Intact Financial Corporation announces the results of the votes conducted at its 2024 Annual Meeting of Shareholders
TORONTO, May 8, 2024 /CNW/ – Intact Financial Corporation (TSX: IFC) announced the results of the votes conducted at its 2024 Annual Meeting of Shareholders held virtually on May 8, 2024, via live video webcast.
1. Election of Directors
The nominees listed in its management proxy circular dated March 27, 2024, were elected as directors of Intact Financial Corporation. The detailed results of the vote are set out below.
Nominee
Votes
FOR
% Votes
FOR
Votes
AGAINST
% Votes
AGAINST
Charles Brindamour
140,376,262
99.88 %
169,300
0.12 %
Emmanuel Clark
140,463,571
99.94 %
81,991
0.06 %
Janet De Silva
139,699,747
99.40 %
845,815
0.60 %
Michael Katchen
139,331,314
99.14 %
1,214,248
0.86 %
Stephani Kingsmill
138,917,683
98.84 %
1,627,878
1.16 %
Jane E. Kinney
138,969,492
98.88 %
1,576,069
1.12 %
Robert G. Leary
139,321,507
99.13 %
1,224,055
0.87 %
Sylvie Paquette
139,333,314
99.14 %
1,212,248
0.86 %
Stuart J. Russell
139,331,007
99.14 %
1,214,555
0.86 %
Indira V. Samarasekera
137,177,356
97.60 %
3,368,205
2.40 %
Frederick Singer
138,936,674
98.86 %
1,608,887
1.14 %
Carolyn A. Wilkins
140,459,945
99.94 %
85,617
0.06 %
William L. Young
138,661,449
98.66 %
1,884,113
1.34 %
2. Appointment of Ernst & Young LLP as Auditor
Ernst & Young LLP was appointed as auditor of Intact Financial Corporation. The detailed results of the vote are set out below.
Votes
FOR
% Votes
FOR
Votes
WITHHELD
% Votes
WITHHELD
130,730,339
92.66 %
10,363,032
7.34 %
3. Renewal of the Executive Stock Option Plan of the Company
The resolution to approve the renewal of the Executive Stock Option Plan was approved. The detailed results of the vote are set out below:
Votes
FOR
% Votes
FOR
Votes
AGAINST
% Votes
AGAINST
132,600,535
94.35 %
7,945,027
5.65 %
4. Advisory Resolution to Accept the Approach to Executive Compensation
The advisory resolution on the approach to executive compensation disclosed in the Company’s management proxy circular dated March 27, 2024, was accepted. The detailed results of the vote are set out below.
Votes
FOR
% Votes
FOR
Votes
AGAINST
% Votes
AGAINST
135,432,598
96.36 %
5,112,964
3.64 %
Intact Financial Corporation (TSX: IFC) is the largest provider of property and casualty (P&C) insurance in Canada, a leading provider of global specialty insurance, and, with RSA, a leader in the U.K. and Ireland. Our business has grown organically and through acquisitions to over $22 billion of total annual premiums.
In Canada, Intact distributes insurance under the Intact Insurance brand through a wide network of brokers, including its wholly-owned subsidiary BrokerLink, and directly to consumers through belairdirect. Intact also provides affinity insurance solutions through our affinity groups, travel insurance, as well as exclusive and tailored offerings through Intact Prestige.
In the US, Intact Insurance Specialty Solutions provides a range of specialty insurance products and services through independent agencies, regional and national brokers, and wholesalers and managing general agencies.
In the U.K., Ireland, and Europe, Intact provides personal, commercial and specialty insurance solutions through the RSA, NIG and FarmWeb brands.
SOURCE Intact Financial Corporation