Methanex Reports on Annual General Meeting of Shareholders

Rhea-AI Summary

Methanex Corporation (MEOH) held its Annual General Meeting on May 1, 2025, in Vancouver, with 82.2% of outstanding shares represented. Shareholders approved all items of business, including the election of all 11 director nominees with strong support ranging from 98.99% to 99.94% approval. KPMG LLP was re-appointed as auditor with 73.04% votes in favor. The company's executive compensation approach received 80.76% shareholder approval in a non-binding advisory vote.

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VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held on May 1, 2025 in Vancouver, British Columbia.

Voting Results from Annual General Meeting

A total of 55,396,544 common shares were voted at the meeting, representing 82.2% of all outstanding shares. Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees as follows:

Director	Votes For	% of Votes For	Votes Against	% of Votes Against
Doug Arnell	54,147,910	99.75	134,295	0.25
Jim Bertram	53,834,306	99.17	447,897	0.83
Paul Dobson	54,224,354	99.89	57,850	0.11
Maureen Howe	53,971,857	99.43	310,348	0.57
Leslie O’Donoghue	54,239,523	99.92	42,682	0.08
Roger Perreault	53,875,191	99.25	406,513	0.75
Kevin Rodgers	54,108,905	99.68	173,298	0.32
John Sampson	53,887,372	99.27	394,833	0.73
Rich Sumner	54,250,677	99.94	31,528	0.06
Benita Warmbold	53,736,303	98.99	545,902	1.01
Xiaoping Yang	54,046,196	99.57	236,006	0.43

Appointment of Auditors

KPMG LLP, Chartered Professional Accountants, was re-appointed as auditor of Methanex.

Votes For (percent): 73.04%
Votes Withheld (percent): 26.96%

Advisory Vote on Executive Compensation

A non-binding advisory vote to accept Methanex’s approach to executive compensation as disclosed in the Information Circular dated March 6, 2025 was approved.

Votes For (percent): 80.76%
Votes Against (percent): 19.24%

Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the Nasdaq Global Market in the United States under the trading symbol "MEOH”. Methanex can be visited online at www.methanex.com.

Inquiries:
Sarah Herriott
Director, Investor Relations
Methanex Corporation
604-661-2600 or Toll Free: 1-800-661-8851
www.methanex.com

FAQ

What was the voter turnout at Methanex (MEOH) 2025 Annual General Meeting?

The voter turnout at Methanex's 2025 AGM was 55,396,544 common shares, representing 82.2% of all outstanding shares.

Who received the highest approval percentage among Methanex directors in 2025?

Rich Sumner received the highest approval percentage with 99.94% of votes in favor.

What percentage of shareholders approved Methanex's executive compensation plan in 2025?

80.76% of shareholders voted in favor of Methanex's executive compensation approach.

Was KPMG LLP reappointed as Methanex's auditor in 2025?

Yes, KPMG LLP was reappointed as Methanex's auditor with 73.04% of votes in favor.