Lightspeed Announces Voting Results from Its Annual and Special Shareholders’ Meeting
August 04 2023 - 4:00PM
Lightspeed Commerce Inc. (NYSE | TSX: LSPD) 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 3rd,
2023 (the “Meeting”). Powering the world’s best businesses,
Lightspeed is the unified POS and payments platform for ambitious
entrepreneurs to accelerate growth, provide the best customer
experiences and become a go-to destination in their space.
Shareholders of the Company voted in favor of
all items of business put forth at the Meeting by the Company. The
voting results for each item of business at the Meeting are
presented below.
- Election of
Directors
The seven (7) 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 Against |
% |
Patrick Pichette |
94,952,523 |
96.51 |
% |
3,436,335 |
3.49 |
% |
Dax Dasilva |
97,021,779 |
98.61 |
% |
1,367,079 |
1.39 |
% |
Dale Murray |
90,348,235 |
91.82 |
% |
8,052,618 |
8.18 |
% |
Jean Paul Chauvet |
98,071,731 |
99.68 |
% |
317,127 |
0.32 |
% |
Nathalie Gaveau |
96,726,458 |
98.31 |
% |
1,662,400 |
1.69 |
% |
Paul McFeeters |
98,093,186 |
99.70 |
% |
295,672 |
0.30 |
% |
Rob Williams |
98,099,232 |
99.71 |
% |
289,626 |
0.29 |
% |
2. Appointment of
AuditorsA 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: 101,731,004
(99.92%)Votes Withheld: 77,187
(0.08%)
3. Advisory Vote on
Executive CompensationA 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:
96,593,949 (98.18%)Votes
Against: 1,794,909
(1.82%)
4. Renew the Company's Amended and
Restated Omnibus Incentive Plan and Approve All Unallocated
Options, Rights and Other Entitlements Thereunder
A ballot was conducted with respect to approving
a resolution of the shareholders to renew the Company’s Amended and
Restated Omnibus Incentive Plan and approving all unallocated
options, rights and other entitlements thereunder as more fully
described in the Company’s management information circular.
According to the proxies received and ballots cast, such resolution
was approved with the following results:
Votes For:
81,747,365 (83.08%)Votes Against:
16,653,486
(16.92%)
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, see www.lightspeedhq.com.
Follow us 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.
Contacts:
Asha BakshaniChief Financial
Officer
Gus PapageorgiouHead of
Investor Relationsinvestorrelations@lightspeedhq.com
SOURCE Lightspeed Commerce
Inc.
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