Parkland Fuel Corporation Announces the Results of the 2016 Annual General Meeting of Shareholders
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Dividend Yield: 1.2%
EPS Growth %: -58.1%
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RED DEER, AB -- (Marketwired) -- 05/13/16 -- Parkland Fuel Corporation ("Parkland") (TSX: PKI), Canada's largest independent marketer of fuel and petroleum products, announced that all nine of the nominees listed in its management information circular dated April 1, 2016 (the "Information Circular") were elected as directors of the Corporation and PricewaterhouseCoopers LLP was repointed as Parkland's auditor at its annual general meeting of shareholders held today (the "Meeting"). The results of these votes, as well as the results for the other items of business considered at the Meeting are set out below:
Resolution 1
Election of directors of Parkland for the ensuing year.
---------------------------------------------------------------------------- Votes Nominee Votes For %For Withheld %Withheld ---------------------------------------------------------------------------- John F. Bechtold 51,694,081 99.14% 448,545 0.86% ---------------------------------------------------------------------------- Lisa Colnett 50,085,894 96.06% 2,056,732 3.94% ---------------------------------------------------------------------------- Robert Espey 50,389,247 96.64% 1,753,379 3.36% ---------------------------------------------------------------------------- Timothy Hogarth 40,546,896 77.76% 11,595,730 22.24% ---------------------------------------------------------------------------- Jim Pantelidis 49,152,685 94.27% 2,989,941 5.73% ---------------------------------------------------------------------------- Ron Rogers 51,662,401 99.08% 480,225 0.92% ---------------------------------------------------------------------------- Domenic Pilla 51,703,967 99.16% 438,659 0.84% ---------------------------------------------------------------------------- David A. Spencer 39,901,626 76.52% 12,241,000 23.48% ---------------------------------------------------------------------------- Deborah Stein 52,072,460 99.87% 70,166 0.13% ----------------------------------------------------------------------------
Resolution 2
The appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditor of Parkland for the fiscal year ending December 31, 2016.
---------------------------------------------------------------------------- Votes For 51,311,814 98.41% ---------------------------------------------------------------------------- Votes Withheld 830,812 1.59% ---------------------------------------------------------------------------- Total 52,142,626 ----------------------------------------------------------------------------
Resolution 3
The approval, on a non-binding and advisory basis, of Parkland's approach to executive compensation as more particularly set forth and described in the Information Circular.
---------------------------------------------------------------------------- Votes For 48,731,147 93.64% ---------------------------------------------------------------------------- Votes Against 3,309,312 6.36% ---------------------------------------------------------------------------- Total 52,040,459 ----------------------------------------------------------------------------
Voting results for all matters have been posted on SEDAR.
ABOUT PARKLAND FUEL CORPORATION
Parkland Fuel Corporation is one of North America's fastest growing independent marketers of fuel and petroleum products. We deliver gasoline, diesel, propane, lubricants, heating oil and other high-quality petroleum products to motorists, businesses, households and wholesale customers in Canada and the United States. Our mission is to be the partner of choice for our customers and suppliers, and we do this by building lasting relationships through outstanding service, reliability, safety and professionalism.
We are unique in our ability to provide customers with dependable access to fuel and petroleum products, utilizing a portfolio of supply relationships, storage infrastructure, and third party rail and highway carriers to rapidly respond to supply disruptions in order to protect our customers.
To sign up for Parkland new alerts please go to http://bit.ly/PKI-Alert or visit www.parkland.ca.
FOR FURTHER INFORMATION, PLEASE CONTACT:Investor InquiriesPatricia van de SandeVice President Investor & Government Relations & Compliance403-567-2519 Email contact Media InquiriesElizabeth WilcoxManager Corporate Communications403-567-2578Email contact
Source: Parkland Fuel Corporation
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