Roots Announces Results of Voting at Annual General Meeting of Shareholders
TORONTO, June 15, 2018 /CNW/ - Roots ("Roots", "Roots Canada" or the "Company") (TSX: ROOT), the premium lifestyle brand with a rich heritage and portfolio of apparel, hand crafted leather goods, footwear, and accessories, today announced the results of voting at its annual general meeting of shareholders held earlier today (the "Meeting"). Each of the matters voted upon at the Meeting as set out below is described in greater detail in the Notice of Annual General Meeting of Shareholders and Management Information Circular of Roots dated May 8, 2018.
The total number of shares represented by holders by proxy at the Meeting was 36,204,170, representing approximately 86.24% of Roots outstanding shares entitled to be voted.
Election of Directors
All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as directors by a resolution passed by a majority of the shareholders present or represented by proxy at the Meeting, to hold office until the next annual meeting following their election or until their successors are elected or appointed without a ballot being conducted. The following represents the proxies received with regard to such matter:
| Nominee |
Votes For |
% Votes For |
Votes Withheld |
% Votes Withheld |
| Mary Ann Curran |
36,045,894 |
99.56% |
1,800 |
0.44% |
| Gregory David |
36,046,094 |
99.56% |
1,600 |
0.44% |
| James A. Gabel |
36,045,094 |
99.56% |
2,600 |
0.44% |
| Dale H. Lastman |
36,046,094 |
99.56% |
1,600 |
0.44% |
| Richard P. Mavrinac |
36,044,754 |
99.56% |
2,940 |
0.44% |
| Joel Teitelbaum |
36,046,294 |
99.56% |
1,400 |
0.44% |
| Erol Uzumeri |
36,046,894 |
99.57% |
800 |
0.43% |
| Eric Zinterhofer |
36,046,094 |
99.56% |
1,600 |
0.44% |
Appointment of Auditors
KPMG LLP was reappointed as auditor of Roots and the directors were authorized to fix the auditor's remuneration by a resolution passed by a majority of the shareholders present or represented by proxy at the Meeting without a ballot being conducted. The following represents the proxies received with regard to such matter:
| Votes For |
% Votes For |
Votes Withheld |
% Votes Withheld |
| 36,201,770 |
99.99% |
2,400 |
0.01% |
About Roots
Established in 1973, Roots is an iconic Canadian lifestyle brand with a rich heritage and portfolio of premium apparel, leather goods, accessories and footwear. Roots delivers products to customers through its store network, online platform and international partnerships. As of May 5, 2018, Roots integrated omni-channel footprint included 117 company retail stores in Canada, three company retail stores in the United States, 112 partner-operated stores in Taiwan, 30 partner-operated stores in China and a global e-commerce platform. Roots Corporation is a Canadian corporation doing business as "Roots" and "Roots Canada".
SOURCE Roots Corporation
Investor Relations, Kristen Davies, [email protected], 416-781-3574 Ext. 4116; Public Relations, Elyse Goody, [email protected], 416-781-3574 Ext. 4332
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