CALGARY, Alberta, May 11, 2023 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision” or the “Company”) is pleased to announce the results of the election of directors at its 2023 Annual General Meeting on May 11, 2023 (the “Annual Meeting”). Shareholders approved the election of all 8 (including 7 independent) of the nominee directors presented in the Company’s management information circular (the “Circular”) dated March 29, 2023.
The shares represented at the annual meeting that voted for each nominee director are as follows:
| nominated | # Vote for | % Vote for | # Voices held back |
% Voices held back |
|
| Michael R Culbert | 5,978,402 | 87.60 | 845,985 | 12.40 | |
| William T Donovan | 5,596,491 | 82.01 | 1,227,896 | 17.99 | |
| Steven W Krablin | 5,562,612 | 81.51 | 1,261,775 | 18.49 | |
| Lori A Lancaster | 6.109.265 | 89.52 | 715.122 | 10.48 | |
| Susan M. MacKenzie | 5,336,522 | 78.20 | 1,487,865 | 21.80 | |
| Kevin O Meyers | 5,582,996 | 81.81 | 1,241,391 | 18.19 | |
| David W Williams | 5,976,382 | 87.57 | 848,005 | 12.43 | |
| Kevin A Neveu | 6,027,384 | 88.32 | 797,003 | 11.68 | |
All other business items set out in the circular and discussed at the Annual Meeting were approved, including the non-binding consultative vote on the Company’s approach to executive compensation.
The full results of all matters voted on at the meeting will be filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov).
About precision
Precision is a leading provider of safe and environmentally friendly products High performance, high value Services for the energy industry and offer customers access to an extensive fleet of super series oil rigs. Precision has commercialized an industry-leading digital technology portfolio called Alpha™ that uses advanced automation software and analytics to generate efficient, predictable and repeatable results for energy customers. Our drilling services are enhanced with our EverGreen™ environmental solutions package, which demonstrates our commitment to reducing the environmental impact of our operations. In addition, precision is…
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