CALGARY – Parkland Corp. is proposing a slate of 13 directors including three backed by dissident shareholder Simpson Oil Ltd. for election to its board at its annual meeting next month. Read More
CALGARY – Parkland Corp. is proposing a slate of 13 directors including three backed by dissident shareholder Simpson Oil Ltd. for election to its board at its annual meeting next month. The Calgary-based company says the nominees come as Simpson, which owns a 19.8 per cent stake in Parkland, proposes its own rival slate of
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CALGARY – Parkland Corp. is proposing a slate of 13 directors including three backed by dissident shareholder Simpson Oil Ltd. for election to its board at its annual meeting next month.
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The Calgary-based company says the nominees come as Simpson, which owns a 19.8 per cent stake in Parkland, proposes its own rival slate of nine directors for election at the meeting set for May 6.
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Parkland called Simpson’s proposal an attempt to seize control of the company without paying a control premium. However, the company says in the “interest of resolution and collaboration with Simpson” it selected three of its nominees for inclusion on its own slate.
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Parkland announced plans to review strategic alternatives, including the possible sale of the company, earlier this year. It says it will include one of the Simpson nominees it supports on the special committee overseeing the review.
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The company says it expects to reduce the size of its board to 11 before the 2026 annual general meeting of shareholders as part of its ongoing refreshment of longer tenured directors.
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Parkland also announced the appointment of Brad Monaco as permanent chief financial officer. Monaco has filled the job on an interim basis since Jan. 1.
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