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Summit Materials announces annual meeting results

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World Cement,


Summit Materials, Inc. has announced the results of its 2016 Annual Meeting of Stockholders, which was held on 26 May 2016. Stockholders of record as of 1 April 2016 were entitled to vote at the Annual Meeting.

The following items were presented for stockholder approval:

  • To elect the two nominees for director named in the Proxy Statement to serve until the 2019 Annual Meeting of Stockholders and until their respective successors are elected and qualified.
  • To ratify the appointment of KPMG LLP as independent auditors for fiscal year ending 31 December 2016.
  • To approve, on a nonbinding advisory basis, the compensation of named executive officers, as disclosed in the Proxy Statement.
  • To indicate, on a nonbinding advisory basis, whether a nonbinding advisory stockholder vote to approve the compensation of named executive officers should occur every one, two, or three years.

Following a tabulation of the total votes cast at the Annual Meeting, the proposal for election of each of the Summit Materials Board of Director’s nominee for directors passed; the vote to ratify the appointment of KPMG LLP as independent auditors for fiscal year ending 31 December 2016 passed; the vote to approve on a nonbinding advisory basis, the compensation of named executive officers, as disclosed in the Proxy Statement, passed; the vote to indicate, on a nonbinding advisory basis, whether a nonbinding advisory stockholder vote to approve the compensation of named executive officers should occur every one, two, or three years passed, providing that every year a nonbinding advisory stockholder vote to approve the compensation of named executive officers should occur.

Summit also announced that its board of directors has appointed Joseph S. Cantie as a new director, also serving on the Audit Committee. Mr. Cantie has more than 30 years of financial and operating experience primarily in the industrials sector. With the appointment of Mr. Cantie, Summit’s board now comprises eight members.


Edited from source by Joseph Green. Source: Summit Materials

Read the article online at: https://www.worldcement.com/the-americas/27052016/summit-materials-announces-annual-meeting-results-187/


 

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