NOVAGOLD Announces Election of Directors and Voting Results from 2019 Annual Shareholder Meeting
May 21 2019 - 5:21PM
NOVAGOLD RESOURCES INC. (TSX, NYSE American: NG)
(“NOVAGOLD” or “the Company”) is pleased to announce the detailed
voting results on the items of business considered at its Annual
General Meeting of Shareholders held on May 16, 2019 (the
“Meeting”). All proposals were approved and all nine director
nominees were elected. A total of 262,216,970 or 80.62% of the
Company’s issued and outstanding shares were represented at the
Meeting. Rick Van Nieuwenhuyse, NOVAGOLD’s former President
and Chief Executive Officer, retired from the Board after 20 years
of service to the Company and Ethan Schutt was newly elected to the
Board.
NOVAGOLD Thanks Rick Van Nieuwenhuyse for his
Service
“On behalf of the Board of Directors of NOVAGOLD, I would like
to express sincere appreciation to Rick for his vision in endowing
NOVAGOLD with great assets which formed the foundation for value
creation for our shareholders,” said Dr. Thomas Kaplan, NOVAGOLD’s
Chairman. “Rick was the one who identified Donlin Gold as an
exceptional deposit and shepherded its initial advancement into one
of the world’s largest and highest-grade known open pit gold
deposits. Just as importantly, his unwavering commitment toward
improvement of living conditions in the remote communities of both
Alaska and British Columbia has become an integral part of
NOVAGOLD’s corporate culture. We wish him all the best in both his
personal life and professional endeavors.”
Ethan Schutt joins the Board of Directors of
NOVAGOLD
The Company is also pleased to announce the election of Ethan
Schutt to its Board, effective May 16, 2019. Mr. Schutt is the
Chief of Staff of Alaska Native Tribal Health Consortium (ANTHC).
ANTHC provides health services as well as training, health
education, disease and injury prevention and rural water and sewer
construction for Alaska Native people. In his current role, Mr.
Schutt executes coordination and support activities to ensure
proper prioritization and alignment of ANTHC resources. Prior to
joining ANTHC, Mr. Schutt served as General Counsel, later becoming
Senior Vice President of Land and Energy Development for Cook Inlet
Region Inc. (CIRI). In that capacity, he led a team of
professionals managing application of CIRI’s Alaska Native Claims
Settlement Act (ANCSA) lands toward exploration for oil and gas as
well as mineral and other natural resource development. Mr. Schutt
holds a Bachelor of Science degree with honors in mathematics from
Washington State University and a Juris Doctor degree from Stanford
Law School.
“We are delighted to welcome Ethan to the Board,” added Dr.
Kaplan. “His firsthand knowledge and appreciation of issues
affecting Alaska and its Native communities is an important part of
our day-to-day operations. NOVAGOLD is truly fortunate to have
Ethan on its team and we are looking forward to his valuable
counsel and advice.”
Shareholder Voting Results
The Shareholders voted on the following matters at this year’s
Meeting.
Proposal 1 – Setting the Number of
Directors
The vote was carried to adopt an ordinary resolution setting the
number of Directors at ten. The votes according to proxies received
were as follows:
Votes
For
207,556,811
99.52%Votes Against
992,264
0.48%
Proposal 2 – Election of Directors
The nominees listed in NOVAGOLD’s Management Information
Circular were elected as Directors of the Company. Detailed results
of the votes are set out below:
|
|
|
Proposal 1 |
Outcome of theVote |
Votes by Ballot |
Election of Directors |
Votes For |
Votes Withheld |
Sharon
Dowdall |
Carried |
206,423,961 (98.96%) |
2,160,292
(1.04%) |
Dr. Diane
Garrett |
Carried |
203,613,351 (97.62%) |
4,970,902
(2.38%) |
Dr. Thomas
Kaplan |
Carried |
207,860,882 (99.65%) |
723,371
(0.35%) |
Gregory
Lang |
Carried |
207,930,854 (99.69%) |
653,399
(0.31%) |
Igor
Levental |
Carried |
205,356,831 (98.45%) |
3,227,422
(1.55%) |
Kalidas
Madhavpeddi |
Carried |
207,156,041 (99.32%) |
1,428,212
(0.68%) |
Clynton
Nauman |
Carried |
206,606,096 (99.05%) |
1,978,157
(0.95%) |
Ethan
Schutt |
Carried |
207,686,980 (99.57%) |
897,273
(0.43%) |
Anthony Walsh |
Carried |
207,360,165 (99.41%) |
1,224,088 (0.59%) |
|
|
|
|
Proposal 3 – Appointment of Auditors
The vote was carried for the Appointment of the Auditors,
PricewaterhouseCoopers LLP. The votes according to proxies received
were as follows:
Votes
For
260,738,373
99.45%Votes
Withheld
1,443,419
0.55%
Proposal 4 – Say-On-Pay Advisory Vote
The vote was carried on the Say-On-Pay Advisory Vote. The votes
according to proxies received were as follows:
Votes
For
173,946,528
83.41%Votes Against
33,572,353
16.10% Abstentions
1,030,194
0.49% NOVAGOLD Continues its
Shareholder Engagement Program
During the 2019 proxy season, NOVAGOLD placed calls to or met in
person with its shareholders owning 40,000 or more shares,
representing more than 85% of the Company’s issued and outstanding
common shares entitled to vote at the Meeting.
Following the Meeting, the Board met and appointed Ethan Schutt
to serve on the Audit and Corporate Communications Committees,
replacing Kalidas Madhavpeddi and Rick Van Nieuwenhuyse,
respectively. Mr. Madhavpeddi replaced Mr. Van Nieuwenhuyse
on the Environment, Health, Safety, Sustainability and Technical
Committee. Full details of all proposals are fully described in the
Company’s Management Information Circular dated March 26, 2019
available on the Company’s website at www.novagold.com, on SEDAR at
www.sedar.com, and on EDGAR at www.sec.gov, and the detailed
results of voting on each proposal are included in the Report of
Voting Results filed on SEDAR and on EDGAR.
NOVAGOLD Contact:
Mélanie Hennessey Vice President, Corporate Communications
Allison Pettit Manager, Investor Relations
604-669-6227 or 1-866-669-6227
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