Accord Announces Voting Results of Annual General Meeting

TORONTO, May 5, 2016 /CNW/ - Accord Financial Corp. (TSX – ACD)  (the "Company") today announced the voting results from its Annual General Meeting of Shareholders ("AGM") held May 4, 2016 in Toronto, Ontario.

Shareholders voted in favour of all items of business put forth at the meeting as set out below. A total of 6,431,185 shares were voted at the AGM representing 77.41% of the total issued and outstanding shares.

1.  Election of Directors

The following seven nominees were elected to serve as directors of the Company until the next annual meeting of shareholders or until their successors are elected or appointed:






Number of Votes


Percentage of Votes Cast

Name

For

Withheld


For

Withheld

David Beutel

6,298,979

1,601


99.97%

0.03%

Tom Henderson

6,182,629

117,951


98.13%

1.87%

Ken Hitzig

6,181,529

119,051


98.11%

1.89%

Gary Prager

6,298,579

2,001


99.97%

0.03%

Robert Sandler

6,298,379

2,201


99.97%

0.03%

John J. Swidler

6,298,979

1,601


99.97%

0.03%

Stephen Warden

6,298,779

1,801


99.97%

0.03%

2.  Appointment of Auditors

KPMG LLP, Chartered Professional Accountants, were appointed as auditors of the Company for the fiscal year ending December 31, 2016.






For

Withheld


For

Withheld

6,427,184

4,001


99.94%

0.06%

3.      Ratification of the issuance of up to 400,000 common shares of the Company to key managerial employees pursuant to the terms of the Company's long-term incentive plan ("LTIP") and the issuance of common shares from the overall plan maximum of 400,000 pursuant to the Company's 2015 LTIP award of $291,250 when it vests on December 31, 2017

The Company may issue up to 400,000 common shares to key managerial employees pursuant to the terms of the Company's LTIP.






For

Against


For

Against

6,154,621

145,959


97.68%

2.32%

About Accord Financial Corp.
Accord Financial Corp. is a leading North American finance company providing distinctive working capital solutions to companies from coast to coast. Accord's flexible finance programs cover the full spectrum of asset-based lending, from factoring and inventory finance, to equipment leasing and trade finance. For 38 years, Accord has helped businesses manage their cash flows and maximize financial opportunities – keeping business liquid.

SOURCE Accord Financial Corp.

For further information: please visit www.accordfinancial.com or contact: Stuart Adair, Senior Vice President, Chief Financial Officer, Accord Financial Corp., 77 Bloor Street West, Suite 1803, Toronto, ON M5S 1M2, (416) 961-0304 Ext. 207, sadair@accordfinancial.com

RELATED LINKS
http://www.accordfinancial.com

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