Kinross announces Annual Shareholder Meeting voting results

Rhea-AI Summary

Kinross Gold Corporation (KGC) announced the voting results from its Annual Meeting of Shareholders held on May 12, 2021. All nominees in the Management Information Circular dated March 16, 2021, were elected as directors, expanding the board to nine members after the retirement of John A. Brough. Voting results showed strong support with over 98% votes in favor for most nominees. Other business included the appointment of auditors and approval of the shareholder rights plan with similar strong backing. Detailed voting results are available on SEDAR.

Positive

• All board nominees received over 98% approval from shareholders.
• The board now comprises nine members, enhancing governance.
• Successful appointment of auditors was confirmed with 98.54% approval.

Negative

• Catherine McLeod-Seltzer received only 81.45% approval, indicating potential shareholder concern.

TORONTO, May 13, 2021 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K, NYSE: KGC) has announced the detailed voting results of the election of its Board of Directors, which took place at the Company’s virtual Annual Meeting of Shareholders on May 12, 2021.

The nominees listed in the Management Information Circular dated March 16, 2021 were elected as directors of Kinross at the meeting (see detailed voting results below).

The appointments bring membership on the Kinross Board of Directors to nine, following the retirement of Mr. John A. Brough, effective December 31, 2020.

Board of Directors voting results

Nominee	Votes for	% for	Votes withheld	% withheld
Ian Atkinson	780,146,989	98.77%	9,691,955	1.23%
Kerry D. Dyte	787,984,238	99.77%	1,854,706	0.23%
Glenn A. Ives	788,340,862	99.81%	1,498,082	0.19%
Ave G. Lethbridge	787,938,460	99.76%	1,900,484	0.24%
Elizabeth D. McGregor	787,594,303	99.72%	2,244,642	0.28%
Catherine McLeod-Seltzer	643,287,312	81.45%	146,551,632	18.55%
Kelly J. Osborne	787,368,209	99.69%	2,470,735	0.31%
J. Paul Rollinson	788,292,564	99.80%	1,546,381	0.20%
David A. Scott	787,741,195	99.73%	2,097,750	0.27%

Voting results on the other items of business at the Annual Meeting of Shareholders are as follows:

Appointment of auditors

Votes for	% for	Votes withheld	% withheld
851,937,494	98.54%	12,630,831	1.46%

Reconfirmation of Shareholder Rights Plan

Votes for	% for	Votes against	% withheld
718,910,746	91.02%	70,933,553	8.98%

“Say on Pay” resolution on executive compensation

Votes for	% for	Votes against	% withheld
700,380,966	88.67%	89,460,801	11.33%

A report on all matters voted on at the meeting has been filed on SEDAR.

About Kinross Gold Corporation

Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Our focus is on delivering value based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

Media Contact
Louie Diaz
Vice-President, Corporate Communications
phone: 416-369-6469
louie.diaz@kinross.com

__________________________________

Investor Relations Contact
Tom Elliott                                
Senior Vice-President, Investor Relations
phone: 416-365-3390                        
tom.elliott@kinross.com

Source: Kinross Gold Corp. 

FAQ

What were the voting results for Kinross Gold Corporation's board elections on May 12, 2021?

All board nominees were elected with over 98% approval, except Catherine McLeod-Seltzer, who received 81.45%.

What percentage of shareholders approved the appointment of auditors at Kinross Gold's annual meeting?

The appointment of auditors received 98.54% approval from shareholders.

What changes were made to Kinross Gold Corporation's Board of Directors at the 2021 annual meeting?

The board expanded to nine members following the retirement of John A. Brough.

How did shareholders vote on the shareholder rights plan at Kinross Gold's annual meeting?

The reconfirmation of the shareholder rights plan was approved with 91.02% of votes in favor.

What was the outcome of the 'Say on Pay' resolution at Kinross Gold's 2021 annual meeting?

The resolution on executive compensation was approved with 88.67% of votes in favor.