Parkland Fuel Corporation ("Parkland") (TSX:PKI), Canada’s largest independent marketer of fuel and petroleum products, announced that all nine of the nominees listed in its management information circular dated March 28, 2017 (the "Information Circular") were elected as directors of the Corporation and PricewaterhouseCoopers LLP was reappointed as Parkland’s auditor at its annual and special meeting of shareholders held today (the "Meeting"). The results of these votes, as well as the results for the other items of business considered at the Meeting are set out below:
Resolution 1
Election of directors of Parkland for the ensuing year.
| Nominee | Votes For | %For | Votes Withheld | %Withheld | |||||
| John F. Bechtold | 45,150,028 | 98.38% | 745,304 | 1.62% | |||||
| Lisa Colnett | 43,616,592 | 95.03% | 2,278,740 | 4.97% | |||||
| Robert Espey | 42,724,405 | 93.09% | 3,170,927 | 6.91% | |||||
| Timothy Hogarth | 35,508,575 | 77.37% | 10,386,757 | 22.63% | |||||
| Jim Pantelidis | 42,923,556 | 93.52% | 2,971,776 | 6.48% | |||||
| Domenic Pilla | 44,448,685 | 96.85% | 1,446,647 | 3.15% | |||||
| David A. Spencer | 38,575,386 | 84.05% | 7,319,946 | 15.95% | |||||
| Deborah Stein | 44,165,022 | 96.23% | 1,730,310 | 3.77% |
Resolution 2
The reappointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditor of Parkland for the fiscal year ending December 31, 2017.
| Votes For | 45,041,991 | 96.66% | |||
| Votes Withheld | 1,557,730 | 3.34% | |||
| Total | 46,599,721 |
Resolution 3
The approval of Parkland's amended and restated shareholder rights plan, as set forth and described in the Information Circular.
| Votes For | 43,618,737 | 95.19% | |||
| Votes Against | 2,203,699 | 4.81% | |||
| Total | 45,822,436 |
Resolution 4
The approval of amendments to Parkland’s stock option plan, as set forth and described in the Information Circular.
| Votes For | 40,421,201 | 88.21% | |||
| Votes Against | 5,401,869 | 11.79% | |||
| Total | 45,823,070 |
Resolution 5
The approval of unallocated options under Parkland's stock option plan, as set forth and described in the Information Circular.
| Votes For | 39,281,138 | 85.72% | ||
| Votes Against | 6,541,932 | 14.28% | ||
| Total | 45,823,070 |
Resolution 6
The approval of amendments to Parkland’s restricted share unit plan, as set forth and described in the Information Circular.
| Votes For | 41,173,439 | 89.85% | ||
| Votes Against | 4,649,631 | 10.15% | ||
| Total | 45,823,070 |
Resolution 7
The approval of unallocated restricted share units under Parkland's restricted share unit plan, as set forth and described in the Information Circular.
| Votes For | 41,113,942 | 89.72% | ||
| Votes Against | 4,708,638 | 10.28% | ||
| Total | 45,822,580 |
Resolution 8
The approval, on a non-binding and advisory basis, of Parkland’s approach to executive compensation as more particularly set forth and described in the Information Circular.
| Votes For | 43,372,157 | 94.65% | ||
| Votes Against | 2,450,913 | 5.35% | ||
| Total | 45,823,070 |
Voting results for all matters have been posted on SEDAR.
ABOUT PARKLAND FUEL CORPORATION
Parkland delivers gasoline, diesel, propane, lubricants, heating oil and other high-quality petroleum products to motorists, businesses, households and wholesale customers in Canada and the United States. Our mission is to be the partner of choice for our customers and suppliers, and we do this by building lasting relationships through outstanding service, reliability, safety and professionalism.
We are unique in our ability to provide customers with dependable access to fuel and petroleum products, utilizing a portfolio of supply relationships, storage infrastructure, and third party rail and highway carriers to rapidly respond to supply disruptions in order to protect our customers.
To sign up for Parkland new alerts please go to http://bit.ly/PKI-Alert or visit www.parkland.ca.
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Contacts:
Investor Inquiries
Ben
Brooks, 403-567-2534
Vice President, Treasury & Investor Relations
Ben.Brooks@parkland.ca
or
Media
Inquiries
Annie Cuerrier, 403-567-2579
Director, Corporate
Communications
Annie.Cuerrier@parkland.ca
