Cloud Peak Energy Inc. Announces Results of 2017 Annual Meeting of Stockholders
May 10 2017 - 4:15PM
Business Wire
Following its annual meeting of stockholders today, Cloud Peak
Energy Inc. (NYSE: CLD), one of the largest U.S. coal producers and
the only pure-play Powder River Basin (PRB) coal company, announced
the preliminary voting results from the annual meeting. The
Company’s stockholders have:
- elected current directors William T.
Fox III and Robert Skaggs to its Board of Directors to serve until
Cloud Peak Energy’s 2020 annual meeting;
- ratified the appointment of
PricewaterhouseCoopers LLP as the Company’s independent registered
public accounting firm for the 2017 fiscal year;
- approved, on an advisory basis, the
compensation of Cloud Peak Energy’s named executive officers, as
disclosed in its proxy statement;
- approved, on an advisory basis, the
frequency of future advisory votes on the compensation of Cloud
Peak Energy’s named executive officers to occur every year;
- approved the First Amendment to the
Cloud Peak Energy 2009 Long Term Incentive Plan to increase the
number of shares authorized for issuance thereunder and extend the
term thereof;
- approved the material terms of the 2009
Long Term Incentive Plan, as amended by the First Amendment, in
accordance with the stockholder approval requirements of Section
162(m) of the Internal Revenue Code; and
- approved the ratification of the
non-employee director maximum award limitations set forth in the
2009 Long Term Incentive Plan, as amended by the First
Amendment.
Additional information about these proposals can be found in the
Company’s proxy statement for the annual meeting, as filed with the
U.S. Securities and Exchange Commission.
The voting results are based on the preliminary report of the
Company’s inspector of election. Final results will be included in
the Company’s current report on Form 8-K to be filed within four
business days of the annual meeting.
About Cloud Peak Energy®
Cloud Peak Energy Inc. (NYSE:CLD) is headquartered in Wyoming
and is one of the largest U.S. coal producers and the only
pure-play Powder River Basin coal company. As one of the safest
coal producers in the nation, Cloud Peak Energy mines low sulfur,
subbituminous coal and provides logistics supply services. The
Company owns and operates three surface coal mines in the PRB, the
lowest cost major coal producing region in the nation. The Antelope
and Cordero Rojo mines are located in Wyoming and the Spring Creek
Mine is located in Montana. In 2016, Cloud Peak Energy shipped
approximately 59 million tons from its three mines to customers
located throughout the U.S. and around the world. Cloud Peak Energy
also owns rights to substantial undeveloped coal and complimentary
surface assets in the Northern PRB, further building the Company’s
long-term position to serve Asian export and domestic customers.
With approximately 1,300 total employees, the Company is widely
recognized for its exemplary performance in its safety and
environmental programs. Cloud Peak Energy is a sustainable fuel
supplier for approximately three percent of the nation’s
electricity.
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Cloud Peak Energy Inc.Lorri Owen, 720-566-2932Investor
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