PRECISION DRILLING Corp 6-K, filed May 13, 2021
PRECISION DRILLING Corp (PDS)
About this 6-K
PRECISION DRILLING Corp filed this 6-K on May 13, 2021.
UNITED STATES
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 2021
Commission File Number: 001-14534
Precision Drilling Corporation
(Translation of registrant's name into English)
800, 525 - 8 Avenue S.W.
Calgary, Alberta
Canada T2P 1G1
(Address of principal executive office)
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 [ X ]
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):
SIGNATURES
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.
| Precision Drilling Corporation | ||
| (Registrant) | ||
| Date: May 13, 2021 | /s/Carey T. Ford | |
| Carey T. Ford | ||
| Senior Vice President and Chief Financial Officer | ||
| EXHIBIT | DESCRIPTION | |||
| 99.1 | PRECISION DRILLING CORPORATION ANNOUNCES THE RESULTS OF THE 2021 ANNUAL MEETING OF SHAREHOLDERS | |||
| 99.2 | REPORT OF VOTING RESULTS |
EXHIBIT 99.1
Precision Drilling Corporation Announces the Results of the 2021 Annual Meeting of Shareholders
CALGARY, Alberta, May 13, 2021 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or the “Company”) is pleased to announce the results of the election of board members at its 2021 Annual Meeting of Shareholders held on May 13, 2021 (the “Annual Meeting”). Shareholders approved the election of all 8 (7 of whom are independent) of the nominee directors presented in the Company’s Management Information Circular, dated March 31, 2021.
The shares represented at the Annual Meeting voting in favour of individual nominee directors are as follows:
| Nominee | # Votes For | % Votes For | # Votes Withheld | % Votes Withheld |
| Michael R. Culbert | 6,035,585 | 95.14 | 308,430 | 4.86 |
| William T. Donovan | 6,007,465 | 94.70 | 336,549 | 5.30 |
| Brian J. Gibson | 6,015,155 | 94.82 | 328,860 | 5.18 |
| Steven W. Krablin | 5,466,944 | 86.17 | 877,071 | 13.83 |
| Susan M. MacKenzie | 5,908,019 | 93.13 | 435,995 | 6.87 |
| Kevin O. Meyers | 5,454,687 | 85.98 | 889,328 | 14.02 |
| David W. Williams | 6,037,928 | 95.18 | 306,086 | 4.82 |
| Kevin A. Neveu | 6,113,052 | 96.36 | 230,963 | 3.64 |
Precision’s non-binding advisory vote on executive compensation (“Say-on-Pay”) was narrowly defeated. 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 as we consider our future compensation decisions.
Final voting results on all matters voted on at the Annual Meeting will be filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov).
About Precision
Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as “Alpha” that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Additionally, Precision offers well service rigs, camps and rental equipment and directional drilling services all backed by a comprehensive mix of technical support services and skilled, experienced personnel.
Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS.”
For further information, please contact:
Carey Ford, Senior Vice President & Chief Financial Officer
713.435.6100
Dustin Honing, Director, Investor Relations & Corporate Development
403.716.4500
800, 525 - 8th Avenue S.W.
Calgary, Alberta, Canada T2P 1G1
Website: www.precisiondrilling.com
EXHIBIT 99.2
Annual Meeting of Shareholders of
PRECISION DRILLING CORPORATION
May 13, 2021
REPORT OF VOTING RESULTS
National Instrument 51-102 – Continuous Disclosure Obligations - Section 11.3
In respect of the Annual Meeting (the "Annual Meeting") of holders of common shares of Precision Drilling Corporation (the "Corporation"), the following sets forth a brief description of each item of business (as more fully described in the Corporation’s Management Information Circular, dated March 31, 2021) which was voted upon at the Annual Meeting and the outcome of the vote:
| Description of Matter | Votes For | Percent | Votes Against/ Withheld |
Percent | ||
| 1. |
Ordinary resolution to approve the election of the following nominees to serve as the directors of the Corporation for the ensuing year, or until successors are duly elected or appointed:
Michael R. Culbert |
6,035,585 | 95.14% | 308,430 | 4.86% | |
| William T. Donovan | 6,007,465 | 94.70% | 336,549 | 5.30% | ||
| Brian J. Gibson | 6,015,155 | 94.82% | 328,860 | 5.18% | ||
| Steven W. Krablin | 5,466,944 | 86.17% | 877,071 | 13.83% | ||
| Susan M. MacKenzie | 5,908,019 | 93.13% | 435,995 | 6.87% | ||
| Kevin O. Meyers | 5,454,687 | 85.98% | 889,328 | 14.02% | ||
| David W. Williams | 6,037,928 | 95.18% | 306,086 | 4.82% | ||
| Kevin A. Neveu | 6,113,052 | 96.36% | 230,963 | 3.64% | ||
| 2. | Ordinary resolution to approve the appointment of KPMG LLP as auditors of the Corporation to hold office until the next annual meeting of shareholders at a remuneration to be fixed by the board of directors. | 6,765,461 | 98.17% | 126,048 | 1.83% | |
| 3. | Advisory resolution on the Corporation's approach to executive compensation (“Say-on-Pay”). | 2,692,563 | 42.44% | 3,651,452 | 57.56% | |