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NEW YORK - Brookfield Business Corporation (NYSE, TSX: BBUC) announced that shareholders elected all ten nominees to its board of directors during the company’s annual general meeting held virtually on Tuesday. The company’s stock, currently trading at $28.83, has shown strong momentum with a 20.08% year-to-date return, approaching its 52-week high of $30.14.
According to the voting results, all candidates received strong support, with approval ratings ranging from 97.22% to 99.97%. The highest approval went to Don Mackenzie at 99.97%, while John Lacey received the lowest support at 97.22%.
The voting structure gave holders of class A exchangeable subordinate voting shares a 25% voting interest in the corporation, while class B multiple voting shares represented a 75% voting interest.
The elected directors include Cyrus Madon, Jeffrey Blidner, David Court, Stephen Girsky, David Hamill, Anne Ruth Herkes, John Lacey, Don Mackenzie, Michael Warren, and Patricia Zuccotti.
Brookfield Business Corporation is part of Brookfield Business Partners, a global business services and industrials company that focuses on owning and operating businesses providing essential products and services. Investors can participate through either Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN) or Brookfield Business Corporation (NYSE, TSX: BBUC).
The company serves as the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Detailed voting results are available on SEDAR+, according to the company’s press release statement.
In other recent news, Brookfield Business Partners reported mixed financial results for the first quarter of 2025. The company announced adjusted earnings per share of $0.38, surpassing analyst expectations and showing an increase from $0.23 in the same quarter last year. However, revenue experienced a significant drop, falling to $6.75 billion from $12.02 billion in the previous year. Brookfield Business Partners highlighted progress in capital recycling initiatives and acquisitions, generating over $1.5 billion and investing approximately $140 million in share repurchases. The Industrials segment showed strength with Adjusted EBITDA rising to $304 million, aided by tax benefits, while the Infrastructure Services segment saw a decline. The company also revealed plans to acquire Antylia Scientific for approximately $1.3 billion, with a $160 million investment for a 25% stake. Meanwhile, Brookfield Business Corporation submitted a recent SEC filing, detailing its interim financial results for the quarter ending March 31, 2025. The filing, which complies with the Securities Exchange Act, provides a snapshot of the company’s financial health, including revenue, expenses, and net income.
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