Major Drilling Group International Inc. (TSX: MDI), the world's largest provider of drilling services to the metals and mining industry, announced the results of its hybrid annual general meeting held on September 3, 2026. All eight director nominees were elected, shareholder participation exceeded 79% of common shares, and Alvaro Ossio joined the board as a new director. Investors are watching as the company continues to build out its governance structure amid what it separately described as record quarterly revenue.

Key Points

  • Major Drilling Group International Inc. (TSX: MDI) held its hybrid annual general meeting on September 3, 2026
  • All eight director nominees were elected, with individual approval votes ranging from approximately 97% to nearly 100%
  • Shareholder participation was high, with over 79% of shares voted, representing 65,553,399 common shares
  • Investors may be watching the addition of Alvaro Ossio to the board and his international mining and finance background

All Eight Director Nominees Elected With Strong Shareholder Support

Major Drilling confirmed that all eight nominees listed in its Management Information Circular dated July 16, 2026 were successfully elected at the meeting. Vote tallies showed strong support across the board, with six of the eight nominees receiving approval above 99%. Caroline Donally and Denis Larocque each received 99.92% support, Shannon McCrae received 99.90%, Kim Keating 99.87%, Alvaro Ossio 99.97%, and Sybil Veenman 99.35%. Louis-Pierre Gignac and Janice Rennie received 97.21% and 97.06% approval, respectively, both figures the company did not flag as problematic in its release.

Deloitte Reappointed and Executive Compensation Plan Approved by Shareholders

Beyond the director election, shareholders endorsed two additional matters at the meeting. The board's approach to executive compensation received 97% approval, signalling broad investor alignment with the company's pay practices. Separately, the appointment of Deloitte LLP as the corporation's independent auditors also received 97% approval. The company did not disclose the specific compensation figures or audit fee amounts in this announcement. The formal voting results report covering all matters voted upon at the meeting has been made publicly available by the company.

New Director Alvaro Ossio Brings Over 25 Years of Mining Finance Experience

The company welcomed Alvaro Ossio as a new member of the Board of Directors. According to the release, Ossio has more than 25 years of experience in the mining and financial sectors, with senior finance roles at Minera Las Bambas S.A., Minsur S.A., BHP Base Metals Chile, and Compañía Minera Antamina S.A. His experience spans operations in Peru, Chile, and Brazil, with specific expertise in financial management, strategic planning, capital allocation, and operational transformation. Major Drilling did not disclose which board committee, if any, Ossio has been appointed to at this time.