Business Context and Reporting Period
This Form 6-K filing by Canadian Pacific Railway Limited covers the month of May 2013. The document serves as a report on the voting results from the Annual Meeting of Shareholders held on May 1, 2013, in Toronto, Ontario.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly limited to corporate governance voting outcomes and contains no financial performance data.
Material Changes
No material financial changes versus a prior comparable period are reported in this filing. The document details the ratification of auditors, an advisory vote on executive compensation, and the election of directors.
Guidance, Outlook, and Management Commentary
The filing does not contain guidance, outlook, or management commentary regarding future operations. It references the 2013 Management Proxy Circular for greater detail on the matters voted upon.
Voting Results Summary
- Appointment of Auditors: Deloitte LLP was appointed with 99.74% of votes in favor.
- Executive Compensation: The advisory vote to accept the Corporation's approach received 71.49% of votes in favor, with 28.51% against.
- Election of Directors: All thirteen nominees were elected. Support ranged from 97.90% (Paul C. Hilal) to 99.76% (Isabelle Courville).
Important Facts for Investor Verification
- Verify the specific details of the executive compensation plan referenced in the 2013 Management Proxy Circular, given the significant minority vote (28.51%) against the advisory proposal.
- Confirm the tenure and specific roles of the newly elected directors, particularly noting the high support levels for all nominees.
- Review the full 2013 Management Proxy Circular for context on the auditor appointment and director biographies.