#Canada #Calgary #shareholder meeting #Vermilion Energy #Voting Results

Vermilion Energy Inc. Shares Voting Outcomes from Their Annual General Meeting

On May 8, 2025, Vermilion Energy Inc. (TSX: VET, NYSE: VET) disclosed the outcomes from its recent Annual General Meeting (AGM) held on May 7, 2025. The meeting witnessed a significant turnout, with shareholders voting on several crucial resolutions involving board elections and auditor appointments.

A total of 77,221,704 common shares, constituting 50.03% of Vermilion’s outstanding shares, participated in the voting process. Here’s a brief overview of the principal resolutions that were voted upon:

Election of Directors

The first resolution addressed the approval of the number of directors, confirming that eight directors would be elected. The results showcased tremendous support, with 98.49% voting in favor, and 1.51% opposing the motion:

• - Votes For: 76,053,790
• - Votes Against: 1,166,014

Following this, the election of the eight nominated directors was addressed. The results revealed a strong collective endorsement for the nominee slate:

• - Myron M. Stadnyk: Votes For: 55,601,819 (96.06%)
• - Dion Hatcher: Votes For: 55,425,557 (95.76%)
• - James J. Kleckner Jr.: Votes For: 55,225,595 (95.41%)
• - Carin S. Knickel: Votes For: 55,492,197 (95.87%)
• - Stephen P. Larke: Votes For: 55,043,866 (95.10%)
• - William B. Roby: Votes For: 55,499,420 (95.89%)
• - Manjit K. Sharma: Votes For: 54,749,114 (94.59%)
• - Judy A. Steele: Votes For: 55,518,916 (95.92%)

The voters withheld votes for various nominees, but overall support for the board remained robust. Each nominee received commendable approval percentages above 90%.

Appointment of Auditors

The AGM also resolved to appoint Deloitte LLP as the auditors for the fiscal year. This decision was made with 97.09% voting in favor and 2.91% against:

• - Votes For: 74,972,548
• - Votes Withheld: 2,247,258

Executive Compensation Advisory

Shareholders were given the opportunity to weigh in on the company’s approach to executive compensation. Approximately 94.36% voted to accept the disclosed compensation approach:

• - Votes For: 54,616,668
• - Votes Against: 3,263,278

Omnibus Incentive Plan

The final resolution involved the unallocated entitlements under the Omnibus Incentive Plan, which secured 93.73% support:

• - Votes For: 54,250,955
• - Votes Against: 3,628,991

Board Changes

With the conclusion of the AGM, it’s noteworthy to mention that Robert B. Michaleski and Timothy R. Marchant chose not to stand re-election. Their term concludes with gratitude from the board for their committed service. Their contributions over the years have significantly impacted Vermilion's strategic direction and operational success.

Company Overview

Vermilion Energy operates as a global gas producer, focusing on the acquisition, exploration, and development of producing assets across regions including North America, Europe, and Australia. With an emphasis on generating free cash flow and returning capital to investors, Vermilion seeks to optimize growth through value-enhancing acquisitions. Safety, community investment, and environmental stewardship remain at the core of the company's values as it navigates the energy landscape.

In conclusion, the strong shareholder engagement evident at the AGM reflects a supportive investor base committed to driving the company forward. Vermilion Energy's proactive governance and strategic focus suggest a promising outlook for the forthcoming year.