Algonquin Power & Utilities Corp. Holds Annual Meeting of Shareholders and Announces Election of Board of Directors

Rhea-AI Summary

Algonquin Power & Utilities Corp. (AQN) held its annual meeting of shareholders on June 4, 2024. During the meeting, nine directors were elected with high approval rates, ranging from 97.05% to 99.20%. Shareholders also re-appointed Ernst & Young LLP as auditors and approved amendments to several share unit plans and the company's executive compensation approach. Detailed voting results will be filed with various securities regulatory authorities.

Positive

• Nine directors were elected with strong approval, ranging from 97.05% to 99.20%.
• Ernst & Young LLP was re-appointed as the company's auditor.
• Shareholders approved amendments to the Share Unit Plan, Employee Share Purchase Plan, and Directors' Deferred Share Unit Plan.
• Shareholders endorsed the company’s approach to executive compensation.

Negative

• The press release does not mention any new business developments or financial performance updates.
• There were no specific financial figures or projections provided that could give insights into future performance.

OAKVILLE, ON, June 4, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX: AQN) (NYSE: AQN) today held an annual meeting of common shareholders.  At the meeting, each of the following nine nominees listed in the Company's management information circular dated April 18, 2024 were elected as directors of AQN pursuant to a vote by ballot:

Nominee	Votes For	% For	Votes Against	% Against
Melissa Stapleton Barnes	330,041,306	97.05 %	10,016,318	2.95 %
Brett Carter	337,316,968	99.19 %	2,740,656	0.81 %
Amee Chande	334,451,144	98.39 %	5,473,034	1.61 %
Daniel Goldberg	334,450,929	98.35 %	5,606,690	1.65 %
Christopher Huskilson	337,313,602	99.19 %	2,744,018	0.81 %
D. Randall Laney	332,234,748	97.70 %	7,822,869	2.30 %
David Levenson	337,297,113	99.19 %	2,760,509	0.81 %
Christopher Lopez	337,335,234	99.20 %	2,722,388	0.80 %
Dilek Samil	333,997,366	98.22 %	6,067,233	1.78 %

Shareholders also voted in favour of the re-appointment of Ernst & Young LLP as the Company's auditor for the ensuing year, resolutions approving amendments to the Share Unit Plan, Employee Share Purchase Plan, and Directors' Deferred Share Unit Plan, and an advisory resolution approving the Company's approach to executive compensation.

Final voting results on all matters voted on at the annual meeting of shareholders will be filed with Canadian and U.S. securities regulatory authorities at www.sedarplus.ca and www.sec.gov/edgar.

About Algonquin Power & Utilities Corp. and Liberty

Algonquin Power & Utilities Corp. is a diversified international generation, transmission, and distribution utility with approximately $18 billion of total assets. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. In addition, AQN owns, operates, and/or has net interests in over 4 GW of installed renewable energy capacity. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively. AQN's common shares, Series 2019-A subordinated notes and equity units are listed on the New York Stock Exchange under the symbols AQN, AQNB, and AQNU, respectively.

Visit AQN at www.algonquinpower.com and follow us on X.com @AQN_Utilities.

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SOURCE Algonquin Power & Utilities Corp.

FAQ

What was the outcome of the 2024 Algonquin Power & Utilities Corp. annual shareholders meeting?

Nine directors were elected with approval rates between 97.05% and 99.20%. Shareholders also re-appointed Ernst & Young LLP as auditors and approved amendments to various share unit plans and executive compensation.

Who was elected as a director at the Algonquin Power & Utilities Corp. 2024 annual meeting?

Nine directors were elected, including Melissa Stapleton Barnes, Brett Carter, Amee Chande, Daniel Goldberg, Christopher Huskilson, D. Randall Laney, David Levenson, Christopher Lopez, and Dilek Samil.

What percentage of votes did the directors receive at the 2024 Algonquin Power & Utilities Corp. meeting?

The directors received approval rates ranging from 97.05% to 99.20%.

Did Algonquin Power & Utilities Corp. shareholders approve the re-appointment of the auditor in 2024?

Yes, shareholders re-appointed Ernst & Young LLP as the company's auditor.

What other resolutions were approved at the Algonquin Power & Utilities Corp. 2024 annual meeting?

Shareholders approved amendments to the Share Unit Plan, Employee Share Purchase Plan, Directors' Deferred Share Unit Plan, and the company's approach to executive compensation.