DENVER, April 30, 2020 /CNW/ - Ovintiv Inc. (NYSE, TSX: OVV) announced today that the following matters, as further described in the Company's Proxy Statement dated March 6, 2020 (the "Proxy Statement"), were voted upon at its 2020 Annual Meeting of Stockholders held on April 29, 2020.
Advisory Vote to Approve Compensation of Named Executive Officers
The results of the non-binding advisory vote for the compensation of the Company's named executive officers were as follows:
Votes For
Percent
Votes Against
Percent
154,683,397
88.95%
19,205,324
11.04%
Election of Directors
Each nominee listed in the Proxy Statement was elected as a Director of the Company. The results of the vote by ballot were as follows:
Name of Nominee
Votes For
Percent
Votes Against
Percent
Peter A. Dea
161,015,193
92.61%
12,834,387
7.38%
Fred J. Fowler
164,732,258
94.75%
9,112,701
5.24%
Howard J. Mayson
164,797,869
94.83%
8,967,989
5.16%
Lee A. McIntire
161,017,505
92.66%
12,742,562
7.33%
Margaret A. McKenzie
164,649,853
94.75%
9,115,476
5.24%
Steven W. Nance
166,275,351
95.63%
7,594,318
4.36%
Suzanne P. Nimocks
160,811,938
92.54%
12,958,340
7.45%
Thomas G. Ricks
156,443,194
89.97%
17,425,160
10.02%
Brian G. Shaw
166,318,885
95.71%
7,439,582
4.28%
Douglas J. Suttles
162,861,416
93.61%
11,111,079
6.38%
Bruce G. Waterman
165,689,347
95.35%
8,070,350
4.64%
Clayton H. Woitas
162,653,756
93.60%
11,118,266
6.39%
Ratify PricewaterhouseCoopers LLP as Independent Auditors
The results for the ratification of PricewaterhouseCoopers LLP, Chartered Accountants, as the Company's independent auditors were as follows:
Votes For
Percent
Votes Against
Percent
186,054,339
96.71%
6,318,911
3.28%
Stockholder Proposal
The results for the stockholder proposal, as disclosed in the Proxy Statement, were as follows:
Votes For
Percent
Votes Against
Percent
97,670,799
56.41%
75,468,353
43.58%
Further information on Ovintiv Inc. is available on the Company's website, www.ovintiv.com, or by contacting:
Investor contact:
(888) 525-0304
Media contact:
(281) 210-5253
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Ovintiv Inc. is an oil and natural gas exploration and production company. The Company is focused on the development of its multi-basin portfolio of top tier oil and natural gas assets located in the United States and Canada. Its operations also include the marketing of oil, natural gas liquids (NGLs) and natural gas. Its segments include USA Operations, Canadian Operations, and Market Optimization. USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other activities within Canada. Market Optimization segment is primarily responsible for the sale of the Companyâs production to third-party customers and enhancing the associated netback price. The segmentâs activities also include third-party purchases and sales of product to provide operational flexibility.