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EX-99.1 - EX-99.1 - ENCANA CORPd353051dex991.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

May 2, 2017

Date of Report (Date of earliest event reported)

Encana Corporation

(Exact name of registrant as specified in its charter)

 

Canada

(State or other jurisdiction

of incorporation)

  

1-15226

(Commission

File Number)

  

98-0355077

(IRS Employer

Identification No.)

Suite 4400, 500 Centre Street SE, PO Box 2850

Calgary, Alberta, Canada, T2P 2S5

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (403) 645-2000

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer          Accelerated filer   
Non-accelerated filer       (Do not check if a smaller reporting company)    Smaller reporting company   
         Emerging growth company   

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐


 

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ITEM 5.07    Submission of Matters to a Vote of Security Holders.

At the 2017 Annual Meeting of Shareholders held on May 2, 2017, the shareholders of Encana Corporation (the “Corporation”) voted on: (1) 10 nominated directors to be elected to the Corporation’s board (the “Board”) to serve until the close of the Corporation’s next annual meeting of shareholders or until their successors are elected or appointed; (2) the appointment of PricewaterhouseCoopers LLP as the Corporation’s independent auditors until the close of the Corporation’s next annual meeting of shareholders; (3) an advisory vote to approve the compensation of the Corporation’s named executive officers (a “Say-on-Pay vote”); and (4) an advisory vote on the frequency of Say-on-Pay votes. The proposals are further described in the Corporation’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on March 23, 2017 (the “Proxy Statement”).

The tables below set forth the number of votes cast for, against or withheld, and the number of abstentions and broker non-votes, for each matter voted upon by the Corporation’s shareholders.

 

1. Election of Directors

The following individuals were elected to the Board:

 

Name of Nominee

   Votes For    Percent   Votes Withheld    Percent   Broker Non-Votes

Peter A. Dea

   535,096,388    99.12%   4,761,912    0.88%   50,377,962

Fred J. Fowler

   526,182,537    97.47%   13,675,763    2.53%   50,377,962

Howard J. Mayson

   536,778,320    99.43%   3,079,980    0.57%   50,377,962

Lee A. McIntire

   524,559,330    97.17%   15,298,970    2.83%   50,377,962

Margaret A. McKenzie

   523,577,985    96.98%   16,280,435    3.02%   50,377,842

Suzanne P. Nimocks

   524,412,409    97.14%   15,445,679    2.86%   50,378,174

Brian G. Shaw

   536,984,231    99.47%   2,873,737    0.53%   50,378,294

Douglas J. Suttles

   537,166,485    99.50%   2,691,815    0.50%   50,377,962

Bruce G. Waterman

   524,983,845    97.24%   14,874,123    2.76%   50,378,294

Clayton H. Woitas

   526,447,416    97.52%   13,410,552    2.48%   50,378,294


 

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2. Appoint PricewaterhouseCoopers LLP as Independent Auditors

The shareholders approved the appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as the Corporation’s independent auditors until the close of the Corporation’s next annual meeting of shareholders.

 

Votes For

  

Percent

  

Votes Withheld

  

Percent

  

Broker Non-Votes

585,416,416    99.18%    4,819,846    0.82%    n/a

 

3. Advisory Vote to Approve Compensation of Named Executive Officers

The shareholders approved, on a non-binding advisory basis, the compensation of the Corporation’s named executive officers, as disclosed in the Proxy Statement.

 

Votes For

  

Percent

  

Votes Against

  

Percent

  

Broker Non-Votes

334,917,382

   62.04%    204,943,899    37.96%    50,374,981

 

4. Advisory Vote on Frequency of Say-on Pay-Votes

The shareholders approved, on a non-binding advisory basis, an annual frequency of Say-on-Pay votes.

 

Votes for

One

Year

  

Percent

  

Votes for

Two
Years

  

Percent

  

Votes for

Three
Years

  

Percent

  

Abstentions

  

Percent

  

Broker

Non-Votes

500,125,146

   98.50%    1,290,001    0.25%    5,573,136    1.10%    721,087    0.15%    82,526,892

 

ITEM 8.01    Other Events.

On May 2, 2017, the Corporation issued a news release announcing the election of directors voting results from the 2017 Annual Meeting of Shareholders. A copy of the news release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

ITEM 9.01     Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit No.     Exhibit Description

Exhibit 99.1     News Release dated May 2, 2017.


 

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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 hereunto duly authorized.

Dated: May 4, 2017

 

ENCANA CORPORATION
(Registrant)
By:  

              /s/    Dawna I. Gibb

  Name: Dawna I. Gibb
  Title:   Assistant Corporate Secretary


 

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EXHIBIT INDEX

 

Exhibit No.   Exhibit Description
Exhibit 99.1   News Release dated May 2, 2017.