Unocal Stockholders Elect Directors, Vote on Other Proposals at 2005 Annual Meeting
May 24 2005 - 10:05AM
PR Newswire (US)
Unocal Stockholders Elect Directors, Vote on Other Proposals at
2005 Annual Meeting EL SEGUNDO, Calif., May 24
/PRNewswire-FirstCall/ -- Unocal Corporation (NYSE:UCL) today
announced the final voting results from its 2005 annual meeting of
stockholders held on May 23. The company's stockholders approved
the two company proposals on the agenda for the meeting and
rejected a stockholder proposal presented at the meeting. The
voting results of the three items of business conducted at the
meeting are as follows (percentages and numbers of shares voted are
approximate numbers): Item 1 -- four directors were elected for
three-year terms expiring in 2008, with 97.11% of the shares voting
for Craig Arnold (235,858,287 FOR votes and 7,019,783 WITHHOLD
votes), 97.16% of the shares voting for James W. Crownover
(235.981,853 FOR votes and 6,896,217 WITHHOLD votes), 97.0% of the
shares voting for Donald B. Rice (235,583,875 FOR votes and
7,294,195 WITHHOLD votes), 97.12% of the shares voting for Mark A.
Suwyn (235,879,608 FOR votes and 6,998,462 WITHHOLD votes; Item 2
-- the appointment of PricewaterhouseCoopers LLP as the company's
independent auditors for 2005 was ratified, with 98.34% of the
shares voting for ratification (238,759,878 FOR votes, 2,456,889
AGAINST votes and 1,571,304 ABSTAIN votes); and Item 3 -- a
stockholder proposal regarding the requirement that the chairman of
the board be an independent director who has not previously served
as an executive officer of Unocal was rejected, with only 11.29% of
the shares voting in favor of this proposal (23,550,182 FOR votes,
182,821,266 AGAINST votes and 2,216,143 ABSTAIN votes). Additional
information about each of these proposals can be found in the
company's proxy statement for the annual meeting, which was mailed
to stockholders and filed with the U.S. Securities and Exchange
Commission. About Unocal Corporation Unocal is one of the world's
leading independent natural gas and crude oil exploration and
production companies. The company's principal oil and gas
activities are in North America and Asia. For more information
about Unocal, visit the company's web site at
http://www.unocal.com/. DATASOURCE: Unocal Corporation CONTACT:
media, Barry Lane, +1-310-726-7731, or investors, Robert Wright,
+1-310-726-7665, both of Unocal Corporation Web site:
http://www.unocal.com/
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