Boyd Group Services Inc. Election of Directors

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

WINNIPEG, MB, May 16, 2024 /CNW/ - Boyd Group Services Inc. (TSX: BYD) ("BGSI", "Boyd" or "the Boyd Group") today announced that the nominees listed in the management proxy circular dated March 25, 2024 were elected as Directors of BGSI. The detailed results of the vote for the election of directors held at the Annual Meeting on Wednesday, May 15, 2024 are set out below.

Nominee	Votes For	% For	Votes Against	% Against
David Brown	18,227,916	97.86 %	397,806	2.14 %
Brock Bulbuck	18,433,989	98.97 %	191,733	1.03 %
Robert Espey	18,315,128	98.33 %	310,593	1.67 %
Christine Feuell	18,565,296	99.68 %	60,426	0.32 %
Robert Gross	18,423,154	98.91 %	202,568	1.09 %
John Hartmann	18,408,272	98.83 %	217,450	1.17 %
Violet Konkle	18,519,650	99.43 %	106,072	0.57 %
Timothy O'Day	18,445,688	99.03 %	180,034	0.97 %
William Onuwa	17,726,266	95.17 %	899,455	4.83 %
Sally Savoia	18,274,500	98.11 %	351,221	1.89 %

The final voting results on all matters voted upon at the Annual Meeting of Shareholders held on May 15, 2024 will be filed on SEDAR+.

About Boyd Group Services Inc.

Boyd Group Services Inc. is a Canadian corporation and controls The Boyd Group Inc. and its subsidiaries. Boyd Group Services Inc. shares trade on the Toronto Stock Exchange (TSX) under the symbol BYD.TO. For more information on The Boyd Group Inc. or Boyd Group Services Inc., please visit our website at https://www.boydgroup.com.

About The Boyd Group Inc.

The Boyd Group Inc. (the "Company") is one of the largest operators of non-franchised collision repair centres in North America in terms of number of locations and sales. The Company operates locations in Canada under the trade names Boyd Autobody & Glass (https://www.boydautobody.com) and Assured Automotive (https://www.assuredauto.ca) as well as in the U.S. under the trade name Gerber Collision & Glass (https://www.gerbercollision.com). In addition, the Company is a major retail auto glass operator in the U.S. with operations under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority and Autoglassonly.com. The Company also operates a third party administrator, Gerber National Claims Services ("GNCS"), that offers glass, emergency roadside and first notice of loss services. The Company also operates a Mobile Auto Solutions ("MAS") service that offers scanning and calibration services. For more information on The Boyd Group Inc. or Boyd Group Services Inc., please visit our website at (https://www.boydgroup.com).

Caution concerning forward-looking statements

Statements made in this press release, other than those concerning historical financial information, may be forward-looking and therefore subject to various risks and uncertainties. Some forward-looking statements may be identified by words like "may", "will", "anticipate", "estimate", "expect", "intend", or "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on such statements, as actual results may differ materially from those expressed or implied in such statements. Factors that could cause results to vary include, but are not limited to: employee relations and staffing; acquisition and new location risk; operational performance; brand management and reputation; market environment change; reliance on technology; supply chain risk; margin pressure and sales mix changes; pandemic risk & economic downturn; changes in client relationships; decline in number of insurance claims; environmental, health and safety risk; climate change and weather conditions; competition; access to capital; dependence on key personnel; tax position risk; corporate governance; increased government regulation and tax risk; fluctuations in operating results and seasonality; risk of litigation; execution on new strategies; insurance risk; interest rates; U.S. health care costs and workers compensation claims; foreign currency risk; capital expenditures; low capture rates;  and energy costs and BGSI's success in anticipating and managing the foregoing risks. 

We caution that the foregoing list of factors is not exhaustive and that when reviewing our forward-looking statements, investors and others should refer to the "Risk Factors" section of BGSI's Annual Information Form, the "Risks and Uncertainties" and other sections of our Management's Discussion and Analysis of Operating Results and Financial Position and our other periodic filings with Canadian securities regulatory authorities. All forward-looking statements presented herein should be considered in conjunction with such filings. 

SOURCE Boyd Group Services Inc.

Timothy O'Day, President & CEO, Tel: [phone], [email protected]; Craig MacPhail, Investor Relations, Tel: [phone] or toll free 1-800-385-5451, [email protected]; Jeff Murray, Executive Vice President & CFO, Tel: [phone], [email protected]