Resolute Stockholders Vote in Favor of Each Proposal at Annual Meeting
MONTREAL, May 16, 2013 /PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today held its annual general meeting of stockholders in Thunder Bay, Ontario. A total of 80,769,771 common shares, or 85.2% of the outstanding shares, were voted at the meeting. Shareholders voted in favor of each proposal, including the election of each director nominee, by a substantial majority:
|Nominees||For||For %||Withheld||Withheld %||Non-Vote|
|Michel P. Desbiens||60,655,614||99.6||219,687||0.4||19,894,470|
|Jennifer C. Dolan||60,662,726||99.6||212,575||0.4||19,894,470|
|Richard D. Falconer||60,660,573||99.6||214,728||0.4||19,894,470|
|Jeffrey A. Hearn||60,662,983||99.6||212,318||0.4||19,894,470|
|Bradley P. Martin||58,633,933||96.3||2,241,368||3.7||19,894,470|
|David H. Wilkins||60,663,352||99.6||211,949||0.4||19,894,470|
The other proposals on which stockholders voted favorably included:
- The ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the 2013 fiscal year.
- An advisory vote to approve compensation of the Company's named executive officers, as disclosed in the proxy statement.
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including newsprint, commercial printing papers, market pulp and wood products. The Company owns or operates over 40 pulp and paper mills and wood products facilities in the United States, Canada and South Korea, and power generation assets in Canada. Marketing its products in close to 90 countries, Resolute has third-party certified 100% of its managed woodlands to at least one of three internationally-recognized sustainable forest management standards, including 65% certified to the Forest Stewardship Council® (FSC®) standards. The shares of Resolute Forest Products trade under the stock symbol RFP on both the New York Stock Exchange and the Toronto Stock Exchange.
Resolute and other member companies of the Forest Products Association of Canada, as well as a number of environmental organizations, are partners in the Canadian Boreal Forest Agreement. The group works to identify solutions to conservation issues that meet the goal of balancing equally the three pillars of sustainability linked to human activities: environmental, social and economic. Resolute is also a member of the World Wildlife Fund's Climate Savers program, in which businesses establish ambitious targets to voluntarily reduce greenhouse gas emissions and work aggressively toward achieving them.
SOURCE Resolute Forest Products Inc.
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