Gildan Activewear Reports on Shareholders’ Voting Results
Rhea-AI Summary
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.
Positive
- None.
Negative
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Key Figures
Market Reality Check
Peers on Argus
GIL is up 10.18% while key peers like LEVI, VFC, KTB, PVH and COLM show modest gains between about 0.19% and 3.18%. Momentum scanners flag only COLM, so GIL’s outsized move appears stock-specific rather than a broad apparel sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 16 | Earnings date notice | Neutral | -0.5% | Announced timing and access details for Q1 2026 results call. |
| Mar 18 | Conference participation | Neutral | -0.5% | Planned appearance at CIBC retail and consumer investor conference. |
| Feb 26 | Earnings and guidance | Positive | -3.1% | Record Q4 revenue and EPS, raised synergy targets and issued 2026 guidance. |
| Feb 13 | Earnings date notice | Neutral | +0.5% | Set date and call details for Q4 2025 and full-year results. |
| Dec 01 | Acquisition close | Positive | +3.2% | Completed HanesBrands acquisition, targeting at least $200M cost synergies. |
Recent history shows generally aligned reactions, with one notable divergence where strong fundamental results and guidance were followed by a negative price move.
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.
Market Pulse Summary
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 Terms
management proxy circular regulatory
non-binding advisory vote regulatory
say on pay regulatory
AI-generated analysis. Not financial advice.
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 | 11,689,421 | ||
| Resolution 2 | ||||
| Election of Directors | ||||
| Michael Kneeland | 151,764,895 | 2,556,259 | ||
| Glenn J. Chamandy | 153,982,923 | 338,229 | ||
| Michener Chandlee | 153,183,131 | 1,138,097 | ||
| Anne-Laure Descours | 153,362,357 | 958,872 | ||
| Ghislain Houle | 150,757,866 | 3,563,293 | ||
| Mélanie Kau | 153,127,509 | 1,193,712 | ||
| Deepak Khandelwal | 153,967,889 | 353,334 | ||
| Peter Lee | 150,275,927 | 4,045,301 | ||
| Karen Stuckey | 153,782,299 | 538,929 | ||
| Resolution 3 | ||||
| Shareholder Rights Plan | 144,722,506 | 9,598,706 | ||
| Resolution 4 | ||||
| Say on Pay | 149,974,675 | 4,346,534 | ||
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 |
