ShawCor Names New Chair & Vice Chair And Reports Voting Results from Annual General Meeting

TORONTO, May 17, 2013 /CNW/ – ShawCor Ltd. (TSX:SCL.TO) announced today that its Board of Directors had appointed independent director John F. (Jack) Petch as its new Chair of the Board.  Mr. Petch joined the ShawCor Board in 2005 and has previously served as its Lead Director, Chair of the Corporate Governance Committee and Chair of the Special Committee which was constituted in the fall of 2012 in connection with ShawCor’s strategic review process.

Another independent director, Robert J. Ritchie, has been appointed Vice Chair of the Board.  Mr. Ritchie joined the ShawCor Board in 1994, previously served as the Chair of its Audit Committee and currently serves as the Chair of its Compensation Committee, a role he will continue.

ShawCor also announced today, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held May 16, 2013 in Toronto, Ontario.

A total of 49,220,908 common shares were voted at the meeting, representing 83.04% of the votes attached to all outstanding shares.  Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees as follows:

Director		Percentage of Votes in Favour
J.T. Baldwin		99.8
D.S. Blackwood		99.0
W.P. Buckley		99.9
J.W. Derrick		99.9
D.H. Freeman		99.9
J.F. Petch		99.4
R.J. Ritchie		99.1
P.G. Robinson		99.9
H.A. Shaw		99.1
Z.D. Simo		99.4
E.C. Valiquette		99.9

Detailed voting results for the meeting are available on SEDAR at www.sedar.com

About ShawCor

ShawCor Ltd. is an energy services company specializing in products and services for the pipeline and pipe services and the petrochemical and industrial segments of the oil and gas industry. The company operates through eight divisions with over seventy manufacturing and service facilities located around the world.

 

SOURCE: ShawCor Ltd.