Ovintiv Announces Results of Annual Meeting
Ovintiv Inc. (NYSE: OVV) held its 2022 Annual Meeting of Shareholders on May 4, 2022, where all nominees for the Board of Directors were elected with strong support.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Ovintiv Inc. (NYSE: OVV) held its 2022 Annual Meeting of Shareholders on May 4, 2022, where all nominees for the Board of Directors were elected with strong support. Notably, Meg A. Gentle received 99.32% of votes in favor. The meeting also included an advisory vote on executive compensation, which garnered 97.78% approval. Additionally, a proposal to increase the share reserve of the Omnibus Incentive Plan was approved with 97.35% of votes. The ratification of PricewaterhouseCoopers LLP as independent auditors also received significant support with 97.60% in favor.
Positive
- All Board nominees elected with strong majority support: Meg A. Gentle received 99.32%.
- Executive compensation received 97.78% approval.
- Increase in share reserve for Omnibus Incentive Plan approved at 97.35%.
- PricewaterhouseCoopers LLP ratified as independent auditors with 97.60% approval.
Negative
- None.
Details
News Market Reaction – OVV
The recorded move for OVV in the trading session of this news was +0.89%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DENVER, May 5, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (the "Company") today announced that the following matters, as further described in the Company's Proxy Statement filed on March 23, 2022 (the "Proxy Statement"), were voted upon at its 2022 Annual Meeting of Shareholders held on May 4, 2022.
Election of Directors
Each nominee listed in the Proxy Statement was elected as a director of the Company. The results of the vote by ballot were as follows:
Name of Nominee | Votes For | Percent | Votes Against | Percent |
Peter A. Dea | 181,052,519 | 4,308,495 | ||
Meg A. Gentle | 185,064,734 | 1,257,914 | ||
Howard J. Mayson | 185,666,639 | 659,123 | ||
Brendan M. McCracken | 185,712,436 | 614,527 | ||
Lee A. McIntire | 183,360,724 | 2,964,280 | ||
Katherine L. Minyard | 185,471,660 | 856,324 | ||
Steven W. Nance | 185,628,545 | 693,631 | ||
Suzanne P. Nimocks | 181,941,295 | 4,386,577 | ||
George L. Pita | 184,924,251 | 1,396,304 | ||
Thomas G. Ricks | 183,234,525 | 3,085,321 | ||
Brian G. Shaw | 185,057,328 | 1,268,537 | ||
Bruce G. Waterman | 183,560,190 | 2,766,228 |
Advisory Vote to Approve Compensation of Named Executive Officers
The results of the non-binding advisory vote for the compensation of the Company's named executive officers were as follows:
Votes For | Percent | Votes Against | Percent |
182,065,279 | 4,123,657 |
Increase Share Reserve of Omnibus Incentive Plan
The results for the increase share reserve of the Omnibus Incentive Plan were as follows:
Votes For | Percent | Votes Against | Percent |
181,330,791 | 4,922,022 |
Ratify PricewaterhouseCoopers LLP as Independent Auditors
The results for the ratification of PricewaterhouseCoopers LLP, Chartered Accountants, as the Company's independent auditors were as follows:
Votes For | Percent | Votes Against | Percent |
202,015,794 | 4,965,334 |
Further information on Ovintiv Inc. is available on the Company's website, www.ovintiv.com, or by contacting:
Investor contact: (888) 525-0304 | Media contact: (403) 645-2252 |
View original content to download multimedia:https://www.prnewswire.com/news-releases/ovintiv-announces-results-of-annual-meeting-301541402.html
SOURCE Ovintiv Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.