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Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, Say on Pay, and Omnibus Equity Plan

Fortis
Fortis

ST. JOHN'S, Newfoundland and Labrador, May 02, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced the voting results from its Annual and Special Meeting of Shareholders held today. Shareholders voted in favour of all items of business before the meeting, including electing the nominated directors, appointing Deloitte LLP as the Corporation's auditors, approving the non-binding advisory vote regarding the Corporation's approach to executive compensation, and approving the omnibus equity plan and related matters.

Election of Directors

Fortis shareholders elected the following 12 individuals to the Board to serve until the next Annual Meeting of Shareholders or until their successors are elected or appointed:

Nominee

# Votes For

% Votes For

# Votes Withheld

% Votes Withheld

Tracey C. Ball

270,028,891

99.03

2,654,207

0.97

Pierre J. Blouin

269,114,480

98.69

3,568,619

1.31

Lawrence T. Borgard

271,746,290

99.66

936,809

0.34

Maura J. Clark

270,934,611

99.36

1,748,913

0.64

Lisa Crutchfield

270,669,603

99.26

2,013,495

0.74

Margarita K. Dilley

271,654,834

99.62

1,028,264

0.38

Julie A. Dobson

263,037,347

96.46

9,646,178

3.54

Lisa L. Durocher

270,768,452

99.30

1,915,072

0.70

David G. Hutchens

271,767,459

99.66

916,066

0.34

Gianna M. Manes

270,724,552

99.28

1,958,547

0.72

Don R. Marchand

271,294,085

99.49

1,389,013

0.51

Jo Mark Zurel

266,144,340

97.60

6,538,758

2.40


Appointment of Auditors

Shareholders of the Corporation approved the appointment of Deloitte LLP as the Corporation's auditors to hold office until the close of the next Annual Meeting of Shareholders.

# Votes For

% Votes For

# Votes Withheld

% Votes Withheld

277,986,153

99.50

1,400,764

0.50


Say on Pay

Shareholders approved the non-binding advisory vote regarding the Corporation's approach to executive compensation ("Say on Pay").

# Votes For

% Votes For

# Votes Against

% Votes Against

251,463,179

92.25

21,122,283

7.75


Omnibus Equity Plan and Related Matters

Shareholders approved the Corporation’s omnibus equity plan and related matters.

# Votes For

% Votes For

# Votes Against

% Votes Against

259,643,309

95.26

12,933,477

4.74


About Fortis

Fortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2023 revenue of $12 billion and total assets of $68 billion as at March 31, 2024. The Corporation's 9,600 employees serve utility customers in five Canadian provinces, ten U.S. states and three Caribbean countries.

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Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com, www.sedarplus.ca, or www.sec.gov.

A .pdf version of this press release is available at: http://ml.globenewswire.com/Resource/Download/bf67405e-381b-4400-9a4c-d97e8fa29be4

For further information contact

Investor Enquiries:
Ms. Stephanie Amaimo
Vice President, Investor Relations
Fortis Inc.
248.946.3572
investorrelations@fortisinc.com

Media Enquiries:
Ms. Karen McCarthy
Vice President, Communications & Government Relations
Fortis Inc.
709.737.5323
media@fortisinc.com