GasFrac Energy Services Inc.

GasFrac Energy Services Inc.

May 13, 2013 11:01 ET

GASFRAC Announces Annual Meeting Board of Directors Election Results

CALGARY, ALBERTA--(Marketwired - May 13, 2013) - GASFRAC Energy Services Inc. ("GASFRAC") (TSX:GFS) announces that the nominees listed in the management proxy circular for the 2013 Annual Meeting of Shareholders were elected as directors of GASFRAC. Detailed results of the vote for the election of directors held at such annual meeting on May 9, 2013 are as set out below:

Nominee Votes For % For Votes Withheld % Withheld
Dale Bossert 10,811,492 75.74 3,463,097 24.26
Dwight Loree 10,586,142 74.03 3,706,447 25.97
Robert Maitland 10,501,193 73.57 3,773,396 26.43
Robert Roberts 10,699,037 74.95 3,575,552 25.05
Gerald Roe 10,696,257 74.93 3,578,332 25.07
Leo Schnitzler 10,672,157 74.76 3,602,432 25.24
Brad Gabel 11,121,734 77.91 3,152,855 22.09

Majority Voting Policy

The Board of Directors of GASFRAC has adopted policy stipulating that if a Director nominee receives more "withhold" votes than "for" votes at a meeting of the Shareholders, the nominee will submit his or her resignation promptly after the meeting for the Corporate Governance Committee's consideration. The Corporate Governance Committee will make a recommendation to the Board after reviewing the matter and the Board's decision to accept or reject the resignation offer will be disclosed to the public within 90 days of the applicable Shareholder meeting. During the interim period, while waiting for the decision of the Board, the nominee may continue to fulfill his or her duties as a Director. The nominee will not participate in any committee or Board deliberations on the resignation offer. This policy does not apply in circumstances involving contested Director elections.

GASFRAC is an oil and gas technology and service company headquartered in Calgary, Alberta, Canada, and the sole provider of waterless gelled LPG fracturing technology in North America.

Requests for shareholder information should be directed to James M Hill.

Contact Information

  • GASFRAC Energy Services Inc.
    James M Hill
    Chief Financial Officer