LXRandCo Announces Results of Annual Meeting - Strengthens Board with Two New Independent Directors

MONTREAL, June 14, 2018 /CNW/ - LXRandCo, Inc. ("LXRandCo" or the "Company") (TSX: LXR) (TSX: LXR.WT), an international omni-channel retailer of branded vintage luxury handbags and accessories, today announced the results of its annual meeting of shareholders, which was held yesterday at 10:30 a.m. ET in Montreal.

At the meeting, LXRandCo's new President and Chief Executive Officer, Steven Goldsmith, presented the details of the Company's updated strategic plan, which is archived on the Company's web site at http://investors.lxrco.com/events-and-webcasts.

Each of the nominees listed in LXRandCo's Management Proxy Circular dated May 11, 2018 were elected as directors of the Company. Each of the Company's directors was elected or re-elected by a majority of the votes cast by shareholders present or represented by proxy.  Lauri Kien Kotcher and Stephane Geurin are new, independent directors (see below for biographies).

Director Nominee	Votes For	% For	Votes Withheld	% Withheld
Camillo (Cam) Di Prata	10,274,711	91.35	972,834	8.65
Frederick (Fred) Mannella	10,274,611	91.35	972,934	8.65
Kei Izawa	10,274,711	91.35	972,834	8.65
Steven Goldsmith	10,274,711	91.35	972,834	8.65
Luc Mannella	10,274,711	91.35	972,834	8.65
Joseph Mimran	10,274,711	91.35	972,834	8.65
Javier San Juan	10,246,795	99.99	750	0.01
Lauri Kien Kotcher	10,246,795	99.99	750	0.01
Stephane Guerin	10,246,795	99.99	750	0.01

In addition, shareholders voted in favour of resolutions, by a majority of the votes cast by shareholders present or represented by proxy, reappointing Ernst & Young LLP, as auditor for the Company and ratifying, confirming and approving the deferred share unit plan (the "DSUP"), the long-term incentive plan (the "LTIP"), and the employee share purchase plan (the "ESPP"), as described in the Company's Management Proxy Circular dated May 11, 2018.

Item	For	% For	Against	% Against	Withheld/ Abstain	% Withheld/ Abstain	Non- Vote
Appointment of Auditors	11,257,545	100.00	0	0.00	0	0.00	0
Deferred Share Unit Incentive Plan	11,070,411	98.43	177,134	1.57	0	0.00	0
Long-Term Incentive Plan	11,227,495	99.82	20,050	0.18	0	0.00	0
Employee Share Purchase Plan	11,227,495	99.82	20,050	0.18	0	0.00	0

Final voting results on all matters voted on at the annual meeting of shareholders held on June 13^th, 2018 will be filed on SEDAR (www.sedar.com).  

Biographies of New Directors

Stephane Guerin was appointed Chief Financial and Development Officer of Groupe Dynamite Inc. ("Dynamite"), a leading North American fast fashion retailer, in 2017. At Dynamite, Stephane is leading all aspects of Financial, Real Estate Development, Information Technology & Digital Transformation and International Expansion as well as Marketing. Prior to joining Dynamite, Stephane served as President & Chief Operating Officer of Hewitt Equipment Limited a Caterpillar Dealership, from 2009 to 2017. Before this, he was the Chief Financial Officer of Air Canada Technical Services. Stephane has more than 20 years in various senior operational and financial positions.  He holds a B.Comm from the ESG-UQAM. He's also a member of the Canadian Chartered Professional Accountants Association.

Lauri Kien Kotcher is the CEO of Hello Products, a disruptive and naturally friendly personal care company targeted at millennial Proposed director consumers. Since joining Hello in 2015, the company has become the New York, New York, United States fastest growing oral care brand. Lauri has been a Senior Advisor at Catterton Partners and was part of the Portfolio Operations team where Independent she served as a Board member of several portfolio companies and played an active leadership role in driving their growth.  Prior to her current roles, Lauri spent 10 years in senior executive roles as CMO of Godiva, Head of Global Marketing at Pfizer Consumer Healthcare and as a Managing Director at Lehman Brothers.  Earlier in her career, Lauri was a partner at McKinsey and Company. Over her 15-year career there she served Fortune 500 global clients in luxury retail, packaged goods and consumer healthcare. She was a co-leader of McKinsey's North American consumer practice and was known for her work with front line sales teams and for spearheading McKinsey's industry-leading sales force benchmarking work.   Lauri holds a BA cum laude from Princeton University and JD/MBA degrees from Stanford University.  She is the Vice President of the Board of Trustees of The Churchill School and Center, and an advisory board member at Springboard Enterprises and the New York Fashion Tech Lab – a business incubator for early stage companies at the intersection of fashion and technology.

About LXRandCo

LXRandCo is a rapidly growing omni-channel retailer of branded vintage luxury handbags and accessories. LXRandCo sources and authenticates high-quality, pre-owned products from iconic brands such as Hermès, Louis Vuitton, Gucci and Chanel, among others, and sells them at attractive prices through: a retail network of "shop-in-shops" located in major department stores in the United States and Canada; wholesale operations primarily in the United States; and its own e-Commerce website, www.lxrco.com.

SOURCE LXRandCo, Inc.

Audrey Lara, Chief Financial Officer, LXRandCo, Inc., [phone], [email protected]; Lawrence Chamberlain, Investor Relations, LodeRock Advisors, [phone], [email protected]