CALGARY, May 8, 2017 /CNW/ - Pembina Pipeline Corporation
("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) reported the
voting results from its annual meeting of shareholders held
May 5, 2017 in Calgary, Alberta (the "Meeting"). Each of the
matters voted upon at the Meeting is discussed in detail in the
Company's Management Information Circular dated March 16, 2017 (the "Information Circular") and
is available on the Company's website under "Investor Centre –
Shareholder Information" at www.pembina.com.
A total of 234,196,057 common shares representing 58.56
percent of the Company's issued and outstanding shares were voted
in person and by proxy in connection with the Meeting. The voting
results for each matter presented at the Meeting are provided
below:
1. Election of
Directors
The following ten nominees were appointed as directors of
Pembina to serve until the next
annual meeting of shareholders of the Company, or until their
successors are elected or appointed:
Nominee
|
|
Votes in
Favour
|
|
Votes
Withheld
|
|
|
Percentage
|
Number
|
|
Percentage
|
Number
|
Anne-Marie N.
Ainsworth
|
|
99.62%
|
210,809,796
|
|
0.38%
|
812,638
|
Michael H.
Dilger
|
|
99.26%
|
210,052,731
|
|
0.74%
|
1,569,703
|
Randall J.
Findlay
|
|
99.10%
|
209,718,712
|
|
0.90%
|
1,903,722
|
Lorne B.
Gordon
|
|
98.49%
|
208,424,388
|
|
1.51%
|
3,198,046
|
Gordon J.
Kerr
|
|
99.11%
|
209,736,109
|
|
0.89%
|
1,886,325
|
David M.B.
LeGresley
|
|
99.04%
|
209,581,641
|
|
0.96%
|
2,040,793
|
Robert B.
Michaleski
|
|
99.23%
|
210,001,822
|
|
0.77%
|
1,620,612
|
Leslie A.
O'Donoghue
|
|
98.83%
|
209,136,095
|
|
1.17%
|
2,486,339
|
Bruce D.
Rubin
|
|
99.57%
|
210,713,636
|
|
0.43%
|
908,798
|
Jeffrey T.
Smith
|
|
98.53%
|
208,510,204
|
|
1.47%
|
3,112,230
|
2. Appointment of
Auditors
KPMG LLP, Chartered Accountants, were appointed to serve as the
auditors of the Company until the close of the next annual meeting,
at remuneration to be fixed by the directors on the recommendation
of the Audit Committee.
3. Approve an increase to
the number of shares reserved for issuance under the stock option
plan
An ordinary resolution to reserve an additional 15,000,000
common shares of Pembina for issuance under the stock option plan
of Pembina, as set out in the
Information Circular, was approved with an approximate 88.57
percent of votes case in favour.
4. Acceptance of
Company's Approach to Executive Compensation
On an advisory basis and not to diminish the role and
responsibility of the board of directors, the approach to executive
compensation disclosed in the Information Circular was approved
with an approximate 96.29 percent of votes cast in favour.
Additional details in respect the Meeting's voting results can
be found on Pembina's profile at
www.sedar.com and www.sec.gov.
Appointment of New Board Member
Pembina also announced today
that Mr. Grant Billing did not stand
for re-election and that Mr. Bruce D.
Rubin has been appointed to the Board effective May 5, 2017.
"On behalf of Pembina's Board
and management, I would like to thank Mr. Billing for his
dedication and significant contributions to the Company and the
Board," said Randall Findlay, Chair
of the Board of Directors. "We have been fortunate to work with
someone of Grant's calibre and wish him continued success in his
future endeavors."
Mr. Findlay added: "I am pleased to welcome Mr. Rubin to the
Board of Directors during this period of transformational growth
for Pembina. Bruce brings
value-added diversity of knowledge, expertise and experience to the
Board, particularly with respect to the petrochemical and
polypropylene industries. We believe his demonstrated and relevant
industry experience and strategic acumen will further support our
strategy to deliver long-term, sustainable value to our
shareholders through operational excellence, strong governance and
continued growth."
Mr. Rubin is an independent businessman with over 38 years of
experience, including various executive and advisory positions and
board memberships in the energy, refining and petrochemical
sectors. He served as the CEO of Sunoco Chemicals and was a Senior
Vice President of Sunoco Inc., from 2008 until 2010, and held
various other executive positions during a 32-year career with that
company. Mr. Rubin was Braskem America's first CEO, and he served
with Braskem America in an executive capacity from 2010 until 2013.
He served on the board of directors of Sylvatex Inc. from 2012 to
2016, and currently serves on the board of DISA Global Solutions.
He is also currently an advisor for Sylvatex Inc. Mr. Rubin has a
Master of Business Administration Degree from Widener University as well as a Bachelor of Science
degree in Chemical Engineering from the University of Pennsylvania.
Mr. Rubin's appointment includes serving on the Board's Audit
Committee and Health, Safety & Environment Committee. Committee
charters and Mr. Rubin's full biography can be found at
www.pembina.com.
About Pembina
Calgary-based Pembina Pipeline
Corporation is a leading transportation and midstream service
provider that has been serving North
America's energy industry for over 60 years. Pembina owns and operates an integrated system
of pipelines that transport various products derived from natural
gas and hydrocarbon liquids produced in western Canada and North
Dakota. The Company also owns and operates gas gathering and
processing facilities and an oil and natural gas liquids
infrastructure and logistics business. Pembina's integrated assets and commercial
operations along the majority of the hydrocarbon value chain allow
it to offer a full spectrum of midstream and marketing services to
the energy sector. Pembina is
committed to working with its community and aboriginal neighbours,
while providing value for investors in a safe, environmentally
responsible manner. This balanced approach to operating ensures the
trust Pembina builds among all of
its stakeholders is sustainable over the long-term. Pembina's common shares trade on the
Toronto and New York stock exchanges under PPL and PBA,
respectively. For more information, visit www.pembina.com.
SOURCE Pembina Pipeline Corporation