🧾 What This Document Is

This is Cameco's (CCJ) 2026 annual shareholder meeting package. It's not a quarterly earnings report, but the official invitation and information booklet for their yearly meeting where shareholders vote on key company matters.

👉 Why it matters: If you own Cameco stock, this tells you how, when, and where to vote your shares and what you're voting on. It's your chance as an owner to have a say in the company's direction.

🏢 What The Company Does

In simple terms: Cameco is one of the world's largest uranium producers. They mine and process uranium, which is the essential fuel for nuclear power plants. Think of them as a critical supplier in the clean energy supply chain, providing the "gas" for nuclear reactors that generate carbon-free electricity.

Key Assets: They own controlling stakes in the world's largest high-grade uranium reserves, mostly in Saskatchewan, Canada.
Strategic Expansion: They've moved beyond just mining by owning part of Westinghouse Electric Company, a major nuclear reactor and fuel services provider.

📅 Key Meeting Logistics

When: Thursday, May 7, 2026, at 10:00 a.m. CST.
Where: Virtual-only via webcast: https://meetings.lumiconnect.com/400-707-444-004
Password: cameco2026 (case-sensitive).
Record Date: You must have owned Cameco shares by March 9, 2026, to vote.
Voting Deadline: To vote in advance (by proxy), Computershare must receive your instructions by 10:00 a.m. CST on Tuesday, May 5, 2026.

👉 Why it matters: This is a virtual meeting, so you can participate from anywhere. The deadline to vote before the meeting is crucial—don't miss it!

🗳️ What Shareholders Will Vote On

The core business of the meeting includes four main items:

Receive Financials: Hear the 2025 audited financial results.
Elect Directors: Vote on nine nominees to the Board of Directors for one-year terms. One long-serving director, Daniel Camus, is retiring.
Reappoint Auditors: Vote to keep KPMG LLP as the company's auditor.
"Say on Pay" (Advisory Vote): Vote on the company's approach to executive compensation. This is non-binding but gives management feedback.

👉 Why it matters: Electing the board sets oversight. Reappointing auditors ensures financial check-ups continue. The "Say on Pay" vote is your chance to approve or disapprove of how top executives are paid.

💰 Financial Snapshot (From Last Year's Vote)

While this filing isn't about financial results, it tells us how shareholders voted on these same items in 2025:

Director Elections: All nominees received overwhelming support (97% to 99% "for" votes).
Auditor Appointment: KPMG was reappointed with 90.05% of votes in favor.
Executive Compensation: The approach to pay was approved with 97.19% of votes in favor.

👉 Why it matters: These high approval numbers from 2025 indicate strong shareholder confidence in the company's leadership and governance.

👥 The Board & Governance

The nominated board is a mix of independence and expertise:

Independence: 7 out of 9 nominees (78%) are independent. CEO Tim Gitzel and Indigenous leader Tammy Cook-Searson are the non-independent members.
Key Skills: The board is packed with experts in mining, finance, nuclear energy, governance, and Indigenous relations.
Term Limits: Directors face a 15-year term limit, promoting refreshment.

👉 Why it matters: A skilled, independent-majority board is essential for proper oversight of management and strategy.

⚖️ Ownership & Voting Rules - A Critical Detail

Cameco has special rules to stay "Canadian-controlled":

Non-Resident Limit: No single non-Canadian shareholder can control more than 15% of voting shares.
Voting Cap: The total votes from all non-residents are capped at 25% of votes cast at the meeting. Votes above this cap are proportionally reduced.
Residency Declaration: You may need to declare your residency to vote.

👉 Why it matters: This can affect the weight of your vote if you're an international investor. It's a legal requirement for Cameco to maintain its structure.

💸 How to Vote & Get Help

The filing provides incredibly detailed, step-by-step instructions for different types of shareholders:

Registered vs. Beneficial Owners: The process differs if you hold shares directly or through a broker/bank.
Methods: You can vote online, by phone, or by mail in advance.
At the Meeting: If you want to vote live during the webcast, you must appoint yourself as proxyholder and register with Computershare by the deadline.
Need Help? Contact the proxy solicitor:
- Phone: 1-888-518-1558 (North America) | 437-561-4997 (text/call elsewhere)
- Email: [email protected]

👉 Why it matters: The process has multiple steps and deadlines. If you want your vote to count, follow the instructions for your specific shareholder type carefully.

🧠 The Analogy

Think of this meeting as a mandatory, annual virtual town hall for the owners of a massive clean-energy fuel company. The board and management are the "city council and mayor" reporting back, asking you to re-approve their key officials (directors, auditors) and give a non-binding thumbs-up on their paychecks, all while explaining the rules of the town (voting restrictions).

📇 Key Contacts & People

Corporate Secretary (Signatory): Jenny Hoffman, Saskatoon, Saskatchewan
Proxy Solicitor (For Voting Help):
- Kingsdale Advisors
- Toll-free (N. America): 1-888-518-1558
- Text/Call (Outside N. America): 437-561-4997
- Email: [email protected]
Transfer Agent (For Shareholder Services):
- Canada: Computershare Investor Services Inc.
- U.S.: Computershare Trust Company, N.A.
Key Board Nominees (of 9):
- Catherine Gignac (Chair)
- Tammy Cook-Searson
- Tim Gitzel (CEO)
- Marie Inkster
- Kathryn (Kate) Jackson
- Don Kayne
- Peter Kukielski
- Dominique Minière
- Leontine van Leeuwen-Atkins
Proposed Auditor: KPMG LLP

🧩 Final Takeaway

This is your instruction manual to vote your Cameco shares at the virtual annual meeting on May 7, 2026. The key actions are to elect nine directors, reappoint KPMG as auditor, and give a "say on pay" vote. Pay close attention to the May 5 proxy deadline and the special voting restrictions for non-Canadian shareholders.

CAMECO CORP — 6-K Filing