Lithium Americas Announces 2022 AGM Results

Rhea-AI Summary

Lithium Americas Corp. (TSX: LAC, NYSE: LAC) announced the results of its annual shareholder meeting held on June 21, 2022. Shareholders approved several key items, including:

• Setting the Board of Directors at nine members.
• Electing nine incumbent directors.
• Reappointing PricewaterhouseCoopers LLP as auditors.
• Passing a non-binding advisory vote on executive compensation.

Voting results showed strong support for all resolutions, with over 96% approval for the advisory vote on executive compensation.

Positive

• Strong shareholder support with over 98% votes in favor of board size.
• All nine incumbent directors were re-elected with significant majorities.
• PricewaterhouseCoopers LLP reappointed as auditors with 99.24% approval.
• Advisory vote on executive compensation received 96.19% support.

Negative

• Dr. Yuan Gao received only 89.05% approval, indicating some shareholder dissent.
• Xiaoshen Wang faced a 12.57% vote against, suggesting potential concerns among shareholders.

VANCOUVER, British Columbia, June 21, 2022 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) is pleased to announce the voting results from its annual meeting of shareholders held on June 21, 2022 (the “Meeting”).

A requisite majority of shareholders, casting votes in person or by proxy, approved the following items of business at the Meeting:

• setting the size of the Board of Directors at nine;
• electing each of the nine incumbent directors nominated by management;
• re-appointing PricewaterhouseCoopers LLP (“PwC”) as the Company’s auditor; and
• approving a non-binding advisory vote on executive compensation.

Votes were cast on the matters noted above as follows:

Election of Board of Directors

Number of Directors	Votes For	Votes Against
Setting the number of directors at nine	42,054,406 (98.86%)	483,077 (1.14%)
Director	Votes For	Votes Withheld
George Ireland	41,671,914 (97.97%)	865,570 (2.03%)
Fabiana Chubbs	41,461,079 (97.47%)	1,076,405 (2.53%)
Kelvin Dushnisky	41,135,680 (96.70%)	1,401,805 (3.30%)
Jonathan Evans	41,957,067 (98.64%)	580,417 (1.36%)
Dr. Yuan Gao	37,881,520 (89.05%)	4,655,965 (10.95%)
John Kanellitsas	41,088,159 (96.59%)	1,449,326 (3.41%)
Jinhee Magie	41,332,972 (97.17%)	1,204,512 (2.83%)
Franco Mignacco	41,238,860 (96.95%)	1,298,625 (3.05%)
Xiaoshen Wang	37,188,584 (87.43%)	5,348,901 (12.57%)

Appointment of the Auditors

Resolution	Votes For	Votes Withheld
Appointing PwC as the auditors	72,728,305 (99.24%)	558,305 (0.76%)

Advisory Vote

Resolution	Votes For	Votes Against
Advisory Vote on Executive Compensation	40,915,602 (96.19%)	1,621,882 (3.81%)

Further details concerning voting results are available under the Company’s profile on SEDAR at www.sedar.com.

ABOUT LITHIUM AMERICAS

Lithium Americas Corp. is focused on developing lithium projects in Argentina and the United States. Lithium Americas is a Canadian-based company listed on both the Toronto Stock Exchange (TSX: LAC) and New York Stock Exchange (NYSE: LAC).

For further information contact:
Investor Relations
Telephone: 778-656-5820
Email: ir@lithiumamericas.com
Website: www.lithiumamericas.com

FAQ

What were the voting results for Lithium Americas Corp. on June 21, 2022?

Lithium Americas Corp. received significant shareholder support for setting the Board of Directors at nine members, electing all nine incumbent directors, reappointing PwC as auditors, and approving executive compensation.

What is the stock symbol for Lithium Americas Corp.?

The stock symbol for Lithium Americas Corp. is LAC, listed on both the TSX and NYSE.

Who were re-elected to the board of directors of Lithium Americas Corp.?

All nine incumbent directors were re-elected, including George Ireland and Fabiana Chubbs, with votes in favor exceeding 96%.

How many votes were cast for the appointment of auditors at Lithium Americas Corp.'s meeting?

The appointment of PricewaterhouseCoopers LLP as auditors received 72,728,305 votes in favor, representing 99.24% approval.