EX-99.1 2 exhibit99_1.htm EXHIBIT 99.1 exhibit99_1.htm


Exhibit 99.1
 
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PRESS RELEASE

CRESCENT POINT ENERGY SHAREHOLDERS APPROVE ALL RESOLUTIONS AT ANNUAL MEETING OF SHAREHOLDERS
 
May 7, 2015 CALGARY, ALBERTA. Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) held its Annual and Special Meeting of Shareholders on May 7, 2015, in Calgary. A total of 202.94 million shares, representing 45.03% of common shares, were represented in person or by proxy at the meeting.
 
During the regular business proceedings at the meeting, shareholders approved the resolutions below. For comparison, the Company has also included the voting results in favour of resolutions that were passed at last year’s Annual and Special Meeting of Shareholders, which had approximately 50.60% of common shares represented in person or by proxy.
 
 
1.  Fixing Number of Directors
 
The appointment of eight board members for the ensuing year was approved by a show of hands. Proxies and in-person votes were received as follows:
 
Votes For
Percent
Against
Percent
2014 Votes For
202,138,931
99.73%
554,555
0.27%
99.58%
 
 
2.  Election of Directors
 
The eight director nominees proposed by management were elected by a show of hands. Proxies and in-person votes were received as follows:
 
Nominee
Votes For
Percent
Withheld
Percent
2014 Votes For
Rene Amirault
194,766,233
99.57%
847,565
0.43%
99.71%
Peter Bannister
195,017,096
99.69%
596,675
0.31%
99.78%
Laura Cillis
195,336,288
99.86%
277,510
0.14%
N/A
D. Hugh Gillard
195,024,399
99.70%
589,399
0.30%
94.95%
Robert F. Heinemann
195,031,463
99.70%
582,308
0.30%
99.79%
Gerald A. Romanzin
194,890,920
99.63%
722,878
0.37%
95.17%
Scott Saxberg
195,145,917
99.76%
467,881
0.24%
99.80%
Gregory G. Turnbull, QC
149,694,161
76.53%
45,919,637
23.47%
70.09%
 

 
 
 
 

 
 
3.  Appointment of Auditors
 
The appointment of PricewaterhouseCoopers LLP as Crescent Point’s auditors was approved by a show of hands. Proxies and in-person votes were received as follows:
 
Votes For
Percent
Withheld
Percent
2014 Votes For
202,256,033
99.76%
493,988
0.24%
98.96%
 
 
4.  Amendment to the Restricted Share Bonus Plan
 
The amendment to the restricted share bonus plan was approved by ballot. Proxies and in-person votes were received as follows:
 
Votes For
Percent
Against
Percent
2014 Votes For
174,687,935
89.30%
20,925,861
10.70%
N/A
 
 
5.  Advisory Vote on Executive Compensation
 
The resolution to accept the Company’s approach to executive compensation, the full text of which is set forth in the Information Circular, was approved by a show of hands. Proxies and in-person votes were received as follows:
 
Votes For
Percent
Against
Percent
2014 Votes For
190,380,135
97.32%
5,233,661
2.68%
56.67%

 
“In early 2014, we initiated a review of our executive compensation, including retaining an independent compensation expert. Although the majority of shareholders subsequently voted in favour of the previous compensation plan, a significant amount of shareholders did not. We then invited all major shareholders into a dialogue to provide feedback. We are very pleased that the revised compensation plan, including a new long-term incentive plan based on a rolling three-year historical performance, has been so well-received by our shareholders,” said Hugh Gillard, the chair of Crescent Point’s compensation committee.
 
The biographies of Crescent Point’s board members and more details about the Company’s corporate governance practices are available on www.crescentpointenergy.com.
 
Crescent Point is one of Canada’s largest light and medium oil producers, with an annual dividend of CDN$2.76 per common share.
 
CRESCENT POINT ENERGY CORP.

Scott Saxberg,
President and Chief Executive Officer

FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE CONTACT:

Greg Tisdale, Chief Financial Officer, or Trent Stangl, Vice President Marketing and Investor Relations.

Telephone: (403) 693-0020                                                       Toll-free (U.S. & Canada): 888-693-0020
Fax:              (403) 693-0070                                                       Website: www.crescentpointenergy.com
 
 
 

 
 
Crescent Point shares are traded on the Toronto Stock Exchange and the New York Stock Exchange, both under the symbol CPG.

Crescent Point Energy Corp.
Suite 2000, 585-8th Avenue S.W.
Calgary, Alberta T2P 1G1