Cano Health, Inc. ("Cano Health" or the "Company"), a leading value-based primary care provider and population health company, today announced the results of its Annual Stockholders' Meeting (the "Annual Meeting"). Based on the vote tabulation by the Company's proxy solicitor, Cano Health's two director nominees, Dr. Alan Muney and Kim Rivera, have been re-elected to the Company's Board of Directors.
"We take seriously the input we have received from our stockholders and they can expect us to take further action to ensure we unlock the substantial value that is embedded in Cano Health's unique platform," said Solomon Trujillo, Chairman of the Board. "With the election now concluded, our Board is focusing all our energy and attention on executing our plan to drive sustainable long-term growth and profitability by sharpening our focus on Medicare Advantage, unlocking embedded medical center profitability, streamlining operations, strengthening cash flows, and optimizing our management team and governance. We are poised to capitalize on the significant opportunities in front of us and will not be distracted by the former directors' continued misrepresentations of events and self-serving agenda."
Mr. Trujillo added, "While we acknowledge there was a significant withhold vote, we believe that the two world-class directors who have been re-elected to our Board will continue to benefit the Company and our stockholders through their significant executive leadership experience and healthcare expertise, as the Board collectively works to realize Cano Health's enormous potential."
The preliminary vote count following the Annual Meeting also indicated that stockholders voted to ratify the Audit Committee's appointment of E&Y as the Company's independent registered public accounting firm; did not approve the advisory vote on its 2022 executive compensation; and did not approve the Company's reverse stock split amendment.
Cano Health will file the voting results of the Annual Meeting with the SEC on a Form 8-K as soon as they are available.
