Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, Advance Notice By-Law No.2 and Say on Pay
May 07 2020 - 4:08PM
Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS)
announced the voting results from its Annual and Special Meeting of
Shareholders held virtually today. Shareholders voted in favour of
all items of business before the meeting, including electing the
nominated directors, appointing Deloitte LLP as the Corporation's
auditors, approving Advance Notice By-Law No. 2 and voting on an
advisory basis to accept the Corporation's approach to executive
compensation.
Election of
Directors
Fortis shareholders elected the following 10
individuals to the Fortis board of directors to serve until the
next Annual Meeting of Shareholders or until their successors are
elected or appointed:
Nominee |
# Votes For |
% Votes For |
# Votes Withheld |
% Votes Withheld |
Tracey C. Ball |
260,044,827 |
99.83 |
443,689 |
0.17 |
Pierre J. Blouin |
258,240,691 |
99.14 |
2,248,315 |
0.86 |
Paul J. Bonavia |
259,767,875 |
99.72 |
722,733 |
0.28 |
Lawrence T. Borgard |
259,968,499 |
99.80 |
520,507 |
0.20 |
Maura J. Clark |
257,752,242 |
98.95 |
2,736,763 |
1.05 |
Margarita K. Dilley |
258,053,475 |
99.06 |
2,437,133 |
0.94 |
Julie A. Dobson |
258,289,628 |
99.16 |
2,199,378 |
0.84 |
Douglas J. Haughey |
258,385,929 |
99.19 |
2,103,077 |
0.81 |
Barry V. Perry |
258,169,605 |
99.11 |
2,321,003 |
0.89 |
Jo Mark Zurel |
257,839,275 |
98.98 |
2,649,731 |
1.02 |
Appointment of
Auditors
Shareholders of the Corporation approved
the appointment of Deloitte LLP as the Corporation's auditors to
hold office until the close of the next Annual Meeting of
Shareholders.
# Votes For |
% Votes For |
# Votes Withheld |
% Votes Withheld |
268,047,414 |
99.80 |
527,719 |
0.20 |
Advance Notice By-Law No.
2
Shareholders approved a new advance
notice by-law setting out advance notice requirements for director
nominations.
# Votes For |
% Votes For |
# Votes Against |
% Votes Against |
259,821,984 |
99.71 |
757,008 |
0.29 |
Say on Pay
Shareholders approved the non-binding advisory
vote regarding the Corporation's approach to executive compensation
("Say on Pay").
# Votes For |
% Votes For |
# Votes
Against |
% Votes
Against |
252,683,377 |
96.97 |
7,897,913 |
3.03 |
About Fortis
Fortis is a well-diversified leader in the North
American regulated electric and gas utility industry, with 2019
revenue of $8.8 billion and total assets of $57 billion as at March
31, 2020. The Corporation's 9,000 employees serve utility customers
in five Canadian provinces, nine U.S. states and three Caribbean
countries.
Fortis shares are listed on the TSX and NYSE and
trade under the symbol FTS. Additional information can be accessed
at www.fortisinc.com, www.sedar.com,
or www.sec.gov.
For more information please
contact
Investor Enquiries: Ms. Stephanie Amaimo Vice
President, Investor Relations Fortis Inc. 248.946.3572
samaimo@fortisinc.com Media Enquiries: Ms. Karen McCarthy Vice
President, Communications and Corporate Affairs Fortis Inc.
709.737.5323 media@fortisinc.com
A .pdf version of this press release is available
at: http://ml.globenewswire.com/Resource/Download/0993b8f9-55cc-4c02-a71c-06fbbf7101f5
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