Vermilion Energy Inc. Reports Voting Results of Annual General Meeting
Rhea-AI Summary
Vermilion Energy (TSX/NYSE: VET) reported shareholder voting results from its annual meeting held May 6, 2026. 51.79% of common shares were voted. Shareholders approved setting the board size to eight, elected eight directors, reappointed Deloitte LLP as auditors, and passed an advisory vote on executive compensation.
Two directors, Carin S. Knickel and William B. Roby, retired at the end of their terms.
Positive
- Board size fixed at eight directors by shareholder vote
- Audit appointment — Deloitte LLP reappointed with 98.49% support
- Advisory approval of executive compensation with 96.97% votes for
Negative
- Lower support for Stephen P. Larke: 91.51% for, 8.49% withheld
- Notable withheld votes for Manjit K. Sharma: 6.09% withheld
News Market Reaction – VET
In the May 8 session, VET declined 0.59%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 06 | Q1 2026 earnings | Positive | -12.9% | Reported strong Q1 2026 FFO, free cash flow and continued net debt reduction. |
| May 06 | Dividend declaration | Positive | -12.9% | Announced C$0.135 cash dividend for June 30, 2026 payment date. |
| Apr 07 | Operations & acquisition | Positive | -7.2% | Production above guidance plus German asset acquisition and Croatia SA-07 divestment. |
| Mar 04 | 2025 results | Positive | -1.7% | Reported record 2025 production, higher reserves and strong fund flows from operations. |
| Mar 04 | Dividend increase | Positive | -1.7% | Declared $0.135 dividend, a 4% increase and fifth consecutive annual raise. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent fundamentally positive updates on production, debt reduction and dividends have often coincided with negative next-day price moves, indicating a pattern of selling into good news.
Over recent months, Vermilion has highlighted record 2025 production, strong fund flows from operations, material free cash flow and ongoing net debt reduction, alongside steady quarterly dividends of $0.135 per share. Q1 2026 updates showed production above guidance and further portfolio repositioning via German acquisitions and a Croatian divestment. Despite this, shares fell -7.2% on an April operations release and -12.91% on May 6 earnings and dividend news, framing today’s AGM voting results within a backdrop of selling pressure after ostensibly positive announcements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The vote on each matter was conducted by ballot. The manner in which the proxies were voted or ballots cast, as applicable, in respect of each matter is set out below.
1. Ordinary resolution to approve fixing the number of directors of Vermilion to be elected at the Meeting at eight (8).
Votes For | Votes Against | ||
Number | Percent (%) | Number | Percent (%) |
78,354,677 | 99.15 % | 669,421 | 0.85 % |
2. Ordinary resolution to approve the election of the following eight nominees to serve as directors of Vermilion for the ensuing year, or until their successors are duly elected or appointed, as described in the Information Circular.
Name of Nominee | Votes For | Votes Withheld | ||
Number | Percent (%) | Number | Percent (%) | |
Myron M. Stadnyk | 67,312,633 | 98.58 % | 970,297 | 1.42 % |
Dion Hatcher | 67,288,771 | 98.54 % | 994,159 | 1.46 % |
Corey B. Bieber | 67,229,290 | 98.46 % | 1,053,640 | 1.54 % |
James J. Kleckner Jr. | 66,265,759 | 97.05 % | 2,017,171 | 2.95 % |
Stephen P. Larke | 62,482,558 | 91.51 % | 5,800,372 | 8.49 % |
Paul B. Myers | 67,324,820 | 98.60 % | 958,110 | 1.40 % |
Manjit K. Sharma | 64,122,755 | 93.91 % | 4,160,175 | 6.09 % |
Judy A. Steele | 66,934,582 | 98.03 % | 1,348,348 | 1.97 % |
3. Ordinary resolution to approve the appointment of Deloitte LLP, Chartered Accountants, as auditors of Vermilion for the ensuing year.
Votes For | Votes Withheld | ||
Number | Percent (%) | Number | Percent (%) |
77,827,158 | 98.49 % | 1,196,940 | 1.51 % |
4. Ordinary resolution to accept on an advisory basis the approach to executive compensation, as disclosed in the Information Circular.
Votes For | Votes Against | ||
Number | Percent (%) | Number | Percent (%) |
66,210,717 | 96.97 % | 2,072,213 | 3.03 % |
Carin S. Knickel and William B. Roby did not stand for re-election at the annual meeting of shareholders and accordingly retired from the Board at the end of their current terms. Vermilion extends its appreciation to Ms. Knickel and Mr. Roby for their service, commitment, and invaluable contributions during their respective tenures as directors of Vermilion.
About Vermilion
Vermilion is a global gas producer that seeks to create value through the acquisition, exploration and development of liquids-rich natural gas in
Vermilion's priorities are health and safety, the environment, and profitability, in that order. Nothing is more important than the safety of the public and those who work with Vermilion, and the protection of the natural surroundings. In addition, the Company emphasizes strategic community investment in each of its operating areas.
Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.
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SOURCE Vermilion Energy Inc.