Canada markets open in 7 hours 24 minutes
  • S&P/TSX

    20,144.04
    -86.92 (-0.43%)
     
  • S&P 500

    4,221.86
    -1.84 (-0.04%)
     
  • DOW

    33,823.45
    -210.22 (-0.62%)
     
  • CAD/USD

    0.8081
    -0.0013 (-0.16%)
     
  • CRUDE OIL

    70.64
    -0.40 (-0.56%)
     
  • BTC-CAD

    46,556.24
    -1,713.36 (-3.55%)
     
  • CMC Crypto 200

    936.12
    -33.75 (-3.48%)
     
  • GOLD FUTURES

    1,785.80
    +11.00 (+0.62%)
     
  • RUSSELL 2000

    2,287.46
    -27.23 (-1.18%)
     
  • 10-Yr Bond

    1.5110
    0.0000 (0.00%)
     
  • NASDAQ futures

    14,210.50
    +45.00 (+0.32%)
     
  • VOLATILITY

    17.75
    -0.40 (-2.20%)
     
  • FTSE

    7,153.43
    -31.52 (-0.44%)
     
  • NIKKEI 225

    29,006.44
    -11.89 (-0.04%)
     
  • CAD/EUR

    0.6786
    -0.0008 (-0.12%)
     

Gildan Activewear Reports on Shareholders’ Voting Results

  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
  • Oops!
    Something went wrong.
    Please try again later.

MONTRÉAL, May 06, 2021 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) today announced that the ten nominees proposed as directors in its management proxy circular dated March 9, 2021 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 meeting of shareholders held on May 6, 2021 in Montréal.

Gildan also notes that a majority of shareholders voted against the non-binding advisory vote on Executive Compensation (“Say on Pay”). While the Board believes that its executive compensation program, and the important executive compensation decisions made over the course of 2020, are in the best interests of the Company’s shareholders, it takes the views of shareholders very seriously and will take the results of this vote into account when considering future compensation decisions.

The voting results are detailed below:

FOR

WITHHELD/AGAINST

Number

%

Number

%

Resolution 1

Election of Directors

Donald C. Berg

169,398,549

99.66%

583,283

0.34%

Maryse Bertrand

168,707,042

99.25%

1,274,790

0.75%

Marc Caira

169,085,465

99.47%

896,367

0.53%

Glenn J. Chamandy

169,447,357

99.69%

534,475

0.31%

Shirley E. Cunningham

143,839,198

84.62%

26,142,634

15.38%

Russell Goodman

153,152,906

90.10%

16,828,926

9.90%

Charles M. Herington

153,490,675

90.30%

16,491,157

9.70%

Luc Jobin

151,943,278

89.39%

18,038,554

10.61%

Craig A. Leavitt

153,914,181

90.55%

16,067,651

9.45%

Anne Martin-Vachon

153,612,499

90.37%

16,369,333

9.63%

Resolution 2

Say on Pay

69,459,600

40.86%

100,522,232

59.14%

Resolution 3

Appointment of Auditors

164,788,114

95.31%

8,107,647

4.69%

About Gildan
Gildan 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®, Gildan® Hammer™, Prim + Preux®, GoldToe®, Anvil® by Gildan®, Alstyle®, Secret®, Silks®, Kushyfoot®, Secret Silky®, Therapy Plus®, Peds® and MediPeds®, and under the Under Armour® brand through a sock licensing agreement providing exclusive distribution rights in the United States and Canada. Our product offering includes activewear, underwear, socks, hosiery, and legwear products 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 and environmental practices throughout its supply chain in accordance with its comprehensive Genuine Responsibility® program embedded in the Company's long-term business strategy. More information about the Company and its corporate citizenship practices and initiatives can be found at www.gildancorp.com and www.genuineresponsibility.com, respectively.

Investor inquiries:
Sophie Argiriou
Vice President, Investor Communications
sargiriou@gildan.com

Media inquiries:
Genevieve Gosselin
Director, Corporate Marketing and Communications
ggosselin@gildan.com


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting