Kingsway announces results of shareholder meeting

TORONTO, May 25, 2016 /CNW/ - (TSX: KFS, NYSE: KFS) The Board of Directors of Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced the results of shareholder voting that took place during the Company's annual meeting held May 24, 2016. 

  • Shareholders of Kingsway elected for one-year terms all those nominated to the Board of Directors: Terence M. Kavanagh, Gregory P. Hannon, Gary R. Schaevitz, Joseph Stilwell, Larry G. Swets, Jr. and John T. Fitzgerald. The votes for each were as follows:

Director

For

Withheld

Non-Vote

Terence M. Kavanagh

9,340,984

8,732

2,417,753

Gregory P. Hannon

9,337,559

12,157

2,417,753

Gary R. Schaevitz

9,338,953

10,763

2,417,753

Joseph Stilwell

9,296,981

52,735

2,417,753

Larry G. Swets, Jr.

9,312,047

37,669

2,417,753

John T. Fitzgerald

9,339,184

10,532

2,417,753

 

  • Shareholders ratified the appointment of BDO USA, LLP as the Company's independent registered public accounting firm.
  • Shareholders cast advisory votes approving the Company's executive compensation.

About the Company
Kingsway is a holding company functioning as a merchant bank with a focus on long-term value-creation.  The Company owns or controls stakes in several insurance industry assets and utilizes its subsidiaries, 1347 Advisors LLC and 1347 Capital LLC, to pursue opportunities acting as an advisor, an investor and a financier. The common shares of Kingsway are listed on the Toronto Stock Exchange and the New York Stock Exchange under the trading symbol "KFS."

Additional Information
Additional information about Kingsway, including a copy of its 2015 Annual Report and filings on Forms 10-Q and 8-K, can be accessed on the Canadian Securities Administrators' website at www.sedar.com, on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov or through the Company's website at www.kingsway-financial.com

For a current review of the Company and a discussion of its plan to create and sustain long-term shareholder value, management invites you to review its Annual Letter to Shareholders, which may be accessed at the Company's website or directly at http://bit.ly/kfs2015.

SOURCE Kingsway Financial Services Inc.

RELATED LINKS
http://www.kingsway-financial.com

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