Carfinco Announces Voting Results from 2014 Shareholder's Meeting

TSX: CFN

EDMONTON, May 15, 2014 /CNW/ - Carfinco Financial Group Inc. ("Carfinco" or the "Company") announces that the following matters were voted upon at the annual meeting of the shareholders of the Company held on May 15, 2014 in Edmonton, Alberta (the "Meeting").  Each of the matters is described in greater detail in the Company's Management Information Circular dated March 20, 2014.

A total of 11,031,000 common shares representing 41.67% of the Company's issued and outstanding shares were voted in person or by proxy in connection with the Meeting.

1. Fixing the Number of Directors

The number of directors to be elected at the meeting was fixed at eight members. The voting results were as follows:

    Votes For          Percent          Votes Against         Percent    
10,773,347 97.66% 257,653 2.34%

2. Election of Directors

The following eight nominees were appointed as Directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed.  The voting results were as follows:

Name of Nominee      Votes for           Percent           Votes     
Withheld
    Percent    
Brent Channell 7,396,429 67.34% 3,586,917 32.66%
Tracy A. Graf 10,770,649 98.06% 212,697 1.94%
Maurice Kagan 10,769,649 98.05% 213,697 1.95%
J. Daryl MacLellan 10,687,649 97.31% 295,697 2.69%
David Prussky 7,502,224 68.31% 3,481,122 31.69%
David Rosenkrantz 7,407,866 67.45% 3,575,480 32.55%
Simon Serruya 10,762,649 97.99% 220,697 2.01%
Peter Miller 7,502,224 68.31% 3,481,122 31.69%

3. Appointment of Auditors

Grant Thornton LLP, Chartered Accountants, were appointed as auditors of the Company to hold office until close of the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The voting results were as follows:

Votes For Percent Votes Withheld Percent
11,019,900 99.90% 11,100 0.10%

About Carfinco Financial Group Inc.

Carfinco, through its Canadian and United States subsidiaries (collectively, "Carfinco"), focuses on providing indirect consumer vehicle loans to borrowers unable to obtain financing through traditional lending sources.  A network of select independent and franchise dealerships offer Carfinco's payment plans to their customers who must, along with the vehicle, meet Carfinco's underwriting guidelines. The shares of Carfinco trade on The Toronto Stock Exchange under the symbol "CFN".

 

SOURCE Carfinco Financial Group Inc.

For further information:

Mr. Tracy A. Graf 
CEO & Director of Carfinco Financial Group Inc.
Telephone: 1-888-486-4356 
Facsimile: 1-888-486-7456 
E-mail:  tracy.graf@carfinco.com 
Web site: www.carfinco.com

The Howard Group Inc.
Jeff Walker
Investor Relations
Telephone: 1-888-221-0915
E-mail:  info@howardgroupinc.com 
Web site: www.howardgroupinc.com