Precision Drilling (PDS) reported voting results from its 2026 Annual Meeting of Shareholders held May 14, 2026. Shareholders elected all eight nominee directors, seven of whom are independent.
Director support ranged from 90.52% to 99.77% of votes cast. All other meeting items, including a non-binding advisory vote on executive compensation, were approved. Detailed results will be filed on SEDAR+ and EDGAR Next.
Loading...
Loading translation...
Positive
None.
Negative
None.
News Market Reaction – PDS
+1.04%
+1.04%Session close to close
In the May 15 session, PDS gained 1.04%, reflecting a mild positive market reaction.
This announcement confirms that shareholders elected all eight director nominees, seven of whom are ...
Analysis
This announcement confirms that shareholders elected all eight director nominees, seven of whom are independent, with support levels generally above 96%. It also notes that all other proposals, including a non-binding advisory vote on executive compensation, passed and that detailed results will be posted on SEDAR+ and EDGAR Next. Investors may contextualize this governance stability alongside recent filings, earnings trends, and ongoing balance sheet actions when assessing the company’s longer-term risk-reward profile.
Key Figures
Annual Meeting date:May 14, 2026Directors elected:8 directorsVotes for D. Williams:7,675,106 (99.77%)+5 more
8 metrics
Annual Meeting dateMay 14, 20262026 Annual Meeting of Shareholders held virtually
Directors elected8 directorsAll eight nominee directors approved by shareholders
Votes for D. Williams7,675,106 (99.77%)Support for director nominee David W. Williams
Votes for S. Krablin6,963,752 (90.52%)Lowest support level among director nominees
Votes for W. Donovan7,503,057 (97.53%)Support for director nominee William T. Donovan
Votes for C. Ford7,612,688 (98.96%)Support for director nominee Carey T. Ford
Independent directors7 of 8Board independence among elected directors
Votes for K. Meyers7,536,595 (97.97%)Support for director nominee Kevin O. Meyers
Filing of 2025 annual disclosure documents and notice of virtual 2026 meeting.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent news has often been informational (meetings, filings, earnings) with mixed price reactions, including notable selloffs following results and meeting announcements.
Recent Company History
Over the past few months, Precision Drilling has focused on disclosure and governance: filing its 2025 annual documents on Mar 09, 2026, setting the virtual 2026 Annual Meeting, and announcing first-quarter 2026 results with revenue growth but weaker earnings. Meeting-related notices on Apr 01 and May 05 were largely procedural yet saw varied price responses, including moves of -5.23% and -3.85%. Today’s detailed voting results continue that governance and transparency theme without introducing new financial catalysts.
Key Terms
management information circular, non-binding advisory vote, executive compensation, sedar+, +1 more
5 terms
management information circularregulatory
"nominee directors presented in the Company’s Management Information Circular (the Circular)"
A management information circular is a document sent to shareholders ahead of a company meeting that explains who is asking for votes, what decisions will be made, and why management recommends a particular outcome. Like an instruction booklet and argument sheet combined, it lays out details such as board nominees, executive pay, major transactions and any conflicts, helping investors decide how to vote and judge whether leadership choices could affect the company’s future value.
non-binding advisory voteregulatory
"including the non-binding advisory vote on the Company’s approach to executive compensation"
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.
executive compensationfinancial
"including the non-binding advisory vote on the Company’s approach to executive compensation"
Payments and benefits given to a company's top leaders — including base salary, cash bonuses, stock awards, options and retirement or perquisites — designed to compensate and motivate them. Investors care because these packages affect a company’s costs, influence executives’ decisions and signal how well management’s interests line up with shareholders’; like a captain’s contract, the structure of pay can encourage safe navigation toward long-term gains or risky short-term moves that hurt returns.
"full results ... will be filed on SEDAR+ (www.sedarplus.ca) and EDGAR Next"
SEDAR+ is Canada’s centralized online system where publicly traded companies submit required regulatory documents such as financial reports, prospectuses and disclosure statements. It gives investors a single, searchable place — like a public library or online filing cabinet — to check a company’s official records for transparency, compare performance, and verify material information before making investment decisions.
edgar nextregulatory
"full results ... will be filed on SEDAR+ (www.sedarplus.ca) and EDGAR Next (www.sec.gov)"
EDGAR Next is the Securities and Exchange Commission’s upgraded system for submitting, storing and searching public company filings, replacing the older EDGAR platform with a more modern, structured database. For investors it matters because filings will be easier to find and analyze—like moving from paper files to a searchable digital library—improving speed and accuracy of research and enabling quicker reactions to material information.
CALGARY, Alberta, May 14, 2026 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision or the Company) is pleased to announce the results of the election of board members at its 2026 Annual Meeting of Shareholders held on May 14, 2026 (the Annual Meeting). Shareholders approved the election of all eight (seven of whom are independent) of the nominee directors presented in the Company’s Management Information Circular (the Circular), dated April 1, 2026.
The shares represented at the Annual Meeting voting in favour of individual nominee directors are as follows:
Nominee
# Votes For
% Votes For
# Votes Withheld
% Votes Withheld
William T. Donovan
7,503,057
97.53%
189,813
2.47%
Steven W. Krablin
6,963,752
90.52%
729,118
9.48%
Lori A. Lancaster
7,388,916
96.05%
303,954
3.95%
Susan M. MacKenzie
7,392,047
96.09%
300,823
3.91%
Kevin O. Meyers
7,536,595
97.97%
156,275
2.03%
David W. Williams
7,675,106
99.77%
17,764
0.23%
Alice L. Wong
7,426,681
96.54%
266,189
3.46%
Carey T. Ford
7,612,688
98.96%
80,182
1.04%
All other items of business set forth in the Circular and considered at the Annual Meeting passed, including the non-binding advisory vote on the Company’s approach to executive compensation.
The full results on all matters voted upon at the Annual Meeting will be filed on SEDAR+ (www.sedarplus.ca) and EDGAR Next (www.sec.gov).
About Precision
Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha™ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen™ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations. Additionally, Precision offers well service rigs, rental equipment and camps all backed by a comprehensive mix of technical support services and skilled, experienced personnel.
Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS”.
Additional Information
For more information about Precision, please visit our website at www.precisiondrilling.com or contact:
Lavonne Zdunich, CPA, CA Vice President, Investor Relations 403.716.4500
What were the key outcomes of Precision Drilling (PDS) 2026 annual meeting voting results?
Precision Drilling shareholders elected all eight board nominees and approved all other meeting items. According to Precision Drilling, director support ranged from 90.52% to 99.77%, and the non-binding advisory vote on executive compensation also received shareholder approval.
How did shareholders vote on the Precision Drilling (PDS) board of directors at the 2026 annual meeting?
Shareholders approved all eight nominee directors to the Precision Drilling board. According to Precision Drilling, individual support ranged from 90.52% to 99.77% of votes cast for each nominee, with seven of the elected directors classified as independent members.
What support did Precision Drilling (PDS) director David W. Williams receive in the 2026 vote?
David W. Williams received 7,675,106 votes for and 17,764 withheld at Precision Drilling’s 2026 meeting. According to Precision Drilling, this represented 99.77% of votes in favour and 0.23% withheld, the highest support among the eight nominee directors.
Was Precision Drilling’s (PDS) executive compensation approach approved in the 2026 shareholder vote?
Yes, shareholders passed the non-binding advisory vote on Precision Drilling’s executive compensation approach. According to Precision Drilling, all items of business set out in the management information circular, including this advisory resolution, received sufficient shareholder support at the 2026 annual meeting.
Where can investors find the full 2026 Precision Drilling (PDS) voting results?
Investors can review full 2026 voting details on SEDAR+ and EDGAR Next. According to Precision Drilling, complete results for all matters voted on at the annual meeting will be filed on www.sedarplus.ca and www.sec.gov.
How many independent directors did Precision Drilling (PDS) shareholders elect in 2026?
Shareholders elected seven independent directors out of eight total board members in 2026. According to Precision Drilling, all eight nominees listed in the April 1, 2026 management information circular were approved at the annual meeting held on May 14, 2026.
