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|
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
|Tracy A. Graf||10,770,649||98.06%||212,697||1.94%|
|J. Daryl MacLellan||10,687,649||97.31%||295,697||2.69%|
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|
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.
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