WASTE CONNECTIONS ANNUAL SHAREHOLDERS MEETING RESULTS

Rhea-AI Summary

Waste Connections announced the results of its Annual Meeting of Shareholders on May 17, 2024. All eight director nominees were elected, with each receiving a majority of the votes. Key results include Andrea E. Bertone receiving 96.81% votes in favor and Carl D. Sparks receiving 99.91%. Shareholders also approved the executive compensation package and reappointed Grant Thornton LLP as the independent auditor for 2024. Waste Connections serves around nine million customers in the U.S. and Canada, focusing on non-hazardous waste management and resource recovery.

Positive

• All eight director nominees were successfully elected, indicating strong shareholder confidence.
• The director with the lowest vote share still received a substantial 94.66% in favor.
• Shareholders approved the compensation package for the Company's executives, suggesting satisfaction with leadership.
• Grant Thornton LLP was reappointed as the independent auditor for 2024, ensuring continuity and stability in financial oversight.
• Waste Connections serves approximately nine million customers, a testament to its extensive market reach and operational scale.

Negative

• Despite overall positive election results, Michael W. Harlan received the lowest percentage of votes at 94.66%, which might indicate some level of discontent.
• The company reported a significant number of withheld votes, with over 10 million for Edward E. Guillet, reflecting some shareholder concerns.
• The PR does not provide any new business developments, financial performance updates, or growth metrics, making it less informative for investors seeking detailed financial insights.

TORONTO, May 17, 2024 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced the results of its Annual Meeting of Shareholders (the "Meeting"). All eight director nominees in the Company's 2024 management information circular and proxy statement were nominated at the Meeting and elected as directors of the Company. Each director will serve until the next annual meeting of shareholders or until his or her successor is duly elected or appointed.

Detailed results of the vote are:

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Andrea E. Bertone	214,920,820	96.81	7,078,922	3.18
Edward E. "Ned" Guillet	211,975,139	95.48	10,024,603	4.51
Michael W. Harlan	210,154,898	94.66	11,844,844	5.33
Larry S. Hughes	220,948,973	99.52	1,050,769	0.47
Elise L. Jordan	220,196,541	99.18	1,803,201	0.81
Susan "Sue" Lee	220,260,734	99.21	1,739,008	0.78
Ronald J. Mittelstaedt	218,197,830	98.28	3,801,912	1.71
Carl D. Sparks	221,808,705	99.91	191,037	0.08

All director nominees were elected in accordance with the majority voting policy included in the Company's Corporate Governance Guidelines and Board Charter, with each receiving a majority of the total votes cast in respect of his or her election.

The shareholders approved on a non-binding, advisory basis the compensation of the Company's named executive officers as disclosed in the proxy statement ("Say-on-Pay").

The shareholders approved the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for 2024 and authorized the Company's Board of Directors to fix the auditor's remuneration.

Final voting results on all matters considered at the Meeting will be filed with U.S. Securities and Exchange Commission and the securities commissions or similar regulatory authorities in Canada.

About Waste Connections

Waste Connections (wasteconnections.com) is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S. and Canada, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Waste Connections views its Environmental, Social and Governance ("ESG") efforts as integral to its business, with initiatives consistent with its objective of long-term value creation and focused on reducing emissions, increasing resource recovery of both recyclable commodities and clean energy fuels, reducing reliance on off-site disposal for landfill leachate, further improving safety and enhancing employee engagement. Visit wasteconnections.com/sustainability for more information and updates on our progress towards targeted achievement.

CONTACT:
Mary Anne Whitney / (832) 442-2253			Joe Box / (832) 442-2153
maryannew@wasteconnections.com			joe.box@wasteconnections.com

 

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SOURCE Waste Connections, Inc.

FAQ

What were the results of Waste Connections' 2024 Annual Meeting of Shareholders?

All eight director nominees were elected with a majority of votes. Shareholders also approved the executive compensation package and reappointed Grant Thornton LLP as the independent auditor for 2024.

What percentage of votes did Andrea E. Bertone receive in the Waste Connections 2024 shareholders meeting?

Andrea E. Bertone received 96.81% of votes in favor during the 2024 shareholders meeting.

Who was reappointed as the independent auditor for Waste Connections in 2024?

Grant Thornton LLP was reappointed as the independent auditor for Waste Connections in 2024.

How many customers does Waste Connections serve?

Waste Connections serves approximately nine million residential, commercial, and industrial customers across 46 states in the U.S. and six provinces in Canada.

What was the approval rate for Carl D. Sparks in the Waste Connections 2024 shareholders meeting?

Carl D. Sparks received 99.91% votes in favor at the Waste Connections 2024 shareholders meeting.