Resolute Stockholders Vote in Favor of Each Proposal at Annual Meeting

May 29, 2015, 17:00 ET from Resolute Forest Products Inc.

MONTRÉAL, May 29, 2015 /PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today held its annual meeting of stockholders in Augusta, Georgia. A total of 81,395,213 common shares, or 85.9% 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

Against

Abstain

Non-Votes

# of shares

%

# of shares

%

# of shares

Michel P. Desbiens

74,555,474

99.5

361,179

0.5

4,791

6,473,769

Jennifer C. Dolan

74,562,886

99.5

354,004

0.5

4,554

6,473,769

Richard D. Falconer

74,562,028

99.5

354,947

0.5

4,469

6,473,769

Richard Garneau

74,560,801

99.5

356,406

0.5

4,237

6,473,769

Jeffrey A. Hearn

70,344,690

93.9

4,572,004

6.1

4,750

6,473,769

Bradley P. Martin

72,812,449

97.2

2,067,056

2.8

41,939

6,473,769

Alain Rhéaume

74,412,429

99.3

504,316

0.7

4,699

6,473,769

Michael S. Rousseau

74,558,544

99.5

358,109

0.5

4,791

6,473,769

David H. Wilkins

74,563,924

99.5

352,957

0.5

4,563

6,473,769

 

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 2015 fiscal year.
  • An advisory vote to approve compensation of the company's named executive officers, as disclosed in the proxy statement.
  • The re-approval of the material terms of the performance goals in the Resolute Forest Products equity incentive plan.

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 some 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 80 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.

Resolute is proud to be ranked by Corporate Knights as one of Canada's Best 50 Corporate Citizens for 2014. In addition, the company and Richard Garneau, president and chief executive officer, have been named to Canada's Clean50. And in January 2015, Resolute was awarded The New Economy magazine's global Clean Tech Award for best forestry and paper solutions.

 

SOURCE Resolute Forest Products Inc.



RELATED LINKS

www.resolutefp.com