AIMIA CONFIRMS ELECTION OF DIRECTORS
In This Article:
TORONTO, June 26, 2024 /CNW/ - Aimia Inc. (TSX: AIM) ("Aimia" or the "Company") today announced that all seven of the nominees proposed for election to its board of directors listed in its management information circular dated May 27, 2024 were elected at the Company's annual general meeting of shareholders held today in Toronto. The meeting was contested, with an alternative slate of six dissident nominees being proposed at the meeting. A total of 81,354,667 common shares, or 81.62% of Aimia's issued and outstanding common shares, were represented in person or proxy at the meeting.
Detailed results of the vote for each director nominee are set out below.
| Management Nominee | Votes For |
| Roberg Feingold | 44,326,645 |
| Thomas Finke (Executive Chair) | 44,416,954 |
| Linda S. Habgood | 44,227,269 |
| Thomas Little | 44,326,769 |
| James Scarlett | 44,273,097 |
| Ioannis (Yannis) Skoufalos | 79,918,046 |
| Jordan G. Teramo | 43,198,307 |
| Dissident Nominee | Votes For |
| Turki Saleh A. AlRajhi | 36,266,051 |
| Muhammad Asif | 36,250,203 |
| Tariq Hamoodi | 35,944,678 |
| Max Volsky | 35,944,660 |
| Sharon Stern | 36,266,105 |
| Naveed Kamran | 35,952,838 |
"On behalf of Aimia's Board of Directors, I would like to thank shareholders for their support and endorsement of our strategy to unlock value for all investors," said Tom Finke, Aimia's Executive Chairman. "With the outcome of our AGM now behind us, our near-term focus will be to launch a strategic review with the help of external advisors and identify the best options for returning capital to shareholders. These options may include the potential sale of Aimia's core holdings, the potential spinoff of core holdings, the potential recapitalization of the Holdco or core holdings or the potential merger of core holdings with other entities to take advantage of our cumulative tax losses."
Mr. Finke added, "Other priorities in the near term include the continued execution of our normal course issuer bid to purchase up to 7 million common shares, meeting the guidance expectations we set earlier this year to generate adjusted EBITDA of $80 to $85 million through our core holdings on a combined basis, and continued efforts to reduce costs at the Holdco."
Following the meeting of shareholders, Aimia's Board appointed Tom Little, CPA, ICD.D. as Lead Independent Director and Chair of the Company's Audit, Finance, and Risk Committee. Mr. Little previously served as the Executive Vice President of Bell Canada and President of Bell Business Markets, where he successfully implemented strategies to drive growth and enhance the client experience by integrating wireless and wireline business groups. Prior to that, he helped build and operate successful Canadian technology companies including as the President and CEO of VisualSonics Inc. and as EVP and GM at Dicom DICOM Information Technologies, which both yielded successful liquidity events. Mr. Little is a Chartered Professional Accountant and holds an Honours Business Administration degree from the IVEY School of Business at the University of Western Ontario. Additionally, he has obtained an ICD.D designation from the Rotman Directors Education Program. Mr. Little has served as an Aimia director since July 2023.