AGM/EGMMay 19, 2026, 05:22 PM
NOVAGOLD Shareholders Elect Directors, Approve Compensation Plans
AI Summary
NOVAGOLD RESOURCES INC. held its 2026 Annual Meeting of Shareholders on May 14, 2026, where all seven proposals were approved. Shareholders elected all director nominees, appointed PricewaterhouseCoopers LLP as auditors, and approved amendments to the Stock Award Plan, Performance Share Unit Plan, and Deferred Share Unit Plan. Additionally, a non-binding resolution approving executive compensation was passed, and shareholders voted for an annual frequency for future Say-on-Pay votes. A total of 74.45% of the company's shares were represented at the meeting.
Key Highlights
- All director nominees were elected, with votes ranging from 88.81% to 99.53% For.
- PricewaterhouseCoopers LLP was appointed as auditors with 97.06% For votes.
- Amendment to the Stock Award Plan was approved with 86.18% For votes.
- Unallocated entitlements under the Performance Share Unit Plan were approved with 89.47% For votes.
- Unallocated entitlements under the Deferred Share Unit Plan were approved with 90.86% For votes.
- Non-binding resolution for executive compensation was approved with 72.30% For votes.
- Shareholders approved an annual frequency for future Say-on-Pay votes with 294,438,533 votes for 1 Year.
- A total of 326,713,666 shares, representing 74.45% of outstanding shares, were represented.
Price Impact
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