MONTRÉAL, April 30, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and ) (“Gildan” or the “Company”) today announced that the eight nominees proposed as directors in its management proxy circular dated March 18, 2025 were elected as directors of the Company by a majority of the votes cast by the shareholders or represented by proxy at its hybrid annual meeting of shareholders held on April 30, 2025 in Montréal. Gildan also notes that a majority of the votes cast by shareholders were in favour of the non-binding advisory vote on Executive Compensation (“Say on Pay”) and the reappointment of its auditors.
The voting results are detailed below:
| FOR | WITHHELD/AGAINST | |||
| Number | % | Number | % | |
| Resolution 1 | ||||
| Appointment of Auditors | 113,566,354 | 88.79% | 14,344,315 | 11.21% |
| Resolution 2 | ||||
| Election of Directors | ||||
| Michael Kneeland | 120,184,823 | 95.84% | 5,217,322 | 4.16% |
| Glenn J. Chamandy | 125,321,401 | 99.94% | 80,741 | 0.06% |
| Michener Chandlee | 124,844,153 | 99.56% | 557,990 | 0.44% |
| Anne-Laure Descours | 125,313,548 | 99.93% | 88,595 | 0.07% |
| Ghislain Houle | 122,884,183 | 97.99% | 2,517,958 | 2.01% |
| Mélanie Kau | 123,769,180 | 98.70% | 1,632,962 | 1.30% |
| Peter Lee | 111,142,448 | 88.63% | 14,259,696 | 11.37% |
| Karen Stuckey | 124,962,647 | 99.65% | 439,495 | 0.35% |
| Resolution 3 | ||||
| Advisory Vote on Executive Compensation | 104,083,922 | 83.00% | 21,318,217 | 17.00% |
About Gildan
Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear and socks, 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. The Company 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®, GOLDTOE® and Peds®, and under an exclusive licensing agreement for the printwear channel for Champion®.
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, environmental and governance practices throughout its supply chain in accordance with its comprehensive ESG program embedded in the Company's long-term business strategy. More information about the Company and its ESG practices and initiatives can be found at www.gildancorp.com.
| Investor inquiries: Jessy Hayem, CFA Senior Vice-President, Head of Investor Relations and Global Communications (514) 744-8511 [email protected] | Media inquiries: Genevieve Gosselin Director, Global Communications and Corporate Marketing (514) 343-8814 [email protected] |
