AVISTA CORPORATION (NYSE:AVA) Files An 8-K Submission of Matters to a Vote of Security Holders

AVISTA CORPORATION (NYSE:AVA) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders.

On November 21, 2017, Avista Corporation (Avista Corp. or the Company) held a special meeting of shareholders to approve the proposed acquisition of the Company by Hydro One Limited (Hydro One). Three proposals were submitted to shareholders as disclosed in Avista Corp.'s Definitive Proxy Statement filed on October 2, 2017, and all three were approved. There were 64,414,508 shares of common stock issued and outstanding as of September 29, 2017, the proxy record date, with 51,050,156 shares represented at said meeting. The proposals and the results of the voting are as follows:

Proposal 1: To consider and vote on a proposal to approve the Agreement and Plan of Merger, dated July 19, 2017 (the “merger agreement”), by and among Hydro One Limited, a corporation organized under the laws of the Province of Ontario (Hydro One), Olympus Holding Corp., a newly formed Delaware corporation that is an indirect, wholly owned subsidiary of Hydro One (US Parent), Olympus Corp., a newly formed Washington corporation that is an indirect, wholly owned subsidiary of Hydro One (Merger Sub), and Avista Corp., a Washington corporation, and the plan of merger set forth therein.

This proposal was approved as the number of votes cast “for” exceeded the number of votes “against.” Abstentions had no effect on the outcome.

Proposal 2: To consider and vote on a nonbinding, advisory proposal to approve the compensation that may be paid or may become payable to the Company’s named executive officers in connection with, or following, the consummation of the merger, which the Company refers to as the “nonbinding compensation proposal.”

This proposal was approved as the number of votes cast “for” exceeded the number of votes “against.” Abstentions had no effect on the outcome.

Proposal 3: At the special meeting of shareholders, there was a quorum present and sufficient votes in favor of Proposal1 (the Agreement and Plan of Merger, as specified above). Had it been necessary, Proposal 3 was as follows: To approve the adjournment of the special meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the special meeting to approve the merger agreement and the plan of merger set forth therein.

This proposal was approved as the number of votes cast “for” exceeded the number of votes “against.” Abstentions had no effect on the outcome.

About AVISTA CORPORATION (NYSE:AVA)
Avista Corporation is an electric and natural gas utility with certain other business ventures. The Company operates through two business segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment generates, transmits and distributes electricity, and distributes natural gas serving electric and natural gas customers in eastern Washington and northern Idaho and natural gas customers in parts of Oregon. AEL&P is a utility providing electric services in Juneau, Alaska. It operates other businesses, including sheet metal fabrication, venture fund investments and real estate investments, as well as certain other investments of Avista Capital, Inc., a subsidiary of the Company. Through Advanced Manufacturing and Development (AM&D), doing business as METALfx, the Company performs custom sheet metal fabrication of electronic enclosures, parts and systems for the computer, construction, telecommunication, renewable energy and medical industries.