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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): May 4, 2022

 

 

 

LOGO

ENBRIDGE INC

(Exact Name of Registrant as Specified in Charter)

 

 

 

Canada   001-15254   98-0377957

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

200, 425 - 1st Street S.W.
Calgary, Alberta, Canada T2P 3L8
(Address of Principal Executive Offices) (Zip Code)

1 -403-231-3900

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading
Symbol(s)

  

Name of each exchange on
which registered

Common Shares   ENB   New York Stock Exchange
6.375% Fixed-to-Floating Rate Subordinated Notes Series 2018-B due 2078   ENBA   New York Stock Exchange

 

 

 

Item 5.07

Submission of Matters to a Vote of Security Holders.

At the 2022 Annual Meeting of Shareholders held on May 4, 2022 (the “Annual Meeting”), the holders of common shares of Enbridge Inc. (the “Corporation”) voted on: (1) 12 director nominees to be elected to the board of directors of the Corporation (the “Board”) to serve until the close of the Corporation’s next annual meeting of shareholders or until their respective successors have been elected; (2) the appointment of PricewaterhouseCoopers LLP as auditors of the Corporation until the close of the Corporation’s next annual meeting of shareholders at such remuneration to be fixed by the Board; (3) an advisory vote on the Corporation’s approach to executive compensation (a “Say on Pay vote”); and (4) a shareholder proposal regarding the Corporation’s net zero commitment, submitted by DI Foundation, represented by Investors for Paris Compliance. The items of business are further described in the Corporation’s management information circular (the “Circular”) filed as Exhibit 99.1 to the Corporation’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on March 7, 2022.

The tables below set forth the number of votes cast for, against or withheld, and the number of abstentions and broker non-votes, for each matter voted on by the Corporation’s shareholders.

 

1.

Election of Directors

Each of the 12 nominees listed below was elected as Director of the Corporation to hold office until the Corporation’s next annual meeting of shareholders or until his or her successor has been elected.

 

Name of Nominee

    Votes For     Votes Withheld     Broker
Non-Votes		  
     Number      Percentage     Number      Percentage     Number  

Mayank M. Ashar

      1,119,720,044        99.45 %      6,153,930        0.55 %      172,761,610  

Gaurdie E. Banister

      1,119,869,199        99.47 %      6,004,837        0.53 %      172,761,610  

Pamela L. Carter

      1,086,100,179        96.47 %      39,773,857        3.53 %      172,761,610  

Susan M. Cunningham

      1,095,878,800        97.34 %      29,995,236        2.66 %      172,761,610  

Gregory L. Ebel

      961,024,127        85.36 %      164,851,450        14.64 %      172,761,609  

Jason B. Few

      1,013,646,775        90.03 %      112,228,803        9.97 %      172,761,608  

Teresa S. Madden

      1,089,493,666        96.77 %      36,381,911        3.23 %      172,761,609  

Al Monaco

      1,107,228,169        98.34 %      18,647,409        1.66 %      172,761,608  

Stephen S. Poloz

      1,099,533,332        97.66 %      26,342,050        2.34 %      172,761,608  

S. Jane Rowe

      1,119,487,346        99.43 %      6,388,231        0.57 %      172,761,609  

Dan C. Tutcher

      1,096,541,822        97.39 %      29,333,755        2.61 %      172,761,609  

Steven W. Williams

      1,120,420,673        99.52 %      5,454,676        0.48 %      172,761,611  

 

2.

Appoint PricewaterhouseCoopers LLP as Auditors

The shareholders approved the appointment of PricewaterhouseCoopers LLP as auditors of the Corporation until the close of the Corporation’s next annual meeting of shareholders at such remuneration to be fixed by the Board.

 

Votes For

  

Votes Withheld

  

Broker
Non-Votes

Number

  

Percentage

  

Number

  

Percentage

  

Number

1,185,515,453   91.29%   113,099,778   8.71%   21,342

3.

Advisory Vote on the Corporation’s Approach to Executive Compensation

The shareholders accepted the Corporation’s approach to executive compensation, as disclosed in the Circular.

 

Votes For

  

Votes Against

  

Abstentions

  

Broker

Non-Votes

Number

  

Percentage

  

Number

  

Percentage

  

Number

  

Percentage

  

Number

1,017,891,449   90.41%   89,625,702   7.96%   18,358,072   1.63%   172,762,127

 

4.

Shareholder Proposal

The Board recommended that shareholders vote against the shareholder proposal.

 

Votes For

  

Votes Against

  

Abstentions

  

Broker

Non-Votes

Number

  

Percentage

  

Number

  

Percentage

  

Number

  

Percentage

  

Number

245,927,410   21.84%   838,628,609   74.49%   41,311,875   3.67%   172,762,514

 

Item 8.01

Other Events.

On May 4, 2022, the Corporation issued a news release announcing the election of director voting results from the Annual Meeting. A copy of the news release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit
Number		   

Description

99.1    New Release dated May 4, 2022
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

   

ENBRIDGE INC.

(Registrant)

Date: May 5, 2022     By:  

/s/ Karen K.L. Uehara

     

Karen K.L. Uehara

Vice President & Corporate Secretary

(Duly Authorized Officer)

Exhibit 99.1

 

LOGO

NEWS RELEASE

Enbridge Inc. Announces Election of Directors

CALGARY, ALBERTA, May 4, 2022 – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) held its Annual Meeting of Shareholders today. On a vote by ballot during the regular business proceedings at the meeting, shareholders approved the election of all 12 nominated directors proposed by management as listed in the Management Information Circular dated March 2, 2022.

Enbridge is pleased to welcome Jason B. Few and Steven W. Williams to the Board. Mr. Few has more than 30 years of experience as a business leader, entrepreneur and technology leader focusing on energy and energy transition. He is currently President & CEO of FuelCell Energy, Inc. Mr. Williams has more than 40 years of international energy industry experience, including as President & CEO of Suncor Energy Inc. from 2012 to 2019 and various roles during 18 years at Imperial Oil/Exxon.

“On behalf of the Board of Directors of Enbridge, we are very pleased to welcome Jason and Steve to the Enbridge Board. They each have extensive business experience and will be excellent additions to our Board. We would also like to thank Herb for his valuable service and many contributions to Enbridge over the years and we wish him well during his retirement,” stated Greg Ebel, the Chair of the Board of Directors of Enbridge.

The detailed results of the vote for the election of directors are set out below.

 

     Votes For     Votes Withheld  
     #      %     #      %  

Mayank (Mike) M. Ashar

      1,119,720,044        99.45 %      6,153,930        0.55 % 

Gaurdie E. Banister

      1,119,869,199        99.47 %      6,004,837        0.53 % 

Pamela L. Carter

      1,086,100,179        96.47 %      39,773,857        3.53 % 

Susan M. Cunningham

      1,095,878,800        97.34 %      29,995,236        2.66 % 

Gregory L. Ebel

      961,024,127        85.36 %      164,851,450        14.64 % 

Jason B. Few

      1,013,646,775        90.03 %      112,228,803        9.97 % 

Teresa S. Madden

      1,089,493,666        96.77 %      36,381,911        3.23 % 

Al Monaco

      1,107,228,169        98.34 %      18,647,409        1.66 % 

Stephen S. Poloz

      1,099,533,332        97.66 %      26,342,050        2.34 % 

S. Jane Rowe

      1,119,487,346        99.43 %      6,388,231        0.57 % 

Dan C. Tutcher

      1,096,541,822        97.39 %      29,333,755        2.61 % 

Steven W. Williams

      1,120,420,673        99.52 %      5,454,676        0.48 % 

About Enbridge Inc.

Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 30 percent of the crude oil produced in North America; Gas Transmission and Midstream, which transports approximately 20 percent of the natural gas

consumed in the U.S.; Gas Distribution and Storage, which serves approximately 3.9 million retail customers in Ontario and Quebec; and Renewable Power Generation, which owns approximately 1,766 MW (net) in renewable power generation capacity in North America and Europe. The Company’s common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Media

Toll Free: (888) 992-0997

Email: media@enbridge.com

Investment Community

Toll Free: (800) 481-2804

Email: investor.relations@enbridge.com

 

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