Logistec Corporation reports on director election results

MONTRÉAL, May 9, 2014 /CNW Telbec/ - Logistec Corporation (TSX: LGT.A LGT.B) has announced its director election results following its annual meeting of shareholders held on May 7, 2014.

Each of the nominees proposed as director in the management proxy circular dated March 21, 2014 was elected as director of Logistec Corporation on a vote by show of hands.  In total, 3,115,969 Class A Common Shares (83.42% of the class) and 1,738,568 Class B Subordinate Voting Shares (66.59 % of the class) were represented in person or by proxy at the meeting, representing 83.04% of the voting rights attached to the shares issued and outstanding as of the record date of March 21, 2014. The proxies given to management as well as to appointees present at the meeting for the election of directors were as follows:

Directors Percentage of Votes
  For Withheld
Madeleine Paquin 98.97% 1.02%
James C. Cherry 98.87% 1.13%
Serge Dubreuil 98.97% 1.03%
George Gugelmann 98.97% 1.03%
Nicole Paquin 98.97% 1.03%
George R. Jones 98.93% 1.07%
Rudy Mack 98.97% 1.03%
David M. Mann 98.93% 1.07%
Luc Sabbatini 98.92% 1.08%
Suzanne Paquin 98.97% 1.03%
John Springer 98.97% 1.03%

About Logistec
Logistec Corporation is based in Montréal (QC) and provides specialized services to the marine community and industrial companies in the areas of bulk, break-bulk and container cargo handling in 27 ports in Eastern Canada, the Great Lakes and the U.S. East Coast. Logistec also offers marine transportation services geared primarily to the Arctic coastal trade, short-line rail transportation services, as well as marine agency services to foreign shipowners and operators serving the Canadian market. Furthermore, the Company operates in the environmental sector where it provides services to industrial, municipal, and other governmental customers for the trenchless structural rehabilitation of underground water mains, PCB management, site remediation, risk assessment, and woven-hose manufacturing.

The Company has been profitable and has paid regular dividends since becoming public and payments have grown steadily over the years. A public company since 1969, Logistec's shares are listed on the Toronto Stock Exchange under the ticker symbols LGT.A and LGT.B. More information can be obtained at the Company's website at www.logistec.com.


SOURCE: Logistec Corporation

For further information:

Jean-Claude Dugas cpa, ca
Vice-President, Finance
Logistec Corporation
(514) 985-2345

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