MBAC announces voting results for election of directors and ratification of Advance Notice By-Law

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[{"type":"text","content":"\n\n\nTSX:MBC\nOTCQX:MBCFF\nShares Outstanding:152,029,492\nFully Diluted:161,252,908\n\n\nTORONTO, May 24, 2013 /CNW/ - MBAC Fertilizer Corp. (\"MBAC\" or the \"Company\") (TSX: MBC) (OTCQX: MBCFF) today announced the voting results on the election of directors from its\n 2013 Annual and Special Meeting of Shareholders, as well as the\n ratification of amendments to the Company's By-Laws to include an\n advance notice requirement in connection with shareholders intending to\n nominate directors in certain circumstances (the \"By-Law Amendments\").\n\n\nThe voting results on the election of directors are as follows:\n\n\nName\n\n\nVotes inFavour\n\n\n%\n\n\nVotes Withheld\n\n\n%\n\n\nPeter Marrone\n\n\n85,123,563\n\n\n97.94\n\n\n1,790,742\n\n\n2.06\n\n\nAntenor Silva\n\n\n86,093,551\n\n\n99.06\n\n\n820,754\n\n\n0.94\n\n\nLeonardo Marques da Silva\n\n\n85,577,251\n\n\n98.46\n\n\n1,337,054\n\n\n1.54\n\n\nAlexander Davidson\n\n\n85,731,451\n\n\n98.64\n\n\n1,182,854\n\n\n1.36\n\n\nDenis C. Arsenault\n\n\n84,389,240\n\n\n97.09\n\n\n2,525,065\n\n\n2.91\n\n\nDavid R. Peterson\n\n\n85,592,720\n\n\n98.48\n\n\n1,321,585\n\n\n1.52\n\n\nBrian Hayward\n\n\n85,720,451\n\n\n98.63\n\n\n1,193,854\n\n\n1.37\n\n\nEduardo Ledsham\n\n\n86,484,805\n\n\n99.51\n\n\n429,500\n\n\n0.49\n\n\nDavid Nierenberg\n\n\n86,746,105\n\n\n99.81\n\n\n168,200\n\n\n0.19\n\n\n\n\n\nThe shareholders ratified the By-Law Amendments setting forth a\n procedure requiring advance notice (the \"Advance Notice Requirement\") to the Company by any shareholder who intends to nominate any person\n for election as director of the Company other than pursuant to (i) a\n requisition of a meeting made pursuant to the provisions of the Canada\n Business Corporations Act (the \"CBCA\"), or (ii) a shareholder proposal made pursuant to the provisions of\n the CBCA.  Among other things, the By-Law Amendments set a deadline by\n which such shareholders must notify the Company in writing of an\n intention to nominate directors prior to any meeting of shareholders at\n which directors are to be elected and set forth the information that\n the shareholder must include in the notice for it to be valid.\n\n\nAmong other things, the Advance Notice Requirement fixes a deadline by\n which holders of record of common shares of the Company must submit\n director nominations to the Company prior t...

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