Leon's Furniture Limited Announces Election of Directors

Rhea-AI Summary

Leon's Furniture Limited (TSX: LNF) held its Annual Meeting of Common Shareholders on May 8, 2025, in Toronto, where shareholders elected all nominated directors listed in the Management Information Circular from February 25, 2025. The election results showed strong support for all nominees, with approval ratings ranging from 93.46% to 99.55%.

Notable directors elected include Terrence T. Leon (93.46% approval), Edward F. Leon (94.79%), Lewis M. Leon (95.82%), Joseph M. Leon (99.50%), and The Hon. Lisa Raitt, P.C (99.55%). The company will file final results on all matters voted at the Annual Meeting with Canadian securities regulators.

News Market Reaction – LEFUF

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+1.96% News Effect

On the day this news was published, LEFUF gained 1.96%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - May 14, 2025) - Leon's Furniture Limited (TSX: LNF) ("LFL" or the "Company"), today announced that all of the nominee directors listed in the Management Information Circular dated February 25, 2025, were elected as directors of Leon's Furniture Limited. The vote was conducted at the Company's Annual Meeting of Common Shareholders, which took place on May 8, 2025, in Toronto. The results of the vote are set out at the bottom of this press release.

Name of Nominee	Votes For		Votes Withheld
Terrence T. Leon	50,461,130	93.46%	3,530,924	6.54%
Edward F. Leon	51,181,005	94.79%	2,811,069	5.21%
Lewis M. Leon	51,733,308	95.82%	2,258,766	4.18%
Joseph M. Leon	53,723,622	99.50%	268,952	0.50%
Alan J. Lenczner K.C.	51,281,935	94.98%	2,710,139	5.02%
Mary Ann Leon	52,291,950	96.91%	1,670,124	3.09%
Frank Gagliano	53,118,204	98.38%	873,870	1.62%
The Hon. Lisa Raitt, P.C	53,747,002	99.55%	245,072	0.45%

 

Final results on all matters voted at the Annual Meeting held on May 8, 2025, will be filed with the Canadian securities regulators.

About Leon's Furniture Limited
Leon's Furniture Limited is the largest retailer of furniture, appliances and electronics in Canada. Our retail banners include: Leon's; The Brick; Brick Outlet; and The Brick Mattress Store. Finally, with The Brick's Midnorthern Appliance banner alongside Leon's Appliance Canada banner, this makes the Company the country's largest commercial retailer of appliances to builders, developers, hotels and property management companies. The Company has 298 retail stores from coast to coast in Canada under various banners. The Company operates six websites: leons.ca, thebrick.com, furniture.ca, midnorthern.com, transglobalservice.com and appliancecanada.com.

For further information, please contact:

Victor Diab Chief Financial Officer  Leon's Furniture Limited Tel: (416) 243-4073 lflgroup.ca

Jonathan Ross LodeRock Advisors, Leon's Investor Relations jon.ross@loderockadvisors.com Tel: (416) 283-0178

 

SOURCE Leon's Furniture Limited

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252136

FAQ

Who are the newly elected directors of Leon's Furniture Limited (LEFUF) in 2025?

The elected directors include Terrence T. Leon, Edward F. Leon, Lewis M. Leon, Joseph M. Leon, Alan J. Lenczner K.C., Mary Ann Leon, Frank Gagliano, and The Hon. Lisa Raitt, P.C.

What was the highest approval rating received by a Leon's Furniture director in the 2025 election?

The Hon. Lisa Raitt, P.C. received the highest approval rating at 99.55% of votes in favor.

When did Leon's Furniture Limited (LEFUF) hold its 2025 Annual Meeting of Common Shareholders?

Leon's Furniture Limited held its Annual Meeting of Common Shareholders on May 8, 2025, in Toronto.

What was the lowest approval percentage received by a director in Leon's Furniture's 2025 election?

Terrence T. Leon received the lowest approval percentage with 93.46% of votes in favor.