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ISC announces results of Annual and Special Meeting of Shareholders

May 13, 2014

REGINA, May 13, 2014 /CNW/ - Information Services Corporation (TSX:ISV) ("ISC" or "the Company") today announced the voting results from its Annual and Special Meeting of Shareholders ("the Meeting") held on Tuesday, May 13, 2014 in Regina, Saskatchewan.

A total of 12,711,192 shares were represented at the Meeting, being 72.63 per cent of the Company's issued and outstanding Class A Limited Voting shares.  Shareholders voted in favour of all matters brought before the Meeting, including the appointment of Deloitte LLP as auditors for the ensuing year, the acceptance of the Company's stock option plan and the election of its Board of Directors.

Director Voting

The following three members of the Board were appointed by the Lieutenant Governor In Council of the Province of Saskatchewan in lieu of Crown Investments Corporation of Saskatchewan (CIC) voting its shares on any resolution to elect directors, as provided for in The Information Services Corporation Act: Joel Teal, Thomas Christiansen and Douglas Emsley.

Detailed results of the ballot vote for the election of the remaining six directors are provided in the table below:

Nominee Votes For % Votes For Votes
Withheld
% Votes
Withheld
Jess Huan Chua 7,258,338 99.82% 14,354 0.20%
Anthony Robert Guglielmin 7,261,133 99.86% 10,259 0.14%
William (Scott) Musgrave 7,261,705 99.87% 10,987 0.13%
Michelle Ouellette, Q.C. 7,261,938 99.87% 10,754 0.13%
Bradley S. Sylvester 7,266,434 99.93% 6,258 0.09%
Dion E. Tchorzewski 7,257,509 99.81% 15,183 0.20%

 

Stock Option Plan

Detailed results of the ballot vote for the acceptance of the Company's stock option plan are provided in the table below:

Resolution Votes for % Votes For Votes
Against
% Votes
Against
Approval of the Company's stock
option plan.
10,471,104 82.46% 2,227,588 17.54%

 

The Company has filed a report of the results of resolutions voted on at the Meeting on www.sedar.com

About ISC

ISC is a provider of registry and information services to the Province of Saskatchewan. The Company is the exclusive provider of the Land Titles Registry, Land Surveys Directory, Personal Property Registry and Corporate Registry in Saskatchewan, which are key supporters of economic activity in the province. 

SOURCE Information Services Corporation

For further information:

MEDIA CONTACT:
Colleen Hawkesford
1-306-787-3097
colleen.hawkesford@isc.ca

INVESTOR CONTACT:
Jonathan Hackshaw
Toll Free:  1-855-341-8363 in North America or 1-306-798-1137
investor.relations@isc.ca

Interactive Analyst Centre

Disclaimer

Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk.

Information Services Corporation (“ISC”) has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only.

By clicking “Accept” you acknowledge and agree that neither ISC nor third party provider Virtua Research, Inc. (“Virtua") is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against ISC and Virtua and further acknowledge and agree that in no event shall ISC or Virtua, its officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to the Legal Notice, this disclaimer or the External Site.

By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if ISC and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s).

If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-IFRS Information

In addition to disclosing results determined in accordance with IFRS, ISC may also disclose certain non-IFRS and pro forma non-IFRS results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. Management believes that this non-IFRS and pro forma non-IFRS information provides investors with additional information to assess ISC operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing our operating performance to prior periods. Management uses this non-IFRS and pro forma non-IFRS information, along with IFRS information, in evaluating its historical operating performance. ISC and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data.

The non-IFRS information is not prepared in accordance with IFRS and may not be comparable to non-IFRS information used by other companies. The non-IFRS information should not be viewed as a substitute for, or superior to, other data prepared in accordance with IFRS.

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