Vermilion Energy Board Fixed at Eight with 99.15% Support; Deloitte Auditor Chosen with 98.49% Approval
VET•Vermilion shareholders representing 51.79% of shares approved fixing board size at eight with 99.15% support and re-elected all directors, though Stephen Larke and Manjit Sharma received 91.51% and 93.91% in favour. Deloitte LLP was appointed auditors by 98.49% and advisory executive pay vote passed with 96.97% support.
1. Annual Meeting Participation and Board Resolution
At the annual general meeting held May 6, shareholders representing 79,024,098 common shares, or 51.79% of issued and outstanding stock, participated in the vote. The proposal to fix the board size at eight directors was approved with 78,354,677 shares (99.15%) in favour and 669,421 (0.85%) against.
2. Director Elections
Eight nominees were re-elected as directors for the ensuing year. Votes in favour ranged from 98.60% for Paul B. Myers to 91.51% for Stephen P. Larke, with Larke and Manjit K. Sharma receiving the lowest endorsements of 91.51% and 93.91%, respectively.
3. Auditor Appointment
Shareholders approved the appointment of Deloitte LLP as auditors for the next year, recording 77,827,158 votes (98.49%) in favour and 1,196,940 (1.51%) withheld.
4. Compensation Vote and Retirements
The non-binding advisory vote on executive compensation passed with 96.97% support (66,210,717 votes) versus 3.03% against (2,072,213 votes). Carin S. Knickel and William B. Roby retired from the board at the end of their terms after declining re-election.
