TORONTO, May 17, 2016 /CNW/ - Callidus Capital
Corporation (TSX:CBL), ("Callidus" or the "Company"), today
announced that all of the nominee directors listed in the Company's
management information circular dated April
13, 2016, were elected as directors of the Company. The vote
was conducted at the Company's annual and special meeting of
shareholders held on May 17,
2016. Detailed results of the vote for the election of
directors, the appointment of auditors, and the resolution renewing
the incentive plan of the Company are set out below.
|
|
|
|
|
|
Nominee
|
Votes
For
|
%
For
|
Votes
Withheld
|
%
Withheld
|
|
Bradley
Ashley
|
38,923,905
|
99.98 %
|
7,644
|
0.02 %
|
|
Tibor
Donath
|
37,901,846
|
97.36 %
|
1,029,703
|
2.64 %
|
|
Newton
Glassman
|
38,464,797
|
98.80 %
|
466,752
|
1.20 %
|
|
Jim Riley
|
38,464,387
|
98.80 %
|
467,162
|
1.20 %
|
|
David
Sutin
|
37,901,846
|
97.36 %
|
1,029,703
|
2.64 %
|
In addition, the resolution to appoint KPMG LLP as auditors of
the Company for the ensuing year and to authorize the directors to
fix their remuneration was approved by a vote by way of a show of
hands.
Voting results on the resolution renewing the incentive plan of
the Company are set out below:
|
|
|
|
|
Votes
For
|
%
For
|
Votes
Against
|
%
Against
|
|
36,550,972
|
93.89 %
|
2,380,577
|
6.11 %
|
About Callidus Capital Corporation
Established in
2003, Callidus Capital Corporation is a Canadian company
that specializes in innovative and creative financing solutions for
companies that are unable to obtain adequate financing from
conventional lending institutions. Unlike conventional lending
institutions who demand a long list of covenants and make credit
decisions based on cash flow and projections, Callidus credit
facilities have few, if any, covenants and are based on the value
of the company's assets, its enterprise value and borrowing needs.
Callidus employs a proprietary system of monitoring collateral and
exercising control over the cash inflows and outflows of each
borrower, enabling Callidus to very effectively manage risk of
loss. Further information is available on our website,
www.calliduscapital.ca.
SOURCE Callidus Capital Corporation