Superior Plus Corp. (“Superior Plus” or “the Company”) (TSX:SPB) held its annual and special meeting of shareholders on May 13, 2025 virtually (the “Meeting”) and is pleased to announce that all resolutions voted upon were approved. Pursuant to the requirements of the Toronto Stock Exchange, Superior is issuing this news release to summarize the voting results in respect of the Meeting.
A total of 134,424,278 shares of the Company (“Shares”) comprised of 104,421,441 Common Shares and 30,002,837 Series 1 Special Voting Preferred Shares representing approximately 51.28% of the votes attached to all outstanding Shares, were present or represented by proxy at the Meeting.
Each of the 10 director nominees of the Company listed in the management information circular of the Company dated March 25, 2025 were elected by ordinary resolution passed by a vote of the holders of Shares conducted by ballot at the Meeting as follows:
|
Nominee
|
Votes For
|
Votes Against
|
|
Number
|
Percentage
|
Number
|
Percentage
|
|
Catherine M. Best
|
123,988,943
|
93.53%
|
8,574,492
|
6.47%
|
|
Jean Paul (J.P.) Gladu
|
128,970,939
|
97.29%
|
3,592,496
|
2.71%
|
|
Patrick E. Gottschalk
|
127,952,759
|
96.52%
|
4,610,676
|
3.48%
|
|
Jennifer M. Grigsby
|
127,788,890
|
96.40%
|
4,774,545
|
3.60%
|
|
Michael J. Horowitz
|
124,288,719
|
93.76%
|
8,274,716
|
6.24%
|
|
Calvin B. Jacober
|
124,017,671
|
93.55%
|
8,545,764
|
6.45%
|
|
Allan A. MacDonald
|
127,384,946
|
96.09%
|
5,178,489
|
3.91%
|
|
Laura L. Schwinn
|
129,270,531
|
97.52%
|
3,292,904
|
2.48%
|
|
David P. Smith
|
120,413,372
|
90.83%
|
12,150,063
|
9.17%
|
|
William T. Yardley
|
129,090,346
|
97.38%
|
3,473,089
|
2.62%
|
Shareholders also approved an ordinary resolution appointing Ernst & Young LLP as the Company’s auditors (99.38%), approved an ordinary resolution approving a new stock option plan for the Company (93.45%), approved a special resolution reducing the stated capital account maintained in respect of the Common Shares to Cdn$5 per share (99.04%) and approved a non-binding advisory vote regarding the Company’s approach to executive compensation (92.09%).
About Superior Plus
Superior Plus is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 750,000 customers in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior Plus safely delivers low carbon1 fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior Plus is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.
1 Superior Plus defines ‘low carbon’ and ‘lower carbon’ fuels as those with a lower carbon intensity than fossil fuels that may be utilized in the same application (e.g. diesel, gasoline).
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