North American Construction Group Ltd. Announces Voting Results of Annual and Special Meeting of Shareholders

North American Construction Group (TSX:NOA, NYSE:NOA) reported voting results from its May 20, 2026 annual and special shareholder meeting.

Rhea-AI Summary

North American Construction Group (TSX:NOA, NYSE:NOA) reported voting results from its May 20, 2026 annual and special shareholder meeting.

Shareholders elected all seven director nominees, reappointed KPMG LLP as auditor, approved a non-binding say-on-pay resolution, and ratified an Advance Notice Bylaw, with detailed support percentages disclosed.

Argus May 22 session

+2.35% close to close Open Argus

Details

News Market Reaction – NOA

On May 22, the first trading day after this news, NOA closed 2.35% above the previous close.

Data tracked by StockTitan Argus for the May 22 session.

Market Context

This announcement confirms that all 2026 meeting items passed, including director elections, reappoi...

Analysis

This announcement confirms that all 2026 meeting items passed, including director elections, reappointment of KPMG as independent auditors, a Say-on-Pay advisory vote with 93.97% support, and ratification of the Advance Notice By-Law with 68.58% support. In context of recent earnings, acquisitions and contract expansions, the update mainly closes the loop on previously signaled governance changes. Investors may watch how the refreshed board and by-law framework interact with execution on the Australian growth strategy and 2026 financial targets.

Key Figures

Ferron director support: 96.27% for, 3.73% withheld Palmer director support: 98.98% for, 1.02% withheld Saint-Laurent support: 87.25% for, 12.75% withheld +3 more

Ferron director support

96.27% for, 3.73% withheld

Election of Martin R. Ferron as director at 2026 meeting

Palmer director support

98.98% for, 1.02% withheld

Election of Barry W. Palmer as director at 2026 meeting

Saint-Laurent support

87.25% for, 12.75% withheld

Election of Maryse C. Saint-Laurent as director at 2026 meeting

Advance Notice By-Law

68.58% for, 31.42% against

Ratification of Advance Notice Bylaw at 2026 meeting

Auditor appointment support

98.69% for, 1.31% against

Appointment of KPMG LLP as auditors for ensuing year

Say-on-Pay support

93.97% for, 6.03% against

Non-binding advisory vote on executive compensation approach

Historical Context

5 past events · Latest: May 13

5 events

1. May 13

   Q1 2026 earnings

   24h Move

   +9.9%

   Record combined revenue and reaffirmed 2026 guidance with solid free cash flow.

2. Apr 27

   Earnings call notice

   24h Move

   +1.3%

   Announcement of timing and access details for Q1 results call and webcast.

3. Apr 21

   Contract expansion

   24h Move

   -0.5%

   Five-year MacKellar contract in Australia expanded with ~$125M incremental revenue.

4. Apr 07

   IMC acquisition close

   24h Move

   +0.0%

   Closed ~$125M Iron Mine Contracting acquisition and expanded secured credit capacity.

5. Mar 19

   AGM date/by-law

   24h Move

   -1.4%

   Set May 20 AGM and introduced Advance Notice By-Law for director nominations.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

advance notice bylaw, non-binding advisory vote, independent auditors

3 terms

advance notice bylaw regulatory

"and ratified an Advance Notice Bylaw."

A corporate rule that requires shareholders to notify the company a set number of days before a shareholder meeting if they want to nominate board members or propose specific agenda items. It matters to investors because it shapes who can run the company and when changes can be pushed — like having to tell an event organizer in advance if you want to add items to the program, it controls timing and fairness of shareholder-driven actions.

non-binding advisory vote regulatory

"approved a non-binding advisory vote regarding the Company’s approach"

A non-binding advisory vote is a shareholder vote that expresses investors’ opinion on a proposal (such as executive pay, corporate policy, or governance practices) but does not legally force the company to act. Think of it like a customer survey: it signals whether owners approve or disapprove and can pressure boards and managers to change course, so investors watch the result as an indicator of governance risk and potential future shifts in company strategy or leadership.

independent auditors financial

"approved the appointment of KPMG LLP as the independent auditors"

Independent auditors are outside, licensed accountants who examine a company’s books, records and internal controls and issue an objective opinion on whether the financial statements accurately reflect the business’s financial position. Investors treat their report like a neutral inspector’s stamp — it increases trust, makes financial results easier to compare, and alerts readers if there are errors, omissions or other problems that could affect investment decisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ACHESON, Alberta, May 21, 2026 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA/NYSE:NOA) today announced the results of its Annual and Special Meeting of Shareholders held on May 20, 2026.  Shareholders elected directors, approved the appointment of KPMG LLP as the independent auditors of the Company, approved a non-binding advisory vote regarding the Company’s approach to executive compensation and ratified an Advance Notice Bylaw.  The following are the results of the votes held at the meeting:

	Outcome	Votes For	Withheld or against
Election of Martin R. Ferron as director	Passed	96.27%	3.73%
Election of Barry W. Palmer as director	Passed	98.98%	1.02%
Election of Bryan D. Pinney as director	Passed	98.27%	1.73%
Election of John J. Pollesel as director	Passed	98.33%	1.67%
Election of Maryse C. Saint-Laurent as director	Passed	87.25%	12.75%
Election of Thomas P. Stan as director	Passed	98.32%	1.68%
Election of Kristina E. Williams as director	Passed	98.33%	1.67%
Ratification of Advance Notice Bylaw	Passed	68.58%	31.42%
Appointment of KPMG LLP as auditors of the Company for the ensuing year and the authorization of the directors to fix their remuneration	Passed	98.69%	1.31%
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	93.97%	6.03%

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 contact:
Jason Veenstra, CPA, CA
Chief Financial Officer
North American Construction Group Ltd.
(780) 948-2009
jveenstra@nacg.ca
www.nacg.ca

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were the 2026 North American Construction Group (NOA) shareholder meeting results?

Shareholders elected all director nominees, reappointed KPMG as auditor, approved say-on-pay, and ratified an Advance Notice Bylaw. According to North American Construction Group, each item passed with disclosed support levels ranging from 68.58% to 98.98%.

How did North American Construction Group (NOA) shareholders vote on the Advance Notice Bylaw in 2026?

Shareholders ratified the Advance Notice Bylaw with 68.58% of votes cast in favor and 31.42% against. According to North American Construction Group, this bylaw received the lowest support among resolutions but still passed.

What support did North American Construction Group (NOA) directors receive at the May 20, 2026 meeting?

All seven director nominees were elected with support ranging from 87.25% to 98.98%. According to North American Construction Group, Martin Ferron received 96.27% support, while Maryse Saint-Laurent received 87.25%, the lowest among directors but still a clear majority.

Did North American Construction Group (NOA) shareholders approve the 2026 say-on-pay vote?

Yes, shareholders approved the non-binding advisory resolution on executive compensation with 93.97% of votes for and 6.03% against. According to North American Construction Group, this supports the company’s disclosed approach to executive pay.

Was KPMG reappointed as auditor for North American Construction Group (NOA) in 2026?

Yes, KPMG LLP was reappointed as independent auditor for the ensuing year, with 98.69% of votes for and 1.31% against. According to North American Construction Group, shareholders also authorized directors to fix the auditors’ remuneration.

Which North American Construction Group (NOA) director received the highest shareholder support in 2026?

Barry W. Palmer received the highest support, with 98.98% of votes for and 1.02% withheld. According to North American Construction Group, other directors also exceeded 87% support, indicating broad backing for the board slate.