Imperial reports voting results for election of directors

Rhea-AI Summary

Imperial Oil (TSE: IMO, NYSE American: IMO) announced the successful election of all seven director nominees at its annual meeting of shareholders. With 488,715,570 shares represented, each director received overwhelming support from shareholders. The company reaffirmed its position as a pioneer in technological innovation within Canada's energy sector.

Positive

• All seven director nominees were successfully elected, showcasing strong shareholder support and stability in the company's leadership.

• Imperial's significant presence in Canada as the largest petroleum refiner, crude oil producer, petrochemical producer, and fuels marketer highlights its diversified portfolio and industry leadership.

Negative

• M.C. (Miranda) Hubbs received a notable number of votes against her election as a director, indicating potential shareholder concerns or dissent towards her appointment.

CALGARY, Alberta--(BUSINESS WIRE)-- Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced at its annual meeting of shareholders held on April 30, 2024, that each of the seven nominees proposed as directors of the company and listed in its management proxy circular dated March 14, 2024 were elected as directors. A total of 488,715,570 shares (91.21 percent of outstanding common shares) were represented in person or by proxy. The shares represented at the meeting that were voted to elect the individual directors are set out below:

Nominee:	For:	Against:
D.W. (David) Cornhill	475,383,574	8,875,828
B.W. (Bradley) Corson	480,741,717	3,517,692
S.R. (Sharon) Driscoll	482,409,887	1,848,523
J.N. (John) Floren	478,911,169	5,348,239
G.J. (Gary) Goldberg	482,277,187	1,982,223
N.A. (Neil) Hansen	482,509,264	1,750,146
M.C. (Miranda) Hubbs	445,297,194	38,962,215

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/20240430641365/en/

For further information:

Investor relations

(587) 476-4743

Media relations

(587) 476-7010

Source: Imperial

FAQ

How many director nominees were elected at Imperial Oil 's annual meeting of shareholders?

All seven director nominees were successfully elected.

What percentage of outstanding common shares were represented at the meeting?

91.21 percent of outstanding common shares were represented in person or by proxy.

Who is the largest petroleum refiner in Canada according to the press release?

According to the press release, Imperial Oil is Canada's largest petroleum refiner.

What is the stock symbol for Imperial Oil ?

The stock symbol for Imperial Oil is IMO.

What was the date of Imperial Oil 's annual meeting of shareholders?

Imperial Oil 's annual meeting of shareholders was held on April 30, 2024.