Ovintiv Announces Results of Annual Meeting

Rhea-AI Summary

Ovintiv Inc. (NYSE: OVV) announced the results of its 2021 Annual Meeting of Shareholders held on April 28, 2021. All director nominees were elected with varying approval percentages, with Meg A. Gentle receiving the highest at 99.41%. A non-binding advisory vote on executive compensation resulted in 76.34% approval. Additionally, PricewaterhouseCoopers LLP was ratified as the Company's independent auditors by 97.49%. These results reflect shareholder support for the company's leadership and strategic direction.

Positive

• All director nominees were elected with significant support.
• Meg A. Gentle received 99.41% approval in her election.
• 76.34% of shareholders approved executive compensation in the advisory vote.
• PricewaterhouseCoopers LLP ratified as independent auditors by 97.49%.

Negative

• Peter A. Dea received only 82.41% approval, indicating some shareholder concerns.

DENVER, April 29, 2021 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that the following matters, as further described in the Company's Proxy Statement filed on March 12, 2021 (the "Proxy Statement"), were voted upon at its 2021 Annual Meeting of Shareholders held on April 28, 2021.

1.     Election of Directors

Each nominee listed in the Proxy Statement was elected as a director of the Company. The results of the vote by ballot were as follows:

Name of Nominee	Votes For	Percent	Votes Against	Percent
Peter A. Dea	124,840,095	82.41%	26,650,131	17.59%
Meg A. Gentle	151,565,268	99.41%	899,878	0.59%
Howard J. Mayson	131,218,947	86.04%	21,282,697	13.96%
Lee A. McIntire	129,230,647	84.74%	23,265,857	15.26%
Katherine L. Minyard	151,508,527	99.36%	981,328	0.64%
Steven W. Nance	132,089,940	86.62%	20,408,379	13.38%
Suzanne P. Nimocks	147,477,878	96.71%	5,023,606	3.29%
Thomas G. Ricks	127,657,137	83.71%	24,843,191	16.29%
Brian G. Shaw	151,601,939	99.41%	898,025	0.59%
Douglas J. Suttles	151,395,423	99.25%	1,142,710	0.75%
Bruce G. Waterman	150,306,874	98.56%	2,192,207	1.44%

2.     Advisory Vote to Approve Compensation of Named Executive Officers

The results of the non-binding advisory vote for the compensation of the Company's named executive officers were as follows:

Votes For	Percent	Votes Against	Percent
116,378,475	76.34%	36,075,631	23.66%

3.     Ratify PricewaterhouseCoopers LLP as Independent Auditors

The results for the ratification of PricewaterhouseCoopers LLP, Chartered Accountants, as the Company's independent auditors were as follows:

Votes For	Percent	Votes Against	Percent
169,050,488	97.49%	4,353,795	2.51%

Further information on Ovintiv Inc. is available on the Company's website, www.ovintiv.com, or by contacting:

Investor contact: (888) 525-0304

Media contact: (403) 645-2252

 

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SOURCE Ovintiv Inc.

FAQ

What were the results of Ovintiv's 2021 Annual Meeting of Shareholders?

All director nominees were elected, with Meg A. Gentle achieving 99.41% approval.

What was the shareholder approval rate for executive compensation at Ovintiv?

The advisory vote for executive compensation received 76.34% approval.

Who was ratified as Ovintiv's independent auditors?

PricewaterhouseCoopers LLP was ratified as independent auditors with 97.49% support.

What percentage of votes did Peter A. Dea receive during the election?

Peter A. Dea received 82.41% of the votes during the election.