Parkland Announces 2025 Board Nominees and Filing of Management Information Circular

Includes 3 Simpson Candidates to its Board Slate, and will Consist of One on the Unique Committee Supervising the Strategic Evaluation

Selects Brad Monaco as irreversible Chief Financial Officer, efficient instantly

CALGARY, AB, April 7, 2025/ PRNewswire/ – Parkland Corporation (” Parkland”, “we”, the “Business” or “our”) PKI will today submit a management info circular and accompanying products in connection with its approaching yearly basic conference of investors (” AGM”), set up to happen at 9:00 a.m. (MT) on Might 6, 2025, in-person, in Calgary, Canada

On Friday, April 4, 2025, Parkland got notification from Simpson Oil Limited (” Simpson”), which owns around 19.8% of Parkland’s exceptional typical shares, of their intent to choose 9 directors for election at the AGM. This is a self-centered effort by Simpson, a minority investor, to take complete control of Parkland without paying a control premium.

We have actually invited Simpson agents to rejoin the Board many times and have actually welcomed them to take part on the Unique Committee supervising the tactical evaluation. It is frustrating that Simpson have actually picked this adversarial method, regardless of Parkland’s Board and management’s duplicated, great faith efforts, to engage constructively and reach a resolution that properly acknowledges their minority shareholding.

” Lots of members of the Simpson slate absence reliability and pertinent experience to fulfill the requirements needed to govern a public business of Parkland’s scale and intricacy,” stated Michael Jennings, Chair of Parkland’s Board. “Nevertheless, in the interest of resolution and cooperation with Simpson, Parkland has actually chosen 3 of Simpson’s candidates who fulfill Parkland’s governance requirements and propose to consist of among the Simpson candidates on the unique committee supervising the tactical evaluation. Simpson candidates Brian Gibson and Karen Stuckey bring abilities that are anticipated to be additive to our Board. Michael Christiansen brings important point of view, as he works for Simpson straight and was formerly a candidate of Simpson on the Parkland Board.

” We are devoted to taking full advantage of worth for all investors. We are positive that Parkland’s proposed Board, consisting of 3 of Simpson’s candidates, is the very best option to supervise the tactical evaluation procedure, safeguard the interest of all investors and discover a resolution with Simpson while guaranteeing everyday operations stay on track.”

Parkland’s candidates for election at the AGM are: Felipe Bayon, Nora Duke, Bob Espey, Take Legal Action Against Gove, Tim Hogarth, Richard Hookway, Angela John, Michael Jennings, James Neate, Mariame McIntosh Robinson, Karen Stuckey, Brian Gibson, and Michael Christiansen

Parkland’s Board is proposing a slate of thirteen directors, that will best serve investors as a skilled and diversely experienced Board. Lisa Colnett is not standing for re-election as she has actually reached her ten-year term limitation. The Business thanks Lisa for her substantial contributions and her devoted stewardship to Parkland. As part of the Board’s continuous beverage of longer tenured directors, the Board anticipates to lower the size of its subscription to 11 before the 2026 yearly basic conference of investors.

Considering That 2023, Parkland has actually included 6 extremely knowledgeable independent directors to the Board. These consultations enhance our concentrate on strong business governance and show the Business’s dedication to strenuous, continuous board renewal. Supporting Parkland’s advised Board makes sure steady, competent management geared up with deep market understanding, public business governance, and transactional competence– qualities vital for performing an effective tactical evaluation and for guaranteeing the everyday operations of business stay on track.

Parkland has actually likewise selected Brad Monaco as irreversible Chief Financial Officer of the Business, efficient instantly. Brad has actually held gradually senior management functions within Parkland’s capital markets and Canadian service section and has actually acted as Interim Chief Financial Officer considering that January 1, 2025 He has actually shown strong monetary, service, and tactical acumen, and extraordinary management abilities within the company and to Parkland’s stakeholders.

The management info circular and associated proxy products, consisting of the Chairman’s letter to investors and a BLUE kind of proxy or ballot direction kind (” BLUE Proxy”), will be sent by mail to investors of Parkland, offered by means of SEDAR+ at www.sedarplus.com, and on the Business’s site. The Business highly suggests investors vote ONLY ON the BLUE proxy FOR the Parkland Nominees.

Parkland motivates signed up investors (who need a 15-digit control number) and non-registered investors (who need a 16-digit control number) to thoroughly evaluate the management info circular and vote their typical shares in advance of the AGM utilizing the supplied techniques:

Vote Online:
Registered Investors:  www.investorvote.com
Beneficial Investors:  www.proxyvote.com

Vote by Telephone:
Registered Investors: Call toll-free at 1-866-732-8683 (in The United States And Canada ) or 1-312-588-4290 (in nations beyond The United States And Canada)
Beneficial Investors: Canada (1-800-474-7493 for English and 1-800-474-7501 for French) and United States (1-800-454-8683)

Concerns? Required Assistance Ballot?
Contact Kingsdale Advisors: 1-888-518-6832 (Toll-free in The United States And Canada) or 1-647-251-9740 (text and call made it possible for outdoors The United States And Canada), or by e-mail at contactus@kingsdaleadvisors.com.

To acquire existing info about voting your Parkland typical shares, please see www.ourparkland.ca.

Positive Declarations

Specific declarations consisted of herein make up positive info and declarations (jointly, “forward looking declarations”). When utilized in this press release, the words “goal”, “continue”, “anticipate”, “will”, “would” and comparable expressions are planned to recognize positive declarations. In specific, this press release consists of positive declarations with regard to, to name a few things: the timing of the AGM; the Board, and the structure and associates thereof; the anticipated decrease in size of the Board; and the mailing of proxy products in connection with the AGM and the anticipated timing thereof.

These declarations include understood and unidentified dangers, unpredictabilities and other elements that might trigger real outcomes or occasions to vary materially from those expected in such positive declarations. No guarantee can be considered that these expectations will show to be right and such positive declarations ought to not be unduly trusted. These positive declarations speak just since the date hereof. Parkland does not carry out any responsibilities to openly upgrade or modify any positive declarations other than as needed by securities laws. Real outcomes might vary materially from those expected in these positive declarations as an outcome of many dangers, presumptions and unpredictabilities consisting of, however not restricted to: basic financial, market and service conditions; Parkland’s capability to perform its service technique; action by other individuals or business; and other elements, a number of which are beyond the control of Parkland. See likewise the dangers and unpredictabilities explained under the headings “Cautionary Declaration Concerning Forward-Looking Info” and “Threat Elements” in Parkland’s existing Yearly Info Kind, and under the headings “Forward-Looking Info” and “Threat Elements” in Parkland’s Management’s Conversation and Analysis for the most just recently finished monetary duration, each as submitted on SEDAR+ and offered on Parkland’s site at www.parkland.ca. The positive declarations consisted of herein are specifically certified by this cautionary declaration.

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SOURCE Parkland Corporation