Teck Reports Voting Results from Annual and Special Meeting of Shareholders

Source Company Press Release
Company Teck Resources Limited
Tags Corporate: Overview/Strategy, Country: Canada, Sustainability: People
Date April 26, 2023

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual and Special Meeting of Shareholders held on Wednesday, April 26, 2023 (the “Meeting”). A total of 6,799,078 Class A common shares and 394,856,667 Class B subordinate voting shares were voted at the Meeting, representing 83.80% of the votes attached to all outstanding shares.  

Shareholders voted at the Meeting as follows.

1.  Shareholders elected 12 directors, as follows: 

  Votes in Favour  Votes Withheld  % of Votes in Favour 
A.J. Balhuizen  1,031,504,576  9,819,334  99.06 
H.M. Conger, IV  1,031,331,504  9,992,406  99.04 
E.C. Dowling, Jr.  1,020,365,629  20,958,282  97.99 
N.B. Keevil, III  1,027,319,464  14,004,447  98.66 
T.L. McVicar  1,027,671,595  13,652,313  98.69 
S.A. Murray  1,029,281,204  12,042,704  98.84 
U.M. Power  1,027,027,209  14,296,640  98.63 
J.H. Price  1,032,548,838  8,775,072  99.16 
Y. Sagawa  1,029,530,823  11,793,088  98.87 
P.G. Schiodtz  1,030,135,199  11,188,710  98.93 
T.R. Snider  1,017,296,771  24,027,139  97.69 
S.A. Strunk  1,022,104,226  19,219,682  98.15 

2. Shareholders re-appointed PricewaterhouseCoopers LLP as auditor of Teck, with 97.04% of all votes cast in favour.

3. The special resolution (the “Dual Class Amendment Resolution”) approving the plan of arrangement under the Canada Business Corporations Act in respect of the introduction of a six-year sunset for the multiple voting rights attached to the Class A common shares of Teck (the “Dual Class Amendment”), was passed by the required (a) two-thirds of the votes cast by Class A common shareholders present or represented by proxy at the Meeting, voting separately as a class; (b) two-thirds of the votes cast by Class B subordinate voting shareholders present or represented by proxy at the Meeting, voting separately as a class; and (c) simple majority of the votes cast by Class B subordinate voting shareholders present or represented by proxy at the Meeting, excluding the votes attached to Class B subordinate voting shares beneficially owned or controlled by Temagami Mining Company Limited (“Temagami”), SMM Resources Incorporated (“SMM”) and Dr. Norman B. Keevil (“Dr. Keevil”). The full text of the Dual Class Amendment Resolution is set out in Appendix “B” to Teck’s management proxy circular dated March 23, 2023 (the “Circular”). 99.95% of votes cast by Class A common shareholders were in favour of the Dual Class Amendment Resolution, 98.25% of votes cast by Class B subordinate voting shareholders were in favour of the Dual Class Amendment Resolution and 97.98% of votes cast by Class B subordinate voting shareholders, excluding the votes attached to Class B subordinate voting shares beneficially owned or controlled by Temagami, SMM and Dr. Keevil were in favour of the Dual Class Amendment Resolution.

4. Shareholders approved the advisory resolution on Teck’s approach to executive compensation as described in the Circular, with 98.10% of all votes cast in favour. Detailed voting results for the Meeting will be available on SEDAR at sedar.com. Further information about Teck’s directors, the Dual Class Amendment, and Teck’s corporate governance and executive compensation practices are available in the Circular, which is available under Teck’s profile on SEDAR (sedar.com) and on EDGAR (sec.gov), and on Teck.com along with our 2022 Annual and Sustainability Reports.

Source: EvaluateEnergy® ©2024 EvaluateEnergy Ltd