NOVAGOLD Announces Election of Directors and Voting Results from 2022 Virtual Annual General Meeting of Shareholders
- A total of 277,994,591 or 83.43% of the Company’s issued and outstanding shares were represented at the Meeting
- All four proposals to shareholders were approved, including the election of all eleven director nominees;
Kevin McArthur joins the Board - During the 2022 proxy season, NOVAGOLD placed outreach calls to shareholders holding approximately 86% of the Company’s issued and outstanding common shares entitled to vote
The Company is also pleased to report the election of
Shareholder Engagement
During this year’s proxy outreach, NOVAGOLD engaged with shareholders owning 40,000-plus shares; thus contacting holders of approximately 86% of the Company’s issued and outstanding common shares entitled to vote at the Meeting. Year-over-year the input received from shareholders has helped shape and improve the Company’s corporate governance practices.
Shareholder Voting Results
The Shareholders voted on the following matters at this year’s Meeting:
Proposal 1 – Setting the Number of Directors
The vote was carried to set the number of Directors at eleven. The votes received by ballot were as follows:
Votes For | 274,603,519 | 98.78% | |||
Votes Against | 2,759,148 | 0.99% | |||
Abstentions | 631,924 | 0.22% |
Proposal 2 – Election of Directors
The nominees listed in NOVAGOLD’s Management Information Circular were elected as Directors of the Company. Detailed results of the votes are set out below:
Proposal 2 | Outcome of the Vote | Votes by Ballot | |
Election of Directors | Votes For | Votes Withheld | |
Dr. | Carried | 257,097,146 (98.70%) | 3,380,588 (1.29%) |
Carried | 252,857,047 (97.07%) | 7,620,687 (2.92%) | |
Dr. | Carried | 258,169,285 (99.11%) | 2,308,449 (0.88%) |
Dr. | Carried | 258,809,101 (99.35%) | 1,668,633 (0.64%) |
Carried | 259,660,658 (99.68%) | 817,076 (0.31%) | |
Carried | 256,598,064 (98.51%) | 3,879,670 (1.48%) | |
Kalidas Madhavpeddi | Carried | 245,264,836 (94.15%) | 15,212,898 (5.84%) |
Carried | 259,610,343 (99.66%) | 867,391 (0.33%) | |
Carried | 257,175,544 (98.73%) | 3,302,190 (1.26%) | |
Carried | 258,124,301 (99.09%) | 2,353,433 (0.90%) | |
Carried | 255,393,306 (98.04%) | 5,084,428 (1.95%) |
Proposal 3 – Appointment of Auditors
The vote was carried for the Appointment of the Auditors, PricewaterhouseCoopers LLP. The votes received by ballot were as follows:
Votes For | 274,381,861 | 98.70% | |||
Votes Withheld | 3,612,730 | 1.29% |
Proposal 4 – Advisory Approval of Executive Compensation (“Say-on-Pay”)
The vote was carried on the Say-On-Pay Advisory Vote. The votes received by ballot were as follows:
Votes For | 248,235,710 | 95.30% | |||
Votes Against | 10,953,539 | 4.20% | |||
Abstentions | 1,288,485 | 0.49% |
Full details of all proposals are fully described in the Company’s Management Information Circular dated
Following the Meeting, the Board dissolved the Environment, Health, Safety, Sustainability and Technical Committee and two committees were created in its place: the Engineering and Technical Committee and the Sustainability Committee. The Board appointed
The Annual General Meeting of Shareholders webcast and corporate presentation is available on NOVAGOLD’s website under Presentations.
NOVAGOLD Contacts:
Mélanie Hennessey
Vice President, Corporate Communications
Manager, Communications
604-669-6227 or 1-866-669-6227
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Source: NOVAGOLD RESOURCES INC. (NG)