Billson | 193,270,597 | 3,952,541 | ||
Hon. Michael M. Fortier | 192,632,806 | 4,590,532 | ||
Marianne Harrison | 197,106,874 | 116,464 | ||
Alan N. MacGibbon | 194,890,859 | 2,332,479 | ||
Hon. John P. Manley | 195,363,780 | 1,859,558 | ||
François Olivier | 195,434,235 | 1,789,103 | ||
Marc Parent | 197,029,121 | 194,217 | ||
Gen. David G. Perkins, USA (Ret.) | 197,107,846 | 115,492 | ||
Michael E. Roach | 195,667,462 | 1,555,876 | ||
Andrew J. Stevens | 195,670,229 | 1,553,109 |
Final results on all matters voted on at the Annual Meeting are filed concurrently with the securities regulators.
About CAE
CAE is a high technology company, at the leading edge of digital immersion, providing solutions to make the world a safer place. Backed by a record of more than 70 years of industry firsts, we continue to reimagine the customer experience and revolutionize training and operational support solutions in civil aviation, defence and security, and healthcare. We are the partner of choice to customers worldwide who operate in complex, high-stakes and largely regulated environments, where successful outcomes are critical. Testament to our customers' ongoing needs for our solutions, over 60 percent of CAE's revenue is recurring in nature. We have the broadest global presence in our industry, with approximately 10,000 employees, 160 sites and training locations in over 35 countries. www.cae.com
Follow us on Twitter @CAE_Inc
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LinkedIn: www.linkedin.com/company/cae
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SOURCE CAE INC.
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