Kirkland Lake Announces Results of Annual General and Special Meeting of Shareholders
July 02 2020 - 8:56AM
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or
the “
Company”) (TSX:KL) (NYSE:KL)(ASX:KLA) reports
that at the annual general and special meeting of shareholders held
on June 30, 2020, all resolutions proposed to shareholders were
duly passed.
Based on proxies received, 210,350,317 common
shares of the Company, representing 75.87% of the Company’s issued
and outstanding common shares as at the record date were voted, and
the following individuals were elected as directors of the Company
until the next annual meeting of shareholders. The results are set
out below:
Name of Nominee |
Votes cast FOR |
% votes cast FOR |
Votes WITHHELD |
% of Votes WITHHELD |
Jonathan Gill |
178,683,301 |
92.54% |
14,403,453 |
7.46% |
Peter Grosskopf |
100,523,312 |
52.06% |
92,563,443 |
47.94% |
Ingrid Hibbard |
156,245,873 |
80.92% |
36,840,881 |
19.08% |
Arnold Klassen |
148,885,445 |
77.11% |
44,201,309 |
22.89% |
Elizabeth Lewis-Gray |
178,631,957 |
92.51% |
14,454,735 |
7.49% |
Anthony Makuch |
190,922,688 |
98.88% |
2,164,066 |
1.12% |
Barry Olson |
179,264,634 |
92.84% |
13,822,120 |
7.16% |
Jeff Parr |
177,259,274 |
91.80% |
15,827,481 |
8.20% |
The Company would like to clarify that a
significant number of withhold votes attributable to Mr. Grosskopf
are as a result him being over boarded under the provisions of
Glass Lewis. The Company would like to assure shareholders that
this is being rectified and that Mr. Grosskopf will be resigning
from his other board position effective July 29, 2020. As a result,
following such resignation, Mr. Grosskopf will only sit on one
outside Board, being Kirkland Lake Gold.
Jeff Parr, Chairman of the Board commented, “We
fully appreciate shareholder concerns on over boarding and the
challenges which arise when directors are over extended. Given the
significant responsibility and time commitment required of a
Kirkland Lake Board member, we are very pleased to have resolved
Peter Grosskopf’s over boarding issue. Peter is a valued Board
member who brings a unique perspective and expertise to our Board.
We will continue to implement best corporate governance practices
going forward to ensure the alignment of interests between
shareholders and the Board. We would like to thank shareholders for
their continued support.”
In addition: (i) the number of directors to be
elected to hold office until the next annual meeting or until their
successors are elected or appointed was fixed at eight, in
accordance with the articles and by-laws of the Company; (ii) KPMG
LLP, Chartered Accountants were appointed as the Company’s auditors
for the ensuing year; (iii) a non-binding advisory resolution on
the Company’s approach to executive compensation was passed; and
(iv) amendments to the Long Term Incentive Plan and Deferred Share
Unit Plan were all passed by a majority of shareholders. For
detailed voting results on each resolution, please refer to the
Company’s Report of Voting Results filed on SEDAR at
www.sedar.com.
About Kirkland Lake Gold
Ltd.
Kirkland Lake Gold Ltd. is a growing gold
producer operating in Canada and Australia that produced 974,615
ounces in 2019. The production profile of the Company is anchored
by three high-quality operations, including the Macassa Mine and
Detour Lake Mine, both located in Northern Ontario, and the
Fosterville Mine located in the state of Victoria, Australia.
Kirkland Lake Gold's solid base of quality assets is complemented
by district scale exploration potential, supported by a strong
financial position with extensive management expertise.
For further information on Kirkland Lake Gold
and to receive news releases by email, visit the website at
www.kl.gold.
FOR FURTHER INFORMATION PLEASE CONTACT
Anthony Makuch, President, Chief Executive
Officer & DirectorPhone: +1 416-840-7884, E-mail:
tmakuch@kl.gold
Mark Utting, Senior Vice-President, Investor Relations Phone: +1
416-840-7884, E-mail: mutting@kl.gold
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