Western Forest Products Inc. Announces Results of Annual General and Special Meeting of Shareholders

Core Points - Western Forest Products Inc. held its Annual General and Special Meeting of Shareholders, where key voting results were announced [1] - Shareholders re-elected several directors to the Board, with Laura A. Cillis receiving 82.50% of votes for her re-election [2] - A special resolution for share consolidation was approved, allowing the Board to determine a ratio between one post-consolidation share for every 25 to 40 pre-consolidation shares [4] Group 1: Election of Directors - The following directors were re-elected: Laura A. Cillis (82.50%), Steven Hofer (82.43%), Randy Krotowski (78.89%), Fiona Macfarlane (80.86%), Noordin Nanji (65.81%), Daniel Nocente (80.08%), and Peter Wijnbergen (82.86%) [2] - All members of the Board Committees are 100% independent, with specific chairs assigned to each committee [3] Group 2: Share Consolidation - The share consolidation received 94.97% approval from shareholders, with 202,490,230 votes for and 10,728,473 votes withheld [4] - The Board will monitor market conditions and has one year to determine the exact consolidation ratio and timing [4][5] - The consolidation is subject to final approval from the Toronto Stock Exchange and other regulatory requirements [5] Group 3: Company Overview - Western Forest Products is an integrated forest products company focused on a margin-driven log and lumber business [6] - The company operates primarily in British Columbia and Washington State, with a lumber capacity of 780 million board feet from six sawmills [7] - Western sources timber from private lands, long-term licenses, First Nations arrangements, and market purchases, and also has a wholesale program for specialty products [7]