EXHIBIT 99.1
FIRSTSERVICE CORPORATION
(“FirstService”)
Annual and Special Meeting of
FirstService Shareholders held on April 6, 2023
REPORT OF VOTING RESULTS
Pursuant to Section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations
Brief Description of Matter Voted Upon | Outcome of Vote (1) | Proxies/Votes Received | ||||
For | Against | Withheld | Not Voted | |||
1. | Appointment of Pricewaterhouse-Coopers LLP, Chartered Accountants and Licensed Public Accountants, as the independent auditors of FirstService until the close of the next annual meeting of the shareholders and authorizing the directors of FirstService to fix their remuneration | Approved | 37,713,013 (99.79%) | – | 79,295 (0.21%) | – |
2. | Individual election, as directors of FirstService, of the eight nominees named in the Management Information Circular of FirstService dated February 27, 2023 (the “Circular”) | |||||
· Yousry Bissada | Approved | 34,129,823 (90.31%) | – | 3,662,485 (9.69%) | – | |
· Elizabeth Carducci | Approved | 37,753,984 (99.90%) | – | 38,324 (0.10%) | – | |
· Steve H. Grimshaw | Approved | 34,093,146 (90.21%) | – | 3,699,162 (9.79%) | – | |
· Jay S. Hennick | Approved | 33,972,229 (89.89%) | – | 3,820,079 (10.11%) | – | |
· D. Scott Patterson | Approved | 37,731,508 (99.84%) | – | 60,800 (0.16%) | – | |
· Frederick F. Reichheld | Approved | 34,372,958 (90.95%) | – | 3,419,350 (9.05%) | – | |
· Joan Eloise Sproul | Approved | 37,426,446 (99.03%) | – | 365,862 (0.97%) | – | |
· Erin J. Wallace | Approved | 28,489,026 (75.38%) | – | 9,303,282 (24.62%) | – | |
3. | In respect of approving an amendment to the FirstService Stock Option Plan to increase the maximum number of Common Shares reserved for issuance pursuant to the exercise of stock options granted thereunder by 1,900,000, and to ratify and approve the issuance of certain stock options granted to certain employees of FirstService, all as more particularly set forth and described in the Circular | Approved | 25,142,877 (66.53%) | 12,649,431 (33.47%) | – | – |
4. | Non-binding advisory resolution on FirstService’s approach to executive compensation as set out in the Circular | Approved | 30,811,478 (81.53%) | 6,980,829 (18.47%) | – | – |
(1) | The number of votes disclosed for each of items 1 through 4 reflects proxies received by management in advance of the meeting and votes made on each ballot at the meeting. |
DATED: April 6, 2023