Press Releases March 31, 2026 08:00 PM

FirstService Announces Election of Directors

FirstService Corporation Elects Directors and Receives Shareholder Approvals at Annual Meeting

By Jordan Park FSV
FirstService Announces Election of Directors
FSV

FirstService Corporation announced the election of eight directors at its annual and special shareholders' meeting. Shareholders also approved the appointment of PricewaterhouseCoopers LLP as auditor, amendments to the stock option plan, and a non-binding advisory resolution on executive compensation. FirstService operates as a leading property services company in North America.

Key Points

  • Eight director nominees were elected with high shareholder approval votes.
  • Shareholders approved the appointment of PwC as the company's auditor for the upcoming year.
  • Amendments to the stock option plan and advisory resolutions on executive compensation were approved.

TORONTO, April 01, 2026 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV) (NASDAQ: FSV) (“FirstService”) today announced that at its annual and special meeting of shareholders, held earlier today, the eight director nominees listed in FirstService’s management information circular dated February 13, 2026 (the “Circular”) were elected as directors of FirstService. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote are set out below.

NomineeVotes For% Votes ForVotes Withheld% Votes WithheldYousry Bissada27,779,13799.206%222,2990.794%Elizabeth Carducci27,947,18099.806%54,2560.194%Steve H. Grimshaw26,767,63795.594%1,233,7994.406%Jay S. Hennick25,667,42491.665%2,334,0128.335%D. Scott Patterson27,745,30199.085%256,1350.915%Frederick F. Reichheld27,490,64198.176%510,7951.824%Joan Eloise Sproul27,936,41999.768%65,0170.232%Erin J. Wallace27,067,94296.666%933,4943.334%


FirstService shareholders also approved the appointment of PricewaterhouseCoopers LLP as the auditor of FirstService for the ensuing year, amendments to the FirstService stock option plan and a non-binding advisory resolution on FirstService’s approach to executive compensation, all as set out in the Circular.

About FirstService Corporation

FirstService Corporation is a North American leader in the property services sector, serving its customers through two industry-leading service platforms: FirstService Residential, North America’s largest manager of residential communities; and FirstService Brands, one of North America’s largest providers of essential property services delivered through individually branded company-owned operations and franchise systems.

FirstService generates approximately US$5.5 billion in annual revenues and has more than 30,000 employees across North America. With significant insider ownership and an experienced management team, FirstService has a long-term track record of creating value and superior returns for shareholders. The Common Shares of FirstService trade on the NASDAQ and the Toronto Stock Exchange under the symbol “FSV”, and are included in the S&P/TSX 60 Index. More information is available at www.firstservice.com.

COMPANY CONTACTS:

D. Scott Patterson
Chief Executive Officer        
(416) 960-9566

Jeremy Rakusin
Chief Financial Officer
(416) 960-9566


Risks

  • Potential governance and management risks if newly elected directors do not meet shareholder expectations.
  • Uncertainty regarding impacts of approved stock option plan amendments on shareholder value.
  • Non-binding nature of the executive compensation advisory resolution leaves room for future investor discontent if compensation policies are seen as unfavorable.

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