Exhibit 99.1
REPORT UNDER
NATIONAL INSTRUMENT 51-102
REPORT OF VOTING RESULTS
To: | Canadian Securities Administrators |
In accordance with section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations, the following sets out the matters voted on at the Annual Meeting of Shareholders of Bank of Montreal (the “Bank”) held on April 7, 2021 and, as such votes were conducted by ballot, the number and percentage of votes cast for, against/withheld from each vote. Each of the matters set out below is described in greater detail in the Notice of Annual Meeting of Shareholders and Management Proxy Circular which is available at www.bmo.com/investorrelations.
The Board of Directors and management of the Bank recommended that shareholders vote FOR the election as director of each of the 13 nominees listed in the Management Proxy Circular, FOR the appointment of KPMG LLP as Auditors of the Bank, FOR the advisory vote on the Bank’s approach to executive compensation, and AGAINST Shareholder Proposal No. 1.
1. | Election of Directors |
A ballot was conducted to vote on each resolution to appoint each of the following 13 nominees as a Director of the Bank to serve until the next Annual Meeting of Shareholders of the Bank or until their resignation or their successor is elected or appointed, and the outcome was as follows:
Nominee | Votes For | Votes Withheld | ||||||||||||||
Janice M. Babiak | 299,680,685 | 98.67% | 4,050,330 | 1.33% | ||||||||||||
Sophie Brochu | 301,988,463 | 99.43% | 1,742,548 | 0.57% | ||||||||||||
Craig W. Broderick | 302,562,672 | 99.62% | 1,168,343 | 0.38% | ||||||||||||
George A. Cope | 297,873,529 | 98.07% | 5,856,768 | 1.93% | ||||||||||||
Stephen Dent | 302,858,750 | 99.71% | 872,265 | 0.29% | ||||||||||||
Christine A. Edwards | 301,385,255 | 99.23% | 2,344,442 | 0.77% | ||||||||||||
Martin S. Eichenbaum | 302,522,147 | 99.60% | 1,208,616 | 0.40% | ||||||||||||
David Harquail | 302,882,265 | 99.73% | 818,750 | 0.27% | ||||||||||||
Linda S. Huber | 302,842,503 | 99.71% | 888,512 | 0.29% | ||||||||||||
Eric R. La Flèche | 301,235,814 | 99.18% | 2,495,201 | 0.82% | ||||||||||||
Lorraine Mitchelmore | 302,157,409 | 99.48% | 1,573,606 | 0.52% | ||||||||||||
Madhu Ranganathan | 301,330,217 | 99.21% | 2,400,806 | 0.79% | ||||||||||||
Darryl White | 302,828,132 | 99.71% | 872,891 | 0.29% |
2. | Appointment of Shareholders’ Auditors |
A ballot was conducted to vote on the resolution to appoint the firm of KPMG LLP as the auditors of the Bank for the 2021 fiscal year and the outcome was as follows:
Votes For | Votes Withheld | |||||||
300,775,541 | 95.38% | 14,577,302 | 4.62% |
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3. | Advisory Vote on the Bank’s approach to Executive Compensation |
A ballot was conducted to vote for the Advisory Resolution on the Bank’s approach to Executive Compensation and the outcome was as follows:
Votes For | Votes Against | |||||||
288,866,869 | 95.11% | 14,864,130 | 4.89% |
4. | Additional Climate Change Related Report |
A ballot was conducted to vote for a shareholder proposal requesting an additional climate change related report:
Votes For | Votes Against | Votes Abstain | ||||||||||
56,282,023 | 18.53% | 246,058,008 | 81.01% | 1,389,923 | 0.46% |
Dated this 7th day of April, 2021.
Bank of Montreal | ||
By: | /s/ Barbara M. Muir | |
Barbara M. Muir | ||
Corporate Secretary |