#Canada #Calgary #Parkland Corporation #TSX PKI #Sunoco LP

Parkland Corporation Announces Results of 2025 Meeting

On June 24, 2025, Parkland Corporation, a leading international distributor of fuels, held its annual and special meeting of shareholders in Calgary, Alberta. The company is pleased to report that all the resolutions presented during the meeting received approval. Among the significant votes was the special resolution that endorses the agreement with Sunoco LP.

The outcomes come at a crucial time as the company prepares for strategic expansions and further developments in its operations across 26 countries. Parkland aims to provide reliable fuel solutions while enhancing its sustainability initiatives, offering renewable fuel blends and electric vehicle charging options.

Meeting Highlights

During the meeting, four key resolutions were addressed:
1. Approval of the Agreement Resolution:
- Votes in Favor: 127,089,612 (93.46%)
- Votes Against: 8,890,026 (6.54%)
This resolution confirmed the agreement with Sunoco LP, paving the way for future collaborations and synergies.

2. Election of Directors:
The election followed a rigorous selection process, and the results were as follows:
- Felipe Bayon: 89,964,790 votes (66.16% in favor)
- Nora Duke: 89,480,242 votes (65.80% in favor)
- Other candidates received similar backing, demonstrating shareholders' confidence in the board's direction.

3. Appointment of Auditors:
- PricewaterhouseCoopers LLP was reappointed as auditors with 97.87% approval, underlining the trust in their audit capabilities.
- Votes For: 134,418,865
- Votes Against: 2,929,008

4. Advisory Vote on Executive Compensation:
- Votes in Favor: 88,102,453 (64.79%)
- Votes Against: 47,877,185 (35.21%)
This advisory resolution reflected the shareholders' perspectives on the company's executive pay structure.

Future Outlook

Parkland continues to focus on growth, bolstered by its strategic acquisitions and solid business foundations. The company aims to close the agreement with Sunoco LP in the latter half of 2025, pending necessary regulatory approvals and conditions.

The firm operates a robust retail network across Canada, the U.S., and the Caribbean, affirming its commitment to meeting customer needs. With plans to expand operations while prioritizing environmental sustainability, Parkland is strategically positioned for continued growth.

Parkland prides itself on its values of safety, integrity, community, and respect, which are integral to its operational ethos. The corporation remains optimistic about its future, leveraging its strengths in customer service and supply chain management.

Conclusion

With the successful execution of the annual shareholders' meeting and the approval of significant resolutions, Parkland Corporation is poised to embark on a new chapter of growth and sustainability. The company invites stakeholders to stay engaged as they navigate through the Company’s strategic initiatives and growth plans in the ever-evolving fuel market.