Teck Reports Voting Results from Annual and Special Meeting of Shareholders
April 26 2023 - 10:50PM
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
(“Teck”) announced today, in accordance with Toronto Stock Exchange
requirements, the voting results from its Annual and Special
Meeting of Shareholders held on Wednesday, April 26, 2023 (the
“Meeting”). A total of 6,799,078 Class A common shares and
394,856,667 Class B subordinate voting shares were voted at the
Meeting, representing 83.80% of the votes attached to all
outstanding shares.
Shareholders voted at the Meeting as follows.
1. Shareholders
elected 12 directors, as follows:
|
|
Votes in Favour (#) |
Votes Against (#) |
Votes in Favour (%) |
|
A.J. Balhuizen |
1,031,504,576 |
9,819,334 |
99.06 |
|
H.M. Conger, IV |
1,031,331,504 |
9,992,406 |
99.04 |
|
E.C. Dowling, Jr. |
1,020,365,629 |
20,958,282 |
97.99 |
|
N.B. Keevil, III |
1,027,319,464 |
14,004,447 |
98.66 |
|
T.L. McVicar |
1,027,671,595 |
13,652,313 |
98.69 |
|
S.A. Murray |
1,029,281,204 |
12,042,704 |
98.84 |
|
U.M. Power |
1,027,027,209 |
14,296,640 |
98.63 |
|
J.H. Price |
1,032,548,838 |
8,775,072 |
99.16 |
|
Y. Sagawa |
1,029,530,823 |
11,793,088 |
98.87 |
|
P.G. Schiodtz |
1,030,135,199 |
11,188,710 |
98.93 |
|
T.R. Snider |
1,017,296,771 |
24,027,139 |
97.69 |
|
S.A. Strunk |
1,022,104,226 |
19,219,682 |
98.15 |
2. Shareholders
re-appointed PricewaterhouseCoopers LLP as auditor of Teck, with
97.04% of all votes cast in favour.3. The special
resolution (the “Dual Class Amendment Resolution”) approving the
plan of arrangement under the Canada Business Corporations Act in
respect of the introduction of a six-year sunset for the multiple
voting rights attached to the Class A common shares of Teck (the
“Dual Class Amendment”), was passed by the required (a) two-thirds
of the votes cast by Class A common shareholders present or
represented by proxy at the Meeting, voting separately as a class;
(b) two-thirds of the votes cast by Class B subordinate voting
shareholders present or represented by proxy at the Meeting, voting
separately as a class; and (c) simple majority of the votes cast by
Class B subordinate voting shareholders present or represented by
proxy at the Meeting, excluding the votes attached to Class B
subordinate voting shares beneficially owned or controlled by
Temagami Mining Company Limited (“Temagami”), SMM Resources
Incorporated (“SMM”) and Dr. Norman B. Keevil (“Dr. Keevil”). The
full text of the Dual Class Amendment Resolution is set out in
Appendix “B” to Teck’s management proxy circular dated March 23,
2023 (the “Circular”). 99.95% of votes cast by Class A common
shareholders were in favour of the Dual Class Amendment Resolution,
98.25% of votes cast by Class B subordinate voting shareholders
were in favour of the Dual Class Amendment Resolution and 97.98% of
votes cast by Class B subordinate voting shareholders, excluding
the votes attached to Class B subordinate voting shares
beneficially owned or controlled by Temagami, SMM and Dr. Keevil
were in favour of the Dual Class Amendment
Resolution.4. Shareholders approved the advisory
resolution on Teck’s approach to executive compensation as
described in the Circular, with 98.10% of all votes cast in
favour.
Detailed voting results for the Meeting will be available on
SEDAR at www.sedar.com. Further information about Teck’s directors,
the Dual Class Amendment, and Teck’s corporate governance and
executive compensation practices are available in the Circular,
which is available under Teck’s profile on SEDAR (www.sedar.com)
and on EDGAR (www.sec.gov), and on www.Teck.com/reports along with
our 2022 Annual and Sustainability Reports.
About TeckAs one of Canada’s leading mining
companies, Teck is committed to responsible mining and mineral
development with major business units focused on copper, zinc, and
steelmaking coal. Copper, zinc and high-quality steelmaking coal
are required for the transition to a low-carbon world.
Headquartered in Vancouver, Canada, Teck’s shares are listed on the
Toronto Stock Exchange under the symbols TECK.A and TECK.B and the
New York Stock Exchange under the symbol TECK. Learn more about
Teck at www.teck.com or follow @TeckResources.
Investor Contact:Fraser PhillipsSenior Vice
President, Investor Relations and Strategic
Analysis604.699.4621fraser.phillips@teck.com
Media Contact:Chris Stannell Public Relations
Manager604.699.4368chris.stannell@teck.com
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