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.
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News Market Reaction – NOA
+2.35%
+2.35%Session close to close
In the May 22 session, NOA gained 2.35%, reflecting a moderate positive market reaction.
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% withheldPalmer director support:98.98% for, 1.02% withheldSaint-Laurent support:87.25% for, 12.75% withheld+3 more
6 metrics
Ferron director support96.27% for, 3.73% withheldElection of Martin R. Ferron as director at 2026 meeting
Palmer director support98.98% for, 1.02% withheldElection of Barry W. Palmer as director at 2026 meeting
Saint-Laurent support87.25% for, 12.75% withheldElection of Maryse C. Saint-Laurent as director at 2026 meeting
Advance Notice By-Law68.58% for, 31.42% againstRatification of Advance Notice Bylaw at 2026 meeting
Auditor appointment support98.69% for, 1.31% againstAppointment of KPMG LLP as auditors for ensuing year
Say-on-Pay support93.97% for, 6.03% againstNon-binding advisory vote on executive compensation approach
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.
Pattern Detected
Positive operating updates and earnings have often seen supportive or strong price reactions, while some strategic wins and governance items have had muted or contrary moves.
Recent Company History
In the last few months, NOA reported Q1 2026 results with combined revenue of $422.5M and guidance for $1.5–$1.7B in 2026, which coincided with a +9.9% move. It closed the Iron Mine Contracting acquisition for about $125M and expanded a key Australian contract expected to add about $125M of revenue, yet those strategic wins saw flat to slightly negative reactions. The company also set and prepared for the May 20, 2026 annual and special meeting, where today’s voting results finalize previously flagged governance items like the Advance Notice By-Law and Say-on-Pay.
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 voteregulatory
"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 auditorsfinancial
"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.
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
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.
