Precision Drilling Corporation Announces the Results of the 2021 Annual Meeting of Shareholders
May 13 2021 - 3:47PM
Precision Drilling Corporation (“Precision” or the “Company”) is
pleased to announce the results of the election of board members at
its 2021 Annual Meeting of Shareholders held on May 13, 2021 (the
“Annual Meeting”). Shareholders approved the election of all 8 (7
of whom are independent) of the nominee directors presented in the
Company’s Management Information Circular, dated March 31, 2021.
The shares represented at the Annual Meeting
voting in favour of individual nominee directors are as
follows:
Nominee |
# Votes For |
% Votes For |
# Votes Withheld |
% Votes Withheld |
Michael R. Culbert |
6,035,585 |
95.14 |
308,430 |
4.86 |
William T. Donovan |
6,007,465 |
94.70 |
336,549 |
5.30 |
Brian J. Gibson |
6,015,155 |
94.82 |
328,860 |
5.18 |
Steven W. Krablin |
5,466,944 |
86.17 |
877,071 |
13.83 |
Susan M. MacKenzie |
5,908,019 |
93.13 |
435,995 |
6.87 |
Kevin O. Meyers |
5,454,687 |
85.98 |
889,328 |
14.02 |
David W. Williams |
6,037,928 |
95.18 |
306,086 |
4.82 |
Kevin A. Neveu |
6,113,052 |
96.36 |
230,963 |
3.64 |
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Precision’s non-binding advisory vote on
executive compensation (“Say-on-Pay”) was narrowly defeated.
Although this Say-on-Pay vote is an advisory vote and the results
are not binding upon the Board, the Board will take into account
the results of this vote, together with other shareholder feedback
as we consider our future compensation decisions.
Final voting results on all matters voted on at
the Annual Meeting will be filed on SEDAR (www.sedar.com) and EDGAR
(www.sec.gov).
About PrecisionPrecision is a leading provider
of safe and environmentally responsible High Performance, High
Value services to the energy industry, offering customers access to
an extensive fleet of Super Series drilling rigs. Precision has
commercialized an industry-leading digital technology portfolio
known as “Alpha” that utilizes advanced automation software and
analytics to generate efficient, predictable, and repeatable
results for energy customers. Additionally, Precision offers well
service rigs, camps and rental equipment and directional drilling
services all backed by a comprehensive mix of technical support
services and skilled, experienced personnel.
Precision is headquartered in Calgary, Alberta,
Canada and is listed on the Toronto Stock Exchange under the
trading symbol “PD” and on the New York Stock Exchange under the
trading symbol “PDS.”
For further information, please contact:
Carey Ford, Senior Vice President & Chief
Financial Officer713.435.6100
Dustin Honing, Director, Investor Relations
& Corporate Development403.716.4500
800, 525 - 8th Avenue S.W.Calgary, Alberta,
Canada T2P 1G1Website: www.precisiondrilling.com
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