Here’s the Lionsgate statement about today’s annual shareholders meeting:
SANTA MONICA, CA, VANCOUVER, BC, and TORONTO, ONT, September 15, 2009 – Lionsgate (NYSE: LGF), the leading next generation studio, announced today that its shareholders voted to elect all 12 of the Company’s nominees to its Board of Directors at the Annual Shareholders Meeting in Toronto, Canada.
“We thank our shareholders for their continued support and are pleased that they have elected all of our director nominees,” said Lionsgate Co-Chairman and Chief Executive Officer Jon Feltheimer and Vice Chairman Michael Burns. “Lionsgate and its Board of Directors are committed to creating long-term shareholder value through an innovative and disciplined growth strategy, as our track record over the past 10 years demonstrates. We have developed one of the most valuable filmed entertainment libraries in the industry; a vibrant television business, a dynamic and growing portfolio of channel platforms and an exciting and diversified slate of upcoming feature films, and we have continued to build these assets while maintaining one of the lowest overhead to revenue percentages in the industry and reducing overhead costs still further over the past year. With the leadership and expertise of a strong and independent Board of Directors, we look forward to continuing to execute our growth strategy for the benefit of all our shareholders.”