Colliers Announces Voting Results
Rhea-AI Summary
Colliers International Group Inc. (TSX: CIGI; NASDAQ: CIGI) held its annual meeting of shareholders virtually on April 1, 2025, where all ten director nominees were successfully elected. The voting results showed varying levels of shareholder support, with John M. Sullivan receiving the highest approval at 99.59% of votes, while Katherine M. Lee received 73.29% of votes.
Shareholders also approved the appointment of PricewaterhouseCoopers LLP as the company's auditor and passed a non-binding advisory resolution approving Colliers' approach to executive compensation, as outlined in the February 13, 2025 management information circular.
Positive
- High shareholder approval (>95%) for majority of board nominees
- Successful passage of all proposed resolutions
Negative
- Significant shareholder opposition to some directors (Katherine M. Lee: 26.71% votes withheld)
- Notable opposition to P. Jane Gavan (22% votes withheld) and Benjamin F. Stein (19.52% votes withheld)
News Market Reaction – CIGI
On the day this news was published, CIGI gained 0.94%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
TORONTO, April 01, 2025 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX: CIGI; NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that at its annual meeting of shareholders held virtually on April 1, 2025, the ten director nominees listed in Colliers’ management information circular dated February 13, 2025 (the “Circular”) were elected as directors of Colliers. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote are set out below.
| Nominee | Votes For | % Votes For | Votes Withheld | % Votes Withheld | ||
| John (Jack) P. Curtin, Jr. | 69,752,926 | 99.01 | % | 699,883 | 0.99 | % |
| P. Jane Gavan | 54,954,896 | 78.00 | % | 15,497,913 | 22.00 | % |
| Stephen J. Harper | 66,530,374 | 94.43 | % | 3,922,434 | 5.57 | % |
| Jay S. Hennick | 67,896,895 | 96.37 | % | 2,555,913 | 3.63 | % |
| Katherine M. Lee | 51,637,716 | 73.29 | % | 18,815,092 | 26.71 | % |
| Poonam Puri | 68,545,264 | 97.29 | % | 1,907,544 | 2.71 | % |
| Benjamin F. Stein | 56,699,259 | 80.48 | % | 13,753,549 | 19.52 | % |
| John M. Sullivan | 70,165,924 | 99.59 | % | 286,885 | 0.41 | % |
| L. Frederick Sutherland | 69,539,687 | 98.70 | % | 913,122 | 1.30 | % |
| Edward Waitzer | 68,055,553 | 96.60 | % | 2,397,255 | 3.40 | % |
In addition, shareholders approved: (a) the appointment of PricewaterhouseCoopers LLP as the auditor of Colliers for the ensuing year; and (b) a non-binding advisory resolution approving Colliers’ approach to executive compensation, in each case as disclosed in the Circular.
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Service, Engineering and Investment Management – we have a proven business model, an enterprising culture and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately
COMPANY CONTACT:
Christian Mayer
Chief Financial Officer
(416) 960-9500
FAQ
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