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 nine directors for election at the meeting set for May 6.
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.
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.
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.
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.
This report by The Canadian Press was first published April 7, 2025.
Companies in this story: (TSX:PKI)
The Canadian Press
- 0091 WBPC_2025_30_SEC_PROMO_RANJITH0091 WBPC_2025_30_SEC_PROMO_RANJITH
- 0090 WBPC_2025_30_SECOND_PROMO_DAN0090 WBPC_2025_30_SECOND_PROMO_DAN
- 0089 WBPC_2025_30_SEC_PROMO_ERIK0089 WBPC_2025_30_SEC_PROMO_ERIK
- 0046 City of Estevan This is Estevan Teaser0046 City of Estevan This is Estevan Teaser
- 0088 WBPC_2025_30SEC_PROMO0088 WBPC_2025_30SEC_PROMO
- 0087 Lori Carr Coal Expansion0087 Lori Carr Coal Expansion
- 0086 Sask Gov Oil and Gas Incentive Programs0086 Sask Gov Oil and Gas Incentive Programs
- 0085 Turnbull snow removal call office0085 Turnbull snow removal call office
- 0084 EMP Metals Pipeline Online0084 EMP Metals Pipeline Online
- 0077 Caprice Resources Stand Up For Free Speech0077 Caprice Resources Stand Up For Free Speech
- 0076 Latus only0076 Latus only
- 0061 SIMSA 2024 For Sask Buy Sask0061 SIMSA 2024 For Sask Buy Sask
- 0055 Smart Power Be Smart with your Power office0055 Smart Power Be Smart with your Power office
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0011
- 0006 JK Junior
- 0002 gilliss casing services0002 gilliss casing services
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 9001