Hydro One Ltd 6-K, filed May 8, 2020
Hydro One Ltd (HRNNF)
About this 6-K
Hydro One Ltd filed this 6-K on May 8, 2020.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of: May 2020
Commission File Number: 333-225519-01
HYDRO ONE LIMITED
(Translation of Registrant’s name into English)
483 Bay Street, South, 8th Floor, Toronto Ontario M5G 2P5 Canada
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| HYDRO ONE LIMITED | ||
| /s/ Paul Harricks | ||
| Name: Paul Harricks | ||
| Title: EVP and Chief Legal Officer | ||
| Date: May 8, 2020 | ||
EXHIBIT INDEX
| 99.1 | Press Release dated May 8, 2020. | |
| 99.2 | Report of Voting Results dated May 8, 2020. | |
Exhibit 99.1
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Hydro One Limited Announces Voting Results from Annual Meeting of Shareholders
TORONTO, May 8, 2020 – Hydro One Limited (Hydro One) (TSX: H), in accordance with Toronto Stock Exchange requirements, announced the voting results from its virtual Annual Meeting of Shareholders (AGM) held on May 8, 2020.
A total of 496,414,358 shares representing 83.14% of Hydro One’s issued and outstanding common shares were voted in connection with the meeting. Shareholders voted in favour of all items of business put forth at the meeting as follows:
Election of Directors:
Each of the 10 director nominees listed in the information circular for the 2020 AGM were elected as directors of Hydro One to serve until the next annual meeting of shareholders of the company or until their successors are elected or appointed:
| Director |
Votes For (percent) | Votes Withheld (percent) | ||
| Cherie Brant |
99.92% | 0.08% | ||
| Blair Cowper-Smith |
99.91% | 0.09% | ||
| David Hay |
99.92% | 0.08% | ||
| Timothy Hodgson |
99.91% | 0.09% | ||
| Jessica McDonald |
99.85% | 0.15% | ||
| Mark Poweska |
99.92% | 0.08% | ||
| Russel Robertson |
99.22% | 0.78% | ||
| William Sheffield |
99.92% | 0.08% | ||
| Melissa Sonberg |
99.92% | 0.08% | ||
| Susan Wolburgh Jenah |
99.92% | 0.08% |
Appointment of External Auditors:
KPMG LLP was appointed as Hydro One’s external auditors for the ensuing year and the directors were authorized to fix their remuneration:
| Votes For (percent) | Votes Withheld (percent) | |
| 99.91% | 0.09% |
Advisory Resolution on Approach to Executive Compensation:
The advisory resolution on the company’s approach to executive compensation was approved:
| Votes For (percent) | Votes Against (percent) | |
| 98.08% | 1.92% |
About Hydro One Limited (TSX: H)
Hydro One Limited, through its wholly-owned subsidiaries, is Ontario’s largest electricity transmission and distribution provider with approximately 1.4 million valued customers, approximately $27.1 billion in assets as at December 31, 2019, and annual revenues in 2019 of approximately $6.5 billion. Our team of approximately 8,800 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system, which is essential to supporting strong and successful communities. In 2019, Hydro One invested approximately $1.7 billion in its transmission and distribution networks and supported the economy through buying approximately $1.5 billion of goods and services. We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. We are designated as a Sustainable Electricity Company by the Canadian Electricity Association. Hydro One Limited’s common shares are listed on the TSX and certain of Hydro One Inc.’s medium term notes are listed on the NYSE. Additional information can be accessed at www.HydroOne.com; www.sedar.com or www.sec.gov.
For More Information
For more information about everything Hydro One, please visit www.HydroOne.com where you can find additional information including links to securities filings, historical financial reports, and information about our governance practices, corporate social responsibility, customer solutions, and further information about our business.
For further information, please contact:
Investors:
Omar Javed
Vice President, Investor Relations
investor.relations@hydroone.com, 416-345-5943
Media:
Jay Armitage
Vice President, Communications and Marketing
media.relations@hydroone.com, 416-345-6868
Exhibit 99.2
Hydro One Limited
ANNUAL MEETING OF SHAREHOLDERS
Toronto, Ontario
May 8, 2020
REPORT OF VOTING RESULTS
Prepared in accordance with Section 11.3 o f
National Instrument 51-102 Continuous Disclosure Obligations
The following matters were voted on at the virtual Annual Meeting of Shareholders (the “Meeting”) of Hydro One Limited (the “Company”) held on May 8, 2020. Each of the matters set out below is described in greater detail in the Management Information Circular of the Company prepared in connection with the Meeting which can be found at: www.hydroone.com/investor-relations/agm
| 1. | Election of Directors |
Each of the 10 nominees proposed for election as directors were elected as directors of the Company to serve until the next annual meeting of shareholders of the Company or until their successors are elected or appointed:
| VOTES FOR | VOTES WITHHELD | |||||||||||||||
| NOMINEES |
# | % | # | % | ||||||||||||
| Cherie Brant |
495,082,573 | 99.92 | 390,117 | 0.08 | ||||||||||||
| Blair Cowper-Smith |
495,050,909 | 99.91 | 421,781 | 0.09 | ||||||||||||
| David Hay |
495,071,631 | 99.92 | 401,049 | 0.08 | ||||||||||||
| Timothy Hodgson |
495,037,959 | 99.91 | 434,731 | 0.09 | ||||||||||||
| Jessica McDonald |
494,708,823 | 99.85 | 763,867 | 0.15 | ||||||||||||
| Mark Poweska |
495,076,637 | 99.92 | 396,053 | 0.08 | ||||||||||||
| Russel Robertson |
491,597,446 | 99.22 | 3,875,244 | 0.78 | ||||||||||||
| William Sheffield |
495,064,367 | 99.92 | 408,323 | 0.08 | ||||||||||||
| Melissa Sonberg |
495,068,271 | 99.92 | 404,419 | 0.08 | ||||||||||||
| Susan Wolburgh Jenah |
495,099,823 | 99.92 | 372,867 | 0.08 | ||||||||||||
| 2. | Appointment of External Auditors |
| VOTESFOR | VOTES WITHHELD | |||||||||||||||
| # | % | # | % | |||||||||||||
| KPMG LLP was appointed as the external auditors of the Company for the ensuing year and the directors were authorized to fix their remuneration. |
495,955,384 | 99.91 | 458,974 | 0.09 | ||||||||||||
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| 3. | Advisory Resolution on Approach to Executive Compensation |
| VOTESFOR | VOTES AGAINST | |||||||||||||||
| # | % | # | % | |||||||||||||
| The advisory vote on the Company’s approach to executive compensation was approved. |
485,922,333 | 98.08 | 9,501,189 | 1.92 | ||||||||||||
Dated this 8th day of May, 2020.
| HYDRO ONE LIMITED | ||
| By: | /s/ Maureen Wareham | |
| Name: Maureen Wareham | ||
| Title: Corporate Secretary | ||
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