Methanex Reports on Annual General Meeting of Shareholders

Rhea-AI Summary

Methanex Corporation (NASDAQ: MEOH) held its Annual General Meeting on April 28, 2022, in Vancouver, British Columbia. A total of 61,242,426 common shares were voted, representing 83.08% of outstanding shares. Shareholders approved all agenda items, including the election of directors with over 99% votes in favor for most nominees. KPMG LLP was re-appointed as auditors, though only 58.51% votes were for their reappointment. Additionally, an advisory vote on executive compensation was approved with 68.22% in favor, indicating shareholder support for the company's compensation practices.

Positive

• Shareholders approved all items of business, indicating strong support for management.
• High approval rates for director nominees, with most exceeding 99% votes for.

Negative

• Only 58.51% of votes were for the reappointment of KPMG LLP as auditors, suggesting some shareholder discontent.
• 31.78% of shareholders voted against the advisory vote on executive compensation, reflecting potential concerns about executive pay.

VANCOUVER, British Columbia, April 29, 2022 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held on April 28, 2022 in Vancouver, British Columbia.

Voting Results from Annual General Meeting

A total of 61,242,426 common shares were voted at the meeting, representing 83.08% of all outstanding shares. Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees as follows:

Director	Votes For	% of Votes For	Votes Withheld	% of Votes Withheld
Douglas Arnell	59,993,354	99.92%	48,260	0.08
James Bertram	59,526,548	99.14	515,066	0.86
Paul Dobson	59,829,982	99.65	211,632	0.35
John Floren	59,973,725	99.89	67,889	0.11
Maureen Howe	59,651,549	99.35	390,065	0.65
Robert Kostelnik	58,136,078	96.83	1,905,536	3.17
Leslie O’Donoghue	59,875,543	99.72	166,071	0.28
Kevin Rodgers	59,769,774	99.55	271,840	0.45
Margaret Walker	59,985,552	99.91	56,062	0.09
Benita Warmbold	59,583,082	99.24	458,532	0.76
Xiaoping Yang	59,986,671	99.91	54,943	0.09

Appointment of Auditors

KPMG LLP, Chartered Professional Accountants, was re-appointed as auditor of Methanex.

Votes For (percent): 58.51%
Votes Withheld (percent): 41.49%

Advisory Vote on Executive Compensation

A non-binding advisory vote to accept Methanex’s approach to executive compensation as disclosed in the Information Circular dated March 10, 2022 was approved.

Votes For (percent): 68.22%
Votes Against (percent): 31.78%

Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol to major international markets. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the NASDAQ Global Market in the United States under the trading symbol "MEOH”. Methanex can be visited online at www.methanex.com.

For further information, contact:

Sarah Herriott
Director, Investor Relations
Methanex Corporation
604 661 2600 or Toll Free: 1 800 661 8851
www.methanex.com

FAQ

What were the voting results for Methanex's Annual General Meeting on April 28, 2022?

A total of 61,242,426 shares were voted, with shareholder approval for all agenda items.

What percentage of votes were in favor of Methanex's directors during the AGM?

Most director nominees received over 99% votes in favor.

Who was re-appointed as auditors for Methanex Corporation?

KPMG LLP was re-appointed, receiving only 58.51% of votes in favor.

What was the outcome of the advisory vote on executive compensation at Methanex?

The advisory vote on executive compensation was approved with 68.22% of votes in favor.

What stock symbol is Methanex traded under?

Methanex is traded under the stock symbol 'MEOH' on NASDAQ.