Baytex Energy Annual Meeting Sees 50% Shareholder Turnout, Reynish Wins 66% Vote
BTE•Baytex Energy’s annual meeting on May 7 saw 366.62 million shares (50%) represented, with all nine board nominees elected. Steve D.L. Reynish received the lowest support at 66.34%, while KPMG LLP was appointed auditor and an advisory vote on executive compensation passed with 96.47% approval.
1. Attendance and Voting
Baytex Energy held its annual meeting on May 7, with 366,618,328 common shares represented, equating to 50.00% of issued and outstanding shares. Shareholders approved every matter on the agenda.
2. Director Election Results
All nine nominees were elected to the board. Vote tallies ranged from 225,412,755 shares (66.34%) for Steve D.L. Reynish to 336,811,242 shares (99.12%) for Chad E. Lundberg.
3. Auditor Appointment
KPMG LLP was reappointed auditor until the next annual meeting, securing 365,593,335 votes in favor (99.72%). The board was authorized to set auditor remuneration.
4. Advisory Vote on Executive Compensation
A non-binding advisory resolution on executive compensation received 327,816,554 votes for approval, representing 96.47% support from participating shareholders.
