Obsidian Energy Announces Voting Results from the 2025 Annual and Special Meeting of Shareholders
New corporate presentation and management webcast available for replay on website
Calgary, Alberta--(Newsfile Corp. - May 7, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that at our annual and special meeting of shareholders held on May 7, 2025, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2025 Annual and Special Meeting and Management Proxy Circular dated March 15, 2025 (the "Information Circular"), which is available on SEDAR at www.sedarplus.ca, on EDGAR at www.sec.gov, and on Obsidian Energy's website at www.obsidianenergy.com.
Appointment of Auditor
By resolution passed by show of hands, KPMG LLP, Chartered Accountants, was appointed as auditor of the Company for the ensuing year.
Election of Directors
By resolutions passed by ballot vote, the following seven nominees proposed by management were elected as directors of the Company to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed:
Votes For
Percent
Votes Withheld
Percent
Shani Bosman
24,807,037
84.0%
4,711,630
16.0%
John Brydson
25,745,947
87.2%
3,772,720
12.8%
Raymond D. Crossley
27,281,728
92.4%
2,236,939
7.6%
Michael J. Faust
25,942,964
87.9%
3,575,703
12.1%
Edward H. Kernaghan
25,852,852
87.6%
3,665,815
12.4%
Stephen Loukas
27,629,002
93.6%
1,889,665
6.4%
Gordon Ritchie
27,826,897
94.3%
1,691,770
5.7%
Non-Binding Advisory Vote on the Corporation's Approach to Executive Compensation
By resolution passed by ballot vote, an advisory resolution was passed to approve the Company's approach to executive compensation as outlined in the Information Circular. The results of the ballot were as follows:
Votes For
Percent
Votes Against
Percent
23,678,703
80.2%
5,839,964
19.8%
NEW CORPORATE PRESENTATION AND WEBCAST
Today, Obsidian Energy's management team provided a corporate update and question-and-answer session through a live webcast presentation on the Internet (the "Presentation") for investors, shareholders and stakeholders. The associated updated corporate presentation was posted to our website, and the full webcast Presentation is available for replay either through our website or directly at the webcast portal.
CONTACT
OBSIDIAN ENERGY
Suite 200, 207 - 9th Avenue SW, Calgary, Alberta T2P 1K3
Phone: 403-777-2500
Toll Free: 1-866-693-2707
Website: www.obsidianenergy.com;
Investor Relations:
Toll Free: 1-888-770-2633
E-mail: investor.relations@obsidianenergy.com
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