TORONTO, July 24, 2020 /CNW/ - Roots ("Roots,"
"Roots Canada" or the "Company") (TSX: ROOT), a premium-outdoor
lifestyle brand, today announced the results of voting at its
Fiscal 2019 Annual and Special Meeting of Shareholders held earlier
today (the "Meeting"). Each of the matters voted upon at the
Meeting as set out below is described in greater detail in the
Notice of Annual and Special Meeting of Shareholders and Management
Information Circular of Roots dated June 18,
2020.
The total number of shares represented by holders by proxy at
the Meeting was 21,241,989, representing approximately 50.43% of
Roots outstanding shares entitled to be voted.
Election of Directors
All of the nominees listed in
the management information circular prepared in connection with the
Meeting were elected as directors by a resolution passed by a
majority of the shareholders present or represented by proxy at the
Meeting, to hold office until the next annual meeting following
their election or until their successors are elected or appointed,
without a ballot being conducted. The following represents the
proxies received with regard to such matter:
|
Nominee
|
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
|
Phil Bacal
|
21,078,507
|
99.71%
|
61,684
|
0.29%
|
|
Mary Ann
Curran
|
21,085,182
|
99.74%
|
55,009
|
0.26%
|
|
Gregory
David
|
21,079,587
|
99.71%
|
60,604
|
0.29%
|
|
Dale H. Lastman,
C.M.
|
21,079,487
|
99.71%
|
60,704
|
0.29%
|
|
Richard P.
Mavrinac
|
21,075,587
|
99.69%
|
64,604
|
0.31%
|
|
Meghan
Roach
|
21,088,202
|
99.75%
|
51,989
|
0.25%
|
|
Joel
Teitelbaum
|
21,072,107
|
99.68%
|
68,084
|
0.32%
|
|
Erol
Uzumeri
|
21,080,207
|
99.72%
|
59,984
|
0.28%
|
Appointment of Auditors
KPMG LLP was reappointed as
auditor of Roots and the directors were authorized to fix the
auditor's remuneration by a resolution passed by a majority of the
shareholders present or represented by proxy at the Meeting without
a ballot being conducted. The following represents the proxies
received with regard to such matter:
|
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
|
21,210,663
|
99.85%
|
31,326
|
0.15%
|
Amendment to Omnibus Equity Incentive Plan
The
adoption of the amendment to Roots omnibus equity incentive plan
was approved by a resolution passed by a majority of the
shareholders present or represented by proxy at the Meeting without
a ballot being conducted. As a result, the total number of common
shares available for issuance under the omnibus equity incentive
plan has increased from 1,679,220 common shares to 3,679,220 common
shares. The following represents the proxies received with regard
to such matter:
|
Votes
For
|
% Votes
For
|
Votes
Against
|
% Votes
Against
|
|
20,967,134
|
99.18%
|
173,057
|
0.82%
|
About Roots
Established in 1973, Roots is a premium
outdoor-lifestyle brand. We unite the best of cabin and city
through unmistakable style built with uncompromising comfort and
quality. We offer a broad range of products designed for life's
everyday adventures, including: women's and men's apparel, leather
goods, footwear, accessories, and kids, toddler and baby apparel.
Starting from a little cabin in Algonquin
Park, Canada, Roots has grown to become a global brand. As
of May 2, 2020, we operated 114
corporate-retail stores in Canada,
two corporate-retail stores in the United
States, 115 partner-operated stores in Taiwan, 37 partner-operated stores in
China, two partner-operated stores
in Hong Kong and a global
eCommerce platform, roots.com. Roots Corporation is a Canadian
corporation doing business as "Roots" and "Roots Canada".
SOURCE Roots Corporation