TSX Trading Symbol: "MTY"
MONTREAL, May 3, 2024
/CNW/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY),
franchisor and operator of multiple concepts of restaurants, is
pleased to report the results from the votes from its shareholders
for the 2024 Annual General Meeting of Shareholders held on
Thursday May 2, 2024 (the
''Meeting'').
Over 16,207,455 shares were voted representing 66.89% of the
outstanding shares of the Company. Each matter set out in the
management information circular dated March
18, 2024 that were voted on by shareholders were
approved.
The following seven nominees were re-elected as directors of
MTY. The detailed results of the vote for the election of directors
are set out below:
|
Nominee
|
# Votes
For
|
% Votes
For
|
# Votes
Against
|
% Votes
Against
|
|
Murat
Armutlu
|
15,223,417
|
94.80 %
|
835,419
|
5.20 %
|
|
Eric
Lefebvre
|
15,942,104
|
99.27 %
|
116,733
|
0.73 %
|
|
Stanley Ma
|
15,101,632
|
94.04 %
|
957,204
|
5.96 %
|
|
Victor
Mandel
|
11,284,766
|
70.27 %
|
4,774,071
|
29.73 %
|
|
Dickie Orr
|
15,793,860
|
98.35 %
|
264,977
|
1.65 %
|
|
Claude
St-Pierre
|
14,726,630
|
91.70 %
|
1,332,207
|
8.30 %
|
|
Suzan Zalter
|
15,911,030
|
99.08 %
|
147,807
|
0.92 %
|
Pricewaterhousee Coopers, LLP., was reappointed as auditor of
the Corporation and the directors were authorized to fix the
remuneration of the auditor. Votes results are set out below:
|
# Votes
For
|
% Votes
For
|
# Votes
Withheld
|
% Votes
Withheld
|
|
|
|
16,184,219
|
99.94 %
|
10,487
|
0.06 %
|
|
|
|
|
The shareholders have approved the following resolution: That,
on an advisory basis and not to diminish the role and
responsibilities of the Directors, the shareholders accept the
Board's approach to executive compensation disclosed in the
Information Circular. Votes results are set out below:
|
# Votes
For
|
% Votes
For
|
#
Votes
|
% Votes
against
|
|
|
|
Against
|
|
|
|
14,650,371
|
91.24 %
|
1,406,785
|
8.76 %
|
|
|
|
|
|
|
No vote was held with respect to the shareholder proposal set
out in Schedule B to the Information Circular as the proposing
shareholder withdrew the proposal prior to the date of the
meeting.
Each of the matters voted at the Meeting is discussed in detail
in the Company's Management Information Circular dated March 18, 2024. These can be found on SEDAR+
at www.sedarplus.com under the Company's profile for public
filings. Final voting results on all matters voted at the Meeting
will be filed on SEDAR+ at www.sedarplus.com under the Company's
profile for public filings.
Certain information in this News Release may constitute
"forward-looking" information that involves known and unknown
risks, uncertainties, future expectations and other factors which
may cause the actual results, performance or achievements of the
Company or industry results, to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking information. When used in this News Release,
this information may include words such as "anticipate",
"estimate", "may", "will", "expect", "believe", "plan" and other
terminology. This information reflects current expectations
regarding future events and operating performance and speaks only
as of the date of this News Release. Except as required by law, we
assume no obligation to update or revise forward-looking
information to reflect new events or circumstances. Additional
information is available in the Company's Management Discussion and
Analysis, which can be found on SEDAR+ at www.sedarplus.com.
On Behalf of the Board of Directors of
MTY Food
Group Inc.
______________________________
Eric Lefebvre, Chief Executive
Officer
SOURCE MTY Food Group Inc.