CALGARY, ALBERTA -- (Marketwired) -- 06/24/16 -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE MKT: GTE)(TSX: GTE) today announces the voting results from its annual meeting of stockholders held on June 23, 2016.
Stockholders elected all seven individuals nominated by Gran Tierra. In addition, stockholders voted "FOR" the approval, on an advisory basis, of the compensation of Gran Tierra's named executive officers, "FOR" the ratification of the appointment of Deloitte LLP as Gran Tierra's independent registered public accounting firm for 2016 and "FOR" the proposal to approve a change in the Company's state of incorporation from the State of Nevada to the State of Delaware, pursuant to a plan of conversion. The detailed results of the vote are as follows:
Proposal 1 - Election of Directors For Against Abstain Non Votes ---------------------------------------------------------------------------- Peter Dey 160,345,342 23,275,723 1,095,308 33,071,468 Gary S. Guidry 182,721,045 1,831,800 163,528 33,071,468 Evan Hazell 183,980,504 533,700 202,169 33,071,468 Robert B. Hodgins 180,294,285 4,256,391 165,697 33,071,468 Ronald Royal 184,003,308 547,997 165,068 33,071,468 David P. Smith 184,030,276 526,038 160,059 33,071,468 Brooke Wade 180,497,647 4,053,315 165,411 33,071,468 Proposal 2 For Against Abstain Non Votes ---------------------------------------------------------------------------- Advisory vote on Executive Compensation 93,638,523 86,746,948 4,330,902 33,071,468 Proposal 3 For Against Abstain Non Votes ---------------------------------------------------------------------------- Ratification of Appointment of the Independent Registered Public Accounting Firm 216,418,067 1,199,402 162,750 0 Proposal 4 For Against Abstain Non Votes ---------------------------------------------------------------------------- Change in the Company's State of Incorporation 184,136,737 452,069 127,567 33,071,468
The Board acknowledges the level of support received for the executive compensation proposal put forth in Gran Tierra's Proxy Statement.
About Gran Tierra Energy Inc.
Gran Tierra Energy Inc. together with its subsidiaries is an independent international energy company focused on oil and natural gas exploration and production in Colombia. The Company also has business activities in Peru and Brazil.
Gran Tierra's Securities and Exchange Commission filings are available on a web site maintained by the Securities and Exchange Commission at www.sec.gov and on SEDAR at www.sedar.com.
Contacts:
Gran Tierra Energy Inc.
Gary Guidry
Chief Executive Officer
403-767-6500
Gran Tierra Energy Inc.
Ryan Ellson
Chief Financial Officer
403-767-6501
Gran Tierra Energy Inc.
Rodger Trimble
Vice President, Investor Relations
403-698-7941
info@grantierra.com
