Fortis Inc. Shareholders Approve Election of Directors, appointment of Auditors and Say on Pay
04 May 2018 - 5:08AM
Fortis Inc. ("Fortis" or the "Corporation") (TSX:FTS) (NYSE:FTS)
announced the voting results from its Annual Meeting of
Shareholders held today in St. John's, Newfoundland and Labrador.
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 and voting on an
advisory basis to accept the Corporation's approach to executive
compensation.
Election of
Directors
Fortis shareholders elected the following 12
individuals to the Fortis board of directors to serve until the
next Annual Meeting of Shareholders or until their successors are
elected or appointed:
Nominees |
Votes For |
Votes Withheld |
Tracey C. Ball |
224,883,755 |
99.74 |
% |
580,482 |
0.26 |
% |
Pierre J. Blouin |
224,569,071 |
99.60 |
% |
895,166 |
0.40 |
% |
Paul J. Bonavia |
224,917,325 |
99.76 |
% |
546,912 |
0.24 |
% |
Lawrence T. Borgard |
223,257,227 |
99.02 |
% |
2,207,010 |
0.98 |
% |
Maura J. Clark |
223,240,044 |
99.01 |
% |
2,224,193 |
0.99 |
% |
Margarita K. Dilley |
223,049,617 |
98.93 |
% |
2,414,620 |
1.07 |
% |
Julie A. Dobson |
224,493,291 |
99.57 |
% |
970,084 |
0.43 |
% |
Ida J. Goodreau |
222,925,659 |
98.87 |
% |
2,538,578 |
1.13 |
% |
Douglas J. Haughey |
224,490,594 |
99.57 |
% |
973,643 |
0.43 |
% |
Barry V. Perry |
224,795,918 |
99.70 |
% |
668,319 |
0.30 |
% |
Joseph L. Welch |
224,745,200 |
99.68 |
% |
719,037 |
0.32 |
% |
Jo Mark Zurel |
224,607,924 |
99.62 |
% |
856,313 |
0.38 |
% |
"We are pleased to welcome two new members to
our board of directors," said Mr. Douglas Haughey, Chair
of the Board of Fortis. "Both Paul Bonavia and Julie Dobson
bring a wealth of experience to the board. Paul has
extensive utility experience including running our Arizona
utilities prior to their acquisition by Fortis in 2014. Julie
is a seasoned senior executive with extensive experience in the
telecommunications and utility industries."
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 Withheld |
234,174,416 |
99.69 |
% |
730,453 |
0.31 |
% |
Say on Pay
Shareholders approved the non-binding advisory
vote regarding the Corporation's approach to executive compensation
("Say on Pay") at the Annual Meeting of Shareholders. The Fortis
board of directors takes the results of the Say on Pay vote into
account when considering future compensation policies, practices
and decisions and in determining whether there is a need to
increase engagement with shareholders on compensation and
related matters.
Votes For |
Votes Against |
220,621,830 |
97.85 |
% |
4,842,400 |
2.15 |
% |
About
Fortis
Fortis is a leader in the North American
regulated electric and gas utility industry with 2017 revenue
of C$8.3 billion and total assets of C$49 billion as at March 31,
2018. The Corporation's 8,500 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 |
Media Enquiries |
Ms. Kealey Martin |
Ms. Karen McCarthy |
Director, Investor
Relations |
Vice President,
Communications & Corporate Affairs |
Fortis Inc. |
Fortis Inc. |
709.737.2900 |
709.737.5323 |
investorrelations@fortisinc.com |
media@fortisinc.com |
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