NOVAGOLD Announces Election of Directors and Voting Results from 2024 Virtual Annual General Meeting of Shareholders
May 21 2024 - 5:05PM
NOVAGOLD RESOURCES INC. (“NOVAGOLD” or the “Company”) (NYSE
American, TSX: NG) 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, 2024 (the “Meeting”). All
proposals were approved and all ten director nominees were elected.
A total of 270,432,207or 80.87% of the Company’s issued and
outstanding shares were represented at the Meeting.
Shareholder Engagement
During this year’s proxy outreach, NOVAGOLD
placed calls to shareholders owning 50,000-plus shares who
collectively hold approximately 84.28% of the Company’s issued and
outstanding common shares entitled to vote at the Meeting.
Year-over-year the input received from shareholders has helped
shape and improve the Company’s governance practices.
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 set the number of Directors at ten. The
votes received by ballot were as follows:
Votes For |
268,087,918 |
99.13 |
% |
Votes Against |
2,039,712 |
0.75 |
% |
Abstentions |
304,577 |
0.11 |
% |
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 2 |
Outcome of the |
Votes by Ballot |
Election of Directors |
Vote |
Votes For |
Votes Withheld |
Dr. Elaine Dorward-King |
Carried |
241,696,758(96.63%) |
8,411,746(3.36%) |
Dr. Diane Garrett |
Carried |
249,250,261 (99.65%) |
858,243 (0.34%) |
Dr. Thomas Kaplan |
Carried |
247,649,242 (99.01%) |
2,459,262 (0.98%) |
Hume Kyle |
Carried |
248,974,183 (99.54%) |
1,134,321 (0.45%) |
Gregory Lang |
Carried |
247,987,716 (99.15%) |
2,120,788 (0.84%) |
Kalidas Madhavpeddi |
Carried |
243,708,368 (97.44%) |
6,400,136 (2.55%) |
Kevin McArthur |
Carried |
246,924,498 (98.72%) |
3,184,006 (1.27%) |
Daniel Muñiz Quintanilla |
Carried |
240,103,927 (95.99%) |
10,004,577 (4.00%) |
Ethan Schutt |
Carried |
248,463,674 (99.34%) |
1,644,830 (0.65%) |
Dawn Whitaker |
Carried |
248,687,828(99.43%) |
1,420,676(0.56%) |
Proposal 3 – Appointment of Auditors
The vote was carried for the Appointment of the Auditors,
PricewaterhouseCoopers LLP. The votes received by ballot were as
follows:
Votes For |
266,107,741 |
98.40 |
% |
Votes Withheld |
4,324,466 |
1.59 |
% |
Proposal 4 – Advisory Approval of Executive Compensation
(“Say-on-Pay”)
The vote was carried on the Say-On-Pay Advisory Vote. The votes
received by ballot were as follows:
Votes For |
209,392,810 |
83.72 |
% |
Votes Against |
39,591,494 |
15.82 |
% |
Abstentions |
1,124,200 |
0.44 |
% |
Full details of all proposals are fully
described in the Company’s Management Information Circular dated
March 22, 2024 available on the Company’s website at
www.novagold.com/investors/mic/, on SEDAR+ at www.sedarplus.ca, 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 in the 8-K filed on EDGAR.
The Annual General Meeting of Shareholders’
webcast and corporate presentation are available on NOVAGOLD’s
website under Presentations.
NOVAGOLD Contacts:Mélanie HennesseyVice
President, Corporate Communications
1-604-669-6227 or 1-866-669-6227
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