Baytex Reports Shareholder Meeting Results

Rhea-AI Summary

Baytex Energy Corp. held its annual meeting of shareholders where all matters were approved, including the election of directors, appointment of auditor, and approval of executive compensation. The company is engaged in the acquisition, development, and production of crude oil and natural gas in Canada and the US.

Positive

• All matters presented for approval at the annual meeting were approved, indicating shareholders' confidence in the company's direction and management.

• The election of all proposed nominees as directors reflects a unified and strong leadership team within Baytex Energy Corp.

• Appointment of KPMG LLP as the company's auditor until the next annual meeting ensures continuity and stability in financial reporting and oversight.

• Approval of the non-binding advisory resolution regarding executive compensation shows transparency and accountability in the company's governance practices.

Negative

• None.

Calgary, Alberta--(Newsfile Corp. - May 9, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) reports that all matters presented for approval at the annual meeting of shareholders held today were approved. A total of 316,924,889 common shares being 38.56% of Baytex's issued and outstanding shares were represented at the meeting.

At the meeting, all of the nominees proposed as directors were duly elected. Results of the vote are set out below:

	Votes For
Name of Nominee	#	%
Mark R. Bly	279,175,060	98.39
Tiffany Thom Cepak	273,499,104	96.39
Trudy M. Curran	278,993,834	98.33
Eric T. Greager	278,765,125	98.25
Don G. Hrap	278,585,230	98.18
Angela S. Lekatsas	279,042,769	98.34
Jennifer A. Maki	279,927,045	98.65
David L. Pearce	280,357,997	98.81
Steve D.L. Reynish	279,707,133	98.58
Jeffrey E. Wojahn	279,644,700	98.56

 

KPMG LLP was appointed as Baytex's auditor until the next annual meeting of its shareholders, and the directors were authorized to fix their remuneration. The result of the vote is as follows:

Votes For
#	%
313,156,602	98.81

 

A non-binding advisory resolution with respect to Baytex's approach to executive compensation was approved. The result of the vote is as follows:

Votes For
#	%
273,467,333	96.38

 

Baytex Energy Corp. is an energy company with headquarters based in Calgary, Alberta and offices in Houston, Texas. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Baytex's common shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.

For further information about Baytex, please visit our website at www.baytexenergy.com or contact:

Brian Ector, Senior Vice President, Capital Markets & Investor Relations

Toll Free Number: 1-800-524-5521
Email: investor@baytexenergy.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/208696

FAQ

Where is Baytex Energy Corp. headquartered?

Baytex Energy Corp. is headquartered in Calgary, Alberta, with offices in Houston, Texas.

What is the stock symbol for Baytex Energy Corp. on the Toronto Stock Exchange and New York Stock Exchange?

The stock symbol for Baytex Energy Corp. on the Toronto Stock Exchange and New York Stock Exchange is BTE.

What is the primary focus of Baytex Energy Corp.'s business operations?

Baytex Energy Corp. is engaged in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States.

Who was appointed as Baytex Energy Corp.'s auditor until the next annual meeting?

KPMG LLP was appointed as Baytex Energy Corp.'s auditor until the next annual meeting.

What was the percentage of votes in favor of the non-binding advisory resolution on executive compensation?

The non-binding advisory resolution on executive compensation received a 96.38% approval rate.

How can I find more information about Baytex Energy Corp.?

For further information about Baytex Energy Corp., you can visit their website at www.baytexenergy.com or contact Brian Ector, Senior Vice President, Capital Markets & Investor Relations at 1-800-524-5521.