Business Context and Reporting Period
This Form 6-K filing by MFC Bancorp Ltd. (not Scully Royalty Ltd.) covers the month of December 2017. The document reports the voting results from the Company's Annual General Meeting held on December 15, 2017, in Hong Kong, China.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly limited to corporate governance voting outcomes.
Material Changes and Voting Results
Election of Directors
All seven management nominees were elected by shareholders. The voting breakdown was as follows:
- Michael J. Smith: 94.03% For (7,386,646 votes)
- Gerardo Cortina: 93.70% For (7,360,781 votes)
- Indrajit Chatterjee: 92.89% For (7,296,921 votes)
- Dr. Shuming Zhao: 93.90% For (7,376,230 votes)
- Silke S. Stenger: 93.91% For (7,376,995 votes)
- Friedrich Hondl: 93.90% For (7,376,248 votes)
- Jochen Dümler: 93.91% For (7,377,050 votes)
Appointment of Auditor
Moore Stephens LLP was appointed as the Company's auditor for the ensuing year. The Board was authorized to fix the auditor's remuneration.
- Votes For: 99.51% (7,817,393 votes)
- Votes Withheld: 0.10% (7,929 votes)
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the correct registrant name is MFC Bancorp Ltd., not Scully Royalty Ltd.
- Confirm the appointment of Moore Stephens LLP as the external auditor.
- Note that Indrajit Chatterjee received the lowest percentage of "For" votes among directors (92.89%), though still a majority.
- Check subsequent filings for the actual financial performance for the period, as this document contains no financial data.