CALGARY, May 11, 2020 /CNW/ - Pembina Pipeline Corporation
("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) reported the
voting results from its annual meeting of common shareholders held
virtually on May 8, 2020 (the
"Meeting"). Each of the matters voted upon at the Meeting is
discussed in detail in the Company's Management Information
Circular dated March 19, 2020 (the
"Information Circular") and is available on the Company's website
under "Investor Centre – Shareholder Information" at
www.pembina.com.
A total of 340,164,302 common shares representing 61.87 percent
of the Company's issued and outstanding common shares were voted in
person and by proxy in connection with the Meeting. The voting
results for each matter presented at the Meeting are provided
below:
1. Election of
Directors
The following 10 nominees were appointed as directors of Pembina
to serve until the next annual meeting of shareholders of the
Company, or until their successors are elected or appointed:
Nominee
|
|
Votes in
Favour
|
|
Votes
Withheld
|
|
|
Percentage
|
Number
|
|
Percentage
|
Number
|
Anne-Marie N.
Ainsworth
|
|
97.00%
|
310,852,084
|
|
3.00%
|
9,624,270
|
Michael H.
Dilger
|
|
99.75%
|
319,682,256
|
|
0.25%
|
794,098
|
Randall J.
Findlay
|
|
97.65%
|
312,956,484
|
|
2.35%
|
7,519,870
|
Robert G.
Gwin
|
|
99.81%
|
319,862,115
|
|
0.19%
|
614,239
|
Maureen E.
Howe
|
|
99.22%
|
317,970,884
|
|
0.78%
|
2,505,470
|
Gordon J.
Kerr
|
|
96.47%
|
309,179,220
|
|
3.53%
|
11,297,134
|
David M.B.
LeGresley
|
|
97.18%
|
311,433,612
|
|
2.82%
|
9,042,742
|
Leslie A.
O'Donoghue
|
|
96.06%
|
307,854,584
|
|
3.94%
|
12,621,770
|
Bruce D.
Rubin
|
|
99.81%
|
319,852,966
|
|
0.19%
|
623,388
|
Henry W.
Sykes
|
|
97.28%
|
311,768,046
|
|
2.72%
|
8,708,308
|
2. Appointment of
Auditors
KPMG LLP, Chartered Accountants, were appointed to serve as the
auditors of the Company until the close of the next annual meeting,
at remuneration to be fixed by the directors on the recommendation
of the Audit Committee.
3. Approval of Amendment
to By-Law Number One
A resolution to amend and restate By-Law Number One was approved
with an approximate 99.64 percent of votes cast in favour.
4. Approval of By-Law
Number Two (Advance Notice By-Law)
An ordinary resolution to approve Pembina's advance notice
by-law (By-Law Number 2) was approved with an approximate 99.60
percent of votes cast in favour.
5. Acceptance of
Company's Approach to Executive Compensation
On an advisory basis and not to diminish the role and
responsibility of the board of directors, the approach to executive
compensation disclosed in the Information Circular was approved
with an approximate 92.08 percent of votes cast in favour.
Additional details in respect the Meeting's voting results can
be found on Pembina's profile at www.sedar.com and
www.sec.gov.
Retirement of Board Members and Appointment of New Board
Members
Pembina announced today that Mr. Bob
Michaleski and Mr. Jeff Smith
did not stand for re-election and will retire from the board.
"On behalf of Pembina's Board and management, I would like to
thank both Mr. Michaleski and Mr. Smith for their dedication and
significant contributions to the Company and the Board," said
Randall Findlay, Chair of the Board
of Directors. "Pembina has benefited greatly from the experience,
wisdom and counsel from these two gentlemen and we wish them all
the best in the future."
Pembina also announced the appointment of two new board
members. Mr. Robert Gwin was
appointed to the Board at the annual meeting of common shareholders
on May 8, 2020 and subsequent to the
Meeting, Ms. Cynthia Carroll was
selected by the Directors to join to the Board.
Mr. Findlay added: "I am also pleased to welcome Mr. Gwin and
Ms. Carroll to the Board of Directors. Mr. Gwin will bring
with him over 30 years of directly relevant leadership experience
in the energy and financial sectors while Ms. Carroll brings
leadership of global businesses, particularly in the industrial
sector. We believe these two additional directors will
further support our strategy to deliver long-term, sustainable
value to our shareholders through operational excellence, strong
governance and continued growth and we look forward to working with
them."
Mr. Gwin was the President of Anadarko Petroleum Corporation,
one of the world's largest independent oil and natural gas
exploration and production companies, prior to its acquisition by
Occidental Petroleum Corporation in late 2019. Prior thereto, he
was the Executive Vice President, Finance and Chief Financial
Officer of Anadarko from 2009 to 2018. Mr. Gwin joined Anadarko in
2006 and was a member of the executive committee since 2008. He
also served as the Chairman of the Board of Western Gas Partners,
LP, a large U.S. oil and natural gas midstream company, from 2010
to 2018, and previously as their President and CEO from 2007 to
2010.
Ms. Carroll has spent most of her career leading global
businesses in the industrial sector. She began her career as an
exploration geologist at Amoco Production Company in Denver, Colorado before joining Alcan Aluminum
Corporation. From 2007 to 2013, she served as the Chief Executive
Officer of Anglo American PLC, at the time one of the largest and
most diversified mining companies in the world. Ms. Carroll serves
on the boards of directors of several public companies.
Mr. Gwin's appointment includes serving on the Board's Human
Resources, Health and Compensation and Governance, Nominating &
CSR Committees. Ms. Carroll's appointment includes serving on the
Board's Human Resources, Health and Compensation and Safety &
Environment Committees. Committee charters and full biographies for
both Mr. Gwin and Ms. Carroll can be found at www.pembina.com.
About Pembina
Calgary-based Pembina Pipeline
Corporation is a leading transportation and midstream service
provider that has been serving North
America's energy industry for 65 years. Pembina owns an
integrated system of pipelines that transport various hydrocarbon
liquids and natural gas products produced primarily in western
Canada. The Company also owns gas
gathering and processing facilities; an oil and natural gas liquids
infrastructure and logistics business; is growing an export
terminals business; and is currently developing a petrochemical
facility to convert propane into polypropylene. Pembina's
integrated assets and commercial operations along the majority of
the hydrocarbon value chain allow it to offer a full spectrum of
midstream and marketing services to the energy sector. Pembina is
committed to identifying additional opportunities to connect
hydrocarbon production to new demand locations through the
development of infrastructure that would extend Pembina's service
offering even further along the hydrocarbon value chain. These new
developments will contribute to ensuring that hydrocarbons produced
in the Western Canadian Sedimentary Basin and the other basins
where Pembina operates can reach the highest value markets
throughout the world.
Purpose of Pembina:
To be the leader in delivering integrated infrastructure
solutions connecting global markets;
- Customers choose us first for reliable and value-added
services;
- Investors receive sustainable industry-leading total
returns;
- Employees say we are the 'employer of choice' and value
our safe, respectful, collaborative and fair work culture; and
- Communities welcome us and recognize the net positive
impact of our social and environmental commitment.
Pembina is structured into three Divisions: Pipelines Division,
Facilities Division and Marketing & New Ventures Division.
Pembina's common shares trade on the Toronto and New
York stock exchanges under PPL and PBA, respectively. For
more information, visit www.pembina.com.
Investor Relations: Scott Arnold,
(403) 231-3156, 1-855-880-7404, e-mail:
investor-relations@pembina.com, www.pembina.com