LONDON, ON, April 18, 2024 /PRNewswire/ - VersaBank (TSX:
VBNK) (NASDAQ: VBNK) ("VersaBank" or the "Bank") reports the
results of its 2024 Annual and Special Meeting of Shareholders (the
"Meeting") held in London, Ontario
on April 17, 2024.
Each of the director nominees listed in VersaBank's Management
Information Circular dated February 22,
2024, were elected as directors of the Bank. The detailed
results of the vote are as follows, with percentages rounded to two
decimal places:
|
|
|
|
|
Director
|
|
Number of Votes
Cast
|
Percentage of
Votes
Cast
|
|
Robbert-Jan
Brabander
|
In Favour:
Withheld:
|
6,914,502
|
95.39
|
%
|
|
334,060
|
4.61
|
%
|
|
David A.
Bratton
|
In Favour:
Withheld:
|
7,096,860
|
97.96
|
%
|
|
147,877
|
2.04
|
%
|
|
Gabrielle
Bochynek
|
In Favour:
|
6,915,851
|
95.41
|
%
|
|
Withheld:
|
332,711
|
4.59
|
%
|
|
The Honourable Thomas
A. Hockin
|
In Favour:
Withheld:
|
7,175,775
|
99.00
|
%
|
|
72,787
|
1.00
|
%
|
|
Peter M.
Irwin
|
In Favour:
|
7,144,102
|
98.56
|
%
|
|
Withheld:
|
104,460
|
1.44
|
%
|
|
Richard
Jankura
|
In Favour
|
7,182,040
|
99.08
|
%
|
|
Withheld:
|
66,522
|
0.92
|
%
|
|
Arthur
Linton
|
In Favour:
Withheld:
|
7,180,747
|
99.06
|
%
|
|
67,815
|
0.94
|
%
|
|
Susan T.
McGovern
|
In Favour:
Withheld:
|
6,897,927
|
95.16
|
%
|
|
350,635
|
4.84
|
%
|
|
Paul G.
Oliver
|
In Favour:
Withheld:
|
7,166,643
|
98.87
|
%
|
|
81,919
|
1.13
|
%
|
|
David R.
Taylor
|
In Favour:
Withheld:
|
7,148,656
|
98.62
|
%
|
|
99,906
|
1.38
|
%
|
At the Meeting, the Shareholders also approved the appointment
of Ernst & Young LLP as auditors of the Bank and the renewal of
the Bank's Long-Term Incentive Plan.
VersaBank's Voting Results with respect to all matters voted
upon at the Meeting will be filed on SEDAR at www.sedarplus.ca and
EDGAR at www.sec.gov/edgar.
ABOUT VERSABANK
VersaBank is a Canadian Schedule I chartered (federally
licensed) bank with a difference. VersaBank became the world's
first fully digital financial institution when it adopted its
highly efficient business-to-business model in 1993 using its
proprietary state-of-the-art financial technology to profitably
address underserved segments of the Canadian banking market in the
pursuit of superior net interest margins while mitigating risk.
VersaBank obtains all of its deposits and provides the majority of
its loans and leases electronically, with innovative deposit and
lending solutions for financial intermediaries that allow them to
excel in their core businesses. In addition, leveraging its
internally developed IT security software and capabilities,
VersaBank established wholly owned, Washington, DC-based subsidiary, DRT Cyber
Inc. to safeguard its digital infrastructure and to pursue
significant large-market opportunities in cyber security and
develop innovative solutions to address the rapidly growing volume
of cyber threats challenging financial institutions, multi-national
corporations and government entities on a daily basis.
VersaBank's Common Shares trade on the Toronto Stock Exchange
("TSX") and Nasdaq under the symbol VBNK. Its Series 1 Preferred
Shares trade on the TSX under the symbol VBNK.PR.A.
Visit our website at: www.versabank.com
Follow VersaBank on Facebook, Instagram, LinkedIn and
Twitter.
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SOURCE VersaBank