Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors and Say on Pay
ST. JOHN'S, Newfoundland and Labrador, May 04, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced the voting results from its Annual Meeting of Shareholders held today.
ST. JOHN'S, Newfoundland and Labrador, May 04, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced the voting results from its Annual Meeting of Shareholders held today. Shareholders voted in favour of all items of business before the meeting, including electing the nominated directors, appointing Deloitte LLP as the Corporation's auditors, and voting on an advisory basis to accept the Corporation's approach to executive compensation.
Election of Directors
Fortis shareholders elected the following 12 individuals to the Board to serve until the next Annual Meeting of Shareholders or until their successors are elected or appointed:
| Nominee | # Votes For | % Votes For |
# Votes Withheld | % Votes Withheld |
| Tracey C. Ball | 266,517,266 | 99.29 | 1,898,867 | 0.71 |
| Pierre J. Blouin | 262,927,972 | 97.96 | 5,488,161 | 2.04 |
| Lawrence T. Borgard | 267,730,971 | 99.74 | 685,163 | 0.26 |
| Maura J. Clark | 266,341,865 | 99.23 | 2,074,268 | 0.77 |
| Lisa Crutchfield | 265,546,126 | 98.93 | 2,870,007 | 1.07 |
| Margarita K. Dilley | 267,662,377 | 99.72 | 753,756 | 0.28 |
| Julie A. Dobson | 256,372,941 | 95.51 | 12,043,192 | 4.49 |
| Lisa L. Durocher | 266,226,342 | 99.18 | 2,189,791 | 0.82 |
| David G. Hutchens | 267,859,833 | 99.79 | 556,300 | 0.21 |
| Gianna M. Manes | 267,460,134 | 99.64 | 955,999 | 0.36 |
| Don R. Marchand | 267,959,342 | 99.83 | 456,791 | 0.17 |
| Jo Mark Zurel | 263,784,980 | 98.27 | 4,631,153 | 1.73 |
Appointment of Auditors
Shareholders of the Corporation approved the appointment of Deloitte LLP as the Corporation's auditors to hold office until the close of the next Annual Meeting of Shareholders.
| # Votes For | % Votes For | # Votes Withheld | % Votes Withheld |
| 274,484,908 | 99.53 | 1,284,966 | 0.47 |
Say on Pay
Shareholders approved the non-binding advisory vote regarding the Corporation's approach to executive compensation ("Say on Pay").
| # Votes For | % Votes For | # Votes Against | % Votes Against |
| 248,406,339 | 92.55 | 20,009,786 | 7.45 |
About Fortis
Fortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2022 revenue of $11 billion and total assets of $65 billion as at March 31, 2023. The Corporation's 9,200 employees serve utility customers in five Canadian provinces, ten U.S. states and three Caribbean countries.
Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com, www.sedar.com, or www.sec.gov.
A .pdf version of this press release is available at: http://ml.globenewswire.com/Resource/Download/3e87ad40-48a2-4b34-be27-179f6b440ff3
For further information contact
| Investor Enquiries: Ms. Stephanie Amaimo Vice President, Investor Relations Fortis Inc. 248.946.3572 [email protected] |
Media Enquiries: Ms. Karen McCarthy Vice President, Communications & Government Relations Fortis Inc. 709.737.5323 [email protected] |
