Exhibit 99.1
ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS |
VIRTUAL MEETING |
Thursday, April 7, 2022 |
VOTING RESULTS |
In accordance with section 11.3 of National Instrument 51-102 Continuous Disclosure Obligations |
The following matters were voted on at the Annual and Special Meeting of Shareholders of CIBC (the "Bank") held on April 7, 2022. The votes were conducted by ballot. Each of the matters set out below is described in greater detail in the Management Proxy Circular which can be found at https://www.cibc.com/en/about-cibc/investor-relations/annual-reports-and-proxy-circulars.html. |
1. | Election of Directors |
Each of the following 14 nominees proposed by management was elected as a Director of the Bank.
NOMINEES | VOTES FOR | VOTES WITHHELD | |||
Election of Directors | FOR | % FOR | WITHHOLD | % WITHHOLD | |
Ammar Aljoundi | 213,813,989 | 99.52% | 1,021,506 | 0.48% | |
Charles J.G. Brindamour | 213,922,850 | 99.58% | 912,645 | 0.42% | |
Nanci E. Caldwell | 205,325,230 | 95.57% | 9,510,265 | 4.43% | |
Michelle L. Collins | 213,806,198 | 99.52% | 1,029,297 | 0.48% | |
Luc Desjardins | 210,280,153 | 97.88% | 4,555,342 | 2.12% | |
Victor G. Dodig | 213,612,610 | 99.43% | 1,222,885 | 0.57% | |
Kevin J. Kelly | 213,965,876 | 99.60% | 869,619 | 0.40% | |
Christine E. Larsen | 214,064,259 | 99.64% | 771,236 | 0.36% | |
Nicholas D. Le Pan | 204,855,870 | 95.35% | 9,979,625 | 4.65% | |
Mary Lou Maher | 213,258,292 | 99.27% | 1,577,203 | 0.73% | |
Jane L. Peverett | 201,642,950 | 93.86% | 13,192,545 | 6.14% | |
Katharine B. Stevenson | 212,345,575 | 98.84% | 2,489,920 | 1.16% | |
Martine Turcotte | 212,277,811 | 98.81% | 2,557,684 | 1.19% | |
Barry L. Zubrow | 212,126,300 | 98.74% | 2,709,195 | 1.26% |
2. | Appointment of Auditors |
Ernst & Young LLP was appointed as the auditors of the Bank.
VOTES FOR | VOTES WITHHELD | |||
204,137,611 | 93.00% | 15,353,435 | 7.00% | |
3. | Advisory resolution regarding our Executive Compensation Approach (Say on Pay) |
VOTES FOR | VOTES AGAINST | |||
205,113,850 | 95.48% | 9,721,230 | 4.52% | |
4. | Special Resolution to amend By-Law No.1 to give effect to a two-for-one share split of CIBC common shares |
VOTES FOR | VOTES AGAINST | |||
214,374,917 | 99.79% | 460,132 | 0.21% | |
5. | Special Resolution regarding variable compensation for UK Material Risk Takers |
VOTES FOR | VOTES AGAINST | |||
212,545,446 | 98.93% | 2,288,736 | 1.07% | |
6. | Shareholder Proposal 1 |
- Benefit Corporation
VOTES FOR | VOTES AGAINST | VOTES ABSTAIN * | ||||
12,347,708 | 5.78% | 201,191,426 | 94.22% | 1,295,904 | 0.61% | |
7. | Shareholder Proposal 2 |
- Advisory vote on environmental policy
VOTES FOR | VOTES AGAINST | VOTES ABSTAIN * | ||||
48,858,751 | 24.31% | 152,151,815 | 75.69% | 13,825,043 | 6.88% | |
8. | Shareholder Proposal 3 |
- French as an official language
VOTES FOR | VOTES AGAINST | VOTES ABSTAIN * | ||||
2,107,509 | 0.99% | 211,678,212 | 99.01% | 1,049,882 | 0.49% | |
9. | Shareholder Proposal 4 |
-CEO/Median worker pay ratio
VOTES FOR | VOTES AGAINST | VOTES ABSTAIN * | ||||
30,378,327 | 14.81% | 174,707,496 | 85.19% | 9,749,785 | 4.75% | |
* An abstention is counted as present for quorum purposes but is not counted as a vote cast in determining whether the requisite majority of votes cast has approved the proposal.
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