Financial services

KINGSWAY FINANCIAL SERVICES INC: Submission of Matters to Securityholder Vote (Form 8-K)

Section 5.07. Submitting Matters to a Vote of Securityholders.

On May 17, 2022, Kingsway Financial Services, Inc. (the “Company”) held its 2022 annual meeting of shareholders. At the annual meeting, shareholders of the Company considered three matters, each of which is described in greater detail in the management proxy circular for the annual meeting, which has been filed with the Security and Exchange Commission on April 7, 2022. A total of 20,578,677 common shares of the Company were represented in person or by proxy at the annual meeting, representing approximately 87.07% of the total outstanding common shares of the Company entitled to vote at the annual meeting .

Voting results on matters presented at the annual meeting are shown below:

Proposal 1 – Election of Directors. All of the nominees for election to the Company’s Board of Directors were elected in the following votes:

Directors             For          Withheld     Broker Non-Votes
John T. Fitzgerald    16,401,271   135,435      4,041,971
Gregory P. Hannon     15,955,275   581,431      4,041,971
Terence M. Kavanagh   16,479,075    57,631      4,041,971
Doug Levine           15,984,245   552,461      4,041,971
Corissa B. Porcelli   16,404,966   131,740      4,041,971
Joseph D. Stilwell    16,372,772   163,934      4,041,971



Proposal 2 – Ratification of appointment Plante & Moran, SARL to act as the registered independent public accounting firm of the Company for 2022 was approved following the following vote:

For          Against       Abstain       Broker Non-Votes
20,179,741   398,272       664           0



Proposal 3 – Non-binding advisory vote to approve Named Executive Officer compensation was approved following the following vote:

For          Against     Abstain   Broker Non-Votes
15,188,290   1,336,488   11,928    4,041,971



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