Cascades reports on shareholders' voting results for the election of directors
KINGSEY FALLS, QC, May 9, 2013 /PRNewswire/ - Cascades Inc. (TSX: CAS), held its Annual General Meeting today. All the nominees proposed as directors were duly elected as directors of the Corporation by a majority of the votes cast by the shareholders present or represented by proxy at the Meeting, as follows:
|Paul R. Bannerman||53,819,182||85.25||9,314,717||14.75|
|James BC Doak||59,066,024||93.56||4,067,875||6.44|
|Laurence G Sellyn||62,024,774||98.24||1,109,125||1.76|
Founded in 1964, Cascades produces, converts and markets packaging and tissue products that are composed mainly of recycled fibres. The Corporation employs more than 12,000 employees, who work in more than 100 units located in North America and Europe. With its management philosophy, half a century of experience in recycling, and continuous efforts in research and development as driving forces, Cascades continues to serve its clients with innovative products. Cascades' shares trade on the Toronto Stock Exchange, under the ticker symbol CAS.
Certain statements in this release, including statements regarding future results and performance, are forward-looking statements (as such term is defined under the Private Securities Litigation Reform Act of 1995) based on current expectations. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, but not limited to, the effect of general economic conditions, decreases in demand for the Corporation's products, increases in raw material costs, fluctuations in selling prices and adverse changes in general market and industry conditions and other factors listed in the Corporation's Securities and Exchange Commission filings.
SOURCE CASCADES INC.