Montreal, Quebec, Canada, 23 May 2012 -- /CNW Telbec/ -- AbitibiBowater Inc., doing business as Resolute Forest Products (NYSE: ABH) (TSX: ABH), today held its annual general meeting of stockholders in Charlotte, North Carolina, USA. At the meeting, shareholders approved a resolution to amend the company's certificate of incorporation to change its legal corporate name to "Resolute Forest Products Inc.," effective 24 May 2012.
As part of this change, stockholders also agreed to change the company's common stock ticker symbol from ABH to RFP on both the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX), also effective 24 May 2012. Any impact this legal entity name transition might have for Resolute's customers and business partners will be communicated directly to these parties over the coming days.
Other resolutions approved at the annual stockholder meeting, included the following:
- The election of eight directors for 2012: Richard B. Evans, Richard D. Falconer, Richard Garneau, Jeffrey A. Hearn, Bradley P. Martin, Alain Rhéaume, Michael S. Rousseau and David H. Wilkins.
- The ratification of the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the 2012 fiscal year.
Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including newsprint, commercial printing papers, market pulp and wood products. The company owns or operates 21 pulp and paper mills and 23 wood products facilities in the United States, Canada, and South Korea. Marketing its products in more than 90 countries, Resolute has third-party certified 100% of its managed woodlands to sustainable forest management standards. Resolute and other member companies of the Forest Products Association of Canada, and a number of environmental organizations, are partners in the Canadian Boreal Forest Agreement. The group works to identify solutions to conservation issues that meet the goal of balancing equally the three pillars of sustainability linked to human activities: environmental, social and economic. Resolute is also a member of the World Wildlife Fund's Climate Savers program, in which businesses establish ambitious targets to voluntarily reduce greenhouse gas emissions and work aggressively toward achieving them.