Precision Drilling Corporation Announces Voting Results from the 2024 Annual and Special Meetings of Stockholders - Latest Global News

Precision Drilling Corporation Announces Voting Results from the 2024 Annual and Special Meetings of Stockholders

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CALGARY, Alberta, May 16, 2024 (GLOBE NEWSWIRE) — Precision Drilling Corporation (precision or the Pursue) is pleased to announce the results of the election of directors at its 2024 Annual and Special Meeting of Stockholders, held on May 16, 2024 (the Annual meeting). Shareholders approved the election of all eight (seven independent) nominee directors listed in the Company’s Management Information Circular (the). Circular), dated April 3, 2024.

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The shares represented at the annual meeting that voted for each director nominee are as follows:

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Nominated

# Vote for

% Vote for

# Votes withheld

% votes withheld

William T. Donovan 7,926,016 98.58 114,578 1.42
Steven W. Krablin 7,360,243 91.54 680,351 8.46
Lori A. Lancaster 7,924,950 98.56 115,644 1.44
Susan M MacKenzie 7,901,897 98.28 138,697 1.72
Kevin O. Meyers 7,452,216 92.68 588,378 7.32
David W. Williams 7,944,654 98.81 95,940 1.19
Alice L. Wong 7,529,780 93.65 510,814 6.35
Kevin A. Nephew 7,963,039 99.04 77,555 0.96

All other items of business set out in the circular and discussed at the annual meeting were adopted, including the non-binding advisory vote on the Company’s approach to executive compensation.

Michael R. Culbert has decided to retire from our Board of Directors after serving as a Director since 2017. We thank Mr. Culbert for his dedicated service and his many contributions as Director over the years. We are also pleased to welcome Alice L. Wong to the Company’s Board of Directors. Alice has more than 35 years of diverse experience in the nuclear fuel industry and is currently Senior Vice President and Chief Corporate Officer at Cameco. She brings a wealth of experience and knowledge that will enrich Precision’s existing Board of Directors.

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Complete results of all matters voted on at the Annual Meeting will be posted on SEDAR (www.sedarplus.ca) 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 AlphaTM that leverages advanced automation software and analytics to generate efficient, predictable and repeatable results for energy customers. Our drilling services are expanded by our EverGreenTM Suite of environmental solutions that underlines our commitment to reducing the environmental impact of our operations. Additionally, Precision offers well-maintained rigs, camps and rental equipment, all supported by a comprehensive mix of technical support and qualified, experienced personnel.

Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS”.

Further information

For more information about Precision, please visit our website at www.precisiondrilling.com or contact:

Lavonne Zdunich, CPA, CA
Vice President, Investor Relations
403.716.4500

800, 525 – 8th Avenue SW
Calgary, Alberta, Canada T2P 1G1
Website: www.precisiondrilling.com

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