Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, and Say on Pay
Rhea-AI Summary
Fortis (TSX/NYSE: FTS) reported results from its May 7, 2026 Annual Meeting: shareholders elected 12 directors, appointed Deloitte LLP as auditors, and approved the non-binding Say on Pay advisory vote. 2025 revenue was $12 billion and total assets were $77 billion as at March 31, 2026.
Positive
- All 12 directors elected with majority support (For votes mostly >98%)
- Deloitte LLP appointed auditors with 99.78% of votes for appointment
- Say on Pay approved with 95.15% of votes in favour
- 2025 revenue $12B and $77B total assets (as at Mar 31, 2026)
Negative
- Notable withheld votes for some directors (e.g., Julie Dobson withheld 3.49%, Jo Mark Zurel 1.80%)
- Say on Pay opposition totaled 4.85%, indicating some shareholder dissent
News Market Reaction – FTS
In the May 7 session, FTS gained 0.02%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 29 | Earnings preview | Positive | +1.7% | Announcement of timing for Q1 2026 results call and AGM. |
| Apr 08 | Earnings preview | Positive | +0.1% | Scheduling of Q1 2026 results webcast and hybrid Annual Meeting. |
| Feb 12 | Regulatory filings | Positive | +2.9% | Filing of 2025 year-end financial and regulatory disclosure documents. |
| Feb 12 | Earnings results | Positive | +2.9% | 2025 earnings, higher adjusted EPS and expanded multiyear capital plan. |
| Feb 11 | Dividend declaration | Positive | +2.9% | Declaration of Q2 2026 common and preference share dividends. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent corporate updates, including results, filings, and dividends, have generally aligned with positive price reactions for FTS.
Over the past several months, Fortis has focused on steady disclosure and capital planning. In February 2026 it reported 2025 results and a larger $28.8 billion capital plan, alongside year-end filings and dividend declarations, each followed by positive price moves. April announcements centered on scheduling first-quarter results and the 2026 Annual Meeting. Today’s AGM voting outcomes continue this pattern of routine but supportive corporate governance updates.
Key Terms
say on pay financial
non-binding advisory vote regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
ST. JOHN'S, Newfoundland and Labrador, May 07, 2026 (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 approving the non-binding advisory vote regarding 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 |
| Pierre J. Blouin | 296,260,165 | 98.44 | 4,680,131 | 1.56 |
| Lawrence T. Borgard | 299,865,101 | 99.64 | 1,075,195 | 0.36 |
| Maura J. Clark | 297,628,392 | 98.90 | 3,311,905 | 1.10 |
| Margarita K. Dilley | 298,968,757 | 99.34 | 1,971,539 | 0.66 |
| Julie A. Dobson | 290,443,338 | 96.51 | 10,496,958 | 3.49 |
| Lisa L. Durocher | 298,867,190 | 99.31 | 2,073,106 | 0.69 |
| Mary C. Hemmingsen | 300,559,988 | 99.87 | 380,308 | 0.13 |
| David G. Hutchens | 299,974,476 | 99.68 | 965,820 | 0.32 |
| Gregory E. Knight | 299,255,049 | 99.44 | 1,685,247 | 0.56 |
| Gianna M. Manes | 292,480,056 | 97.19 | 8,460,240 | 2.81 |
| Don R. Marchand | 299,278,752 | 99.45 | 1,661,544 | 0.55 |
| Jo Mark Zurel | 295,531,436 | 98.20 | 5,408,860 | 1.80 |
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 |
| 306,408,822 | 99.78 | 677,311 | 0.22 |
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 |
| 286,352,999 | 95.15 | 14,587,292 | 4.85 |
About Fortis
Fortis is a diversified leader in the North American regulated electric and gas utility industry with 2025 revenue of
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.sedarplus.ca, or www.sec.gov.
A .pdf version of this press release is available at:
http://ml.globenewswire.com/Resource/Download/a0b4136f-576c-4377-b10b-b6b45a93290b
For further information contact
| Investor Enquiries: Ms. Stephanie Amaimo Vice President, Investor Relations Fortis Inc. 248.946.3572 investorrelations@fortisinc.com | Media Enquiries: Ms. Karen McCarthy Vice President, Communications & Government Relations Fortis Inc. 709.737.5323 media@fortisinc.com |
