Teck Resources Limited Voting Results from Annual Meeting
Vancouver, Canada – Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) conducted its Annual Meeting of Shareholders recently, announcing significant outcomes that shape the company's governance. This meeting was pivotal as it showcased shareholder engagement and decision-making regarding the future direction of the company.
Election of Directors
The shareholders of Teck voted to elect 11 directors who are crucial for steering the company's vision and strategic objectives. The results revealed overwhelming support for the nominated individuals, highlighting shareholder confidence in their leadership capabilities.
A.J. Balhuizen
A.J. Balhuizen received 988,246,034 votes in favor, signifying a 99.81% approval rate. His experience is vital as Teck continues to strengthen its position in the mining industry.
J.K. Gowans
With 977,858,085 votes cast in favor, J.K. Gowans reflects a solid approval rate of 98.76%. His expertise will be essential as the company navigates its growth strategies.
N.B. Keevil, III
N.B. Keevil, III earned a vote of confidence with 986,832,768 in favor, translating to a 99.67% approval. His leadership experience is crucial for Teck’s continued innovation.
C.E. McLeod-Seltzer
C.E. McLeod-Seltzer garnered 981,328,907 votes, reflecting a 99.11% favorable response from shareholders, underscoring his commitment to responsible resource management.
S.A. Murray
With 987,172,872 votes in favor, S.A. Murray highlights a resounding 99.70% approval, reinforcing the importance of his role in driving operational success.
U.M. Power
U.M. Power received 981,187,600 supportive votes, showcasing a 99.10% approval rate, vital for the company’s sustainability initiatives.
J.H. Price
J.H. Price achieved 988,425,489 favorable votes, a 99.83% approval indicating strong support for his strategic insights.
P.G. Schiodtz
P.G. Schiodtz secured 978,001,747 votes, with 98.78% in favor, emphasizing shareholder trust in his expertise.
T.R. Snider
T.R. Snider received 984,657,051 votes, representing a 99.45% approval, essential for advancing corporate governance.
S.A. Strunk
S.A. Strunk achieved 958,817,924 supportive votes, reflecting a 96.84% approval rate, highlighting shareholder backing for his contributions.
Y. Yamato
Finally, Y. Yamato received an impressive 988,557,385 votes, equating to a 99.84% approval, marking a strong endorsement of his leadership.
Appointment of Audit Firm
In an important move for transparency, shareholders re-appointed PricewaterhouseCoopers LLP as the auditor for Teck, with an excellent 96.23% approval. This decision is indicative of Teck’s commitment to uphold high standards of financial reporting and corporate governance.
Executive Compensation Resolution
Shareholders also endorsed the advisory resolution regarding Teck’s approach to executive compensation, with a notable 98.46% of votes in favor. This strong support reflects shareholder confidence in the company’s practices and transparency in executive pay structures.
About Teck Resources Limited
Teck Resources Limited is a prominent Canadian resource enterprise dedicated to providing the metals essential for both economic growth and the transition to cleaner energy solutions. The company operates premier copper and zinc operations across North and South America, boasting a robust copper growth pipeline that is essential for the future. By focusing on responsible growth and maintaining strong stakeholder trust, Teck aims to create substantial value while ensuring environmental sustainability.
Investor and Media Contacts
Investor Contact:
Ellen Lai
Coordinator, Investor Relations
604.699.4257
ellen.lai@teck.com
Media Contact:
Dale Steeves
Director, External Communications
236.987.7405
dale.steeves@teck.com
Frequently Asked Questions
What were the main outcomes of Teck's recent shareholder meeting?
The shareholder meeting resulted in the election of 11 directors, the reappointment of the auditor, and approval of the executive compensation resolution.
Who is A.J. Balhuizen?
A.J. Balhuizen is one of the directors elected at the shareholder meeting, receiving an overwhelming majority of support.
What percentage of votes supported the executive compensation advisory resolution?
The advisory resolution on executive compensation received 98.46% approval from shareholders.
Who was reappointed as the auditor for Teck?
PricewaterhouseCoopers LLP was reappointed as Teck's auditor with 96.23% of votes in favor.
How does Teck prioritize sustainability?
Teck focuses on responsible growth and has a strong emphasis on sustainability in its operations and business practices.
