Imperial reports voting results for election of directors

Rhea-AI Summary

Imperial Oil Limited (TSE: IMO, NYSE American: IMO) held its annual shareholder meeting on May 4, 2021, where all seven proposed nominees for the board of directors were elected. A total of 674,344,229 shares, representing 91.86% of outstanding common shares, were cast during the election. Notable votes included David Cornhill receiving 649,845,433 votes in favor and 24,498,796 withheld. Imperial Oil remains dedicated to innovation and high standards in responsibly developing Canada's energy resources as the country’s largest petroleum refiner.

Positive

• All seven nominated directors were successfully elected, ensuring continuity in leadership.
• 91.86% of outstanding shares were represented, indicating strong shareholder engagement.

Negative

• Some directors received significant withheld votes, indicating potential dissatisfaction among shareholders.

Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced at its annual meeting of shareholders held on May 4, 2021, that each of the seven nominees proposed as directors of the company and listed in its management proxy circular dated March 17, 2021 were elected as directors. A total of 674,344,229 shares (91.86 percent of outstanding common shares) were represented in person or by proxy. The percentage of shares represented at the meeting that were voted to elect the individual directors are set out below:

Nominee:	For:	Withheld:
D.W. (David) Cornhill	649,845,433	24,498,796
B.W. (Bradley) Corson	656,343,284	18,000,945
M.R. (Matthew) Crocker	671,381,407	2,962,822
K.T. (Krystyna) Hoeg	664,148,118	10,196,111
M.C. (Miranda) Hubbs	669,057,757	5,286,472
J.M. (Jack) Mintz	643,739,018	30,605,211
D.S. (David) Sutherland	658,802,073	15,542,156

After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.

Source: Imperial

View source version on businesswire.com: https://www.businesswire.com/news/home/20210504006309/en/

FAQ

What was the outcome of Imperial Oil's shareholder meeting held on May 4, 2021?

All seven nominees for the board of directors were elected during the meeting.

How many shares were represented at Imperial Oil's annual meeting?

A total of 674,344,229 shares, or 91.86% of outstanding common shares, were represented.

Who received the most votes at Imperial Oil’s annual meeting?

Matthew Crocker received the highest number of votes in favor with 671,381,407.

What concerns did shareholders express at the Imperial Oil meeting?

Several nominees received a significant number of withheld votes, indicating potential concerns among shareholders.

What is Imperial Oil's commitment following the annual shareholder meeting?

Imperial Oil remains committed to applying technology and innovation in responsibly developing Canada’s energy resources.