TK » Topics » ELECTION OF DIRECTORS

This excerpt taken from the TK 6-K filed May 7, 2007.
ELECTION OF DIRECTORS
 
Teekay’s Board of Directors currently consists of nine directors divided into three classes: Class I, Class II and Class III. The number of directors in each class is required to be as nearly equal as possible. At the 2007 annual meeting, three Class II directors will be elected to serve for three-year terms until the 2010 annual meeting and until their successors are elected. The remaining six directors are divided into two classes of three Class III directors and three Class I directors, whose terms expire in 2008 and 2009, respectively. Votes may not be cast for a greater number of director nominees than three.
 
Information regarding the business experience of each nominee is provided below. There are no family relationships among Teekay’s executive officers and directors.
 
If you sign your proxy or voting instruction card but do not give instructions for the voting of directors, your shares will be voted “FOR” the three persons recommended by the Board. If you wish to give specific instructions for the voting of directors, you may do so by indicating your instructions on your proxy or voting instruction card.
 
The three persons receiving the highest number of “FOR” votes represented by shares of Teekay common stock, present in person or represented by proxy and entitled to be voted at the annual meeting will be elected.
 
The Board expects that all of the nominees will be available to serve as directors. If for any unforeseen reason any of the Board’s nominees is not available as a candidate for director, the proxyholders, Bjorn Moller, Peter Evensen and Arthur J. Bensler, will vote your proxy for such other candidate or candidates as may be nominated by the Board, unless the Board chooses to reduce the number of directors serving on the Board.
 
The Board recommends a vote FOR the election to the Board of the each of the following nominees.
 
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