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Stuart Olson Reports on Voting Results of the 2018 Annual Meeting of Shareholders

May 23, 2018

CALGARY, May 23, 2018 /CNW/ - Stuart Olson Inc. (TSX: SOX, SOX.DB.A) ("Stuart Olson" or the "Company") held its annual shareholders meeting on May 23, 2018 in Calgary, Alberta.  A total of 14,555,627 shares, representing 53% of shares outstanding were represented in person or by proxy.

Below are the results of the matters that were voted on by shareholders:

1.  Election of Directors

Stuart Olson's seven director nominees were elected:

Nominee

Votes For (percent)

Votes Withheld (percent)

Richard T. Ballantyne

97%

3%

Albrecht W.A. Bellstedt

76%

24%

Chad Danard

77%

23%

Rod W. Graham

97%

3%

David J. LeMay

97%

3%

Carmen R. Loberg

94%

6%

Ian M. Reid

76%

24%

 

2.  Appointment of Auditors

The re-appointment of Deloitte & Touche LLP as auditors was approved.

Votes For (percent)

Votes Withheld (percent)

98%

2%

 

About Stuart Olson Inc.

Stuart Olson Inc. provides general contracting and electrical building systems contracting in the public and private construction markets as well as general contracting, electrical, mechanical and specialty trades, such as insulation, cladding and asbestos abatement, in the industrial construction and services market. The Company operates office locations and projects throughout Western Canada, Ontario and the territories. Stuart Olson was recognized as one of Alberta's Top 70 Employers in 2018 for the second consecutive year. Stuart Olson's common shares and convertible debentures are listed on the Toronto Stock Exchange under the symbols "SOX" and "SOX.DB.A", respectively. www.stuartolson.com

SOURCE Stuart Olson Inc.

Daryl Sands, Executive Vice President and Chief Financial Officer, Stuart Olson Inc., (403) 685-7777, Email: inquiries@stuartolson.com