VOTING RESULTS OF McPHERSON'S LIMITED ANNUAL GENERAL MEETING
In accordance with ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act 2001 (Cth), please find attached the results of voting on all resolutions considered at the Company's 2021 Annual General Meeting today, including instructions given to validly appointed proxies and votes cast at the meeting on a poll.
Resolutions 2, 3, 4 and 5relating to the Remuneration Report and the election and re-election of Directors were carried.
Resolution 6relating to the approval of issue of performance rights to the CEO and Managing Director, Mr. Grant Peck, under the McPherson's Limited Performance Rights Plan, was not carried.
On his appointment the Company entered into an agreement with Mr. Peck in relation to his employment and remuneration as the Company's Chief Executive Officer, and as required under the Corporations Act and the Listing Rules of the Australian Securities Exchange, shareholder approval was being sought under Agenda Item 6 for certain of the benefits to be provided to him in connection with his position, in particular the grant of performance rights to Mr. Peck in the current year.
As the resolution was not carried the employment agreement requires the Company to provide comparable cash-based payments and LTI structures in lieu of each element of the proposed Rights grants. The Board will give consideration to each of these elements and seek independent advice if deemed necessary.
Yours faithfully,
P.R. Bennett
Company Secretary
This ASX announcement was approved and authorised for release by McPherson's Limited Board of Directors.
105 Vanessa Street, Kingsgrove NSW 2208,
Phone: (02) 9370 8000 Fax: (02) 9370 8090
Tuesday, 23 November 2021
Results of Meeting
The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2.
Resolution details
Resolution
Resolution
Type
2
Remuneration Report
Ordinary
3
Election of a Director - Mr. Ari Mervis
Ordinary
4
Re-election of a Director - Ms. Alison Cook
Ordinary
5
Re-election of a Director - Mr. Geoff Pearce
Ordinary
6. Approval of Issue of Performance Rights to the
Managing Director, Mr. Grant Peck,
Ordinary
under the McPherson's Limited Performance Rights Plan
Instructions given to validly appointed proxies
(as at proxy close)
For
Against
Proxy's
Abstain
Discretion
35,467,921
10,097,865
600,718
411,770
76.82%
21.88%
1.30%
45,752,970
966,983
599,518
341,011
96.70%
2.04%
1.26%
38,092,287
8,705,072
617,370
245,853
80.34%
18.36%
1.30%
37,377,950
8,627,186
752,518
902,828
79.94%
18.45%
1.61%
22,935,253
23,667,675
611,072
446,482
48.58%
50.12%
1.30%
Number of votes cast on the poll
(where applicable)
For
Against
Abstain*
36,256,579
10,386,964
561,770
77.73%
22.27%
46,435,522
1,360,988
491,011
97.15%
2.85%
39,047,970
8,843,798
395,853
81.53%
18.47%
38,743,381
8,641,312
902,828
81.76%
18.24%
23,673,886
23,996,781
616,854
49.66%
50.34%
Resolution
Result
Carried /
Not Carried
Carried
Carried
Carried
Carried
Not Carried
* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.
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Disclaimer
McPherson's Limited published this content on 26 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 08:19:01 UTC.
McPhersonâs Limited is an Australia-based supplier of health, wellness, and beauty products. The Company markets and distributes beauty care, hair care, skin care, vitamins, supplements and personal care items, such as facial wipes, cotton pads and foot comfort products, as well as a range of kitchen essentials, such as baking paper, cling wrap and aluminum foil. The Company has a diversified portfolio of brands, including Dr. LeWinnâs, Manicare, Lady Jayne, Swisspers, and Fusion. It has a supporting portfolio of brands in segments of the market, including haircare, vitamins and supplements, fragrance, and nutrition. The supporting portfolio brands include Aâkin, Maseur footcare, Wagner vitamins and supplements, Bondi Fragrance, Foster Grant eyecare, INC sports nutrition, Oriental Botanicals and Revitanail. Its segments include Australia and New Zealand (ANZ), and International. The International CBU comprises its brands sold in geographies other than Australia and New Zealand.