 | NEWS RELEASE |
Exhibit 1
North American Palladium Reports Voting Results from
2013 Annual & Special Meeting of Shareholders
Toronto, Ontario, May 10, 2013 – North American Palladium Ltd. (“NAP” or the “Company”) (TSX: PDL) (NYSE MKT: PAL) released today the final voting results of its 2013 Annual and Special Meeting of Shareholders (“AGM”) held on May 9, 2013 in Toronto, Ontario. The following matters were voted on:
1. Election of Directors
The following six nominees were appointed as Directors of the Corporation to serve until the next annual meeting of shareholders of the Corporation, or until their successors are elected or appointed. The results were as follows:
Name of Nominee | Votes For | Percent | Votes Withheld | Percent | ||||||||||||
Steven R. Berlin | 32,837,292 | 55.95 | % | 25,854,054 | 44.05 | % | ||||||||||
C. David A. Comba | 32,862,867 | 55.99 | % | 25,828,479 | 44.01 | % | ||||||||||
André J. Douchane | 32,782,990 | 55.86 | % | 25,908,354 | 44.14 | % | ||||||||||
Robert J. Quinn | 32,855,700 | 55.98 | % | 25,835,645 | 44.02 | % | ||||||||||
Greg J. Van Staveren | 32,837,600 | 55.95 | % | 25,853,746 | 44.05 | % | ||||||||||
William J. Weymark | 32,875,316 | 56.01 | % | 25,816,029 | 43.99 | % | ||||||||||
2. Appointment of Auditors
KPMG LLP, Chartered Accountants, were reappointed as auditors of the Corporation to hold office until the next annual meeting, and the Directors were authorized to fix their remuneration. The results were as follows:
| Votes For | Percent | Votes Withheld | Percent | |||||||||||
| 112,369,269 | 97.12 | % | 3,332,069 | 2.88 | % | |||||||||
3. Approval of Amended and Restated RRSP Plan
Shareholders approved the resolution confirming and ratifying the Company’s Amended and Restated RRSP Plan, the text of which resolution is set forth in Schedule A of the Management Information Circular dated April 1, 2013. The results were as follows:
| Votes For | Percent | Votes Withheld | Percent | |||||||||||
| 55,360,896 | 94.33 | % | 3,330,450 | 5.67 | % | |||||||||
4. Approval of Amended and Restated Stock Option Plan
Shareholders approved the resolution confirming and ratifying the Company’s Amended and Restated Stock Option Plan, the text of which resolution is set forth in Schedule B of the Information Circular. The results were as follows:
| Votes For | Percent | Votes Withheld | Percent | |||||||||||
| 54,922,849 | 93.58 | % | 3,768,496 | 6.42 | % | |||||||||
www.nap.com
5. Approval of Amended and Restated By-law No.1
Shareholders approved the resolution confirming and ratifying the Company’s Amended and Restated By-law No. 1, the text of which resolution is set forth in Schedule C of the Information Circular. The results were as follows:
| Votes For | Percent | Votes Withheld | Percent | |||||||||||
| 55,617,960 | 94.76 | % | 3,073,386 | 5.24 | % | |||||||||
6. Approval of Advance Notice By-law
Shareholders approved the resolution confirming and ratifying the Company’s Advance Notice By-law, the text of which resolution is set forth in Schedule D of the Information Circular. The results were as follows:
| Votes For | Percent | Votes Withheld | Percent | |||||||||||
| 55,940,526 | 95.31 | % | 2,750,820 | 4.69 | % | |||||||||
The formal Report on Voting Results with respect to all matters voted upon at the AGM will be filed with the Canadian securities regulatory authorities shortly.
About North American Palladium
NAP is an established precious metals producer that has been operating its flagship Lac des Iles mine (LDI) located in Ontario, Canada since 1993. LDI is one of only two primary producers of palladium in the world, and is currently undergoing a major expansion to increase production and reduce cash costs per ounce. NAP operates with the vision of becoming a low cost mid-tier precious metals producer. The Company’s shares trade on the NYSE MKT under the symbol PAL and on the TSX under the symbol PDL.
For further information please contact:
Camilla Bartosiewicz
Director, Investor Relations and Corporate Communications
Telephone: 416-360-7374
Email:camilla@nap.com
www.nap.com
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