Morneau Shepell Inc. holds 2017 annual meeting of shareholders in Toronto

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TORONTO, May 5, 2017 /CNW/ - Morneau Shepell Inc. (the "Company" or "Morneau Shepell") (TSX: MSI) held its annual meeting of shareholders in Toronto today. Chair of the Board, Jill Denham, introduced the Company's new President and CEO, Stephen Liptrap, who stepped into the role today and thanked his predecessor, Alan Torrie, for his eight successful years as President and 12 years in total with Morneau Shepell.

In addressing the Board and shareholders, Liptrap talked about the impact of a rapidly changing world and how the Company will continue to deliver consistently strong results. "At the end of the day, it's how we provide insights and innovative solutions to our clients as their businesses change that allows us to deliver consistent results," said Liptrap. "It is the strength of our people and our agility that allow us to deliver consistent results in all market conditions and all states of change. That has been our history and that will be our future."

Election of Board of Directors
Each of the eight nominees proposed by management was elected as a Director of Morneau Shepell.

Nominee

Votes for

% votes for

Votes withheld

% votes withheld

Luc Bachand

28,117,009

99.89

29,598

0.11

Jill Denham

26,990,172

95.89

1,156,435

4.11

Ron Lalonde

28,116,809

99.89

29,798

0.11

Stephen Liptrap

28,113,082

99.88

33,525

0.12

Jack Mintz

28,116,505

99.89

30,102

0.11

W.Fr. (Frank)
Morneau, Sr.

28,095,599

99.82

51,008

0.18

Kevin Pennington

27,840,457

98.91

306,150

1.09

Dale Ponder

27,842,132

98.92

304,475

1.08

 

Appointment of auditors
KPMG LLP was reappointed as the auditors of the Company.

Other items
Shareholders approved the new 2017 long-term incentive plan, a grant of units made by the directors under the plan and a new directors' deferred share unit plan. The Company's employee share purchase plan and certain amendments, and the shareholder rights plan were approved. The amended and restated 2011 long-term incentive plan was re-approved.

Proxy materials for this meeting are available at the Investors section of morneaushepell.com and on the SEDAR website at sedar.com.

The recorded webcast of the meeting is also available at the Investors section of morneaushepell.com.

About Morneau Shepell
Morneau Shepell is the only human resources consulting and technology company that takes an integrative approach to employee assistance, health, benefits and retirement needs. The Company is the leading provider of employee and family assistance programs, as well as the largest administrator of retirement and benefits plans and the largest provider of integrated absence management solutions in Canada. Through health and productivity, administrative, and retirement solutions, Morneau Shepell helps clients reduce costs, increase employee productivity and improve their competitive position. Established in 1966, Morneau Shepell serves approximately 20,000 clients, ranging from small businesses to some of the largest corporations and associations in North America. With approximately 4,000 employees in offices across North America, Morneau Shepell provides services to organizations across Canada, in the United States, and around the globe. Morneau Shepell is a publicly-traded company on the Toronto Stock Exchange (TSX: MSI). For more information, visit morneaushepell.com.

SOURCE Morneau Shepell - Corporate

For further information: Media: Helen Reeves, 416.355.5633, hreeves@morneaushepell.com

RELATED LINKS
http://www.morneaushepell.com

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