9 June 2016
Results of Scales Corporation Limited 2016 Annual Shareholders' Meeting
Scales Corporation Limited held its 2016 annual meeting in Christchurch at 4.30pm on 8 June.
Resolutions
All resolutions considered by shareholders at the meeting were passed. Details of the number of votes cast, by poll, were as follows:
To record the reappointment of Deloitte as auditor of the Company and to authorise the Directors to fix the auditor's remuneration for the coming year.
For:
66,511,697
Against:
96,008
Abstain:
4,730
To re-elect Mark Hutton as a Director.
For:
62,751,671
Against:
3,297,952
Abstain:
562,812
To re-elect Alan Isaac as a Director.
For: | 66,429,900 |
Against: | 172,100 |
Abstain: | 10,435 |
4. That the maximum total pool of Directors' remuneration be increased from
$400,000 to $440,000 per annum taken together, until such time as this amount be altered by a further ordinary resolution of shareholders. Such sum to be divided amongst the Directors at the discretion of the Board of Directors.
For: | 63,255,775 |
Against: | 433,075 |
Abstain: | 2,923,585 |
Governance
The following governance matters were also announced at the meeting:
Jon Mayson gave notice of his intention to stand down as Scales' Chairman at the 2017 Annual Meeting.
With regard to succession planning, Tim Goodacre had been appointed as Scales' Deputy Chairman.
Under the Institute of Directors' Future Director programme, Liz Muller had been appointed as Scales' first participant in the programme.
For further information contact: Steve Kennelly
Chief Financial Officer Scales Corporation Limited
+64 3 371 2263 / +64 274 317587
www.scalescorporation.co.nz