KEY DOCUMENT
NEWS
May 05, 2025
Parkland Corporation to be Acquired by Sunoco LP
CALGARY, AB, May 5, 2025 /CNW/ - Sunoco LP (NYSE: SUN) ("Sunoco" or the "Partnership") and Parkland Corporation (TSX: PKI) ("Parkland") announced today that they have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately U.S.$9.1 billion, including assumed debt (the "Transaction").
April 29, 2025
ISS Supports Parkland’s Experienced Directors; Raises Concerns with Simpson’s Control Effort
CALGARY, AB, April 29, 2025 – Parkland Corporation ("Parkland" or "the Company") (TSX: PKI) today commented on the report1 issued by Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, regarding the election of directors at Parkland's Annual General Meeting scheduled for May 6, 2025. In addition, Parkland’s Executive Chairman, Michael Jennings released a short video to all shareholders. It can be viewed here.
ISS affirmed that Simpson Oil Limited (“Simpson”) has failed to meet the high bar required to justify a control slate, stating explicitly:
“… the bar for a control slate is high, and the dissident has not cleared it outright.”
April 21, 2025
Parkland Strongly Reaffirms Board’s Capability to Lead Strategic Review and Maximize Shareholder Value
CALGARY, ALBERTA – April 21, 2025 – Parkland Corporation (“Parkland” or the “Company”) today announced that it has published a presentation, available for download here that comprehensively refutes the claims being advanced by Simpson Oil Limited (“Simpson”) and demonstrates Parkland’s refreshed, experienced, and independent Board is the right team to lead the Company through its ongoing Strategic Review process.
“This is a clear attempt by a minority shareholder to seize full control of Parkland without offering a control premium to its fellow shareholders—and without the experience or qualifications required to oversee a complex strategic review,” said Michael Jennings, Executive Chair of Parkland. “The hand-picked Simpson dissident slate lacks independence, expertise, and credibility. In contrast, Parkland’s Board is highly independent, has significant and relevant expertise, and is committed to advancing a thorough process that delivers value for all shareholders—not just one.”
April 16, 2025
Parkland Announces Management and Business Updates
CALGARY, AB – April 16, 2025 – Parkland Corporation ("Parkland" or the "Company") today announced key management and business updates.
CEO Succession
Bob Espey has informed the Board of Directors that he will step down as President and Chief Executive Officer of Parkland.
“On behalf of the Board, I would like to thank Bob for his vision and leadership over the last fifteen years as President & CEO,” said Michael Jennings, Executive Chair of Parkland. “Bob has led Parkland through a period of exponential growth, transforming the Company from a small regional fuel retailer into one of Canada’s leading fuel and convenience retailers with international operations in twenty-six countries. We thank him for his unwavering commitment and dedication.”
April 07, 2025
Parkland Announces 2025 Board Nominees and Filing of Management Information Circular
Adds Three Simpson Nominees to its Board Slate, and will Include One on the Special Committee Overseeing the Strategic Review Appoints Brad Monaco as permanent Chief Financial Officer, effective immediately
CALGARY, AB, April 7, 2025 – Parkland Corporation ("Parkland", “we”, the "Company" or “our”) (TSX: PKI) will today file a management information circular and accompanying materials in connection with its upcoming annual general meeting of shareholders (“AGM”), scheduled to take place at 9:00 a.m. (MT) on May 6, 2025, in-person, in Calgary, Canada.
April 6, 2025
FUEL RETAILER PARKLAND CORP. DELIVERS STRONG QUARTER IN WAKE OF ACTIVIST INVESTOR PUSH
Less than 12 months after an activist investor critiqued its performance, fuel retailer Parkland Corp. Parkland Corp. has doubled its third quarter profit and announced it will exceed its previously announced earnings guidance for 2023...
