South Bow Announces Approval of Resolutions at Annual General Meeting of Shareholders
South Bow Corp. (TSX & NYSE: SOBO) held its annual general meeting on May 15, 2025, where shareholders approved all proposed resolutions. The meeting resulted in the appointment of 11 board members, with approval ratings ranging from 96.51% to 99.83%. Shareholders also approved the appointment of KPMG LLP as auditors with 99.76% support and endorsed the company's executive compensation approach with 95.95% approval.
South Bow, a Calgary-based crude oil pipeline operator spun off from TC Energy in October 2024, manages 4,900 kilometres of pipeline infrastructure connecting Alberta's crude oil supplies to U.S. refining markets in Illinois, Oklahoma, and the Gulf Coast.
South Bow Corp. (TSX e NYSE: SOBO) ha tenuto la sua assemblea generale annuale il 15 maggio 2025, durante la quale gli azionisti hanno approvato tutte le risoluzioni proposte. L'incontro ha portato alla nomina di 11 membri del consiglio di amministrazione, con tassi di approvazione compresi tra il 96,51% e il 99,83%. Gli azionisti hanno inoltre approvato la nomina di KPMG LLP come revisori contabili con un supporto del 99,76% e hanno sostenuto l'approccio della società alla remunerazione degli executive con un'approvazione del 95,95%.
South Bow, operatore di oleodotti con sede a Calgary, nato dalla scissione da TC Energy nell'ottobre 2024, gestisce un'infrastruttura di oleodotti di 4.900 chilometri che collega le forniture di petrolio greggio dell'Alberta ai mercati di raffinazione statunitensi in Illinois, Oklahoma e nella Costa del Golfo.
South Bow Corp. (TSX y NYSE: SOBO) celebró su junta general anual el 15 de mayo de 2025, donde los accionistas aprobaron todas las resoluciones propuestas. La reunión resultó en el nombramiento de 11 miembros del consejo, con índices de aprobación que oscilaron entre el 96,51% y el 99,83%. Los accionistas también aprobaron el nombramiento de KPMG LLP como auditores con un apoyo del 99,76% y respaldaron el enfoque de compensación ejecutiva de la empresa con un 95,95% de aprobación.
South Bow, un operador de oleoductos de crudo con sede en Calgary, escindido de TC Energy en octubre de 2024, administra una infraestructura de oleoductos de 4.900 kilómetros que conecta los suministros de crudo de Alberta con los mercados de refinación de EE. UU. en Illinois, Oklahoma y la Costa del Golfo.
South Bow Corp. (TSX 및 NYSE: SOBO)는 2025년 5월 15일 연례 주주총회를 개최하여 주주들이 제안된 모든 결의안을 승인했습니다. 회의 결과 11명의 이사회 멤버가 선임되었으며, 승인율은 96.51%에서 99.83% 사이였습니다. 또한 주주들은 KPMG LLP를 감사인으로 선임하는 안건을 99.76%의 지지율로 승인했고, 회사의 임원 보상 방침도 95.95%의 찬성으로 승인했습니다.
캘거리 기반의 원유 파이프라인 운영사인 South Bow는 2024년 10월 TC Energy에서 분사했으며, 앨버타의 원유 공급을 미국 일리노이, 오클라호마, 걸프 코스트의 정유 시장과 연결하는 4,900킬로미터의 파이프라인 인프라를 관리하고 있습니다.
South Bow Corp. (TSX et NYSE : SOBO) a tenu son assemblée générale annuelle le 15 mai 2025, lors de laquelle les actionnaires ont approuvé toutes les résolutions proposées. La réunion a conduit à la nomination de 11 membres du conseil d'administration, avec des taux d'approbation allant de 96,51 % à 99,83 %. Les actionnaires ont également approuvé la nomination de KPMG LLP en tant qu'auditeurs avec un soutien de 99,76 % et ont approuvé l'approche de la société en matière de rémunération des dirigeants avec un taux d'approbation de 95,95 %.
South Bow, un opérateur de pipeline de pétrole brut basé à Calgary, issu d'une scission de TC Energy en octobre 2024, gère une infrastructure de pipeline de 4 900 kilomètres reliant les approvisionnements en pétrole brut de l'Alberta aux marchés de raffinage américains dans l'Illinois, l'Oklahoma et la côte du Golfe.
South Bow Corp. (TSX & NYSE: SOBO) hielt am 15. Mai 2025 seine jährliche Hauptversammlung ab, bei der die Aktionäre alle vorgeschlagenen Beschlüsse genehmigten. Die Versammlung führte zur Ernennung von 11 Vorstandsmitgliedern mit Zustimmungsraten zwischen 96,51 % und 99,83 %. Die Aktionäre stimmten außerdem der Ernennung von KPMG LLP als Wirtschaftsprüfer mit 99,76 % Unterstützung zu und befürworteten den Ansatz des Unternehmens zur Vergütung der Führungskräfte mit einer Zustimmung von 95,95 %.
South Bow, ein in Calgary ansässiger Betreiber von Rohölpipelines, der im Oktober 2024 von TC Energy ausgegliedert wurde, verwaltet eine Pipeline-Infrastruktur von 4.900 Kilometern, die Albertas Rohölvorkommen mit den Raffinierungsmärkten in den USA in Illinois, Oklahoma und an der Golfküste verbindet.
- None.
- None.
CALGARY, Alberta, May 15, 2025 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) announces that its shareholders approved all resolutions at the Company's annual general meeting held on May 15, 2025 (the Meeting).
During the business proceedings of the Meeting, South Bow's shareholders approved the following resolutions:
1. Resolution to appoint 11 board members, with
| Director | Votes in Favour (%) | Votes Against (%) |
| Hal Kvisle | 96.51 | 3.49 |
| Chansoo Joung | 99.76 | 0.24 |
| George Lewis | 99.83 | 0.17 |
| Leonard Mallett | 99.78 | 0.22 |
| Robert (Bob) G. Phillips | 99.78 | 0.22 |
| Sonya Reed | 99.74 | 0.26 |
| Shannon Ryhorchuk | 99.81 | 0.19 |
| Mary Pat Salomone | 98.69 | 1.31 |
| Frances M. Vallejo | 99.77 | 0.23 |
| Don Wishart | 99.78 | 0.22 |
| Bevin Wirzba | 99.82 | 0.18 |
2. Resolution to appoint KPMG LLP as the Company's auditors, with
3. Resolution to accept South Bow's approach to executive compensation, as disclosed in the Company's management information circular dated March 27, 2025, with
About South Bow
South Bow safely operates 4,900 kilometres (3,045 miles) of crude oil pipeline infrastructure, connecting Alberta crude oil supplies to U.S. refining markets in Illinois, Oklahoma, and the U.S. Gulf Coast through our unrivalled market position. We take pride in what we do – providing safe and reliable transportation of crude oil to North America's highest demand markets. Based in Calgary, Alberta, South Bow is the spinoff company of TC Energy, with Oct. 1, 2024 marking South Bow's first day as a standalone entity. To learn more, visit www.southbow.com.
Contact information
| Investor Relations Martha Wilmot investor.relations@southbow.com | Media Relations Solomiya Lyaskovska communications@southbow.com | |
FAQ
Who are the board members appointed at South Bow's (SOBO) 2025 annual general meeting?
What was the voting result for South Bow's (SOBO) executive compensation approach in 2025?
When did South Bow (SOBO) become a standalone company from TC Energy?
What is South Bow's (SOBO) pipeline infrastructure coverage?
