Back to News
investment

Postmedia Network Announces Election of Directors

Business Wire
Loading...
4 min read
0 likes
⚡ Quantum Brief
Postmedia’s annual shareholder meeting on February 24, 2026, in Toronto saw unanimous approval for auditor reappointment, with 100% of votes cast in favor and zero opposition. All seven director nominees were elected, though Mary Junck received notably lower support (90.58% approval) compared to others, who secured near-unanimous backing (99.46%–100%). The Shareholder Rights Plan was approved by 90.56% of total votes but faced stronger opposition (27.72% against) when excluding Chatham Asset Management’s 62.3 million controlled shares. Chatham Asset Management, identified as the sole "Control Person," held significant influence, with its excluded votes altering the Rights Plan’s approval margin from 90.56% to 72.28%. Postmedia, owner of 110+ Canadian media brands, reaffirmed its governance structure amid declining print revenues, signaling stability despite industry challenges.
AI Audio Summary
0:00 / 0:00
Click to play
634ac7ee-9589-4c49-958b-238f62ca6c02.jpeg
Quantum News · Media Library

This section is Partnership Content suppliedThe content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire Article contentTORONTO — Postmedia Network Canada Corp. (“Postmedia” or the “Company”) is pleased to report the voting results of its Annual General and Special Meeting of Shareholders, held in Toronto on February 24, 2026.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentAppointment of Auditors – ApprovedArticle contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentOutcomePercentage of Votes Cast ForPercentage of Votes Cast AgainstApproved100.00%0.00%Article contentElection of Directors – ApprovedArticle contentEach of the directors listed as nominees in the management information circular dated December 30, 2025 (“Circular”) were elected as directors of the Company until the next annual meeting of shareholders.Article contentArticle contentNomineeOutcomePercentage of Votes Cast ForPercentage of Votes Cast AgainstPeter SharpeApproved99.46%0.54%Janet EckerApproved99.98%0.02%Wendy HenkelmanApproved99.98%0.02%Mary JunckApproved90.58%9.42%Jason KenneyApproved99.98%0.02%Andrew MacLeodApproved100.00%0.00%Terrie O’LearyApproved99.98%0.02%Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentShareholder Rights Plan Continuance, Amendment & Restatement – ApprovedArticle contentAll ShareholdersArticle contentOutcomePercentage of Votes Cast ForPercentage of Votes Cast AgainstApproved90.56%9.44%Article contentAll Shareholders, without giving effect to any votes cast by a Control Person* (as defined in the Circular) and associates, affiliates and insiders of a Control PersonArticle contentOutcomePercentage of Votes Cast For*Percentage of Votes Cast Against*Approved72.28%27.72%Article content* The results exclude 62,331,849 variable voting shares held by Chatham Asset Management, LLC and certain investment funds or accounts for which Chatham LLC or its affiliates acts as investment advisor, sub-advisor or manager (“Chatham”). To the Company’s knowledge, other than Chatham, no person is a Control Person.Article contentAll Independent Shareholders (as defined in the Circular)Article contentOutcomePercentage of Votes Cast For**Percentage of Votes Cast Against**Approved90.56%9.44%Article content** To the Company’s knowledge, there are no non-Independent Shareholders. Therefore, no shares were excluded in the results.Article contentAbout Postmedia Network Canada Corp.Article contentPostmedia Network Canada Corp. (TSX:PNC.A, PNC.B) is the holding company that owns Postmedia Network Inc., a Canadian newsmedia company representing more than 110 brands across multiple print, online, and mobile platforms. Award-winning journalists and innovative product development teams bring engaging content to millions of people every week whenever and wherever they want it. This exceptional content, reach and scope offers advertisers and marketers compelling solutions to effectively reach target audiences. Our expertise in home delivery and expanding distribution network powers Postmedia Parcel Services. For more information, visit www.postmedia.com,www.postmediasolutions.com and www.postmediaparcelservices.com.Article contentArticle contentArticle contentArticle contentView source version on businesswire.com: Article content https://www.businesswire.com/news/home/20260224990485/en/Article contentArticle contentContactsArticle contentFor more information:Article contentPostmedia Communications Article contentArticle contentinquiries@postmedia.comArticle content#distroArticle contentTrending New cross-border U.S. pipeline proposal could revive idle Keystone XL assets: analysts Oil & Gas Posthaste: Canadian dollar is facing a big risk that markets seem to be overlooking News Here's why mortgage renewals may be the banks' biggest rip-off Personal Finance Posthaste: Forget tariffs, here's how Trump is really making money off Canada News Canada's housing market suffers largest price decline among major economies, says BIS Real Estate Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. New cross-border U.S. pipeline proposal could revive idle Keystone XL assets: analysts Oil & Gas Posthaste: Canadian dollar is facing a big risk that markets seem to be overlooking News Here's why mortgage renewals may be the banks' biggest rip-off Personal Finance Posthaste: Forget tariffs, here's how Trump is really making money off Canada News Canada's housing market suffers largest price decline among major economies, says BIS Real Estate

Read Original

Tags

partnership

Source Information

Source: Financial Post

Discussion

0 professional contributions

Sign in to join this professional discussion.

Be the first to add a constructive contribution.