MONTREAL, Aug. 5, 2022
/PRNewswire/ - Lightspeed Commerce Inc. ("Lightspeed" or the
"Company") (TSX: LSPD) (NYSE: LSPD), the one-stop commerce platform
for merchants around the world to simplify, scale and create
exceptional customer experiences, today announced the voting
results for the items of business put forth by the Company at its
annual and special shareholders meeting held on August 4th, 2022 (the "Meeting").
1.
Election of Directors
The eight (8) candidates proposed as directors were duly elected
directors of the Company by a majority of the votes cast by the
shareholders present or represented by proxy at the Meeting, as
follows:
Name of
Nominee
|
Votes
For
|
%
|
Votes
Withheld
|
%
|
Patrick
Pichette
|
91,087,922
|
98.60 %
|
1,296,782
|
1.40 %
|
Dax Dasilva
|
90,724,978
|
98.20 %
|
1,659,726
|
1.80 %
|
Dale Murray
|
90,069,887
|
97.49 %
|
2,314,817
|
2.51 %
|
Jean Paul
Chauvet
|
91,959,257
|
99.54 %
|
425,447
|
0.46 %
|
Merline
Saintil
|
49,759,953
|
53.86 %
|
42,624,751
|
46.14 %
|
Nathalie
Gaveau
|
91,161,068
|
98.68 %
|
1,223,636
|
1.32 %
|
Paul
McFeeters
|
92,170,100
|
99.77 %
|
214,604
|
0.23 %
|
Rob Williams
|
91,929,327
|
99.51 %
|
455,377
|
0.49 %
|
2.
Appointment of Auditors
A ballot was conducted with respect to the appointment of
PricewaterhouseCoopers LLP ("PwC") as the Company's auditors.
According to the proxies received and ballots cast, PwC was
appointed the Company's auditors with the following results:
Votes
For:
94,302,444 (99.90%)
Votes Withheld: 95,741 (0.10%)
3.
Advisory Vote on Executive Compensation
A ballot was conducted with respect to approving an advisory,
non-binding resolution on the Company's approach to executive
compensation as more fully described in the Company's management
information circular. According to the proxies received and ballots
cast, such advisory, non-binding resolution on the Company's
approach to executive compensation was approved with the following
results:
Votes
For:
63,985,334 (69.26%)
Votes Against: 28,399,369
(30.74%)
The board of directors of the Company (the "Board") was pleased
to see majority support in favor of the Company's approach to
executive compensation. The Board and management took steps to
understand shareholder concerns and address them in advance of this
vote, as noted in the Company's most recent management information
circular, but will further engage with shareholders to listen to
any concerns with the Company's approach to executive
compensation.
4.
Forum Selection By-Law
A ballot was conducted with respect to approving a resolution of
the shareholders approving a forum selection by-law as more fully
described in the Company's management information circular.
According to the proxies received and ballots cast, such resolution
to approve a forum selection by-law was approved with the following
results:
Votes
For:
50,919,494 (55.12%)
Votes Against: 41,465,209
(44.88%)
Final voting results on all matters voted at the Meeting are
available on Lightspeed's website and on SEDAR at www.sedar.com and
EDGAR at www.sec.gov.
About Lightspeed
Powering the businesses that are the backbone of the global
economy, Lightspeed's one-stop commerce platform helps merchants
innovate to simplify, scale and provide exceptional customer
experiences. Our cloud commerce solution transforms and unifies
online and physical operations, multichannel sales, expansion to
new locations, global payments, financial solutions and connection
to supplier networks.
Founded in Montréal, Canada in
2005, Lightspeed is dual-listed on the New York Stock Exchange
(NYSE: LSPD) and Toronto Stock Exchange (TSX: LSPD). With teams
across North America, Europe and Asia
Pacific, the company serves retail, hospitality and golf
businesses in over 100 countries.
For more information, please visit: www.lightspeedhq.com
On social media: LinkedIn, Facebook, Instagram, YouTube, and
Twitter
Forward-Looking
Statements
This news release may include forward-looking information and
forward-looking statements within the meaning of applicable
securities laws ("forward-looking statements"). Forward-looking
statements are statements that are predictive in nature, depend
upon or refer to future events or conditions and are identified by
words such as "will", "expects", "anticipates", "intends", "plans",
"believes", "estimates" or similar expressions concerning matters
that are not historical facts. Such statements are based on current
expectations of Lightspeed's management and inherently involve
numerous risks and uncertainties, known and unknown, including
economic factors. A number of risks, uncertainties and other
factors may cause actual results to differ materially from the
forward-looking statements contained in this news release,
including, among other factors, those risk factors identified in
our most recent Management's Discussion and Analysis of Financial
Condition and Results of Operations, under "Risk Factors" in our
most recent Annual Information Form, and in our other filings with
the Canadian securities regulatory authorities and the U.S.
Securities and Exchange Commission, all of which are available
under our profile on SEDAR at www.sedar.com and on EDGAR at
www.sec.gov. Readers are cautioned to consider these and other
factors carefully when making decisions with respect to
Lightspeed's subordinate voting shares and not to place undue
reliance on forward-looking statements. Forward-looking statements
contained in this news release are not guarantees of future
performance and, while forward-looking statements are based on
certain assumptions that Lightspeed considers reasonable, actual
events and results could differ materially from those expressed or
implied by forward-looking statements made by Lightspeed. Except as
may be expressly required by applicable law, Lightspeed does not
undertake any obligation to update publicly or revise any such
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE Lightspeed Commerce Inc.