HDI Announces Voting Results for Annual General and Special Meeting

Trading Symbol: Toronto Stock Exchange – HDI

LANGLEY, BC, May 12, 2021 /CNW/ - Hardwoods Distribution Inc. ("HDI" or the "Company") today announced the voting results of the Company's annual general and special meeting of shareholders held on May 12, 2021 (the "Meeting"). 

Election of Directors

The eight nominees of management were elected as directors at the Meeting.  The voting results for the election of each director nominee are as follows:

Name of Nominee	Votes For		Votes Withheld
	Number of Votes	Percentage of Votes	Number of Votes	Percentage of Votes
Rob Brown	13,912,536	99.88%	17,280	0.12%
Peter Bull	11,967,784	85.91%	1,962,032	14.09%
Michelle Lewis	12,578,718	90.30%	1,351,098	9.70%
Jim Macaulay	12,058,826	86.57%	1,870,990	13.43%
Lawrence Sauder	13,656,642	98.04%	273,174	1.96%
William Sauder	13,711,258	98.43%	218,558	1.57%
Rob Taylor	13,748,052	98.70%	181,764	1.30%
Graham Wilson	13,688,226	98.27%	241,590	1.73%

Appointment of Auditors

At the 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.

Increase in Number of Shares Issuable Pursuant to the Long Term Incentive Plan

At the Meeting, shareholders approved the increase to the number of shares issuable pursuant to the Long Term Incentive Plan.

About HDI

HDI is North America's largest distributor of architectural grade building products. The Company operates a network of 70 distribution centers in the U.S. and Canada distributing products to customers that supply the residential, repair and remodel, and commercial construction markets.

SOURCE Hardwoods Distribution Inc.

Faiz Karmally, Chief Financial Officer, Phone: [phone], Fax: [phone], Email: [email protected]