CAE announces the final 2024 Annual Meeting Board of Directors election results
Rhea-AI Summary
CAE (NYSE: CAE) (TSX: CAE) has announced the final director election results from its 2024 Annual Meeting of Shareholders. Thirteen nominees were elected as Directors of CAE, with voting percentages ranging from 74.65% to 99.59% in favor. Notable elections include:
- Sophie Brochu with the highest approval at 99.59%
- Marc Parent, likely the CEO, with 94.46% approval
- Patrick M. Shanahan with the lowest approval at 74.65%
The results show strong shareholder support for most nominees, with only Shanahan receiving less than 90% approval. This outcome suggests overall satisfaction with the proposed board composition, while indicating some reservations about Shanahan's appointment.
Positive
- High approval rates for most board nominees, indicating strong shareholder confidence
- Sophie Brochu received near-unanimous support with 99.59% approval
- Marc Parent, likely the CEO, secured a solid 94.46% approval rate
Negative
- Patrick M. Shanahan received significantly lower approval at 74.65%, potentially indicating shareholder concerns
Nominee | Votes | For | Votes against | Against (%) |
Ayman Antoun | 240,849,773 | 98.95 % | 2,560,799 | 1.05 % |
Margaret S. (Peg) Billson | 225,396,351 | 92.60 % | 18,014,220 | 7.40 % |
Sophie Brochu | 242,411,606 | 99.59 % | 998,799 | 0.41 % |
Patrick Decostre | 242,166,023 | 99.49 % | 1,244,549 | 0.51 % |
Elise Eberwein | 240,915,635 | 98.98 % | 2,494,937 | 1.02 % |
Ian L. Edwards | 242,111,993 | 99.47 % | 1,298,412 | 0.53 % |
Marianne Harrison | 240,115,411 | 98.65 % | 3,295,160 | 1.35 % |
Alan N. MacGibbon | 241,199,907 | 99.09 % | 2,210,665 | 0.91 % |
Mary Lou Maher | 227,331,571 | 93.39 % | 16,078,834 | 6.61 % |
François Olivier | 241,231,248 | 99.10 % | 2,179,323 | 0.90 % |
Marc Parent | 229,920,229 | 94.46 % | 13,490,343 | 5.54 % |
Gen. David G. | 238,325,241 | 97.91 % | 5,085,163 | 2.09 % |
Patrick M. Shanahan | 181,714,930 | 74.65 % | 61,695,641 | 25.35 % |
Final results on all matters voted on at the Annual Meeting are filed concurrently with the securities regulators.
About CAE
At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying software-based simulation training and critical operations support solutions. Above all else, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defence and security forces to perform at their best every day and when the stakes are the highest. Around the globe, we're everywhere customers need us to be with approximately 13,000 employees in more than 240 sites and training locations in over 40 countries. CAE represents more than 75 years of industry firsts—the highest-fidelity flight and mission simulators as well as training programs powered by digital technologies. We embed sustainability in everything we do. Today and tomorrow, we'll make sure our customers are ready for the moments that matter.
Read our FY24 Global Annual Activity and Sustainability Report.
CAE Contacts:
General Media:
Samantha Golinski, Vice President, Public Affairs & Global Communications
+1-438-805-5856, samantha.golinski@cae.com
Investor Relations:
Andrew Arnovitz, Senior Vice President, Investor Relations and Enterprise Risk Management,
+1-514-734-5760, andrew.arnovitz@cae.com
View original content:https://www.prnewswire.com/news-releases/cae-announces-the-final-2024-annual-meeting-board-of-directors-election-results-302222813.html
SOURCE CAE Inc.
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