Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors and Say on Pay
05 May 2023 - 6:22AM
Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS)
announced the voting results from its Annual Meeting of
Shareholders held 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,
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 Board 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 |
266,517,266 |
99.29 |
1,898,867 |
0.71 |
Pierre J. Blouin |
262,927,972 |
97.96 |
5,488,161 |
2.04 |
Lawrence T. Borgard |
267,730,971 |
99.74 |
685,163 |
0.26 |
Maura J. Clark |
266,341,865 |
99.23 |
2,074,268 |
0.77 |
Lisa Crutchfield |
265,546,126 |
98.93 |
2,870,007 |
1.07 |
Margarita K. Dilley |
267,662,377 |
99.72 |
753,756 |
0.28 |
Julie A. Dobson |
256,372,941 |
95.51 |
12,043,192 |
4.49 |
Lisa L. Durocher |
266,226,342 |
99.18 |
2,189,791 |
0.82 |
David G. Hutchens |
267,859,833 |
99.79 |
556,300 |
0.21 |
Gianna M. Manes |
267,460,134 |
99.64 |
955,999 |
0.36 |
Don R. Marchand |
267,959,342 |
99.83 |
456,791 |
0.17 |
Jo Mark Zurel |
263,784,980 |
98.27 |
4,631,153 |
1.73 |
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 |
274,484,908 |
99.53 |
1,284,966 |
0.47 |
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 |
248,406,339 |
92.55 |
20,009,786 |
7.45 |
About FortisFortis is a
well-diversified leader in the North American regulated electric
and gas utility industry, with 2022 revenue of $11 billion and
total assets of $65 billion as at March 31, 2023. The Corporation's
9,200 employees serve utility customers in five Canadian provinces,
ten 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.
A .pdf version of this press release is
available
at: http://ml.globenewswire.com/Resource/Download/3e87ad40-48a2-4b34-be27-179f6b440ff3
For further information
contact
Investor Enquiries:Ms. Stephanie Amaimo Vice President, Investor
RelationsFortis
Inc.248.946.3572investorrelations@fortisinc.com |
Media Enquiries:Ms. Karen McCarthyVice President, Communications
& Government RelationsFortis
Inc.709.737.5323media@fortisinc.com |
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