TravelCenters of America Inc. Announces Annual Meeting Results

Rhea-AI Summary

TravelCenters of America Inc. (Nasdaq: TA) held its 2022 Annual Meeting of Stockholders, where Lisa Harris Jones and Rajan C. Penkar were re-elected as Independent Directors with 59.0% and 72.4% of votes, respectively. The stockholders also ratified Deloitte & Touche LLP as independent auditors for the fiscal year with an overwhelming 99.8% approval. These decisions underscore the strong governance and shareholder support for the management team amid TA's operations across 276 locations in 44 states, focusing on sustainability and full-service offerings.

Positive

• Successful re-election of Independent Directors Lisa Harris Jones and Rajan C. Penkar, securing 59.0% and 72.4% of votes, indicating strong management support.
• Ratification of Deloitte & Touche LLP as independent auditors with 99.8% approval demonstrates shareholder confidence in financial oversight.

Negative

• None.

WESTLAKE, Ohio--(BUSINESS WIRE)-- TravelCenters of America Inc. (Nasdaq: TA) announced the results of its 2022 Annual Meeting of Stockholders, which was held today, as follows:

Lisa Harris Jones was re-elected as an Independent Director. The final tabulation of the percentage of stockholders’ votes cast for this Independent Director is as follows:

Independent Director					Percentage of Shares Voted For
Lisa Harris Jones					59.0%

Rajan C. Penkar was re-elected as an Independent Director. The final tabulation of the percentage of stockholders’ votes cast for this Independent Director is as follows:

Independent Director					Percentage of Shares Voted For
Rajan C. Penkar					72.4%

Stockholders ratified the appointment of Deloitte & Touche LLP as TA’s independent auditors to serve for the 2022 fiscal year. The final tabulation of the percentage of stockholders’ votes cast for this proposal is as follows:

Proposal					Percentage of Shares Voted For
Ratification of Independent Auditors					99.8%

About TravelCenters of America Inc.:

TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 18,000 team members serve guests in over 276 locations in 44 states, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, while leveraging alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220609006050/en/

Kristin Brown, Director, Investor Relations

(617) 796-8251

www.ta-petro.com

Source: TravelCenters - Financial

FAQ

What were the results of the 2022 Annual Meeting of Stockholders for TravelCenters of America (TA)?

The 2022 Annual Meeting resulted in the re-election of Lisa Harris Jones and Rajan C. Penkar as Independent Directors and the ratification of Deloitte & Touche LLP as auditors with 99.8% approval.

How much percentage of votes did Lisa Harris Jones receive during the election?

Lisa Harris Jones received 59.0% of the votes cast for her re-election as Independent Director.

What percentage of shareholders approved the appointment of Deloitte & Touche LLP?

The appointment of Deloitte & Touche LLP as independent auditors was approved by 99.8% of shareholders.

When was the TravelCenters of America 2022 Annual Meeting of Stockholders held?

The 2022 Annual Meeting of Stockholders for TravelCenters of America was held on June 9, 2022.