Annual Report and Proxy Statement

Annual Report and Proxy Statement

2017 Annual Meeting Results

Otter Tail Corporation held its Annual Shareholder Meeting April 10, 2017. As of the February 15, 2017 record date, there were a total of 39,410,863 common shares entitled to vote, of which 32,054,664 shares were voted in person or by proxy for a percentage of 81.33%. The proposals voted upon and approved by the Company's shareholders were:

  1. Election of three members of the Board of Directors;
  2. Advisory vote approving the compensation provided to executive officers;
  3. Advisory vote on interval for the advisory vote on executive compensation; and
  4. Ratification of Deloitte & Touche LLP as our independent registered accounting firm for 2017.

The following is a summary of the voting results of each proposal to the shareholders:

Proposal #1 - Election of Directors FOR % O/S Shares % Voted Shares WITHHOLD % O/S Shares % Voted Shares BROKER -NON-VOTES % O/S Shares Total Shares Voted
John D Erickson 22,827,307 57.92% 71.21% 601,747 1.53% 1.88% 8,625,610 21.89% 32,054,664
Nathain I Partain 22,883,355 58.06% 71.39% 545,699 1.38% 1.70% 8,625,610 21.89% 32,054,664
James B Stake 21,816,845 55.36% 68.06% 1,612,209 4.09% 5.03% 8,625,610 21.89% 32,054,664

Proposal #2 FOR % O/S Shares % Voted Shares AGAINST % O/S Shares % Voted Shares ABSTAINS % O/S Shares % Voted Shares BROKER -NON-VOTES % O/S Shares Total Shares Voted
Executive Compensation 21,975,201 55.76% 68.555% 1,148,610 2.91% 3.58% 305,243 0.77% 0.952% 8,625,610 21.89% 32,054,664

Proposal #3 1 YEAR % O/S Shares % Voted Shares 2 YEARS % O/S Shares % Voted Shares 3 YEARS % O/S Shares % Voted Shares ABSTAINS % O/S Shares % Voted Shares BROKER -NON-VOTES % O/S Shares Total Shares Voted
Frequency of Advisory Vote 18,913,174 47.99% 59.003% 448,244 1.14% 1.40% 3,710,519 9.41% 11.58% 357,117 0.91% 1.114% 8,625,610 21.89% 32,054,664

Proposal #4 FOR % O/S Shares % Voted Shares AGAINST % O/S Shares % Voted Shares ABSTAINS % O/S Shares % Voted Shares BROKER -NON-VOTES % O/S Shares Total Shares Voted
Accounting Firm 31,381,746 79.63% 97.901% 488,055 1.24% 1.52% 184,863 0.47% 0.577% 0 32,054,664



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