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 Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.

The 2018 Annual Meeting of Shareholders of Avista Corp. was held on May 10, 2018. Three proposals were submitted to shareholders as disclosed in Avista Corp.'s Definitive Proxy Statement filed on March 29, 2018, of which all three were approved. There were 65,667,469 shares of common stock issued and outstanding as of March 9, 2018, the record date, with 57,354,219 shares represented at said meeting. The proposals and the results of the voting are as follows:

Proposal 1: Election of eleven directors, for one-year terms expiring at the 2019 Annual Meeting of Shareholders, and until their successors are elected. After the consummation of the proposed acquisition of the Company by Hydro One Limited (Hydro One), the Board of Directors will be restructured as contemplated in the merger agreement, and, if such consummation occurs prior to the 2019 Annual Meeting of Shareholders, as is currently expected, some directors elected at the 2018 Annual Meeting will not serve their full term.

Director

For

Against

Abstain

Broker

Non-Votes

Erik J. Anderson

49,077,512

682,724

156,084

7,437,899

Kristianne Blake

45,040,546

4,726,884

148,890

7,437,899

Donald C. Burke

49,379,980

373,295

163,045

7,437,899

Rebecca A. Klein

49,498,998

263,200

154,122

7,437,899

Scott H. Maw

49,436,562

303,717

176,041

7,437,899

Scott L. Morris

48,028,986

1,709,932

177,402

7,437,899

Marc F. Racicot

49,439,690

313,206

163,424

7,437,899

Heidi B. Stanley

49,140,139

615,482

160,699

7,437,899

R. John Taylor

48,159,224

1,587,918

169,178

7,437,899

Dennis P. Vermillion

48,262,361

1,479,872

174,087

7,437,899

Janet D. Widmann

49,402,806

357,925

155,589

7,437,899

All directors were elected since the number of votes cast “for” each nominee exceeded the number of votes “against.” Abstentions and broker non-votes had no effect on the election.

Proposal 2: Ratification of the appointment of Deloitte& Touche LLP as the Company's independent registered public accounting firm for 2018.

For

Against

Abstain

Broker

Non-Votes

55,219,536

1,847,267

287,416

N/A

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: Advisory (non-binding) vote on executive compensation.

For

Against

Abstain

Broker

Non-Votes

47,744,607

1,843,365

328,348

7,437,899

This advisory (non-binding) resolution was approved as the number of votes cast “for” exceeded the number of votes “against.” Abstentions and broker non-votes 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.

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