CALGARY, May 11, 2018 /CNW/ – OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce that at its annual and special meeting of shareholders held on May 11, 2018, Obsidian Energy’s shareholders approved all resolutions outlined in the Notice of 2018 Annual and Special Meeting and Management Proxy Circular dated April 6, 2018 (the “Information Circular“), which is available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov, and on Obsidian Energy’s website at www.obsidianenergy.com.
1. Appointment of Auditor
By resolution passed by show of hands, Ernst & Young LLP, Chartered Accountants, was appointed as auditor of Obsidian Energy for the ensuing year.
2. Election of Directors
By resolutions passed by ballot vote, the following ten nominees proposed by management were elected as directors of the Company to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed:
|
Name of Nominee |
Votes For |
Percent |
Votes Withheld |
Percent |
|
John Brydson |
208,268,944 |
94.18% |
12,860,588 |
5.82% |
|
Raymond D. Crossley |
173,540,960 |
78.48% |
47,588,572 |
21.52% |
|
Michael J. Faust |
212,121,534 |
95.93% |
9,007,998 |
4.07% |
|
David L. French |
173,797,525 |
78.60% |
47,332,007 |
21.40% |
|
William A. Friley |
173,503,281 |
78.46% |
47,626,251 |
21.54% |
|
Maureen Cormier Jackson |
172,937,537 |
78.21% |
48,191,995 |
21.79% |
|
Edward H. Kernaghan |
182,654,664 |
82.60% |
38,474,868 |
17.40% |
|
Stephen Loukas |
212,872,911 |
96.27% |
8,256,621 |
3.73% |
|
Gordon Ritchie |
205,028,443 |
92.72% |
16,101,089 |
7.28% |
|
Jay W. Thornton |
190,613,504 |
86.20% |
30,516,028 |
13.80% |
3. Non-Binding Advisory Vote on the Corporation’s Approach to Executive Compensation
By resolution passed by ballot vote, an advisory resolution was passed to approve the Company’s approach to executive compensation as outlined in the Information Circular. The results of the ballot were as follows:
|
Votes For |
Percent |
Votes Withheld |
Percent |
|
174,340,867 |
78.84% |
46,786,538 |
21.16% |
Obsidian Energy shares are listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol “OBE”.
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SOURCE Obsidian Energy Ltd.
