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ST. JOHN'S, Newfoundland and Labrador, May 07, 2020 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (NYSE:FTS) announced the voting results from its Annual and Special Meeting of Shareholders held virtually 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 Advance Notice By-Law No. 2 and voting on an advisory basis to accept the Corporation's approach to executive compensation.
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Election of Directors
Fortis shareholders elected the following 10 individuals to the Fortis board of directors 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 | 260,044,827 | 99.83 | 443,689 | 0.17 |
| Pierre J. Blouin | 258,240,691 | 99.14 | 2,248,315 | 0.86 |
| Paul J. Bonavia | 259,767,875 | 99.72 | 722,733 | 0.28 |
| Lawrence T. Borgard | 259,968,499 | 99.80 | 520,507 | 0.20 |
| Maura J. Clark | 257,752,242 | 98.95 | 2,736,763 | 1.05 |
| Margarita K. Dilley | 258,053,475 | 99.06 | 2,437,133 | 0.94 |
| Julie A. Dobson | 258,289,628 | 99.16 | 2,199,378 | 0.84 |
| Douglas J. Haughey | 258,385,929 | 99.19 | 2,103,077 | 0.81 |
| Barry V. Perry | 258,169,605 | 99.11 | 2,321,003 | 0.89 |
| Jo Mark Zurel | 257,839,275 | 98.98 | 2,649,731 | 1.02 |
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 |
| 268,047,414 | 99.80 | 527,719 | 0.20 |
Advance Notice By-Law No. 2
Shareholders approved a new advance notice by-law setting out advance notice requirements for director nominations.
| # Votes For | % Votes For | # Votes Against | % Votes Against |
| 259,821,984 | 99.71 | 757,008 | 0.29 |
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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 |
| 252,683,377 | 96.97 | 7,897,913 | 3.03 |
About Fortis
Fortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2019 revenue of $8.8 billion and total assets of $57 billion as at March 31, 2020. The Corporation's 9,000 employees serve utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.
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.sedar.com, or www.sec.gov.
For more information please contact
Investor Enquiries:
Ms. Stephanie Amaimo
Vice President, Investor Relations
Fortis Inc.
248.946.3572
samaimo@fortisinc.com
Media Enquiries:
Ms. Karen McCarthy
Vice President, Communications and Corporate Affairs
Fortis Inc.
709.737.5323
media@fortisinc.com
A .pdf version of this press release is available at: http://ml.globenewswire.com/Resource/Download/0993b8f9-55cc-4c02-a71c-06fbbf7101f5
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.