NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Corporation (NYSE: MIC) (“MIC”) today announced that all six MIC director nominees were reelected to the Board of Directors at the Company’s 2018 Annual Meeting of Stockholders held earlier today.
Commenting on the results, MIC issued the following statement:
The MIC Board and management team thank stockholders for their support and the valuable feedback they provided through the proxy process. MIC is committed to engaging constructively with its stockholders and considering their input as the Company works to deliver long-term growth.
MIC is executing on its core priorities to build stockholder value and improve financial performance. Led by new Chief Executive Officer, Christopher Frost, this strategy includes repurposing a portion of capacity and repositioning certain assets of International-Matex Tank Terminals (IMTT), efficient portfolio and capital management and increasing balance sheet strength and flexibility. With important initiatives underway, a long-term track record of generating attractive returns and a process underway to identify new independent directors, MIC’s Board and management team are confident that MIC is on the right path to reinvigorated growth and value creation.
Looking ahead, MIC’s management team will continue to regularly communicate its strategy and progress against its core priorities in a manner consistent with its long record of transparency.
The Company also announced that stockholders approved all of the other proposals considered at the Annual Meeting, including the advisory vote on executive compensation and the ratification of KPMG LLP as its independent auditor.
MIC will file the voting results on a Form 8-K with the Securities and Exchange Commission within four business days.
This communication contains forward-looking statements. These forward-looking statements are made as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements subsequently as a result of new information, future events or otherwise, except as required by law. Forward-looking statements are subject to a number of risks and uncertainties, some of which are beyond our control. Our actual results, performance, prospects or opportunities could differ materially from those expressed in or implied by the forward-looking statements. A description of known risks that could cause our actual results to differ appears under the caption “Risk Factors” in our Form 10-K filed with the SEC on February 21, 2018, our Form 10-Q filed with the SEC on May 2, 2018, and other materials filed with the SEC.
MIC owns and operates a diversified group of businesses providing basic services to customers primarily in the United States. Its businesses consist of a bulk liquid terminals business, International-Matex Tank Terminals; an airport services business, Atlantic Aviation; entities comprising an energy services, production and distribution segment, MIC Hawaii; and entities comprising a Contracted Power segment. For additional information, please visit the MIC website at www.macquarie.com/mic. MIC-G
MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of MIC do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of MIC.