VALCOURT, QC, June 1, 2023
/PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) (the "Company")
held earlier today its annual meeting of shareholders in a virtual
format. The meeting was broadcasted via live webcast and the
recording will be available shortly on BRP's website at
www.brp.com.
During the meeting, the Company acknowledged the departure from
the Board of Directors of Mr. Louis Laporte and thanked him
for his many years of contribution to the success of the Company.
Mr. Laporte has been a member of the Board of Directors since the
inception of BRP in 2003 and he has been a member of the Investment
and Risk Committee since the Company's initial public offering. He
also acted as Chairman of the Investment and Risk Committee for six
of those ten years.
At the meeting, all of the nominees for directors listed in the
Company's management proxy circular dated April 27, 2023 were elected by a majority of the
votes cast by shareholders present or represented by proxy. Voting
results for each nominee were as follows:
Nominee
|
Votes
For
|
%
|
Votes
Against
|
%
|
Élaine
Beaudoin
|
281,093,825
|
99.43 %
|
1,614,458
|
0.57 %
|
Pierre
Beaudoin
|
270,113,810
|
95.55 %
|
12,594,472
|
4.45 %
|
Joshua
Bekenstein
|
264,414,129
|
93.53 %
|
18,294,153
|
6.47 %
|
José
Boisjoli
|
281,034,099
|
99.41 %
|
1,674,183
|
0.59 %
|
Charles
Bombardier
|
281,093,495
|
99.43 %
|
1,614,786
|
0.57 %
|
Ernesto M.
Hernández
|
282,621,322
|
99.97 %
|
86,960
|
0.03 %
|
Katherine
Kountze
|
282,621,749
|
99.97 %
|
86,534
|
0.03 %
|
Estelle
Métayer
|
282,144,893
|
99.80 %
|
563,388
|
0.20 %
|
Nicholas
Nomicos
|
282,340,601
|
99.87 %
|
367,681
|
0.13 %
|
Edward
Philip
|
278,408,071
|
98.48 %
|
4,300,212
|
1.52 %
|
Michael Ross
|
282,685,472
|
99.99 %
|
22,809
|
0.01 %
|
Barbara
Samardzich
|
282,508,883
|
99.93 %
|
199,400
|
0.07 %
|
Changes to the Board Committees
Mr. Nicholas Nomicos has joined
the Investment and Risk Committee, replacing Mr. Laporte, while
Mr. Michael Ross joined the Audit Committee. As a result of
the foregoing changes, the composition of the Board committees is
now as follows:
Directors
|
Audit
Committee
|
Human
Resources &
Compensation
Committee
|
Investment
and Risk
Committee
|
Nominating,
Governance
and Social
Responsibility
Committee
|
Pierre
Beaudoin
|
|
Member
|
|
Member
|
Joshua
Bekenstein
|
|
Member
|
|
Member
|
José Boisjoli
(Chair)
|
|
|
Member
|
|
Charles
Bombardier
|
|
|
Member
|
|
Katherine
Kountze
|
Member
|
|
|
|
Ernesto M.
Hernández
|
Member
|
|
Member
|
|
Estelle
Métayer
|
Member
|
|
|
Member
|
Nicholas
Nomicos
|
Chair
|
|
Member
|
|
Edward
Philip
|
|
Chair
|
|
Chair
|
Michael Ross
|
Member
|
|
|
|
Barbara Samardzich
(Lead independent director)
|
|
Member
|
Chair
|
|
To learn more about BRP's Board members, click here.
CAUTION CONCERNING
FORWARD-LOOKING STATEMENTS
Certain statements included in this press release are
"forward-looking statements" within the meaning of Canadian and
United States securities laws,
including statements that are not historical facts. Forward-looking
statements are typically identified by the use of terminology such
as "may", "will", "would", "should", "could", "expects",
"forecasts", "plans", "intends", "trends", "indications",
"anticipates", "believes", "estimates", "outlook", "predicts",
"projects", "likely" or "potential" or the negative or other
variations of these words or other comparable words or phrases.
Forward-looking statements, by their very nature, involve inherent
risks and uncertainties and are based on a number of assumptions,
and are subject to important risks and uncertainties, both general
and specific, made by the Company in light of its experience and
perception of historical trends. Forward-looking statements cannot
be relied upon due to, amongst other things, changing external
events and general uncertainties of the business. Forward-looking
statements are subject to numerous factors, many of which are
beyond BRP's control, including the risk factors disclosed
previously and from time to time in BRP's filings with the
securities regulatory authorities in each of the provinces and
territories of Canada and
the United States, available on
SEDAR at sedar.com or EDGAR at sec.gov, respectively. The
forward-looking statements contained in this press release
represent BRP's expectations as of the date of this press release
(or as of the date they are otherwise stated to be made), and are
subject to change after such date. However, BRP disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except as required under applicable securities
regulations.
About BRP
BRP Inc. is a global leader in the world of powersports
products, propulsion systems and boats built on over 80 years of
ingenuity and intensive consumer focus. Through its portfolio of
industry-leading and distinctive brands featuring Ski-Doo and Lynx
snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and
off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion
systems as well as Rotax engines for karts and recreational
aircraft, BRP unlocks exhilarating adventures and provides access
to experiences across different playgrounds. The Company completes
its lines of products with a dedicated parts, accessories and
apparel portfolio to fully optimize the riding experience.
Committed to growing responsibly, BRP is developing electric models
for its existing product lines and exploring new low voltage and
human assisted product categories. Headquartered in Quebec, Canada, BRP has annual sales of CA$10
billion from over 130 countries and a global workforce of close to
23,000 driven, resourceful people.
www.brp.com
@BRPNews
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex, and the BRP logo are
trademarks of Bombardier Recreational Products Inc. or its
affiliates. All other trademarks are the property of their
respective owners.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/brp-announces-election-of-directors-and-board-committee-composition-301840766.html
SOURCE BRP Inc.