LONDON, Ontario--(BUSINESS WIRE)--VersaBank (the “Bank”) is pleased to announce that Art Linton was elected to its Board of Directors (the “Board”) at the Annual Meeting of Shareholders (the “Meeting”) held on April 22, 2020. Mr. Linton brings to the Board a wealth of knowledge and experience in business, law, cyber security and other banking subject areas.
Mr. Linton is a lawyer with over 30 years business experience. He is an advisor to businesses in Canada and abroad. His extensive experience as an entrepreneur and corporate leader will make a valuable contribution to the Board. Mr. Linton is a graduate of the Osgoode Hall Law School.
As recently announced, Avery Pennarun has become a director for DRT Cyber Inc., a subsidiary of the Bank, and did not seek re-election at the Meeting. Mr. Pennarun served on the VersaBank Board for four years and has made a significant contribution to the Bank’s success. He will continue to advise the VersaBank Board on information technology matters.
David Taylor, President & CEO of VersaBank stated: “I want to thank Avery Pennarun for his dedicated service to the Board and look forward to continuing our association with him as a member of the DRT Cyber Inc. Board. I am very pleased Mr. Linton has agreed to stand for election to our Board. Mr. Linton’s extensive experience as an entrepreneur and corporate leader will benefit our Board.”
VersaBank is pleased to announce that each of the director nominees listed in its Management Information Circular dated February 28, 2020, were elected as directors of the Bank. The detailed results of the vote are as follows, with percentages rounded to two decimal places:
Director |
|
Number of Votes Cast |
Percentage of Votes Cast |
||||
Robbert-Jan Brabander |
In Favour: |
12,964,775 |
99.70 |
% |
|||
|
Withheld: |
38,779 |
0.30 |
% |
|||
Gabrielle Bochynek |
In Favour: |
12,738,232 |
97.96 |
% |
|||
|
Withheld: |
265,322 |
2.04 |
% |
|||
David A. Bratton |
In Favour: |
12,882,224 |
99.07 |
% |
|||
|
Withheld: |
121,330 |
0.93 |
% |
|||
Richard W. Carter |
In Favour: |
12,964,775 |
99.70 |
% |
|||
|
Withheld: |
38,779 |
0.30 |
% |
|||
The Honourable Thomas A. Hockin |
In Favour: |
12,886,042 |
99.10 |
% |
|||
|
Withheld: |
117,512 |
0.90 |
% |
|||
Art Linton |
In Favour: |
12,965,216 |
99.71 |
% |
|||
|
Withheld: |
38,338 |
0.29 |
% |
|||
Colin E. Litton |
In Favour: |
12,960,175 |
99.67 |
% |
|||
|
Withheld: |
43,379 |
0.33 |
% |
|||
Susan T. McGovern |
In Favour: |
12,934,066 |
99.47 |
% |
|||
|
Withheld: |
69,488 |
0.53 |
% |
|||
Paul G. Oliver |
In Favour: |
12,965,027 |
99.70 |
% |
|||
|
Withheld: |
38,527 |
0.30 |
% |
|||
David R. Taylor |
In Favour: |
12,967,775 |
99.72 |
% |
|||
|
Withheld: |
35,779 |
0.28 |
% |
The Shareholders also approved the re-appointment of KPMG LLP as auditors of the Bank.
VersaBank’s Voting Results with respect to all matters voted upon at the Meeting will be filed on SEDAR at www.sedar.com.
ABOUT VERSABANK
VersaBank adopted an electronic B2B branchless model in 1993, becoming the world’s first branchless financial institution. It holds a Canadian Schedule I chartered bank license and obtains its deposits, and the majority of its loans and leases, electronically. VersaBank’s Common Shares trade on the Toronto Stock Exchange under the symbol VB and its Series 1 Preferred Shares and Series 3 Preferred Shares trade under the symbols VB.PR.A and VB.PR.B, respectively.