Hardwoods Distribution Announces Voting Results for Annual General Meeting

Trading Symbol: Toronto Stock Exchange – HWD

LANGLEY, BC, May 19, 2016 /CNW/ - Hardwoods Distribution Inc. ("Hardwoods" or the "Company") today announced the voting results of the Company's annual general meeting of shareholders held on May 19, 2016. 

Election of Directors

The five nominees of management were elected as directors at the annual general meeting.

The election of directors was conducted by show of hands.  In accordance with the requirements of the Toronto Stock Exchange, the following table reflects the votes represented by proxy that would have been withheld from each director nominee had a ballot been called, as a percentage of votes represented at the meeting:



Nominee

Votes
Represented at
the Meeting


Votes Withheld
by Proxy


% Withheld
by Proxy

Rob Brown

11,007,944

450

0.01%

Peter Bull

11,007,944

370,147

5.22%

Lawrence Sauder

11,007,944

17,250

0.24%

William Sauder

11,007,944

17,250

0.24%

Graham Wilson

11,007,944

17,250

0.24%

 

Appointment of Auditors

At the annual general meeting, KPMG LLP was appointed as auditors of the Company for the ensuing year and the directors were authorized to fix the remuneration to be paid to the auditors.

About Hardwoods Distribution Inc.

Hardwoods is one of North America's largest distributors of high-grade hardwood lumber, sheet goods and architectural millwork to the cabinet, moulding, millwork, furniture and specialty wood products industries.  The Company currently operates in North America a network of 32 distribution centers and one sawmill and kiln drying operation. 

SOURCE Hardwoods Distribution Inc.

For further information: Faiz Karmally, Chief Financial Officer, Phone: (604) 881-1982, Fax: (604) 881-1995, Email: fkarmally@hardwoods-inc.com

RELATED LINKS
http://hardwoods-inc.com

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