CALGARY, ALBERTA -- (Marketwired) -- 04/22/16 -- TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) held its Annual and Special Meeting of Shareholders on April 22, 2016 in Calgary, Alberta. A total of 125,730,698 common shares, representing 43.67% of the shares outstanding, were represented in person and by proxy at the meeting.
The following resolutions were approved by shareholders:
1. Election of Directors
The nine director nominees were elected by a show of hands. Proxies were received as follows:
Nominee Votes For Percent Withheld Percent ---------------------------------------------------------------------------- John P. Dielwart 118,187,887 98.00% 2,412,941 2.00% Timothy W. Faithfull 115,338,336 95.64% 5,262,492 4.36% Dawn L. Farrell 116,309,199 96.44% 4,291,629 3.56% Alan J. Fohrer 118,300,587 98.09% 2,300,241 1.91% Gordon D. Giffin 114,788,071 95.18% 5,812,757 4.82% P. Thomas Jenkins 117,831,284 97.70% 2,769,544 2.30% Yakout Mansour 118,134,448 97.95% 2,466,380 2.05% Georgia R. Nelson 117,311,342 97.27% 3,289,486 2.73% Beverlee F. Park 118,098,113 97.92% 2,502,715 2.08%
2. Appointment of Auditors
The Appointment of Ernst & Young LLP to serve as the independent auditors for 2016 was approved by a show of hands. Proxies were received as follows:
Votes For Percent Withheld Percent ---------------------------------------------------------------------------- 122,446,551 97.49% 3,147,252 2.51%
3. Continuation of Shareholder Rights Plan
The vote on the resolution to continue, ratify, confirm and approve the Shareholder Rights Plan was approved by a show of hands. Proxies were received as follows:
Votes For Percent Votes Against Percent ---------------------------------------------------------------------------- 116,856,816 96.90% 3,743,514 3.10%
4. Advisory Vote on Executive Compensation
The non-binding advisory vote to accept TransAlta's approach to executive compensation was conducted by ballot, and approved as follows:
Votes For Percent Votes Against Percent ---------------------------------------------------------------------------- 114,134,648 94.64% 6,466,180 5.36%
About TransAlta:
TransAlta is a power generation and wholesale marketing company focused on creating long-term shareholder value. TransAlta maintains a low-to-moderate risk profile by operating a highly contracted portfolio of assets in Canada, the United States and Australia. TransAlta's focus is to efficiently operate wind, hydro, solar, natural gas and coal facilities in order to provide customers with a reliable, low-cost source of power. For over 100 years, TransAlta has been a responsible operator and a proud contributor to the communities in which it works and lives. TransAlta has been recognized on CDP's Canadian Climate Disclosure Leadership Index (CDLI), which includes Canada's top 20 leading companies reporting on climate change, and has been selected by Corporate Knights as one of Canada's Top 50 Best Corporate Citizens and is recognized globally for its leadership on sustainability and corporate responsibility standards by FTSE4Good.
For more information about TransAlta, visit our web site at transalta.com, or follow us on Twitter @TransAlta.
Contacts:
TransAlta Corporation - Investor Inquiries:
Jaeson Jaman
Manager, Investor Relations
1-800-387-3598 in Canada and U.S.
investor_relations@transalta.com
TransAlta Corporation - Media Inquiries:
Stacey Hatcher
Manager, Communications
Toll-free media number: 1-855-255-9184
ta_media_relations@transalta.com
