BROOKFIELD Corp 6-K, filed Jun 15, 2020
BROOKFIELD Corp (BN)
About this 6-K
BROOKFIELD Corp filed this 6-K on June 15, 2020.
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934
For the month of June 2020
Commission File Number: 033-97038
BROOKFIELD ASSET MANAGEMENT INC.
(Translation of Registrant’s Name into English)
Brookfield Place Suite 300 181 Bay Street, P.O. Box 762 Toronto, Ontario, Canada M5J 2T3
(Address of Principal Executive Offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ ] Form 40-F [ X ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
DOCUMENTS FILED AS PART OF THIS FORM 6-K
See the Exhibit Index to this Form 6-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BROOKFIELD ASSET MANAGEMENT INC. | |||
| Date: June 15, 2020 | By: | /s/ Justin B. Beber | |
| Name: | Justin B. Beber | ||
| Title: | Managing Partner, Head of Corporate Strategy & Chief Legal Officer | ||
EXHIBIT INDEX
| Exhibit Number | Description |
| 99.1 | Report On Voting Results Annual Meeting of Shareholders June 12, 2020 |
Exhibit 99.1
Brookfield Asset Management Inc.
REPORT ON VOTING RESULTS
Annual Meeting of Shareholders
June 12, 2020
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National Instrument 51-102 – Section 11.3 (Canada)
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The Annual Meeting of Shareholders of Brookfield Asset Management Inc. (the “Corporation”) was held on Friday, June 12, 2020 at 10:30 a.m. in a virtual meeting format via live audio webcast at: ttps://web.lumiagm.com/194315325. At this meeting, there were 306 shareholders represented in person or by proxy holding 1,147,874,487 Class A Limited Voting Shares (“Class A Shares”), representing 72.98% of the Corporation’s 1,572,862,992 issued and outstanding Class A Shares on the record date for this meeting, and one shareholder holding 85,120 Class B Limited Voting Shares (“Class B Shares”), representing 100% of the Corporation’s 85,120 issued and outstanding Class B Shares.
The following is a summary of the votes cast by holders of the Class A Shares and Class B Shares represented at this meeting.
Election of Directors
All of the 16 nominees proposed by management for election to the Board of Directors of the Corporation were nominated and elected at this meeting by acclamation. As indicated below, each director elected at this meeting also received a majority of the proxy votes cast for and withheld from voting for the individual director.
Management received the following proxies from holders of Class A Shares in regard to the election of the eight directors nominated for election by this class of shareholders:
| Director Nominee | Votes For | % | Votes Withheld | % | ||
| M. Elyse Allan | 1,101,810,850 | 99.68 | 3,591,137 | 0.32 | ||
| Angela F. Braly | 1,097,833,815 | 99.32 | 7,568,172 | 0.68 | ||
| Murilo Ferreira | 1,099,888,119 | 99.50 | 5,513,868 | 0.50 | ||
| Janice Fukakusa | 1,104,253,028 | 99.90 | 1,148,959 | 0.10 | ||
| Frank J. McKenna | 1,057,808,228 | 95.69 | 47,593,759 | 4.31 | ||
| Rafael Miranda | 1,099,381,554 | 99.46 | 6,020,433 | 0.54 | ||
| Seek Ngee Huat | 1,101,433,153 | 99.64 | 3,968,834 | 0.36 | ||
| Diana L. Taylor | 1,063,219,221 | 96.18 | 42,182,766 | 3.82 |
Management received a proxy from the holder of Class B Shares to vote all 85,120 Class B Shares for each of the eight directors nominated for election by this shareholder class, namely Jeffrey M. Blidner, Jack L. Cockwell, Marcel R. Coutu, Maureen Kempston Darkes, Bruce Flatt, Brian D. Lawson, Howard S. Marks and Lord O’Donnell.
Appointment of Auditors
The resolution to reappoint Deloitte LLP, Chartered Accountants, as the external auditor of the Corporation to hold office until the next Annual Meeting of Shareholders and to authorize the directors to fix the remuneration to be paid to the external auditor was approved by the majority of both the holders of Class A Shares and Class B Shares.
Management received the following proxies from the holders of Class A Shares and Class B Shares on this resolution:
| Class | Outcome | Votes For | % | Votes Withheld | % |
| Class A Shares | Carried | 1,124,111,682 | 97.93 | 23,762,805 | 2.07 |
| Class B Shares | Carried | 85,120 | 100.0 | Nil | Nil |
Passing an Advisory Resolution on the Corporation’s Approach to Executive Compensation
The resolution passing an advisory resolution on the Corporation’s Approach to Executive Compensation, as set out in the Management Information Circular dated April 27, 2020, was approved by the majority of the holders of Class A Shares.
Management received the following proxies from the holders of Class A Shares on this resolution:
| Class | Outcome | Votes For | % | Votes Against | % |
| Class A Shares | Carried | 1,004,489,348 | 90.89 | 100,912,633 | 9.11 |
Against the Shareholder Resolution in Support of Shareholder Proposal One
The resolution approving the Shareholder Proposal submitted by The British Columbia Teachers’ Federation, as set out in the Management Information Circular dated April 27, 2020, was declined by the majority of both the holders of Class A and Class B Shares.
Management received the following proxies from the holders of Class A Shares and Class B Shares on this resolution:
| Class | Outcome | Votes For | % | Votes Against | % |
| Class A Shares | Carried | 84,324,287 | 7.63 | 1,021,077,572 | 92.37 |
| Class B Shares | Carried | Nil | Nil | 85,120 | 100.0 |
Withdrawal of the Shareholder Resolution in Support of Shareholder Proposal Two
The Shareholder Proposal submitted by the B.C. Government and Service Employees’ Union General Fund and B.C. Government and Service Employees’ Union Strike Fund, as set out in the Management Information Circular dated April 27, 2020, was withdrawn and no ballot was conducted for Shareholder Proposal Two.
Other Business
There were no other matters coming before this meeting that required a vote by either the holders of Class A Shares or Class B Shares.
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Brookfield Asset Management Inc.
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| /s/ Justin B. Beber | |
| Justin B. Beber | |
| Managing Partner, Head of Corporate Strategy & Chief Legal Officer | |
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| Date: June 15, 2020 |