Acadian Timber elects five director nominees to board at annual shareholders' meeting in Toronto
Aimee Bellah
TORONTO
,
May 13, 2014
(press release)
–
Acadian Timber Corp. (TSX:ADN) ("Acadian Timber" or the "Company") announced that the nominees listed in the management proxy circular for the 2014 Annual Meeting of Shareholders were elected as directors of the Company. Detailed results of the votes by proxy for the election of directors held at the Annual Meeting of Shareholders today in Toronto are set out below.
Nominee
Votes For
% For
Votes Withheld
% Withheld
J.W. Bud Bird
10,524,917
99.47
56,239
0.53
Reid Carter
10,529,717
99.51
51,439
0.49
David Mann
10,271,800
97.08
309,356
2.92
Samuel J.B. Pollock
10,528,807
99.51
52,349
0.49
Saul Shulman
10,266,900
97.03
314,256
2.97
About Acadian Timber
Acadian Timber is a leading supplier of primary forest products in Eastern Canada and the Northeastern U.S. With a total of 2.4 million acres of land under management, Acadian Timber is the second largest timberland operator in New Brunswick and Maine.
Acadian Timber owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine, and provides management services relating to approximately 1.3 million acres of Crown licensed timberlands in New Brunswick. Acadian Timber also owns and operates a forest nursery in Second Falls, New Brunswick. Acadian Timber's products include softwood and hardwood sawlogs, pulpwood and biomass by-products, sold to approximately 90 regional customers.
Acadian Timber's business strategy is to maximize cash flows from its existing timberland assets while growing its business by acquiring assets on a value basis and utilizing its operations-oriented approach to drive improved performance.
Acadian Timber's shares are listed for trading on the Toronto Stock Exchange under the symbol ADN.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.