EX-99.1 2 d469181dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

News Release    LOGO

For Immediate Release

WEST FRASER ANNOUNCES VOTING RESULTS OF THE ANNUAL SHAREHOLDERS MEETING

VANCOUVER, B.C., April 18, 2023 – West Fraser Timber Co. Ltd. (“West Fraser” or the “Company”) (TSX and NYSE: WFG) announced the voting results from its Annual General and Special Meeting held on Tuesday, April 18, 2023 in Quesnel, BC.

Voting Results for the Election of Directors

A total of 69,696,525 Common shares and Class B Common shares were voted at the meeting, representing 83.41% 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    Votes
For
     % of Votes
in Favour
     Votes
Withheld
     % of Votes
Withheld
 

Hank Ketcham

     65,972,655        97.19        1,907,222        2.81  

Doyle N. Beneby

     67,677,147        99.70        202,731        0.30  

Reid E. Carter

     65,845,948        97.00        2,033,929        3.00  

Raymond Ferris

     67,855,089        99.96        24,788        0.04  

John N. Floren

     66,327,081        97.71        1,552,796        2.29  

Ellis Ketcham Johnson

     67,553,290        99.52        326,587        0.48  

Brian G. Kenning

     65,771,883        96.89        2,107,995        3.11  

Marian Lawson

     67,680,778        99.71        199,099        0.29  

Colleen McMorrow

     67,387,056        99.27        492,822        0.73  

Janice G. Rennie

     64,808,681        95.48        3,071,197        4.52  

Gillian D. Winckler

     67,418,463        99.32        461,415        0.68  

Voting Results for Other Matters

Shareholders approved the fixing the number of directors at eleven (11).

Shareholders approved the appointment of PricewaterhouseCoopers LLP as auditor of the Company.

The resolution on the Company’s approach to executive compensation (Say-on-Pay) as described in the Company’s management information circular dated March 9, 2023 was also approved, with 93.89% of votes cast in favour.

The resolution on the amendment, restatement and continuation of the Company’s Shareholder Rights Plan as described in the Company’s management information circular dated March 9, 2023 was also approved, with 73.19% of votes cast in favour.

Detailed voting results for the meeting are available on SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.shtml.


About West Fraser

West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. From responsibly sourced and sustainably managed forest resources, the Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Fraser’s products are used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials. For more information about West Fraser, visit www.westfraser.com.

For More Information

Investor Contact

Robert B. Winslow, CFA

Director, Investor Relations & Corporate Development

Tel. (416) 777-4426

shareholder@westfraser.com

Media Contact

Joyce Wagenaar

Director, Communications

Tel. (604) 817-5539

media@westfraser.com

 

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