STOCK TITAN

Algonquin Power & Utilities Corp. Holds Annual Meeting of Shareholders and Announces Election of Board of Directors

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary

Algonquin Power & Utilities Corp. (AQN) held its annual meeting of shareholders on June 4, 2024. During the meeting, nine directors were elected with high approval rates, ranging from 97.05% to 99.20%. Shareholders also re-appointed Ernst & Young LLP as auditors and approved amendments to several share unit plans and the company's executive compensation approach. Detailed voting results will be filed with various securities regulatory authorities.

Positive
  • Nine directors were elected with strong approval, ranging from 97.05% to 99.20%.
  • Ernst & Young LLP was re-appointed as the company's auditor.
  • Shareholders approved amendments to the Share Unit Plan, Employee Share Purchase Plan, and Directors' Deferred Share Unit Plan.
  • Shareholders endorsed the company’s approach to executive compensation.
Negative
  • The press release does not mention any new business developments or financial performance updates.
  • There were no specific financial figures or projections provided that could give insights into future performance.

OAKVILLE, ON, June 4, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX: AQN) (NYSE: AQN) today held an annual meeting of common shareholders.  At the meeting, each of the following nine nominees listed in the Company's management information circular dated April 18, 2024 were elected as directors of AQN pursuant to a vote by ballot:

Nominee

Votes For

% For

Votes Against

% Against

Melissa Stapleton Barnes

330,041,306

97.05 %

10,016,318

2.95 %

Brett Carter

337,316,968

99.19 %

2,740,656

0.81 %

Amee Chande

334,451,144

98.39 %

5,473,034

1.61 %

Daniel Goldberg

334,450,929

98.35 %

5,606,690

1.65 %

Christopher Huskilson

337,313,602

99.19 %

2,744,018

0.81 %

D. Randall Laney

332,234,748

97.70 %

7,822,869

2.30 %

David Levenson

337,297,113

99.19 %

2,760,509

0.81 %

Christopher Lopez

337,335,234

99.20 %

2,722,388

0.80 %

Dilek Samil

333,997,366

98.22 %

6,067,233

1.78 %

Shareholders also voted in favour of the re-appointment of Ernst & Young LLP as the Company's auditor for the ensuing year, resolutions approving amendments to the Share Unit Plan, Employee Share Purchase Plan, and Directors' Deferred Share Unit Plan, and an advisory resolution approving the Company's approach to executive compensation.

Final voting results on all matters voted on at the annual meeting of shareholders will be filed with Canadian and U.S. securities regulatory authorities at www.sedarplus.ca and www.sec.gov/edgar.

About Algonquin Power & Utilities Corp. and Liberty

Algonquin Power & Utilities Corp. is a diversified international generation, transmission, and distribution utility with approximately $18 billion of total assets. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. In addition, AQN owns, operates, and/or has net interests in over 4 GW of installed renewable energy capacity. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively. AQN's common shares, Series 2019-A subordinated notes and equity units are listed on the New York Stock Exchange under the symbols AQN, AQNB, and AQNU, respectively.

Visit AQN at www.algonquinpower.com and follow us on X.com @AQN_Utilities.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/algonquin-power--utilities-corp-holds-annual-meeting-of-shareholders-and-announces-election-of-board-of-directors-302163994.html

SOURCE Algonquin Power & Utilities Corp.

FAQ

What was the outcome of the 2024 Algonquin Power & Utilities Corp. annual shareholders meeting?

Nine directors were elected with approval rates between 97.05% and 99.20%. Shareholders also re-appointed Ernst & Young LLP as auditors and approved amendments to various share unit plans and executive compensation.

Who was elected as a director at the Algonquin Power & Utilities Corp. 2024 annual meeting?

Nine directors were elected, including Melissa Stapleton Barnes, Brett Carter, Amee Chande, Daniel Goldberg, Christopher Huskilson, D. Randall Laney, David Levenson, Christopher Lopez, and Dilek Samil.

What percentage of votes did the directors receive at the 2024 Algonquin Power & Utilities Corp. meeting?

The directors received approval rates ranging from 97.05% to 99.20%.

Did Algonquin Power & Utilities Corp. shareholders approve the re-appointment of the auditor in 2024?

Yes, shareholders re-appointed Ernst & Young LLP as the company's auditor.

What other resolutions were approved at the Algonquin Power & Utilities Corp. 2024 annual meeting?

Shareholders approved amendments to the Share Unit Plan, Employee Share Purchase Plan, Directors' Deferred Share Unit Plan, and the company's approach to executive compensation.

Algonquin Power & Utilities Corp

NYSE:AQN

AQN Rankings

AQN Latest News

AQN Stock Data

3.84B
766.99M
0.06%
61.81%
1.24%
Utilities - Renewable
Utilities
Link
United States of America
Oakville