NOVAGOLD Announces Voting Results from 2021 Annual and Special Meeting of Shareholders
May 13 2021 - 6:26PM
NOVAGOLD RESOURCES INC. (“NOVAGOLD” or the “Company”) (NYSE
American, TSX: NG) is pleased to announce the detailed voting
results on the items of business considered at its Annual and
Special Meeting of Shareholders held virtually on May 12, 2021 (the
“Meeting”). All proposals were approved and all ten director
nominees were elected. A total of 237,189,817 or 71.58% of the
Company’s issued and outstanding shares entitled to vote were
represented at the Meeting.
Shareholder Engagement
During this year’s proxy outreach, NOVAGOLD engaged with
shareholders owning 40,000 shares or more; thus contacting holders
of approximately 90% 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 practices in the area of corporate governance.
Shareholder Voting Results
The Shareholders voted on the following matters at this year’s
Meeting:
Proposal 1 – 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 1 |
Outcome of theVote |
Votes by
Ballot |
Election of Directors |
For |
Withheld |
Dr. Elaine Dorward-King |
Carried |
205,642,112(94.71%) |
11,471,114(5.28%) |
Sharon Dowdall |
Carried |
215,042,413(99.04%) |
2,070,813(0.95%) |
Dr. Diane Garrett |
Carried |
215,636,682(99.31%) |
1,476,544(0.68%) |
Dr. Thomas Kaplan |
Carried |
215,361,591(99.19%) |
1,751,635(0.80%) |
Gregory Lang |
Carried |
216,325,254(99.63%) |
787,972(0.36%) |
Igor Levental |
Carried |
213,776,468(98.46%) |
3,336,758(1.53%) |
Kalidas Madhavpeddi |
Carried |
212,681,016(97.95%) |
4,432,210(2.04%) |
Clynton Nauman |
Carried |
214,523,577(98.80%) |
2,589,649(1.19%) |
Ethan Schutt |
Carried |
215,639,976(99.32%) |
1,473,250(0.67%) |
Anthony Walsh |
Carried |
216,098,688(99.53%) |
1,014,538(0.46%) |
Proposal 2 – Appointment of Auditors
The vote was carried for the Appointment of the Auditors,
PricewaterhouseCoopers LLP. The votes cast were as follows:
For |
234,513,131 |
98.87% |
Withheld |
2,676,686 |
1.12% |
Proposal 3 – Approval of Amendments to the Company’s
Articles.
The vote was carried on the amendments to Articles. The votes
cast were as follows:
For |
214,920,464 |
98.99% |
Against |
1,600,712 |
0.73% |
Abstentions |
592,050 |
0.27% |
Proposal 4: Advisory Approval of Executive Compensation
(“Say-on-Pay”)
The vote was carried on the Say-On-Pay Advisory Vote. The votes
cast were as follows:
For |
209,570,570 |
96.52% |
Against |
6,849,714 |
3.15% |
Abstentions |
692,942 |
0.31% |
Full details of all proposals are fully described in the
Company’s Management Information Circular dated March 25, 2021
available on the Company’s website at
www.novagold.com/investors/mic/, on SEDAR at www.sedar.com, and on
EDGAR at www.sec.gov, and the detailed results of voting on each
proposal are included in the Report of Voting Results filed on
SEDAR and in an 8-K filed on EDGAR.
A recording of the Meeting will be available on NOVAGOLD’s
website for one year under Presentations.
NOVAGOLD Contacts:Mélanie HennesseyVice
President, Corporate Communications
Jason MercierManager, Investor Relations
604-669-6227 or 1-866-669-6227
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