TransAlta Corporation : Announces Results of the Annual and Special Meeting of Shareholders and Election of all Directors
April 22, 2020 at 04:25 am IST
Share
CALGARY, April 21, 2020 /CNW/ - TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta" or the "Company") held its virtual Annual and Special Meeting of Shareholders on April 21, 2020. A total of 170,787,738 common shares, representing 61.64 per cent of the shares outstanding were represented in person and by proxy at the meeting.
The following resolutions were considered by Shareholders:
Election of Directors
The twelve director nominees proposed by management were elected. The votes by ballot were received as follows:
Nominee
Votes For
Per cent
Withheld
Per cent
Rona H. Ambrose
161,396,937
99.29
1,149,763
0.71
John P. Dielwart
159,572,935
98.17
2,973,765
1.83
Dawn L. Farrell
161,944,487
99.63
602,213
0.37
Robert C. Flexon
161,999,064
99.66
547,636
0.34
Alan J. Fohrer
161,364,944
99.27
1,181,756
0.73
Harry Goldgut
162,091,002
99.72
455,698
0.28
Richard Legault
162,090,995
99.72
458,705
0.28
Yakout Mansour
161,992,213
99.66
554,487
0.34
Georgia R. Nelson
160,848,072
98.95
1,698,628
1.05
Beverlee F. Park
161,330,347
99.25
1,216,353
0.75
Bryan D. Pinney
160,934,046
99.01
1,612,654
0.99
Sandra R. Sharman
162,016,245
99.67
530,455
0.33
Appointment of Auditors
The appointment of Ernst & Young LLP to serve as the auditors for 2020 was approved. The votes by ballot were received as follows:
Votes For
Per cent
Withheld
Per cent
168,957,493
98.93
1,830,247
1.07
Advisory Vote on Executive Compensation
The advisory vote on the Company's approach to executive compensation was approved. The votes by ballot were received as follows:
Votes For
Per cent
Votes Against
Per cent
160,519,556
98.75
2,027,143
1.25
Amendment and Restatement of By-law No. 1
The resolution authorizing the Corporation to amend and restate its Amended and Restated By-law No. 1 was approved. The votes by ballot were received as follows:
Votes For
Per cent
Votes Against
Per cent
161,733,500
99.50
813,198
0.50
Amendment and Restatement of By-law No. 2
The resolution authorizing the Corporation to amend and restate its Advance Notice By-law No. 2 was approved. The votes by ballot were received as follows:
Votes For
Per cent
Votes Against
Per cent
161,918,877
99.61
627,882
0.39
Amendment to Stock Option Plan
The resolution authorizing the Corporation to amend its Stock Option Plan was approved. The votes by ballot were received as follows:
Votes For
Per cent
Votes Against
Per cent
154,328,099
94.94
8,218,600
5.06
About TransAlta: TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with clean, affordable, energy efficient and reliable power. Today, TransAlta is one of Canada's largest producers of wind power and Alberta's largest producer of hydroelectric power. For over 100 years, TransAlta has been a responsible operator and a proud community-member where its employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and has been recognized by CDP (formerly Climate Disclosure Project) as an industry leader on Climate Change Management. TransAlta is proud to have achieved the Silver level PAR (Progressive Aboriginal Relations) designation by the Canadian Council for Aboriginal Business.
For more information about TransAlta, visit its web site at transalta.com.
View original content:http://www.prnewswire.com/news-releases/transalta-corporation-announces-results-of-the-annual-and-special-meeting-of-shareholders-and-election-of-all-directors-301044814.html
TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets, utilizing a range of input resources that includes water, wind, solar, natural gas and thermal coal in Canada, the United States and Australia. The Company provides clean power for municipalities, medium and large industries, and utility customers. Its segments include Hydro, Wind & Solar, Gas, Energy Transition, Energy Marketing, and Corporate. The Company has a diversified portfolio of energy assets and its diverse fleet of hydro, wind, solar, natural gas and cogeneration generate about 6.7 gigawatts (GW) of electricity. It delivers renewable energy solutions for large scale commercial partners, including tech companies. It operates a fleet of electrical power generation assets, including Antrim Wind Project, Ardenville Wind Facility, Old Town Wind Project, Pinnacle Project, SunHills Solar Project, Cascade hydro power plant, and Fortescue River Gas Pipeline, among others.