8-K

ENBRIDGE INC 8-K Report (Dec 5, 2014)

Filed December 5, 2014For Securities:ENBENBMFEBBGFEBRGFEBRZFENBGFENBRFENFFFEBGEFENBFFENBHFENBNFENBOFENBSFEBBNFENNPF

Summary

Enbridge Inc. filed a Form 6-K on December 5, 2014, primarily to report the adoption of its new By-Law No. 2, relating to advance notice for director nominations. This by-law establishes a formal framework and specific timelines for shareholders wishing to nominate individuals for election to the company's Board of Directors at annual or special meetings. The key objective of By-Law No. 2 is to ensure an orderly and efficient meeting process, provide adequate notice and information to shareholders regarding director nominees, and allow for informed voting. It outlines the procedures for "Nominating Shareholders," including detailed information requirements about both the proposed nominee and the shareholder themselves, as well as strict deadlines for submitting nominations relative to meeting announcement dates.

Key Highlights

  • 1Enbridge Inc. filed a Form 6-K on December 5, 2014.
  • 2The primary purpose of the filing is the adoption of Enbridge's By-Law No. 2.
  • 3By-Law No. 2 governs the advance notice procedures for nominating directors.
  • 4It aims to facilitate orderly and efficient shareholder meetings and informed voting.
  • 5The by-law specifies timelines for shareholders to submit director nominations.
  • 6Detailed disclosure requirements are outlined for both nominating shareholders and proposed nominees.
  • 7The by-law is subject to confirmation by ordinary resolution at the next shareholder meeting.

Frequently Asked Questions

The main purpose of this filing is to report the adoption of Enbridge Inc.'s By-Law No. 2, which establishes the procedures and requirements for shareholders to provide advance notice when nominating individuals for election to the company's Board of Directors.

A shareholder (a 'Nominating Shareholder') must provide timely written notice to the Corporate Secretary. This notice must include specific details about the proposed nominee (name, address, occupation, share ownership, potential conflicts of interest, etc.) and the Nominating Shareholder (name, address, share ownership, intent to solicit proxies). Strict deadlines apply based on whether it's an annual or special meeting and when the meeting date is publicly announced.

For an annual meeting, notice must be given at least 30 days before the meeting, or within 10 days of the meeting date's public announcement if less than 50 days' notice is given. For a special meeting called to elect directors, notice must be given within 15 days of the meeting date's public announcement.

Yes, the by-law states that the Board of Directors may, in its sole discretion, waive any requirement outlined in By-Law No. 2.