|By Marketwired .||
|June 19, 2014 05:01 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/19/14 -- Martinrea International Inc. (TSX: MRE) a leader in the production of quality metal parts, assemblies and modules and fluid management systems focused primarily on the automotive sector, announced today the results of the election of directors at its annual general and special meeting, including the election of a new director, Sandra Pupatello.
Rob Wildeboer, the Company's Executive Chairman stated: "We would like to thank our shareholders for their overwhelming show of support. I believe that the voter turnout number and the votes cast for our directors has perhaps never been this high. Incidentally, we appreciate the support of the many shareholders who voted early; before the proposed dissident slate was withdrawn, approximately half of all shares outstanding had been voted with over 99% voting in favour of the Company's nominees. As a board, we will continue to do our best for the Company and our shareholders."
Martinrea's shareholders elected Sandra Pupatello as a new director to the Board. Ms. Pupatello is currently the Chair of Hydro One, the Province of Ontario's crown corporation responsible for electrical transmission, which is Canada's largest transmission company. Ms. Pupatello brings to the Board a deep knowledge of the political sector and has been involved in the automotive industry, as a regulator, an investor of public funds and an advocate for many years. She has worked with every leading automotive and automotive parts company in the Province of Ontario and has encouraged and negotiated investments by GM, Ford, Chrysler, Honda and Toyota, all customers of the Company.
Martinrea held an annual general and special meeting on June 19, 2014. A total of 65,404, 927 Common Shares, or 77.41% of the issued and outstanding Common Shares, were voted at the meeting. Shareholders voted in favour of all items of business, including the election of each director nominee by a substantial majority as follows:
Rob Wildeboer 89.01% Fred Olson 85.55% Scott Balfour 93.09% Terry Lyons 98.16% Roman Doroniuk 99.80% Frank Macher 99.75% Sandra Pupatello 99.74%
The common shares of Martinrea trade on The Toronto Stock Exchange under the symbol "MRE".
Martinrea International Inc.
(289) 982-3001 (FAX)