{"id":270412,"date":"2025-04-08T18:35:00","date_gmt":"2025-04-07T09:00:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-parkland-announces-2025-board-nominees-and-filing-of-management-information-circular\/"},"modified":"2025-04-08T18:40:01","modified_gmt":"2025-04-08T22:40:01","slug":"parkland-anuncia-los-candidatos-a-la-junta-directiva-para-2025-y-la-presentacion-de-la-circular-informativa-de-la-direccion","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/parkland-anuncia-los-candidatos-a-la-junta-directiva-para-2025-y-la-presentacion-de-la-circular-informativa-de-la-direccion\/","title":{"rendered":"Parkland Announces 2025 Board Nominees and Filing of Management Information Circular"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p class=\"prntac\"><i>Adds Three Simpson Nominees to its Board Slate, and will Include One on the Special Committee Overseeing the Strategic Review<\/i><\/p>\n<p class=\"prntac\"><i>Appoints <span class=\"xn-person\">Brad Monaco<\/span> as permanent Chief Financial Officer, effective immediately<\/i><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">CALGARY, AB<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">April 7, 2025<\/span><\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; Parkland Corporation (&#8220;Parkland&#8221;, &#8220;we&#8221;, the &#8220;Company&#8221; or &#8220;our&#8221;) (TSX: PKI) will today file a management information circular and accompanying materials in connection with its upcoming annual general meeting of shareholders (&#8220;AGM&#8221;), scheduled to take place at <span class=\"xn-chron\">9:00 a.m. (MT)<\/span> on <span class=\"xn-chron\">May 6, 2025<\/span>, in-person, in <span class=\"xn-location\">Calgary, Canada<\/span>.<\/p>\n<p>On <span class=\"xn-chron\">Friday, April 4, 2025<\/span>, Parkland received notice from Simpson Oil Limited (&#8220;<span class=\"xn-location\">Simpson<\/span>&#8220;), which owns approximately 19.8% of Parkland&#8217;s outstanding common shares, of their intention to nominate nine directors for election at the AGM. This is a self-interested attempt by <span class=\"xn-location\">Simpson<\/span>, a minority shareholder, to seize full control of Parkland without paying a control premium.<\/p>\n<p>We have welcomed <span class=\"xn-location\">Simpson<\/span> representatives to rejoin the Board numerous times and have invited them to participate on the Special Committee overseeing the strategic review. It is disappointing that <span class=\"xn-location\">Simpson<\/span> have chosen this adversarial approach, despite Parkland&#8217;s Board and management&#8217;s repeated, good faith efforts, to engage constructively and reach a resolution that appropriately recognizes their minority shareholding.<\/p>\n<p>&#8220;Many members of the <span class=\"xn-location\">Simpson<\/span> slate lack credibility and relevant experience to meet the standards required to govern a public company of Parkland&#8217;s scale and complexity,&#8221;\u00a0said <span class=\"xn-person\">Michael Jennings<\/span>, Chair of Parkland&#8217;s Board. &#8220;However, in the interest of resolution and collaboration with <span class=\"xn-location\">Simpson<\/span>, Parkland has selected three of <span class=\"xn-location\">Simpson&#8217;s<\/span> nominees who meet Parkland&#8217;s governance standards and propose to include one of the <span class=\"xn-location\">Simpson<\/span> nominees on the special committee overseeing the strategic review. <span class=\"xn-location\">Simpson<\/span> nominees <span class=\"xn-person\">Brian Gibson<\/span> and Karen Stuckey\u00a0bring skills that are expected to be additive to our Board. Michael Christiansen\u00a0brings valuable perspective, as he works for <span class=\"xn-location\">Simpson<\/span> directly and was previously a nominee of <span class=\"xn-location\">Simpson<\/span> on the Parkland Board.<\/p>\n<p>&#8220;We are committed to maximizing value for all shareholders. We are confident that Parkland&#8217;s proposed Board, including three of <span class=\"xn-location\">Simpson&#8217;s<\/span> nominees, is the best choice to oversee the strategic review process, protect the interest of all shareholders and find a resolution with <span class=\"xn-location\">Simpson<\/span> while ensuring day-to-day operations remain on track.&#8221;<\/p>\n<p>Parkland&#8217;s nominees for election at the AGM are: <span class=\"xn-person\">Felipe Bayon<\/span>, <span class=\"xn-person\">Nora Duke<\/span>, <span class=\"xn-person\">Bob Espey<\/span>, <span class=\"xn-person\">Sue Gove<\/span>, <span class=\"xn-person\">Tim Hogarth<\/span>, <span class=\"xn-person\">Richard Hookway<\/span>, <span class=\"xn-person\">Angela John<\/span>, <span class=\"xn-person\">Michael Jennings<\/span>, <span class=\"xn-person\">James Neate<\/span>, <span class=\"xn-person\">Mariame McIntosh Robinson<\/span>, <span class=\"xn-person\">Karen Stuckey<\/span>, <span class=\"xn-person\">Brian Gibson<\/span>, and <span class=\"xn-person\">Michael Christiansen<\/span>.\u00a0<\/p>\n<p>Parkland&#8217;s Board is proposing a slate of thirteen directors, that will best serve shareholders as an experienced and diversely skilled Board. <span class=\"xn-person\">Lisa Colnett<\/span> is not standing for re-election as she has reached her ten-year term limit. The Company thanks Lisa for her significant contributions and her dedicated stewardship to Parkland.\u00a0As part of the Board&#8217;s ongoing refreshment of longer tenured directors, the Board expects to reduce the size of its membership to 11 before the 2026 annual general meeting of shareholders.<\/p>\n<p>Since 2023, Parkland has added six highly experienced independent directors to the Board. These appointments reinforce our focus on strong corporate governance and demonstrate the Company&#8217;s commitment to rigorous, ongoing board renewal. Supporting Parkland&#8217;s recommended Board ensures stable, qualified leadership equipped with deep industry knowledge, public company governance, and transactional expertise \u2013 qualities essential for executing a successful strategic review and for ensuring the day-to-day operations of the business remain on track.<\/p>\n<p>Parkland has also appointed <span class=\"xn-person\">Brad Monaco<\/span> as permanent Chief Financial Officer of the Company, effective immediately. Brad has held progressively senior leadership roles within Parkland&#8217;s capital markets and Canadian business segment and has served as Interim Chief Financial Officer since <span class=\"xn-chron\">January 1, 2025<\/span>. He has demonstrated strong financial, business, and strategic acumen, and exceptional leadership capabilities within the organization and to Parkland&#8217;s stakeholders.<\/p>\n<p>The management information circular and related proxy materials, including the Chairman&#8217;s letter to shareholders and a BLUE form of proxy or voting instruction form (&#8220;BLUE Proxy&#8221;), will be mailed to shareholders of Parkland, available via SEDAR+ at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4399604-1&amp;h=3840082235&amp;u=https%3A%2F%2Fwww.sedarplus.com%2F&amp;a=www.sedarplus.com\" target=\"_blank\" rel=\"nofollow\">www.sedarplus.com<\/a>, and on the Company&#8217;s website. The Company strongly recommends shareholders vote <u>ONLY<\/u> ON the <u>BLUE<\/u> proxy <u>FOR<\/u> the Parkland Nominees.<\/p>\n<p>Parkland encourages registered shareholders (who require a 15-digit control number) and non-registered shareholders (who require a 16-digit control number) to carefully review the management information circular and vote their common shares in advance of the AGM using the provided methods:<\/p>\n<p><b>Vote Online:<br \/><\/b><u>Registered Shareholders:<\/u>\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4399604-1&amp;h=1607571569&amp;u=http%3A%2F%2Fwww.investorvote.com%2F&amp;a=www.investorvote.com\" target=\"_blank\" rel=\"nofollow\">www.investorvote.com<\/a><br \/><u>Beneficial Shareholders:<\/u>\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4399604-1&amp;h=3407450909&amp;u=http%3A%2F%2Fwww.proxyvote.com%2F&amp;a=www.proxyvote.com\" target=\"_blank\" rel=\"nofollow\">www.proxyvote.com<\/a><\/p>\n<p><b>Vote by Telephone:<br \/><\/b><u>Registered Shareholders:<\/u> Call toll-free at 1-866-732-8683 (in <span class=\"xn-location\">North America<\/span>) or 1-312-588-4290 (in countries outside of <span class=\"xn-location\">North America<\/span>)<br \/><u>Beneficial Shareholders:<\/u>\u00a0Canada (1-800-474-7493 for English and 1-800-474-7501 for French) and <span class=\"xn-location\">United States<\/span> (1-800-454-8683)<\/p>\n<p><b>Questions? Need Help Voting?<br \/><\/b>Contact Kingsdale Advisors: 1-888-518-6832 (Toll-free in <span class=\"xn-location\">North America<\/span>) or 1-647-251-9740 (text and call enabled outside <span class=\"xn-location\">North America<\/span>), or by email at <a href=\"mailto:contactus@kingsdaleadvisors.com\" target=\"_blank\" rel=\"nofollow\">contactus@kingsdaleadvisors.com<\/a>.<\/p>\n<p>To obtain current information about voting your Parkland common shares, please visit <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4399604-1&amp;h=3323219152&amp;u=http%3A%2F%2Fwww.ourparkland.ca%2F&amp;a=www.ourparkland.ca\" target=\"_blank\" rel=\"nofollow\">www.ourparkland.ca<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>Certain statements contained herein constitute forward-looking information and statements (collectively, &#8220;forward looking statements&#8221;). When used in this news release, the words &#8220;aim&#8221;, &#8220;continue&#8221;, &#8220;expect&#8221;, &#8220;will&#8221;, &#8220;would&#8221; and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things: the timing of the AGM; the Board, and the composition and attributes thereof; the expected reduction in size of the Board; and the mailing of proxy materials in connection with the AGM and the expected timing thereof.<\/p>\n<p>These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These forward-looking statements speak only as of the date hereof. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities laws. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks, assumptions and uncertainties including, but not limited to: general economic, market and business conditions; Parkland&#8217;s ability to execute its business strategy; action by other persons or companies; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described under the headings &#8220;Cautionary Statement Regarding Forward-Looking Information&#8221; and &#8220;Risk Factors&#8221; in Parkland&#8217;s current Annual Information Form, and under the headings &#8220;Forward-Looking Information&#8221; and &#8220;Risk Factors&#8221; in Parkland&#8217;s Management&#8217;s Discussion and Analysis for the most recently completed financial period, each as filed on SEDAR+ and available on Parkland&#8217;s website at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4399604-1&amp;h=1647777636&amp;u=http%3A%2F%2Fwww.parkland.ca%2F&amp;a=www.parkland.ca\" target=\"_blank\" rel=\"nofollow\">www.parkland.ca<\/a>. The forward-looking statements contained herein are expressly qualified by this cautionary statement.<\/p>\n<p>SOURCE  Parkland Corporation<\/p>\n<\/div>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p class=\"prntac\"><i>Adds Three Simpson Nominees to its Board Slate, and will Include One on the Special Committee Overseeing the Strategic Review<\/i><\/p>\n<p class=\"prntac\"><i>Appoints <span class=\"xn-person\">Brad Monaco<\/span> as permanent Chief Financial Officer, effective immediately<\/i><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">CALGARY, AB<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">April 7, 2025<\/span><\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; Parkland Corporation (&#8220;Parkland&#8221;, &#8220;we&#8221;, the &#8220;Company&#8221; or &#8220;our&#8221;) (TSX: PKI)&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-270412","post","type-post","status-publish","format-standard","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/270412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=270412"}],"version-history":[{"count":"1","href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/270412\/revisions"}],"predecessor-version":[{"id":270477,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/270412\/revisions\/270477"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=270412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=270412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=270412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}