LPHI Announces Annual Shareholder Meeting Results

Life Partners Holdings, Inc. (Nasdaq GS: LPHI), parent company of Life Partners, Inc., held its annual shareholders’ meeting yesterday, at its corporate offices in Waco, Texas.

With 90% of the outstanding shares voting, shareholders re-elected each of the directors. The nominees, the number and type of votes, and the number of broker non-votes were as follows:
   

Votes For
   

Votes Withheld
    Broker

Non-Votes
Brian D. Pardo 11,075,542 1,637,629 4,078,740
R. Scott Peden 11,152,888 1,557,283 4,078,040
Fred Dewald 12,553,931 156,240 4,078,740
Tad M. Ballantyne 11,382,266 1,327,905 4,078,740
Harold E. Rafuse 12,549,611 160,560 4,078,740
 

The shareholders approved amendments to the Articles of Incorporation of Life Partners Holdings, Inc. to reflect changes in Texas law. The numbers and type of votes cast were as follows:
Votes for approval       12,559,547
Votes against 122,564
Abstentions 28,060
Broker non-votes 4,078,740
 

The shareholders ratified the appointment of Whitley Penn, LLP, as our independent registered public accounting firm for the fiscal year ending February 28, 2013. The number and type of votes cast were as follows:
Votes for approval       16,323,561
Votes against 417,472
Abstentions 47,878
 

There were no broker non-votes for this item.

The shareholders recommended to approve, by non-binding vote, executive compensation. The number and type of votes cast were as follows:

Votes for approval       12,422,775
Votes against 254,161
Abstentions 33,235
Broker non-votes 4,078,740
 

Life Partners is the world’s oldest and one of the most active companies in the United States engaged in the secondary market for life insurance, commonly called "life settlements." Since its incorporation in 1991, Life Partners has completed over 143,000 transactions for its worldwide client base of over 29,000 high net worth individuals and institutions in connection with the purchase of over 6,500 policies totaling over $3 billion in face value.

Visit our website at: www.lphi.com

LPHI-G

Copyright Business Wire 2010

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