Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, Say on Pay, and Omnibus Equity Plan
ST. JOHN’S, Newfoundland and Labrador, May 02, 2024 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) announced the voting results from its Annual and Special Meeting of Shareholders held today. Shareholders voted in favour of all items of business before the meeting, including electing the nominated directors, appointing Deloitte LLP as the Corporation’s auditors, approving the non-binding advisory vote regarding the Corporation’s approach to executive compensation, and approving the omnibus equity plan and related matters.
Election of Directors
Fortis shareholders elected the following 12 individuals to the Board to serve until the next Annual Meeting of Shareholders or until their successors are elected or appointed:
| Nominee | # Votes For | % Votes For | # Votes Withheld | % Votes Withheld |
| Tracey C. Ball | 270,028,891 | 99.03 | 2,654,207 | 0.97 |
| Pierre J. Blouin | 269,114,480 | 98.69 | 3,568,619 | 1.31 |
| Lawrence T. Borgard | 271,746,290 | 99.66 | 936,809 | 0.34 |
| Maura J. Clark | 270,934,611 | 99.36 | 1,748,913 | 0.64 |
| Lisa Crutchfield | 270,669,603 | 99.26 | 2,013,495 | 0.74 |
| Margarita K. Dilley | 271,654,834 | 99.62 | 1,028,264 | 0.38 |
| Julie A. Dobson | 263,037,347 | 96.46 | 9,646,178 | 3.54 |
| Lisa L. Durocher | 270,768,452 | 99.30 | 1,915,072 | 0.70 |
| David G. Hutchens | 271,767,459 | 99.66 | 916,066 | 0.34 |
| Gianna M. Manes | 270,724,552 | 99.28 | 1,958,547 | 0.72 |
| Don R. Marchand | 271,294,085 | 99.49 | 1,389,013 | 0.51 |
| Jo Mark Zurel | 266,144,340 | 97.60 | 6,538,758 | 2.40 |
Appointment of Auditors
Shareholders of the Corporation approved the appointment of Deloitte LLP as the Corporation’s auditors to hold office until the close of the next Annual Meeting of Shareholders.
| # Votes For | % Votes For | # Votes Withheld | % Votes Withheld |
| 277,986,153 | 99.50 | 1,400,764 | 0.50 |
Say on Pay
Shareholders approved the non-binding advisory vote regarding the Corporation’s approach to executive compensation (“Say on Pay”).
| # Votes For | % Votes For | # Votes Against | % Votes Against |
| 251,463,179 | 92.25 | 21,122,283 | 7.75 |
Omnibus Equity Plan and Related Matters
Shareholders approved the Corporation’s omnibus equity plan and related matters.
| # Votes For | % Votes For | # Votes Against | % Votes Against |
| 259,643,309 | 95.26 | 12,933,477 | 4.74 |
About Fortis
Fortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2023 revenue of $12 billion and total assets of $68 billion as at March 31, 2024. The Corporation’s 9,600 employees serve utility customers in five Canadian provinces, ten U.S. states and three Caribbean countries.
Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com, www.sedarplus.ca, or www.sec.gov.
A .pdf version of this press release is available at: http://ml.globenewswire.com/Resource/Download/bf67405e-381b-4400-9a4c-d97e8fa29be4
For further information contact
| Investor Enquiries: Ms. Stephanie Amaimo Vice President, Investor Relations Fortis Inc. 248.946.3572 investorrelations@fortisinc.com | Media Enquiries: Ms. Karen McCarthy Vice President, Communications & Government Relations Fortis Inc. 709.737.5323 media@fortisinc.com |
