BRP ANNOUNCES ELECTION OF DIRECTORS AND BOARD COMMITTEE COMPOSITION
06/03/2022 - 06:02 PM
VALCOURT, QC , June 3, 2022 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) held earlier today its annual meeting of shareholders in a virtual-only format. The meeting was broadcasted via live webcast. The webcast will be available shortly on BRP's website at www.brp.com .
During the meeting, the Company acknowledged the departure from the Board of Directors of Mr. Michael Hanley and thanked him for his many years of contribution to the success of the Company. Mr. Hanley sat on the Board of Directors of BRP for the last ten years, nine years as Chairman of its Audit Committee and three years as Lead Independent Director.
At the meeting, all of the nominees for directors listed in the Company's management proxy circular dated April 27, 2022 were elected by a majority of the votes cast by shareholders present or represented by proxy. Voting results for each nominee were as follows:
Nominee
Votes For
%
Votes Withheld
%
Pierre Beaudoin
277,711,128
96.71%
9,446,848
3.29%
Joshua Bekenstein
271,160,966
94.43%
15,997,010
5.57%
José Boisjoli
284,298,784
99.00%
2,859,192
1.00%
Charles Bombardier
285,648,186
99.47%
1,509,790
0.53%
Ernesto M. Hernández
286,976,378
99.94%
181,598
0.06%
Katherine Kountze
286,976,873
99.94%
181,103
0.06%
Louis Laporte
285,649,838
99.47%
1,508,137
0.53%
Estelle Métayer
286,976,679
99.94%
181,296
0.06%
Nicholas Nomicos
286,864,558
99.90%
293,418
0.10%
Edward Philip
269,963,063
94.01%
17,194,913
5.99%
Barbara Samardzich
285,416,011
99.39%
1,741,964
0.61%
Changes to the Board Committees
Mrs. Barbara Samardzich was appointed as Lead Director of BRP to replace Mr. Hanley, and Mrs. Samardzich ceased to be a member of the Nominating, Governance and Social Responsibility Committee. Mrs. Estelle Métayer joined the Nominating, Governance and Social Responsibility Committee, while Nicholas Nomicos became Chairman of the Audit Committee and Mr. Ernesto M. Hernández joined the Audit Committee. As a result of the foregoing changes, the composition of the Board committees is now as follows:
Directors
Audit Committee
Human Resources & Compensation Committee
Investment and Risk Committee
Nominating, Governance and Social Responsibility Committee
Pierre Beaudoin
Member
Member
Joshua Bekenstein
Member
Member
José Boisjoli (Chair)
Member
Charles Bombardier
Member
Katherine Kountze
Member
Ernesto M. Hernández
Member
Member
Louis Laporte
Member
Estelle Métayer
Member
Member
Nicholas Nomicos
Chair
Edward Philip
Chair
Chair
Barbara Samardzich (Lead independent director)
Member
Chair
To learn more about BRP's Board members, click here .
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements included in this press release are "forward-looking statements" within the meaning of Canadian and United States securities laws, including statements that are not historical facts. Forward-looking statements are typically identified by the use of terminology such as "may", "will", "would", "should", "could", "expects", "forecasts", "plans", "intends", "trends", "indications", "anticipates", "believes", "estimates", "outlook", "predicts", "projects", "likely" or "potential" or the negative or other variations of these words or other comparable words or phrases. Forward-looking statements, by their very nature, involve inherent risks and uncertainties and are based on a number of assumptions, and are subject to important risks and uncertainties, both general and specific, made by the Company in light of its experience and perception of historical trends. Forward-looking statements cannot be relied upon due to, amongst other things, changing external events and general uncertainties of the business. Forward-looking statements are subject to numerous factors, many of which are beyond BRP's control, including the risk factors disclosed previously and from time to time in BRP's filings with the securities regulatory authorities in each of the provinces and territories of Canada and the United States , available on SEDAR at sedar.com or EDGAR at sec.gov, respectively. The forward-looking statements contained in this press release represent BRP's expectations as of the date of this press release (or as of the date they are otherwise stated to be made), and are subject to change after such date. However, BRP disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
About BRP
We are a global leader in the world of powersports products, propulsion systems and boats built on 80 years of ingenuity and intensive consumer focus. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft. We complete our lines of products with a dedicated parts, accessories and apparel portfolio to fully enhance the riding experience. With annual sales of CA$7.6 billion from over 120 countries, our global workforce includes close to 20,000 driven, resourceful people.
www.brp.com @BRPNews
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou , Quintrex, and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.
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SOURCE BRP Inc.
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DOOO Stock Data
Industry
All Other Transportation Equipment Manufacturing
Sector
Manufacturing
Tags
Consumer Durables, Recreational Products, Manufacturing, All Other Transportation Equipment Manufacturing
Country
Canada
City
Valcourt
About DOOO
brp (tsx:doo) est un chef de file mondial dans la conception, le développement, la fabrication, la distribution et la commercialisation de véhicules de sports motorisés. depuis l’obtention du premier brevet en 1937 par notre fondateur joseph-armand bombardier, nos 7 600 employés continuent à innover, afin de proposer des produits et services avant-gardistes. distribuée dans 107 pays, notre gamme de marques et de produits comprend : les motoneiges ski-doo et lynx, les motomarines sea-doo, les véhicules tout-terrains et les véhicules côte à côte can-am, les roadsters spyder, les moteurs hors-bord evinrude et les systèmes de propulsion rotax. brp (tsx:doo) is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles. since our founder joseph-armand bombardier obtained his first patent in 1937, our 7,600 employees continuously innovate, in order to offer products and cutting-edge services. distributed in 107 countries, our brands and pr