Exco Technologies Limited 2024 Annual Meeting Results

Rhea-AI Summary

Exco Technologies (TSX-XTC) held its 2024 annual meeting of shareholders on January 22, 2025, with a 66.5% participation rate, representing 25,621,079 Common Shares. All director nominees were successfully elected with strong majority support, ranging from 95.7% to 99.2% approval rates.

The company's shareholders also approved the appointment of Ernst & Young, LLP as auditors with a 97.9% favorable vote. Exco Technologies operates as a global supplier of innovative technologies for the die-cast, extrusion and automotive industries, with 21 strategic locations across 9 countries and approximately 5,000 employees.

Positive

• High shareholder participation rate of 66.5%
• Strong support for all director nominees with approval rates above 95%
• Overwhelming approval (97.9%) for appointment of auditors

Negative

• None.

TORONTO, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Exco Technologies Limited (TSX-XTC) announced voting results from its 2024 annual meeting of shareholders held on January 22, 2025. A total of 25,621,079 Common Shares or 66.5% of our issued and outstanding Common Shares, were voted in connection with the meeting. Based on proxies received prior to the meeting, each director nominee was elected by a substantial majority as follows:

	Votes For		Votes Withheld/Against
Edward H. Kernaghan	95.7%		4.3%
Darren M. Kirk	98.9%		1.1%
Robert B. Magee	98.9%		1.1%
Colleen M. McMorrow	99.0%		1.0%
Brian A. Robbins	97.7%		2.3%
Tommy J. Skudutis	99.2%		0.8%

Full results of the votes are included as Appendix A to this press release.

Exco Technologies Limited is a global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries. Through our 21 strategic locations in 9 countries, we employ approximately 5,000 people and service a diverse and broad customer base.

	Source:	Exco Technologies Limited (TSX-XTC)
	Contact:	Darren Kirk, President & Chief Executive Officer
	Telephone:	(905) 477-3065 ext. 7233
	Website:	http://www.excocorp.com

 

Appendix A
VOTING RESULTS - 2024 ANNUAL MEETING OF SHAREHOLDERS
Resolution		Votes For				Votes Withheld/Against
		#		%		#		%
Elect Edward H. Kernaghan as Director		24,237,631		95.7		1,097,400		4.3
Elect Darren M. Kirk as Director		25,064,377		98.9		270,654		1.1
Elect Robert B. Magee as Director		25,055,825		98.9		279,206		1.1
Elect Colleen M. McMorrow as Director		25,091,386		99.0		243,645		1.0
Elect Brian A. Robbins as Director		24,741,544		97.7		593,487		2.3
Elect Tommy J. Skudutis as Director		25,118,196		99.2		216,835		0.8
Appointment of Ernst & Young, LLP as Auditors		25,080,311		97.9		540,768		2.1
Notes:
(1) Based on proxies submitted
(2) 286,048 shares were not voted for Directors
(3) 25,621,079 shares (66.5%) were voted by proxy

FAQ

What was the voter turnout at Exco Technologies' (EXCOF) 2024 annual meeting?

The voter turnout was 25,621,079 Common Shares, representing 66.5% of issued and outstanding shares.

Who received the highest approval rate among EXCOF's director nominees in 2024?

Tommy J. Skudutis received the highest approval rate at 99.2% of votes cast.

How many locations does Exco Technologies (EXCOF) operate globally?

Exco Technologies operates 21 strategic locations across 9 countries.

What was the voting result for Ernst & Young as EXCOF's auditors in 2024?

Ernst & Young, LLP was approved as auditors with 97.9% of votes in favor (25,080,311 shares).

Which director nominee received the lowest approval percentage at EXCOF's 2024 meeting?

Edward H. Kernaghan received the lowest approval rate at 95.7% of votes cast.