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Toromont Announces Election of Board of Directors

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TORONTO, May 05, 2021 (GLOBE NEWSWIRE) -- Toromont Industries Ltd. (TSX:TIH) (“Toromont”) is pleased to announce that on May 5, 2021, at its Annual and Special Meeting of Shareholders, all the nominees listed in its Management Information Circular dated February 26, 2021 were elected as Directors of Toromont. The detailed results of the vote are as follows:

Nominee

Total
Votes
For

Percentage of
Votes In
Favour

Total
Votes

Withheld

Percentage of
Votes
Withheld


Total
Votes

Peter J. Blake

64,342,046

99.16%

542,340

0.84%

64,884,386

Benjamin D. Cherniavsky

64,533,966

99.46%

350,420

0.54%

64,884,386

Jeffery S. Chisholm

60,870,406

93.81%

4,013,980

6.19%

64,884,386

Cathryn E. Cranston

62,626,622

96.52%

2,257,764

3.48%

64,884,386

James W. Gill

62,849,031

96.86%

2,035,355

3.14%

64,884,386

Wayne S. Hill

63,505,909

97.88%

1,378,477

2.12%

64,884,386

Sharon L. Hodgson

64,177,961

98.91%

706,425

1.09%

64,884,386

Scott J. Medhurst

64,426,972

99.30%

457,414

0.70%

64,884,386

Robert M. Ogilvie

62,933,816

96.99%

1,950,570

3.01%

64,884,386

Katherine A. Rethy

62,861,390

96.88%

2,022,996

3.12%

64,884,386

Richard G. Roy

60,151,181

92.71%

4,733,205

7.29%

64,884,386

About Toromont

Toromont Industries Ltd. operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory - spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Québec, Ontario and Manitoba in addition to most of the territory of Nunavut. In addition, the Group includes industry leading rental operations, a complementary material handling business and an agricultural equipment business. CIMCO is a market leader in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems. Both segments offer comprehensive product support capabilities. This press release and more information about Toromont Industries can be found at www.toromont.com.

For more information contact:

Michael S. McMillan
Executive Vice President and Chief Financial Officer
Toromont Industries Ltd.
T: (416) 514-4790