TORONTO, April 20, 2016 /CNW/ - Canadian Pacific
Railway Limited (TSX: CP) (NYSE: CP) announces the results of its
2016 annual meeting (AGM) held in Toronto earlier today, including the election
of all nine nominees listed in the management proxy circular dated
February 29, 2016.
CP's non-binding advisory vote on executive compensation
(Say-on-Pay) was narrowly defeated 50.1 percent to 49.9 percent.
Although this Say-on-Pay vote is an advisory vote and the results
are not binding upon the Board, the Board will take into account
the results of this vote, together with other shareholder feedback
and best practices in compensation and governance.
All other motions passed.
The detailed results of the vote by ballot on the election of
directors are as follows:
|
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
|
William A.
Ackman
|
107,758,301
|
99.4%
|
671,069
|
0.6%
|
|
Hon. John
Baird
|
104,597,069
|
96.5%
|
3,832,304
|
3.5%
|
|
Isabelle
Courville
|
102,378,186
|
94.4%
|
6,051,187
|
5.6%
|
|
Keith E.
Creel
|
106,244,007
|
98%
|
2,185,366
|
2.0%
|
|
E. Hunter
Harrison
|
104,741,877
|
96.6%
|
3,687,495
|
3.4%
|
|
Rebecca
MacDonald
|
104,488,250
|
96.4%
|
3,941,123
|
3.6%
|
|
Anthony R.
Melman
|
108,081,089
|
99.7%
|
348,284
|
0.3%
|
|
Matthew H.
Paull
|
108,140,267
|
99.7%
|
289,106
|
0.3%
|
|
Andrew F.
Reardon
|
108,152,036
|
99.7%
|
277,337
|
0.3%
|
Final voting results on all matters voted on at the AGM will be
filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov).
About Canadian Pacific
Canadian Pacific
(TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the
United States with direct links to eight major ports,
including Vancouver and
Montreal, providing North American
customers a competitive rail service with access to key markets in
every corner of the globe. CP is growing with its customers,
offering a suite of freight transportation services, logistics
solutions and supply chain expertise. Visit cpr.ca to see the rail
advantages of Canadian Pacific.
SOURCE Canadian Pacific