TORONTO, May 20, 2022
/CNW/ - Chesswood Group Limited ("Chesswood" or the "Company")
(TSX: CHW), a publicly traded North American specialty finance
company providing commercial equipment leases and loans, automotive
loans, and home improvement financing, today announced the voting
results for its 2022 Annual Shareholders Meeting (the "2022
Shareholders Meeting") held on May 19,
2022. A total of 9,759,572 shares (approximately 51.72% of
the 18,868,250 voting shares eligible to be voted at the 2022
Shareholders Meeting) were represented in person or by proxy.
Each of the nominees listed in the Management Information
Circular dated April 8, 2022 were
elected as Directors of the Company at the 2022 Shareholders
Meeting.
Detailed Results of the votes cast in respect of the election of
the Directors are set out below:
|
Votes For
|
% For
|
Votes
Withheld
|
% Withheld
|
Catherine
Barbaro
|
9,175,058
|
99.362
|
58,950
|
0.638
|
Raghunath
Davloor
|
9,174,690
|
99.358
|
59,318
|
0.642
|
Robert J.
Day
|
8,942,963
|
96.848
|
291,045
|
3.152
|
Jeff Fields
|
9,176,838
|
99.381
|
57,170
|
0.619
|
Ryan Marr
|
9,177,738
|
99.391
|
56,270
|
0.609
|
Annie Ropar
|
9,174,742
|
99.358
|
59,266
|
0.642
|
Edward
Sonshine
|
8,958,123
|
97.012
|
275,885
|
2.988
|
Frederick W.
Steiner
|
8,925,407
|
96.658
|
308,601
|
3.342
|
Daniel
Wittlin
|
9,174,522
|
99.356
|
59,486
|
0.644
|
Shareholders also re-appointed Ernst & Young LLP as auditors
for the ensuing year, with 99.99% of the votes cast in favour, and
approved the unallocated awards under the Company's Equity
Incentive Plan, with 89.62% of the votes cast in favour.
ABOUT CHESSWOOD GROUP
LIMITED
Through three wholly-owned subsidiaries in the United States and five subsidiaries in
Canada, two of which are
wholly-owned, Chesswood Group Limited is a North American specialty
finance company publicly traded on the Toronto Stock Exchange.
Colorado-based Pawnee Leasing
Corporation, founded in 1982, finances a highly diversified
portfolio of commercial equipment leases and loans through
relationships with over 600 brokers in the United States. Tandem Finance Inc.
provides financing in the U.S. through the equipment vendor
channel. In Canada, Blue Chip
Leasing Corporation has been originating and servicing commercial
equipment leases and loans since 1996. Vault Credit Corporation
specializes in equipment leases and commercial loans across
Canada, allowing for customizable
financing solutions while catering to a wide spectrum of credit
tiers, equipment types and sectors by offering industry-leading
service levels, experienced underwriters and account
administrators. Blue Chip and Vault Credit operate through a
nationwide network of more than 60 brokers. Vault Home was launched
in September 2021 and focuses on
providing home improvement and other consumer financing solutions
in Canada. Rifco National Auto
Finance Corporation, with the mission to help Canadians own
automobiles, seeks to create sustainable long-term competitive
advantages through personalized partnerships with dealers,
innovative products, the use of industry-leading data and
analytics, and leading collection practices. Chesswood Capital
Management and Chesswood Capital Management USA provide private credit alternatives to
investors seeking exposure to lease and loan receivables, including
those originated by Chesswood subsidiaries.
Based in Toronto, Canada,
Chesswood Group Limited's shares trade on the TSX under the symbol
CHW.
To learn more about Chesswood Group Limited, visit
www.ChesswoodGroup.com.
The websites of Chesswood Group Limited's operating businesses
are:
www.PawneeLeasing.com
|
www.BlueChipLeasing.com
|
www.TandemFinance.com
|
www.VaultCredit.com
|
www.VaultPay.com
|
www.Rifco.net
|
NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER
REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION
CONTAINED HEREIN.
SOURCE Chesswood Group Limited