CP announces results of Annual Meeting of Shareholders and director elections

News provided by

Canadian Pacific

Apr 20, 2016, 18:14 ET

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

Media: Martin Cej, 24/7 Media Pager: 855-242-3674, [email protected]; Investment Community: Nadeem Velani, 403-319-3591, [email protected]

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Canadian Pacific

Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing...