Trican Well Service Ltd. Announces the 2024 Annual Meeting Results

Rhea-AI Summary

Trican Well Service (TSX: TCW) held its 2024 annual meeting on May 14, 2024, in Calgary, Alberta. Six nominees were elected as directors. The elected directors are Thomas M. Alford, Trudy M. Curran, Bradley P.D. Fedora, Michael J. McNulty, Stuart G. O'Connor, and Deborah S. Stein. Voting percentages ranged from 72.21% to 99.35% in favor. KPMG LLP was appointed as the auditor, with 85.47% of votes in favor. Additionally, shareholders approved Trican's executive compensation approach, with 93.46% voting in favor.

Positive

• High approval for directors, with votes ranging from 72.21% to 99.35%.
• KPMG LLP appointed as auditors with 85.47% votes in favor.
• Executive compensation approach approved by 93.46% of shareholders.

Negative

• Deborah S. Stein received the lowest approval among directors with 72.21% votes, indicating some shareholder dissent.

Calgary, Alberta--(Newsfile Corp. - May 14, 2024) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") announces the final results from its 2024 annual meeting held on May 14, 2024 (the "Meeting").

The following six nominees were elected as directors of Trican to hold office until the next annual meeting of shareholders of Trican, or until their successors are elected or appointed:

Nominee	Votes For	Percent	Votes Withheld	Percent
Thomas M. Alford	55,023,356	89.25%	6,628,490	10.75%
Trudy M. Curran	58,639,836	95.32%	2,880,522	4.68%
Bradley P.D. Fedora	61,116,089	99.35%	403,007	0.66%
Michael J. McNulty	58,664,188	95.36%	2,855,008	4.64%
Stuart G. O'Connor	60,739,926	98.73%	780,387	1.27%
Deborah S. Stein	44,425,530	72.21%	17,093,711	27.79%

 

At the Meeting, shareholders also voted to approve the appointment of KPMG LLP as auditors of Trican, with Votes For totaling 55,010,750 Trican Shares representing 85.47% of the Trican Shares voted. An advisory vote to accept Trican's approach to executive compensation was approved by shareholders with Votes For totaling 57,505,501 Trican Shares representing 93.46% of the Trican Shares Voted.

ABOUT TRICAN

Headquartered in Calgary, Alberta, Trican supplies oil and natural gas well servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Our team of technical experts provide state of the art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Trican is the largest pressure pumping service company in Canada.

Requests for further information should be directed to:

Brad Fedora
President and Chief Executive Officer

Scott Matson
Chief Financial Officer

Phone: (403) 266-0202
Fax: (403) 237-7716
2900, 645 - 7th Avenue S.W.
Calgary, Alberta T2P 4G8

Please visit our website at www.tricanwellservice.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209208

FAQ

What were the results of Trican Well Service's 2024 annual meeting?

Six directors were elected, KPMG LLP was appointed as auditors, and the executive compensation approach was approved.

How many votes did the least popular director nominee receive at Trican's annual meeting?

Deborah S. Stein received the lowest approval with 72.21% of votes.

What percentage of votes did KPMG LLP receive for their appointment as auditors?

KPMG LLP received 85.47% of votes in favor.

Was Trican's executive compensation approach approved in the 2024 annual meeting?

Yes, Trican's executive compensation approach was approved with 93.46% of votes in favor.

Who received the highest vote percentage among the elected directors at Trican's 2024 annual meeting?

Bradley P.D. Fedora received the highest vote percentage with 99.35%.