Resolute Stockholders Vote in Favor of Each Proposal at Annual Meeting

MONTREAL, May 23, 2014 /PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today held its annual general meeting of stockholders in Saint-Félicien, Quebec. A total of 84,271,754 common shares, or 89.1% of the outstanding shares, were voted at the meeting. Shareholders voted in favor of each proposal, including the re-election of each director nominee, by a substantial majority:

Nominees For Withheld Non-Votes
  # of shares % # of shares %  
Michel P. Desbiens 80,500,139 99.4 481,670 0.6 3,289,945
Jennifer C. Dolan 80,506,029 99.4 475,780 0.6 3,289,945
Richard D. Falconer 80,503,934 99.4 477,875 0.6 3,289,945
Richard Garneau 80,504,023 99.4 477,786 0.6 3,289,945
Jeffrey A. Hearn 80,508,650 99.4 473,159 0.6 3,289,945
Bradley P. Martin 79,542,979 98.2 1,438,830 1.8 3,289,945
Alain Rhéaume 80,506,009 99.4 475,800 0.6 3,289,945
Michael Rousseau 80,506,775 99.4 475,034 0.6 3,289,945
David H. Wilkins 80,505,180 99.4 476,629 0.6 3,289,945

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 2014 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, specialty papers, market pulp and wood products. The Company owns or operates nearly 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. 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.

 

SOURCE Resolute Forest Products Inc.



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