West Fraser Secures 88.3% Vote Turnout, Approves Say-on-Pay at 86.4%
West Fraser shareholders cast 69,106,612 votes (88.26% turnout) to elect all 11 directors, with individual support ranging from 86.40% to 99.96%. Shareholders also approved PWC as auditor, Say-on-Pay with 86.41% support, and reconfirmed the Shareholder Rights Plan with 87.03% backing.
1. Voting turnout and director elections
West Fraser shareholders voted 69,106,612 shares, representing 88.26% of outstanding shares, to elect all eleven director nominees. Individual support ranged from 86.40% for Hank Ketcham to 99.96% for Eric L. Butler and Marian Lawson, with all nominees receiving majority approval.
2. Auditor appointment
Shareholders approved the appointment of PricewaterhouseCoopers LLP as auditor by show of hands, maintaining continuity in external auditing oversight. The motion to fix the number of directors at eleven was also passed, formalizing board size for the upcoming term.
3. Governance resolutions
The Say-on-Pay executive compensation resolution garnered 86.41% support, reflecting investor backing for the compensation framework outlined in the March 6 circular. The Shareholder Rights Plan reconfirmation passed with 87.03% approval, ensuring continuation of the company’s existing shareholder protection measures.