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Parkland Corporation 2025 Annual and Special Meeting Summary

On June 24, 2025, Parkland Corporation held its anticipated Annual and Special Meeting of Shareholders in Calgary, Alberta. The meeting revealed a strong show of support for the company’s strategic initiatives and governance. Key outcomes from the meeting included the approval of all proposed resolutions presented to shareholders, prominently featuring a special resolution to proceed with a significant arrangement with Sunoco LP, alongside the election of its board of directors.

Meeting Highlights

The hallmark of the meeting was the Arrangement Resolution, which received overwhelming support, with 93.46% of shareholders voting in favor. This resolution is pivotal as it sets the stage for an important alignment with Sunoco LP, which is expected to expand Parkland's market footprint and resource capabilities. The successful approval also remains contingent on customary closing conditions such as regulatory approvals and judicial consent from the Court of King's Bench of Alberta, with a closing anticipated in the second half of 2025.

Director Elections

During the meeting, shareholders also voted on the election of the company’s board, comprised of ten nominees detailed in the management information circular dated May 26, 2025. Notable voting results included:

• - Felipe Bayon: 66.16% in favor
• - Sue Gove: 70.10% in favor
• - Timothy Hogarth: 91.81% in favor

These results reflect a robust commitment from shareholders to support experienced individuals who can guide Parkland through its ongoing transformations and challenges in the industry. The participation underscores confidence in the board's strategic vision.

Auditor Reappointment

In addition to these highlights, shareholders voted nearly unanimously to reappoint PricewaterhouseCoopers LLP as the company’s auditors until the next annual meeting. This decision, with 97.87% of votes in favor, signals trust in the firm’s abilities to provide effective oversight and financial accountability.

Executive Compensation

Another pivotal moment of the meeting was the advisory vote concerning Parkland’s executive compensation strategy, which received 64.79% approval from shareholders. This non-binding vote illustrates shareholders' approval of the current framework for executive remuneration, balancing competitive pay with shareholder interest.

Future Outlook

Parkland Corporation continues to position itself strategically within the energy sector, focusing on both traditional and renewable fuel solutions. As highlighted in its corporate narrative, Parkland aims to enhance its customer advantage while simplifying operational supply chains. Additionally, the company is actively exploring renewable initiatives including electric vehicle (EV) charging, exemplifying its commitment to reducing environmental impact.

In conclusion, Parkland Corporation's Annual and Special Meeting of Shareholders not only confirmed the direction the company is heading towards but also reinforced its commitment to engage with its shareholders actively. As regulatory approvals are pursued, Parkland is set to embark on a path of substantial growth, driven by both market opportunities and a solid governance framework.

Looking Ahead

As we move into the latter part of 2025, Parkland’s strategic focus will likely remain on executing its arrangement with Sunoco LP, enhancing customer offerings, and maintaining rigorous governance practices. The company’s proactive approach indicates promising potential for stakeholders while navigating the evolving energy landscape.

For more information, stakeholders can refer to Parkland’s SEDAR+ profile or visit the official website.