North American Construction Group Ltd. Announces Voting Results of Annual and Special Meeting of Shareholders

Rhea-AI Summary

North American Construction Group Ltd. (NOA) held its Annual and Special Meeting of Shareholders on May 4, 2021, announcing the results of key votes. All proposed directors, including Martin R. Ferron and Bryan D. Pinney, were elected with significant majority votes, surpassing 91%. KPMG LLP was appointed as the independent auditors, also receiving near-unanimous support. The advisory vote on executive compensation passed with 68.82% approval. NACG has provided services to major oil, natural gas, and resource companies for over 65 years.

Positive

• All proposed directors were elected with significant majority support, indicating strong shareholder confidence.
• KPMG LLP appointed as auditors with 99.99% approval, reflecting trust in financial oversight.
• The advisory resolution on executive compensation received a favorable vote of 68.82%, showing shareholder alignment on compensation practices.

Negative

• Maryse C. Saint-Laurent faced the highest opposition with 8.95% of votes against her election, indicating potential shareholder concerns.

ACHESON, Alberta, May 06, 2022 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA/NYSE:NOA) today announced the results of its Annual and Special Meeting of Shareholders held on May 4, 2021. Shareholders elected directors, approved the appointment of KPMG LLP as the independent auditors of the Company and approved a non-binding advisory vote regarding the Company’s approach to executive compensation. The following are the results of the votes held at the meeting:

	Outcome	Votes For	Withheld or Against
Election of Martin R. Ferron as director	Passed	96.23%	3.77%
Election of Bryan D. Pinney as director	Passed	98.91%	1.09%
Election of John J. Pollesel as director	Passed	99.81%	0.19%
Election of Thomas P. Stan as director	Passed	99.81%	0.19%
Election of Kristina E. Williams as director	Passed	99.62%	0.38%
Election of Maryse C. Saint-Laurent as director	Passed	91.05%	8.95%
Election of Joseph C. Lambert as director	Passed	99.67%	0.33%
Appointment of KPMG LLP as auditors of the Company for the ensuing year and the authorization of the directors to fix their remuneration	Passed	99.99%	0.01%
Approval of the non-binding advisory resolution to accept the approach to executive compensation disclosed in the management information circular delivered in advance of the meeting	Passed	68.82%	31.18%

About the Company

North American Construction Group Ltd. (www.nacg.ca) is one of Canada’s largest providers of heavy civil construction and mining contractors. For more than 65 years, NACG has provided services to large oil, natural gas and resource companies.

For further information contact:

Jason Veenstra, CPA, CA
Chief Financial Officer
North American Construction Group Ltd.
(780) 960-7171
ir@nacg.ca
www.nacg.ca

FAQ

What were the results of the North American Construction Group Ltd. shareholders meeting on May 4, 2021?

All proposed directors were elected with strong majority support, and KPMG LLP was appointed as auditors.

What percentage of votes supported the executive compensation approach at North American Construction Group Ltd.?

The executive compensation approach was supported by 68.82% of votes.

Who were the newly elected directors at North American Construction Group Ltd.'s meeting?

The elected directors included Martin R. Ferron, Bryan D. Pinney, John J. Pollesel, among others.

What was the level of support for KPMG LLP as auditors for North American Construction Group Ltd.?

KPMG LLP received 99.99% support for their appointment as auditors.

Was there any significant opposition to any director during the election at North American Construction Group Ltd.?

Yes, Maryse C. Saint-Laurent received 8.95% of votes against her election.