Toromont Announces Election of Board of Directors

TORONTO, May 03, 2019 (GLOBE NEWSWIRE) -- Toromont Industries Ltd. (TSX:TIH) (“Toromont”) is pleased to announce that on May 3, 2019, at its annual meeting of shareholders, all the nominees listed in its Management Information Circular dated February 28, 2019 were elected as directors of Toromont. The detailed results of the vote are as follows:

Nominee Total Votes For Percentage of Votes In Favour Total Votes Withheld Percentage of Votes Withheld
1. Peter J. Blake 62,927,398 97.6% 1,554,100 2.4%
2. Jeffrey S. Chisholm 64,172,849 99.5% 308,649 0.5%
3. Cathryn E. Cranston 64,342,307 99.8% 139,191 0.2%
4. Robert M. Franklin 63,385,534 98.3% 1,095,964 1.7%
5. James W. Gill 64,448,515 99.9% 32,983 0.1%
6. Wayne S. Hill 63,189,427 98.0% 1,292,071 2.0%
7. Sharon L. Hodgson 64,402,088 99.9% 79,410 0.1%
8. Scott J. Medhurst 64,368,804 99.8% 112,694 0.2%
9. Robert M. Ogilvie 61,752,167 95.8% 2,729,331 4.2%
10. Katherine A. Rethy 64,289,952 99.7% 191,546 0.3%
11. Richard G. Roy 62,686,183 97.2% 1,795,315 2.8%
         

About Toromont

Toromont Industries Ltd. operates through two business segments: The Equipment Group and CIMCO.  The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory - spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Québec, Ontario and Manitoba in addition to most of the territory of Nunavut.  In addition, the Group includes industry leading rental operations, a complementary material handling business and an agricultural equipment business.  CIMCO is a market leader in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems. Both segments offer comprehensive product support capabilities. This press release and more information about Toromont Industries can be found at www.toromont.com.

For more information contact:

Paul R. Jewer 
Executive Vice President and Chief Financial Officer
Toromont Industries Ltd.
T: (416) 514-4790

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Source: Toromont Industries Ltd.




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