Crescent Point Announces Annual General Meeting Voting Results
May 24, 2017 CALGARY, ALBERTA. Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and
NYSE: CPG) held its annual general meeting on May 24, 2017, in Calgary. Approximately 247 million shares, representing 45.25% of common shares, were represented in person or by proxy at the meeting.
During the regular business proceedings at the meeting, shareholders approved the election of all nominated directors.
Full voting results for all resolutions are below. For comparison, the Company has also included the voting results in favour of resolutions that were passed at last year’s annual general meeting, which had 46.84% of common shares represented in person or by proxy.
Fixing Number of Directors
The appointment of 10 board members for the ensuing year was approved by a show of hands. Proxies and in-person votes were received as follows:
Votes For
Percent
Against
Percent
2016 Votes For
244,038,359
99.02%
2,423,725
0.98%
99.68%
Election of Directors
The 10 director nominees proposed by management were elected by a show of hands. Proxies and in-person votes were received as follows:
Nominee
Votes For
Percent
Withheld
Percent
2016 Votes For
Rene Amirault
225,222,556
91.96%
19,692,511
8.04%
78.43%
Peter Bannister
228,096,881
93.13%
16,818,186
6.87%
98.53%
Laura A. Cillis
230,027,638
93.92%
14,887,429
6.08%
89.49%
D. Hugh Gillard
225,870,725
92.22%
19,044,342
7.78%
88.46%
Ted Goldthorpe
240,695,393
98.28%
4,219,674
1.72%
N/A
Robert F. Heinemann
222,532,395
90.86%
22,382,672
9.14%
89.29%
Mike Jackson
232,957,004
95.12%
11,958,063
4.88%
N/A
Barbara Munroe
229,394,691
93.66%
15,520,376
6.34%
99.59%
Gerald A. Romanzin
235,966,066
96.35%
8,949,001
3.65%
98.68%
Scott Saxberg
230,364,374
94.06%
14,550,693
5.94%
97.04%
Appointment of Auditors
The appointment of PricewaterhouseCoopers LLP as Crescent Point’s auditors was approved by a show of hands. Proxies and in-person votes were received as follows:
Votes For
Percent
Withheld
Percent
2016 Votes For
244,568,538
99.23%
1,893,546
0.77%
99.31%
Advisory Vote on Executive Compensation
The resolution to accept the Company’s approach to executive compensation, the full text of which is set forth in the Information Circular, was approved. Proxies and in-person votes were received as follows:
Votes For | Percent | Against | Percent | 2016 Votes For |
211,568,818 | 86.36% | 33,422,825 | 13.64% | 31.00% |
“Throughout 2016, our Board and Compensation Committee worked with shareholders and incorporated their feedback in our revised compensation plan,” said Scott Saxberg, president and CEO of Crescent Point. “We remain committed to being transparent and accountable with our investors and value ongoing feedback.”
The biographies of Crescent Point’s board members and more details about the Company’s corporate governance practices are available on www.crescentpointenergy.com.
Crescent Point is one of Canada’s largest light and medium oil producers, based in Calgary, Alberta. The Company is focused on growing its significant resource base in the Williston Basin, southwest Saskatchewan and the Uinta Basin in Utah.
Crescent Point strives to maximize shareholder returns through its total return strategy of long-term growth plus dividend income.
CRESCENT POINT ENERGY CORP.
Scott Saxberg,
President and Chief Executive Officer
FOR MORE INFORMATION ON CRESCENT POINT, PLEASE CONTACT:
Ken Lamont, Chief Financial Officer, or Brad Borggard, Vice President, Corporate Planning and Investor Relations Telephone: (403) 693-0020 Toll-free (US & Canada): 888-693-0020
Fax: (403) 693-0070 Website: www.crescentpointenergy.com
Crescent Point shares are traded on the Toronto Stock Exchange and New York Stock Exchange under the symbol CPG.
Crescent Point Energy Corp.
Suite 2000, 585 - 8th Avenue S.W. Calgary, Alberta T2P 1G1