North American Construction Group Ltd. Announces Voting Results Of Annual Meeting Of Shareholders

Rhea-AI Summary

North American Construction Group (NYSE:NOA) held its Annual Meeting of Shareholders on May 14, 2025, where shareholders voted on key corporate matters. All proposed resolutions were successfully passed. The meeting resulted in the election of seven directors, with approval ratings ranging from 91.75% to 99.78%. Joseph C. Lambert received the highest approval at 99.78%, while Maryse C. Saint-Laurent received 91.75% approval.

Shareholders also approved the appointment of KPMG LLP as independent auditors with 98.43% support. The non-binding advisory vote on executive compensation passed with 79.59% approval, though it received the lowest support among all proposals with 20.41% of votes against.

News Market Reaction

-0.35%

1 alert

-0.35% News Effect

On the day this news was published, NOA declined 0.35%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ACHESON, Alberta, May 16, 2025 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA/NYSE:NOA) today announced the results of its Annual Meeting of Shareholders held on May 14, 2025. Shareholders elected directors, approved the appointment of KPMG LLP as the independent auditors of the Company and approved a non-binding advisory vote regarding the Company’s approach to executive compensation. The following are the results of the votes held at the meeting:

	Outcome		Votes For		Withheld Or Against
Election of Martin R. Ferron		Passed	(93.39	%)	(6.61	%)
Election of Joseph C. Lambert		Passed	(99.78	%)	(0.22	%)
Election of Bryan D. Pinney		Passed	(98.44	%)	(1.56	%)
Election of John J. Pollesel		Passed	(99.72	%)	(0.28	%)
Election of Maryse C. Saint-Laurent		Passed	(91.75	%)	(8.25	%)
Election of Thomas P. Stan		Passed	(99.62	%)	(0.38	%)
Election of Kristina E. Williams		Passed	(98.44	%)	(1.56	%)
Appointment of KPMG LLP as auditors of the Corporation for the ensuing year and the authorization of the directors to fix their remuneration		Passed	(98.43	%)	(1.57	%)
Approval of the non-binding advisory resolution to accept the approach to executive compensation disclosed in the management information circular delivered in advance of the Meeting		Passed	(79.59	%)	(20.41	%)

About the Company

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.

For further information, please contact:        

Jason Veenstra, CPA, CA
Chief Financial Officer
North American Construction Group Ltd.
Phone: (780) 960-7171
Email: ir@nacg.ca

FAQ

What were the voting results for NOA's 2025 Annual Meeting of Shareholders?

All resolutions passed, with director elections receiving 91.75-99.78% approval, KPMG LLP appointed as auditors with 98.43% support, and executive compensation approved with 79.59% of votes.

Who received the highest and lowest approval ratings among NOA's director nominees in 2025?

Joseph C. Lambert received the highest approval at 99.78%, while Maryse C. Saint-Laurent received the lowest approval at 91.75%.

What was the shareholder vote result for NOA's executive compensation plan in 2025?

The non-binding advisory vote on executive compensation passed with 79.59% approval, while 20.41% voted against.

Who was appointed as NOA's independent auditor for 2025?

KPMG LLP was appointed as independent auditors with 98.43% shareholder approval.