North American Palladium Reports Voting Results From 2014 Annual & Special Meeting of Shareholders
TORONTO, ONTARIO--(Marketwired - Jun 24, 2014) - North American Palladium Ltd. ("NAP" or the "Company") (PDL.TO)(NYSE MKT:PAL) released today the final voting results of its 2013 Annual and Special Meeting of Shareholders ("AGM") held on June 23, 2014 in Toronto, Ontario. The following matters were voted on:
1. Election of Directors
The following six nominees were appointed as Directors of the Corporation to serve until the next annual meeting of shareholders of the Corporation, or until their successors are elected or appointed. The results were as follows:
Name of Nominee | Votes For | Percent | Votes Withheld | Percent | ||
André J. Douchane | 41,991,266 | 74.86 | % | 14,104,656 | 25.14 | % |
Alfred J. Hills | 42,431,716 | 75.64 | % | 13,664,206 | 24.36 | % |
John W. Jentz | 42,286,749 | 75.38 | % | 13,809,173 | 24.62 | % |
Robert J. Quinn | 52,894,493 | 94.29 | % | 3,201,429 | 5.71 | % |
Greg J. Van Staveren | 42,239,527 | 75.30 | % | 13,856,395 | 24.70 | % |
William J. Weymark | 52,906,036 | 94.31 | % | 3,189,886 | 5.69 | % |
2. Appointment of Auditors
KPMG LLP, were reappointed as auditors of the Corporation to hold office until the next annual meeting, and the Directors were authorized to fix their remuneration. The results were as follows:
Votes For | Percent | Votes Withheld | Percent | ||
168,545,024 | 93.63 | % | 11,470,536 | 6.37 | % |
3. Approval of Amendments to the RRSP Plan
Shareholders approved the resolution confirming and ratifying the Company's Amended RRSP Plan, the text of which resolution is set forth in Schedule B of the Management Information Circular dated May 23, 2014. The results were as follows:
Votes For | Percent | Votes Against | Percent | ||
50,768,940 | 90.50 | % | 5,326,982 | 9.50 | % |
4. Approval of Amendments to the Stock Option Plan
Shareholders approved the resolution confirming and ratifying the Company's Amended Stock Option Plan, the text of which resolution is set forth in Schedule C of the Management Information Circular dated May 23, 2014. The results were as follows:
Votes For | Percent | Votes Against | Percent | ||
50,032,238 | 89.19 | % | 6,063,684 | 10.81 | % |
5. Approval of Amendments to the Restricted Share Unit Plan
Shareholders approved the resolution confirming and ratifying the Company's Amended and Restated RSU Plan, the text of which resolution is set forth in Schedule A of the Management Information Circular dated May 23, 2014. The results were as follows:
Votes For | Percent | Votes Against | Percent | ||
49,640,055 | 88.49 | % | 6,455,867 | 11.51 | % |
6. Approval of Continuation of Rights Plan
Shareholders approved the resolution approving the continuation of the Rights Plan the text of which is set forth in Schedule D of the Management Information Circular dated May 23, 2014. The results were as follows:
Votes For | Percent | Votes Withheld | Percent | ||
49,748,647 | 88.68 | % | 6,347,275 | 11.32 | % |
The formal Report on Voting Results with respect to all matters voted upon at the AGM will be filed with the Canadian securities regulatory authorities shortly.
About North American Palladium
NAP is an established precious metals producer that has been operating its Lac des Iles mine ("LDI") located in Ontario, Canada since 1993. LDI is one of only two primary producers of palladium in the world, offering investors exposure to palladium. The Company's shares trade on the NYSE MKT under the symbol PAL and on the TSX under the symbol PDL.
