OAK BROOK, IL, June 14, 2013 /CNW/ - Primary Energy Recycling
Corporation (TSX: PRI), a clean energy company that generates revenue
from capturing and recycling recoverable heat and byproduct fuels from
industrial processes, today announced that shareholders have approved
all resolutions put forth at the Annual Meeting of Shareholders held in
Toronto, Ontario on Thursday, June 13, 2013.
Shareholders elected each of the Company's nominees for director by the
following votes cast by ballot:
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Total Votes
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Nominee
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Votes in
Favour
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%
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Votes
Withheld
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%
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A. Michel Lavigne
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29,504,527
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93.97
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1,894,941
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6.03
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Christopher H. Pickwoad
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29,504,494
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93.96
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1,894,974
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6.04
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Lorie Waisberg
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29,504,394
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93.96
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1,895,074
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6.04
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Rodney Boulanger
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29,504,527
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93.97
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1,894,941
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6.03
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John D. Prunkl
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29,504,494
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93.96
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1,894,974
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6.04
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Donald A. Pether
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29,504,527
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93.97
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1,894,941
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6.03
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Brian Greene
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29,506,659
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93.97
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1,892,809
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6.03
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As previously announced, the Company entered into an agreement with MSDC
Management, L.P., West Face Capital Inc., Kingstown Capital Management
L.P. and Cumberland Private Wealth Management Inc. to appoint two new
independent directors to the board following the Annual Meeting of
Shareholders. These Shareholders collectively own, or exercise control
or direction over, 54.0% of the Company's common shares. In accordance
with the agreement, Mr. Pickwoad resigned from the board following the
Annual Meeting of Shareholders and the size of the board was increased
from seven directors to eight directors. The board appointed Messrs.
Robert A. Peiser and Brian Redmond to fill the two resulting vacancies,
and Mr. Peiser has replaced Mr. Lavigne as Chairman of the Company's
board of directors.
Shareholders voted to re-appoint PricewaterhouseCoopers LLP as the
Company's auditor, and authorized the directors to fix the remuneration
of the auditor.
Complete voting results can be found on www.sedar.com
About Primary Energy Recycling Corporation
Primary Energy Recycling Corporation, headquartered in Oak Brook,
Illinois, owns and operates four recycled energy projects and a 50 per
cent interest in a pulverized coal facility (collectively, the
"Projects"). The Projects have a combined electrical generating
capacity of 298 megawatts and a combined steam generating capacity of
1.8M lbs/hour. Primary Energy Recycling Corporation creates value for
its customers by capturing and recycling waste energy from industrial
and electric generation processes and converting it into reliable and
economical electricity and thermal energy for resale back to its
customers. For more information, please go to www.primaryenergy.com.
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