Tembec reports on Shareholders’ voting results for the election of Directors

Date: 
January 27, 2017

Montreal, Quebec, January 27, 2017 – Tembec Inc. (the “Corporation”) today announced that all of the nominees proposed as directors in the management information circular dated December 16, 2016 were duly elected as directors of the Corporation by a majority of the votes cast by the shareholders present in person or represented by proxy at its Annual and Special Meeting of Shareholders (the “Meeting”) held on January 26, 2017 in Montreal. Based on the number of proxies received, the total number of shares voted at the Meeting was 73,976,852, representing 73.98% of the Corporation’s outstanding shares. The results of such vote are detailed below. Shareholders also ratified and confirmed the adoption of the advance notice by-law no 2016-2 with 87.05% of the votes cast being in favour of such by-law.

Final voting results on all matters voted on at the Meeting will be filed on SEDAR.

 

FOR

WITHHELD

NOMINEES

NUMBER

%

NUMBER

%

James N. Chapman

72,041,579

99.48

376,007

0.52

James V. Continenza

72,045,279

99.49

372,307

0.51

Michel J. Dumas

72,049,224

99.49

368,362

0.51

Jacques Leduc

72,093,683

99.55

323,903

0.45

James M. Lopez

72,160,038

99.64

257,548

0.36

Francis M. Scricco

72,156,684

99.64

260,902

0.36

David J. Steuart

72,092,636

99.55

324,950

0.45

Lorie Waisberg

71,916,866

99.31

500,720

0.69

 

 

 

 

 

 

 

 

 

 

 

 

 

Tembec is a manufacturer of forest products – lumber, pulp, paper, and specialty cellulose – and a global leader in sustainable forest management practices. Principal operations are in Canada and France. Tembec has approximately 3,000 employees and annual sales of approximately $1.5 billion. Tembec is listed on the Toronto Stock Exchange (TMB).

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Information:               
Patrick LeBel
Vice President, General Counsel and Corporate Secretary
Tel.: 514 871-1473
patrick.lebel@tembec.com