TORONTO, ONTARIO (June 1, 2022) – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or the “Company”) announced the results from its Annual and Special Meeting of Shareholders (the “Meeting”) held earlier today.
A total of 22,773,765 of Park Lawn’s common shares (“Shares”) (representing approximately 66.97% of the issued and outstanding Shares as of the record date for the meeting) were represented at the Meeting. The vote was conducted by online ballot.
Each of Park Lawn’s eight directors were elected at the Meeting by a resolution passed by the shareholders present or represented by proxy at the Meeting, to hold office until the close of the next annual meeting of shareholders. The results of the vote are detailed below:
| Nominee | Votes For | % of Votes For | Votes Withheld | % of Votes Withheld |
| Marilyn Brophy | 22,029,724 | 97.483% | 568,743 | 2.517% |
| Jay D. Dodds | 21,558,497 | 95.398% | 1,039,970 | 4.602% |
| Amy Freedman | 20,090,056 | 88.900% | 2,508,411 | 11.100% |
| J. Bradley Green | 22,570,531 | 99.876% | 27,936 | 0.124% |
| Deborah Robinson | 21,630,218 | 95.715% | 968,249 | 4.285% |
| Steven Scott | 17,565,387 | 77.728% | 5,033,080 | 22.272% |
| Paul G. Smith | 22,399,432 | 99.119% | 199,035 | 0.881% |
| John Ward | 22,483,431 | 99.491% | 115,036 | 0.509% |
The results of the vote to appoint KPMG LLP and authorize the directors to fix their remuneration are as follows:
| Votes For | % of Votes For | Votes Withheld | % of Votes Withheld |
| 22,662,951 | 99.536% | 105,639 | 0.464% |
The results of the vote to increase the number of Shares reserved for issuance under Park Lawn’s Second Amended and Restated Equity Incentive Plan by 700,000 Shares from 2,400,000 to 3,100,000 Shares are as follows:
| Votes For | % of Votes For | Votes Against | % of Votes Against |
| 20,651,853 | 91.386% | 1,946,614 | 8.614% |
Park Lawn’s Chief Executive Officer, Brad Green, stated, “Park Lawn is pleased to have received the majority support of its shareholders for each of management’s proposals at this year’s Annual and Special Meeting. We look forward to continuing to work towards our 2026 aspirational targets through operational high performance and execution of our growth strategy to provide maximum shareholder value.”
About Park Lawn Corporation
Park Lawn provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). Park Lawn and its subsidiaries own and operate businesses including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. Park Lawn operates in three Canadian provinces and sixteen U.S. states.
Cautionary Statement Regarding Forward‐Looking Information
This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of Park Lawn and the environment in which it operates. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, “estimate”, “pro-forma” and other similar expressions. These statements are based on Park Lawn’s expectations, estimates, forecasts and projections and include, without limitation, Park Lawn’s growth strategy and meeting expectations of shareholders. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, risks associated with the current COVID-19 pandemic and the other factors discussed under the heading “Risk Factors” in Park Lawn’s most recent Annual Information Form available at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, Park Lawn assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact Information
Daniel Millett
Chief Financial Officer
(416) 231-1462, ext. 221