Precision Drilling Corporation Announces 2023 Voting Results…

Precision Drilling Corporation Announces 2023 Voting Results…

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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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