Gildan (NYSE: GIL) reported shareholder voting results from its April 30, 2026 annual meeting in Montreal. All nine director nominees were elected, the auditor was reappointed, the Shareholder Rights Plan was renewed, and the non-binding Say on Pay advisory vote passed.
Key vote tallies include auditor reappointment 148,645,275 (92.71%), Shareholder Rights Plan 144,722,506 (93.78%), and Say on Pay 149,974,675 (97.18%). Director vote percentages ranged from 97.38% to 99.78% in favour.
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News Market Reaction – GIL
-0.77%
-0.77%Session close to close
In the May 1 session, GIL declined 0.77%, reflecting a mild negative market reaction.
This announcement details shareholder voting results from the April 30, 2026 annual meeting, confirm...
Analysis
This announcement details shareholder voting results from the April 30, 2026 annual meeting, confirming election of nine directors, reappointment of the auditor, renewal of the Shareholder Rights Plan, and strong support for “Say on Pay.” These outcomes reinforce the existing governance framework as Gildan continues integrating HanesBrands and pursuing synergy targets. Investors may monitor future earnings, leverage trends, and progress on integration milestones to assess how this governance continuity translates into financial performance.
Key Figures
Auditor appointment votes:148,645,275 (92.71% for)Shareholder Rights Plan support:144,722,506 (93.78% for)Say on Pay support:149,974,675 (97.18% for)+5 more
8 metrics
Auditor appointment votes148,645,275 (92.71% for)Resolution 1 – Appointment of the Auditor
Shareholder Rights Plan support144,722,506 (93.78% for)Resolution 3 – Shareholder Rights Plan
Say on Pay support149,974,675 (97.18% for)Resolution 4 – Advisory vote on executive compensation
Chamandy election votes153,982,923 (99.78% for)Election of director Glenn J. Chamandy
Kneeland election votes151,764,895 (98.34% for)Election of director Michael Kneeland
Rights Plan against votes9,598,706 (6.22% against)Resolution 3 – Shareholder Rights Plan
Say on Pay against votes4,346,534 (2.82% against)Resolution 4 – Advisory vote on executive compensation
Meeting dateApril 30, 2026Hybrid annual meeting of shareholders held in Montreal
Completed HanesBrands acquisition, targeting at least $200M cost synergies.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent history shows generally aligned reactions, with one notable divergence where strong fundamental results and guidance were followed by a negative price move.
Recent Company History
Over the last six months, Gildan has focused on integrating HanesBrands, delivering record Q4 2025 revenue of $1,078 million and raising targeted run-rate synergies to $250 million. The acquisition closed on Dec 1, 2025, with management emphasizing cost synergies and scale benefits. Earnings date and conference participation announcements in early 2026 prompted only modest share moves. Against this backdrop, the current shareholder voting results confirm board, auditor, rights plan and compensation support, reinforcing the existing strategic direction.
Key Terms
management proxy circular, hybrid annual meeting, shareholder rights plan, non-binding advisory vote, +1 more
5 terms
management proxy circularregulatory
"nine nominees proposed as directors in its management proxy circular dated March 17, 2026"
A management proxy circular is a detailed briefing packet mailed or posted to shareholders before a company meeting that asks them to vote on key matters. It lays out agenda items, background information, management’s recommendations, pay and board candidate details, and instructions for authorizing someone to vote on your behalf. Investors use it like an agenda plus briefing notes to decide how votes could affect who controls the company, its strategy and future returns.
hybrid annual meetingregulatory
"its hybrid annual meeting of shareholders held on April 30, 2026 in Montreal"
A hybrid annual meeting is a company’s yearly shareholder meeting held both in person and online at the same time, so investors can attend physically or join remotely by video. It matters to investors because it expands access to management and voting—like choosing to go to a concert in the hall or stream it at home—affecting how easily shareholders can ask questions, cast votes, and influence corporate decisions.
shareholder rights planregulatory
"approval, ratification and renewal of the Shareholder Rights Plan, and the non-binding"
A shareholder rights plan is a board-approved defense that makes an unsolicited takeover harder by triggering measures—such as issuing extra shares or special rights—if one investor accumulates a large stake without board approval. Think of it as a temporary roadblock that protects existing management and gives the company time to seek better offers. It matters to investors because it can affect share price, takeover chances, and whether a competing buyer can quickly buy control.
non-binding advisory voteregulatory
"and the non-binding advisory vote on Executive Compensation (“Say on Pay”)."
A non-binding advisory vote is a shareholder vote that expresses investors’ opinion on a proposal (such as executive pay, corporate policy, or governance practices) but does not legally force the company to act. Think of it like a customer survey: it signals whether owners approve or disapprove and can pressure boards and managers to change course, so investors watch the result as an indicator of governance risk and potential future shifts in company strategy or leadership.
say on payregulatory
"and the non-binding advisory vote on Executive Compensation (“Say on Pay”)."
Say on pay is a shareholder vote—typically nonbinding—on a company’s executive compensation package, allowing investors to approve or reject how top managers are paid. Think of it as a public performance review: widespread disapproval can signal poor governance, prompt changes to pay practices, attract activist investors, and influence investor confidence and share value. It matters because it gives owners a direct way to influence compensation that affects company incentives and long-term performance.
MONTREAL, May 01, 2026 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) today announced that the nine nominees proposed as directors in its management proxy circular dated March 17, 2026 were elected as directors of the Company by a majority of the votes cast by the shareholders or represented by proxy at its hybrid annual meeting of shareholders held on April 30, 2026 in Montreal. Gildan also notes that a majority of the votes cast by shareholders were in favour of the reappointment of its auditor, the approval, ratification and renewal of the Shareholder Rights Plan, and the non-binding advisory vote on Executive Compensation (“Say on Pay”).
The voting results are detailed below:
FOR
WITHHELD/AGAINST
Number
%
Number
%
Resolution 1
Appointment of the Auditor
148,645,275
92.71%
11,689,421
7.29%
Resolution 2
Election of Directors
Michael Kneeland
151,764,895
98.34%
2,556,259
1.66%
Glenn J. Chamandy
153,982,923
99.78%
338,229
0.22%
Michener Chandlee
153,183,131
99.26%
1,138,097
0.74%
Anne-Laure Descours
153,362,357
99.38%
958,872
0.62%
Ghislain Houle
150,757,866
97.69%
3,563,293
2.31%
Mélanie Kau
153,127,509
99.23%
1,193,712
0.77%
Deepak Khandelwal
153,967,889
99.77%
353,334
0.23%
Peter Lee
150,275,927
97.38%
4,045,301
2.62%
Karen Stuckey
153,782,299
99.65%
538,929
0.35%
Resolution 3
Shareholder Rights Plan
144,722,506
93.78%
9,598,706
6.22%
Resolution 4
Say on Pay
149,974,675
97.18%
4,346,534
2.82%
About Gildan Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies and directly to consumers. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO™, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S. and Canada.
Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America, and Asia. Gildan integrates industry-leading labour, environmental, and governance practices into its operations and supply chain under a sustainability program that is aligned with its long-term business strategy. More information about Gildan and its sustainability commitments and initiatives can be found at www.gildancorp.com.
Investor inquiries: Jessy Hayem, CFA Senior Vice-President, Head of Investor Relations and Global Communications (514) 744-8511 jhayem@gildan.com
Media inquiries: Jonathan Binder Director, Corporate Communications (336) 519-6330 communications@gildan.com
FAQ
Were Gildan directors elected at the April 30, 2026 meeting (GIL)?
Yes. According to the company, all nine nominees were elected by a majority of votes cast at the April 30, 2026 meeting. The reported individual director support ranged from 97.38% to 99.78% in favour, as disclosed by the company.
What were the voting results for Gildan's auditor reappointment (GIL) on April 30, 2026?
The auditor was reappointed. According to the company, the auditor received 148,645,275 votes in favour, equal to 92.71% of votes cast. Withheld/against votes totalled 11,689,421, representing 7.29% of votes cast.
Did shareholders approve Gildan's Shareholder Rights Plan (GIL) at the 2026 meeting?
Yes. According to the company, the Shareholder Rights Plan renewal was approved with 144,722,506 votes for, representing 93.78% of votes cast. Withheld or against votes amounted to 9,598,706, or 6.22%.
How did Gildan shareholders vote on the Say on Pay advisory (GIL) in 2026?
Shareholders supported Say on Pay. According to the company, the non-binding advisory received 149,974,675 votes in favour, or 97.18% of votes cast, with 4,346,534 votes withheld or against (2.82%).
Which Gildan director received the highest shareholder support (GIL) at the April 30, 2026 meeting?
Glenn J. Chamandy received the highest reported support. According to the company, Chamandy obtained 153,982,923 votes for, equal to 99.78% of votes cast in his election as director.
Where can investors direct inquiries about Gildan shareholder results (GIL)?
Investor and media contacts are provided. According to the company, investor inquiries go to Jessy Hayem, Head of Investor Relations, and media inquiries to Jonathan Binder; contact details were listed in the company announcement.
