Suncor Energy reports voting results from Annual General Meeting

Rhea-AI Summary

Suncor's Annual General Meeting took place on May 6, 2020, in Calgary, with about 76.05% of shares represented. Shareholders elected ten board members, with Patricia M. Bedient receiving 99.85% support. KPMG LLP was reappointed as auditors, and the executive compensation approach was approved with 94.64% approval. Suncor is recognized for its integrated energy operations, including oil sands and petroleum refining. The company is listed on the Dow Jones Sustainability indexes and is symbolized as SU on the Toronto and New York stock exchanges.

AI-generated analysis. Not financial advice.

Positive

• 76.05% of outstanding shares represented at the AGM.
• Ten board members elected with strong support ranging from 97.09% to 99.85%.
• KPMG LLP reappointed as auditors, indicating confidence in financial practices.
• Executive compensation approach received 94.64% approval.

Negative

• None.

News Market Reaction – SU

+3.70%

1 alert

+3.70% News Effect

On the day this news was published, SU gained 3.70%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CALGARY, Alberta, May 06, 2020 (GLOBE NEWSWIRE) -- Suncor held its Annual General Meeting in Calgary today. A total of approximately 1.16 billion shares (approximately 76.05% of outstanding common shares) were represented in person or by proxy.

Shareholders voted as follows on the matters before the meeting:

1.    Shareholders elected the following ten board members (nine of whom are independent), with shares represented at the meeting voting in favour of individual directors as follows:

				Patricia M. Bedient			99.85%
				Mel E. Benson			98.26%
				John D. Gass			99.35%
				Dennis M. Houston			99.47%
				Mark S. Little			98.97%
				Brian P. MacDonald			99.86%
				Maureen McCaw			97.09%
				Lorraine Mitchelmore			99.86%
				Eira M. Thomas			98.11%
				Michael M. Wilson			99.57%

2.    Shareholders appointed KPMG LLP as Suncor’s auditors. 

3.    Management’s approach to executive compensation (say on pay) disclosed in Suncor’s management proxy circular dated February 26, 2020 was approved with 94.64% of shares represented at the meeting voting in favour.

Note: the biographies of Board members and further details about Suncor’s corporate governance practices are available at suncor.com.

The text of remarks by Mark Little, president and chief executive officer, and Alister Cowan, chief financial officer, are available at suncor.com/speeches.

An archive of the webcast of the meeting will be available for the next 90 days at suncor.com/webcasts.

Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development and upgrading, offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. A member of Dow Jones Sustainability indexes, FTSE4Good and CDP, Suncor is working to responsibly develop petroleum resources while also growing a renewable energy portfolio. Suncor is listed on the UN Global Compact 100 stock index. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

For more information about Suncor, visit our web site at suncor.com, follow us on Twitter @Suncor or together.suncor.com

Media inquiries:
1-833-296-4570
media@suncor.com

Investor inquiries:
800-558-9071
invest@suncor.com

 

FAQ

What were the voting results for board members at Suncor's May 2020 AGM?

Suncor's shareholders elected ten board members with approval votes between 97.09% and 99.85%.

Who was appointed as Suncor's auditor during the AGM?

KPMG LLP was appointed as Suncor's auditor at the AGM.

What percentage of shareholders approved the executive compensation plan at Suncor's AGM?

The executive compensation plan was approved by 94.64% of shareholders.

What is Suncor's stock symbol?

Suncor's stock is listed under the symbol SU on the Toronto and New York stock exchanges.