CALGARY, May 8, 2019 /CNW/ – TORC Oil & Gas Ltd. (“TORC” or the “Company”) (TSX: TOG) announces that the following matters were voted upon at the annual and special meeting of the shareholders of TORC held on May 8, 2019 in Calgary, Alberta. Each of the matters is described in greater detail in the Notice of Annual and Special Meeting of Shareholders and Information Circular – Proxy Statement dated March 26, 2019 (the “Circular”).
1. Fixing the Number of Directors
By resolution passed via ballot, the number of directors of TORC to be elected at the meeting was fixed at eight. The results of the ballot were as follows:
|
Votes For |
Votes Against |
|||||
|
# |
% |
# |
% |
|||
|
151,020,568 |
99.75 |
372,193 |
0.25 |
|||
2. Election of Directors
By resolution passed via ballot, the following eight nominees were appointed as directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed. The results of the ballot were as follows:
|
Votes For |
Votes Withheld |
|||||||
|
Nominee |
# |
% |
# |
% |
||||
|
David Johnson |
150,318,753 |
99.29 |
1,074,008 |
0.71 |
||||
|
John Brussa |
133,582,782 |
88.24 |
17,809,979 |
11.76 |
||||
|
Mary-Jo Case |
149,972,110 |
99.06 |
1,420,651 |
0.94 |
||||
|
M. Bruce Chernoff |
136,360,664 |
90.07 |
15,032,097 |
9.93 |
||||
|
John Gordon |
150,335,509 |
99.30 |
1,057,252 |
0.70 |
||||
|
Brett Herman |
150,494,043 |
99.41 |
898,718 |
0.59 |
||||
|
R. Scott Lawrence |
143,972,222 |
95.10 |
7,420,539 |
4.90 |
||||
|
Dale Shwed |
138,869,388 |
91.73 |
12,523,373 |
8.27 |
||||
3. Appointment of Auditors
By resolution passed via ballot, KPMG LLP, Chartered Professional Accountants, were appointed as auditors of the Company to hold office until the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:
|
Votes For |
Votes Withheld |
|||||
|
# |
% |
# |
% |
|||
|
151,637,882 |
99.86 |
215,752 |
0.14 |
|||
4. Non-Binding Advisory Resolution on TORC's approach to Executive Compensation
By resolution passed via ballot, the non-binding advisory resolution approving TORC's approach to executive compensation was approved. The results of the ballot were as follows:
|
Votes For |
Votes Withheld |
|||||
|
# |
% |
# |
% |
|||
|
146,937,221 |
97.06 |
4,455,540 |
2.94 |
|||
5. Approval of Unallocated Incentive Awards Under our 2013 Share Award Incentive Plan
By ordinary resolution passed via ballot, the common shares which may be issuable pursuant to unallocated awards under the Company's share award incentive plan was approved. The results of the ballot were as follows:
|
Votes For |
Votes Withheld |
|||||
|
# |
% |
# |
% |
|||
|
145,429,252 |
96.07 |
5,956,337 |
3.93 |
|||
TORC Oil & Gas Ltd. is a Calgary based company active in the acquisition, exploration, development and production of crude oil and natural gas in Western Canada.
SOURCE TORC Oil & Gas Ltd.
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