Vermilion Energy Inc. Reports Voting Results of Annual General Meeting
Vermilion Energy (TSX/NYSE: VET) reported shareholder voting results from its annual meeting held May 6, 2026.
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
Details
News Market Reaction – VET
On May 8, the first trading day after this news, VET closed 0.59% below the previous close.
Data tracked by StockTitan Argus for the May 8 session.
Key Figures
- Shares voted
- 79,024,098 shares
- Shares represented at May 6, 2026 annual meeting
- Participation rate
- 51.79%
- Percentage of issued and outstanding common shares voted
- Board size
- 8 directors
- Number of directors fixed by ordinary resolution
- Resolution 1 support
- 99.15% for / 0.85% against
- Fixing number of directors at eight
- Auditor approval
- 98.49% for / 1.51% withheld
- Appointment of Deloitte LLP as auditors
- Say-on-pay support
- 96.97% for / 3.03% against
- Advisory vote on executive compensation approach
- Director support range
- 91.51% to 98.60% for
- Votes for individual director nominees
- Retiring directors
- 2 directors
- Carin S. Knickel and William B. Roby not standing for re-election
Historical Context
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Reported strong Q1 2026 FFO, free cash flow and continued net debt reduction.
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Announced C$0.135 cash dividend for June 30, 2026 payment date.
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Production above guidance plus German asset acquisition and Croatia SA-07 divestment.
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Reported record 2025 production, higher reserves and strong fund flows from operations.
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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.
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.
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