CALGARY,
AB, May 19, 2022 /CNW/ - Crescent Point Energy
Corp. ("Crescent Point" or the "Company") (TSX: CPG) and (NYSE:
CPG) held its Annual General Meeting of Shareholders ("the
meeting") on May 19, 2022.
During the regular business proceedings at the meeting,
shareholders elected all director nominees to the Board of
Directors of the Company (the "Board") and approved all other items
of business brought before the meeting. Voting results for all
resolutions and advisory votes are below.
1.
Fixing the Number of Directors
The appointment of ten Board members for the ensuing year
was approved. Votes were received as follows:
Votes
For
|
Percent
|
Against
|
Percent
|
247,177,526
|
99.55%
|
1,117,032
|
0.45%
|
2.
Election of Directors
The ten director nominees were elected. Votes were received
as follows:
Nominee
|
Votes
For
|
Percent
|
Withheld
|
Percent
|
Barbara
Munroe
|
243,769,294
|
98.17%
|
4,553,912
|
1.83%
|
Craig Bryksa
|
245,646,120
|
98.92%
|
2,677,086
|
1.08%
|
James E.
Craddock
|
236,741,110
|
95.34%
|
11,582,096
|
4.66%
|
John P.
Dielwart
|
211,879,892
|
85.32%
|
36,443,314
|
14.68%
|
Ted
Goldthorpe
|
134,363,825
|
54.11%
|
113,959,381
|
45.89%
|
Mike Jackson
|
243,781,483
|
98.17%
|
4,541,723
|
1.83%
|
Jennifer F.
Koury
|
242,740,823
|
97.75%
|
5,582,383
|
2.25%
|
François
Langlois
|
244,481,850
|
98.45%
|
3,841,356
|
1.55%
|
Myron M.
Stadnyk
|
245,538,738
|
98.88%
|
2,784,468
|
1.12%
|
Mindy Wight
|
244,677,557
|
98.53%
|
3,645,649
|
1.47%
|
The voting results for Mr. Ted
Goldthorpe may be in response to the proxy advisory firm
Institutional Shareholder Services' ("ISS") recommendation that
shareholders withhold from voting for Mr. Goldthorpe due to their
assessment of overboarding. In contrast, the proxy advisory firm
Glass Lewis recommended shareholders vote in favour of Mr.
Goldthorpe's election. Crescent Point believes in engaging with its
shareholders and responding to their feedback. As such, the
Company's Corporate Governance and Nominating Committee and Mr.
Goldthorpe will work together to address these concerns. Mr.
Goldthorpe is an independent director who brings extensive
experience and knowledge to Crescent Point's Board.
3.
Appointment of Auditors
The appointment of PricewaterhouseCoopers LLP as Crescent
Point's auditor was approved. Votes were received as follows:
Votes
For
|
Percent
|
Withheld
|
Percent
|
247,438,451
|
94.31%
|
14,930,668
|
5.69%
|
4.
Advisory Vote on Executive Compensation
The advisory vote to accept the Company's approach to executive
compensation was supported by shareholders. Votes were received as
follows:
Votes
For
|
Percent
|
Against
|
Percent
|
238,481,252
|
96.05%
|
9,813,303
|
3.95%
|
The biographies of Crescent Point's Board members, details about
its environmental, social and governance ("ESG") practices and a
recorded webcast from the meeting earlier today are available on
www.crescentpointenergy.com. The full terms of each resolution
voted on at the meeting can be found in the Company's latest
information circular, which is also available on Crescent Point's
website.
FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE
CONTACT:
Shant
Madian, Vice President, Capital Markets, or
Sarfraz Somani, Manager,
Investor Relations
Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020 Fax: (403)
693-0070
Address: Crescent Point Energy Corp. Suite 2000, 585 - 8th Avenue
S.W. Calgary AB T2P 1G1
www.crescentpointenergy.com
Crescent Point shares are traded on the Toronto Stock Exchange
and New York Stock Exchange under the symbol CPG
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content:https://www.prnewswire.com/news-releases/crescent-point-announces-annual-general-meeting-results-301551693.html
SOURCE Crescent Point Energy Corp.