Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, Say on Pay, and Omnibus Equity Plan
May 03, 2024 at 12:30 am IST
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ST. JOHN'S, Newfoundland and Labrador, May 02, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced the voting results from its Annual and Special 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, approving the non-binding advisory vote regarding the Corporation's approach to executive compensation, and approving the omnibus equity plan and related matters.
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
270,028,891
99.03
2,654,207
0.97
Pierre J. Blouin
269,114,480
98.69
3,568,619
1.31
Lawrence T. Borgard
271,746,290
99.66
936,809
0.34
Maura J. Clark
270,934,611
99.36
1,748,913
0.64
Lisa Crutchfield
270,669,603
99.26
2,013,495
0.74
Margarita K. Dilley
271,654,834
99.62
1,028,264
0.38
Julie A. Dobson
263,037,347
96.46
9,646,178
3.54
Lisa L. Durocher
270,768,452
99.30
1,915,072
0.70
David G. Hutchens
271,767,459
99.66
916,066
0.34
Gianna M. Manes
270,724,552
99.28
1,958,547
0.72
Don R. Marchand
271,294,085
99.49
1,389,013
0.51
Jo Mark Zurel
266,144,340
97.60
6,538,758
2.40
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
277,986,153
99.50
1,400,764
0.50
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
251,463,179
92.25
21,122,283
7.75
Omnibus Equity Plan and Related Matters
Shareholders approved the Corporation’s omnibus equity plan and related matters.
# Votes For
% Votes For
# Votes Against
% Votes Against
259,643,309
95.26
12,933,477
4.74
About Fortis Fortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2023 revenue of $12 billion and total assets of $68 billion as at March 31, 2024. The Corporation's 9,600 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.sedarplus.ca, or www.sec.gov.
A .pdf version of this press release is available at: http://ml.globenewswire.com/Resource/Download/bf67405e-381b-4400-9a4c-d97e8fa29be4
Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. The Company's regulated utility businesses includes ITC Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC; UNS Energy Corporation, which primarily includes Tucson Electric Power Company (TEP), UNS Electric, Inc. and UNS Gas, Inc.; CH Energy Group, Inc, which primarily includes Central Hudson Gas and Electric Corporation; FortisBC Energy Inc.; FortisAlberta Inc. and FortisBC Inc. The Companyâs non-regulated businesses include energy infrastructure and corporate and other.