Baytex Reports Shareholder Meeting Results
Rhea-AI Summary
Baytex Energy Corp. (BTE) held its annual shareholder meeting with a 43.53% representation of issued and outstanding shares. All proposed matters were approved, including the election of directors, with each nominee receiving over 96% approval. KPMG LLP was reappointed as auditor with 94.67% support. Shareholders also approved the unallocated awards under the share award incentive plan (94.61%) and a non-binding advisory resolution on executive compensation (94.42%).
The meeting saw the successful election of ten board members, including Mark R. Bly, Tiffany Thom Cepak, and Eric T. Greager, among others. Baytex Energy Corp. operates in crude oil and natural gas acquisition, development, and production in the Western Canadian Sedimentary Basin and Eagle Ford in the United States.
Positive
- None.
Negative
- None.
News Market Reaction – BTE
On the day this news was published, BTE declined 1.31%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Calgary, Alberta--(Newsfile Corp. - May 5, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) reports that all matters presented for approval at the annual meeting of shareholders held today were approved. A total of 335,327,771 common shares being
At the meeting, all of the nominees proposed as directors were duly elected. Results of the vote are set out below:
| Votes For | ||
| Name of Nominee | # | % |
| Mark R. Bly | 290,419,227 | 96.21 |
| Tiffany Thom Cepak | 293,203,146 | 97.13 |
| Trudy M. Curran | 292,848,385 | 97.01 |
| Eric T. Greager | 293,048,282 | 97.08 |
| Don G. Hrap | 292,549,106 | 96.92 |
| Angela S. Lekatsas | 293,075,172 | 97.09 |
| Jennifer A. Maki | 293,497,599 | 97.23 |
| David L. Pearce | 293,925,185 | 97.37 |
| Steve D.L. Reynish | 293,023,384 | 97.08 |
| Jeffrey E. Wojahn | 292,980,093 | 97.06 |
KPMG LLP was appointed as Baytex's auditor until the next annual meeting of its shareholders, and the directors were authorized to fix their remuneration. The result of the vote is as follows:
| Votes For | |
| # | % |
| 317,436,186 | 94.67 |
A special resolution to approve the unallocated awards under Baytex's share award incentive plan was approved. The result of the vote is as follows:
| Votes For | |
| # | % |
| 285,581,155 | 94.61 |
A non-binding advisory resolution with respect to Baytex's approach to executive compensation was approved. The result of the vote is as follows:
| Votes For | |
| # | % |
| 285,022,944 | 94.42 |
Baytex Energy Corp. is an energy company with headquarters based in Calgary, Alberta and offices in Houston, Texas. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Baytex's common shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.
For further information about Baytex, please visit our website at www.baytexenergy.com or contact:
Brian Ector, Senior Vice President, Capital Markets & Investor Relations
Toll Free Number: 1-800-524-5521
Email: investor@baytexenergy.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250932
FAQ
What was the voter turnout at Baytex Energy's (BTE) 2025 annual shareholder meeting?
Who was appointed as Baytex Energy's (BTE) auditor for 2025?
What was the voting result for Baytex's (BTE) executive compensation resolution in 2025?
How many directors were elected to Baytex Energy's (BTE) board in 2025?
