Gildan Activewear Reports on Shareholders’ Voting Results
May 04 2023 - 6:43PM
Gildan Activewear Inc. (GIL; TSX and NYSE) today announced that the
ten nominees proposed as directors in its management proxy circular
dated March 6, 2023 were elected as directors of the Company by a
majority of the votes cast by the shareholders or represented by
proxy at its virtual annual and special meeting of shareholders
held on May 4, 2023 in Montréal. Gildan also notes that a majority
of shareholders voted for the non-binding advisory vote on
Executive Compensation (“Say on Pay”), the reappointment of its
auditors, the ratification and renewal of the Shareholder Rights
Plan, and the approval of the two amendments to the Long Term
Incentive Plan (each a separate voting item). The majority of
shareholders voted against the shareholder proposal.
The voting results are detailed below:
|
FOR |
WITHHELD/AGAINST |
Number |
% |
Number |
% |
Resolution 1 |
|
|
|
|
Appointment of Auditors |
142,621,232 |
90.81% |
14,429,663 |
9.19% |
Resolution 2 |
|
|
|
|
Election of Directors |
|
|
|
|
Donald C. Berg |
150,038,684 |
96.93% |
4,755,753 |
3.07% |
Maryse Bertrand |
152,992,037 |
98.84% |
1,802,398 |
1.16% |
Dhaval Buch |
153,107,886 |
98.91% |
1,686,549 |
1.09% |
Marc Caira |
153,101,747 |
98.91% |
1,692,688 |
1.09% |
Glenn J. Chamandy |
154,162,414 |
99.59% |
632,023 |
0.41% |
Shirley E. Cunningham |
150,410,559 |
97.17% |
4,383,877 |
2.83% |
Charles M. Herington |
150,818,760 |
97.43% |
3,975,675 |
2.57% |
Luc Jobin |
151,481,080 |
97.86% |
3,313,358 |
2.14% |
Craig A. Leavitt |
151,520,464 |
97.88% |
3,273,973 |
2.12% |
Anne Martin-Vachon |
151,098,413 |
97.61% |
3,696,022 |
2.39% |
Resolution 3 |
|
|
|
|
Shareholder Rights Plan |
146,143,419 |
94.41% |
8,651,019 |
5.59% |
Resolution 4 |
Long Term Incentive Plan (1st
Amendment) |
150,373,340 |
97.14% |
4,421,097 |
2.86% |
Resolution 5 |
Long Term Incentive Plan (2nd
Amendment) |
149,440,922 |
96.54% |
5,353,513 |
3.46% |
Resolution 6 |
Executive Compensation |
146,177,931 |
94.43% |
8,616,502 |
5.57% |
Resolution 7 |
Shareholder Proposal |
17,215,117 |
11.12% |
137,579,319 |
88.88% |
About GildanGildan is a leading
manufacturer of everyday basic apparel which markets its products
in North America, Europe, Asia Pacific, and Latin America, under a
diversified portfolio of Company-owned brands, including Gildan®,
American Apparel®, Comfort Colors®, GOLDTOE®, Peds®, and under the
Under Armour® brand through a sock licensing agreement providing
exclusive distribution rights in the United States and Canada. The
Company’s product offerings include activewear, underwear and
socks, sold to a broad range of customers, including wholesale
distributors, screenprinters or embellishers, as well as to
retailers that sell to consumers through their physical stores
and/or e-commerce platforms, and to global lifestyle brand
companies.
Gildan owns and operates vertically integrated,
large-scale manufacturing facilities which are primarily located in
Central America, the Caribbean, North America, and Bangladesh.
Gildan operates with a strong commitment to industry-leading
labour, environmental and governance practices throughout its
supply chain in accordance with its comprehensive ESG program
embedded in the Company's long-term business strategy. More
information about the Company and its ESG practices and initiatives
can be found at www.gildancorp.com.
Investor inquiries: Elisabeth
HamaouiDirector, Investors
Relations514-475-4125ehamaoui@gilan.com |
Media inquiries: Genevieve
Gosselin Director, Global Communications and Corporate
Marketing 514-343-8814 ggosselin@gildan.com |
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