IAMGOLD Announces Results of Annual and Special Meeting of Shareholders

Rhea-AI Summary

IAMGOLD (NYSE: IAG) reported the results of its Annual and Special Meeting of Shareholders held on May 29, 2024.

All eight director nominees were elected with over 99% of votes in favor. KPMG LLP was appointed as the auditor with 91.09% approval, while the advisory vote on executive compensation saw 97.93% support.

Additionally, amendments to the share incentive plan were approved by 97.15% of shareholders.

Positive

• All director nominees received over 99% of votes in favor, indicating strong shareholder support.
• KPMG LLP was reappointed as auditor with 91.09% approval, ensuring continuity in auditing practices.
• The advisory vote on executive compensation passed with a 97.93% majority, showing shareholder approval of the company's compensation strategy.
• Amendments to the share incentive plan were approved by 97.15%, reflecting shareholder confidence in the revised plan.

Negative

• A notable 8.91% of votes were withheld for the appointment of KPMG LLP as auditors, indicating some shareholder dissent.
• The share incentive plan amendments saw 2.85% of votes against, suggesting minor shareholder dissatisfaction.

Toronto, Ontario--(Newsfile Corp. - May 29, 2024) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") announces the voting results from the Company's Annual and Special Meeting of Shareholders (the "Meeting") held Wednesday, May 29, 2024. A summary of the results are as follows:

1. Election of Directors

The nominees listed on the Management Information Circular dated April 23, 2024, were elected as directors of the Corporation to hold office for the ensuing year or until their successors are elected or appointed. The Corporation received the following votes with respect to the election of the eight nominees:

Nominee	Votes For	% For	Votes Against	% Against
Renaud Adams	260,552,059	99.77%	613,184	0.23%
Christiane Bergevin	260,084,167	99.59%	1,081,076	0.41%
Ann K. Masse	260,344,677	99.69%	820,565	0.31%
Lawrence Peter O'Hagan	259,451,164	99.34%	1,714,078	0.66%
Kevin P. O'Kane	260,373,651	99.70%	791,592	0.30%
David S. Smith	260,467,763	99.73%	697,480	0.27%
Murray P. Suey	260,453,391	99.73%	711,852	0.27%
Anne Marie Toutant	260,469,439	99.73%	695,804	0.27%
Audra Walsh	260,302,059	99.67%	863,184	0.33%

 

2. Appointment of Auditors

KPMG LLP were appointed auditor of the Corporation to hold office until the close of the next annual meeting of shareholders or until their successors are appointed, and the directors of the Corporation were authorized to fix the remuneration of the auditors. The Corporation received the following votes with respect to the election of the auditor:

	Votes For	% For	Votes Withheld	% Withheld
KPMG LLP	275,036,462	91.09%	26,893,534	8.91%

 

3. Advisory Vote on Executive Compensation

The shareholders approved an advisory resolution on IAMGOLD's approach to executive compensation. The Corporation received the following votes with respect to executive compensation:

	Votes For	% For	Votes Against	% Against
Executive Compensation	255,764,551	97.93%	5,400,692	2.07%

 

4. Amendments to the Share Incentive Plan of the Corporation

The shareholders approved the amendments to the share incentive plan of the Corporation and the amended and restated share incentive plan of the Corporation. The Corporation received the following votes with respect to the amendments to the share incentive plan:

	Votes For	% For	Votes Against	% Against
Share Incentive Plan	253,730,072	97.15%	7,435,171	2.85%

 

About IAMGOLD

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa. The Company has commenced production at the large-scale, long life Côté Gold Mine in partnership with Sumitomo Metal Mining Co. Ltd., which is expected to be among the largest gold mines in Canada. In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts. IAMGOLD employs approximately 3,600 people and is committed to maintaining its culture of accountable mining through high standards of Environmental, Social and Governance practices, including its commitment to Zero Harm®, in every aspect of its business. IAMGOLD is listed on the New York Stock Exchange (NYSE: IAG) and the Toronto Stock Exchange (TSX: IMG) and is one of the companies on the Jantzi Social Index, a socially screened market capitalization-weighted index consisting of companies which pass a set of broadly based environmental, social and governance rating criteria.

IAMGOLD Contact Information

Graeme Jennings, Vice President, Investor Relations
Tel: 416 360 4743 | Mobile: 416 388 6883
Toll-free: 1 888 464 9999
info@iamgold.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210960

FAQ

What were the results of IAMGOLD's director elections on May 29, 2024?

All eight nominees were elected as directors, each receiving over 99% of votes in favor.

How did shareholders vote on the appointment of KPMG LLP as auditors for IAMGOLD?

KPMG LLP was appointed as auditor with 91.09% of votes in favor and 8.91% withheld.

What was the outcome of the advisory vote on executive compensation for IAMGOLD?

The advisory vote on executive compensation was approved with 97.93% of votes in favor.

Were the amendments to IAMGOLD's share incentive plan approved?

Yes, the amendments to the share incentive plan were approved with 97.15% of votes in favor.