LIGHTSPEED ANNOUNCES VOTING RESULTS FROM ITS ANNUAL AND SPECIAL SHAREHOLDERS' MEETING
Rhea-AI Summary
Lightspeed (TSX/NYSE: LSPD) reported the voting results from its annual and special shareholders' meeting held on July 30, 2026. Shareholders approved all items of business proposed by the company.
Seven directors were elected with strong majorities, each receiving between 97.98% and 99.79% of votes cast in favor. PricewaterhouseCoopers LLP was appointed as auditor with 91,715,046 votes for (99.54%) and 426,212 votes withheld (0.46%). The advisory, non‑binding resolution supporting Lightspeed’s approach to executive compensation passed with 87,432,295 votes for (98.16%) and 1,643,263 votes against (1.84%).
Shareholders also approved an ordinary resolution to amend the Amended and Restated Omnibus Incentive Plan, extending its term to the tenth anniversary of the meeting and approving all unallocated options, rights and other entitlements, with 62,280,332 votes for (70.04%) and 26,645,364 votes against (29.96%).
Positive
- Directors elected with strong majorities support between 97.98% and 99.79%
- Auditor appointment PwC approved with 99.54% of votes for
- Say-on-pay support executive compensation approach approved with 98.16% of votes for
- Incentive plan extension omnibus plan amendment and unallocated awards approved with 70.04% support
Negative
- Incentive plan opposition 29.96% of votes cast against omnibus incentive plan resolution
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 24 | product integration | Positive | +3.5% | Meta Conversions API integration connected in-store transactions with digital advertising measurement. |
| Jul 17 | platform innovations | Positive | +0.4% | New AI, payments, fulfillment, and operations features expanded platform functionality. |
| Jul 09 | earnings scheduling | Neutral | +1.0% | Fiscal first-quarter 2027 results release and conference call were scheduled for July 30. |
| Jun 30 | marketing partnership | Positive | +1.9% | Klaviyo integration added automated marketing capabilities for Lightspeed Retail merchants. |
| May 21 | earnings report | Positive | -6.6% | Fiscal 2026 results included growth, positive cash flow, and fiscal 2027 guidance. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Four recent positive or informational announcements were followed by gains, while the prior earnings release was followed by a 6.58% decline.
Key Terms
omnibus incentive plan financial
advisory, non-binding resolution regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Shareholders of the Company voted in favor of all items of business put forth at the Meeting by the Company. The voting results for each item of business at the Meeting are presented below.
1. Election of Directors
The seven (7) candidates proposed as directors were duly elected directors of the Company by a majority of the votes cast by the shareholders present or represented by proxy at the Meeting, as follows:
Name of Nominee | Votes For | % | Votes Against | % |
Manon Brouillette | 87,910,709 | 98.78 % | 1,089,920 | 1.22 % |
Dale Murray | 87,206,302 | 97.98 % | 1,794,327 | 2.02 % |
Dax Dasilva | 88,814,203 | 99.79 % | 186,427 | 0.21 % |
Nathalie Gaveau | 88,067,937 | 98.95 % | 932,694 | 1.05 % |
Glen LeBlanc | 88,701,374 | 99.66 % | 299,256 | 0.34 % |
Sameer Samat | 88,076,056 | 98.96 % | 924,474 | 1.04 % |
Odilon Almeida | 87,996,730 | 98.87 % | 1,003,900 | 1.13 % |
2. Appointment of Auditors
A ballot was conducted with respect to the appointment of PricewaterhouseCoopers LLP ("PwC") as the Company's auditors. According to the proxies received and ballots cast, PwC was appointed the Company's auditors with the following results:
Votes For: 91,715,046 (
Votes Withheld: 426,212 (
3. Advisory Vote on Executive Compensation
A ballot was conducted with respect to approving an advisory, non-binding resolution on the Company's approach to executive compensation as more fully described in the Company's management information circular. According to the proxies received and ballots cast, such advisory, non-binding resolution on the Company's approach to executive compensation was approved with the following results:
Votes For: 87,432,295 (
Votes Against: 1,643,263 (
4. Ordinary Resolution in respect of the Amended and Restated Omnibus Incentive Plan
A ballot was conducted with respect to approving an ordinary resolution, the full text of which is reproduced on Schedule D to the management information circular for the Meeting, to (1) approve an amendment to the Company's Amended and Restated Omnibus Incentive Plan (as defined in the management information circular) to extend the term of such plan to the tenth (10th) anniversary of the Meeting and (2) approve all unallocated options, rights and other entitlements thereunder. According to the proxies received and ballots cast, such ordinary resolution in respect of the Amended and Restated Omnibus Incentive Plan was approved with the following results:
Votes For: 62,280,332 (
Votes Against: 26,645,364 (
Final voting results on all matters voted at the Meeting are available on Lightspeed's website and on SEDAR+ at www.sedarplus.com and EDGAR at www.sec.gov.
About Lightspeed
Lightspeed is the POS and payments platform powering businesses at the heart of communities in over 100 countries. As the partner of choice for ambitious retail, golf and hospitality entrepreneurs, Lightspeed helps businesses accelerate growth, deliver exceptional customer experiences, and run smarter across all channels and locations.
With fast, flexible omnichannel technology, Lightspeed brings together point of sale, ecommerce, embedded payments, inventory, reporting, staff and supplier management, financial services, and an exclusive wholesale retail network. Backed by insights, and expert support, Lightspeed helps businesses run more efficiently and focus on what they do best.
Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD), with teams across North America, Europe, and Asia Pacific.
For more information, see www.lightspeedhq.com.
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Forward-Looking Statements
This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as "will", "expects", "anticipates", "intends", "plans", "believes", "estimates" or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of Lightspeed's management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this news release, including, among other factors, those risk factors identified in our most recent Management's Discussion and Analysis of Financial Condition and Results of Operations, under "Risk Factors" in our most recent Annual Information Form, and in our other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which are available under our profiles on SEDAR+ at www.sedarplus.com and on EDGAR at www.sec.gov. Readers are cautioned to consider these and other factors carefully when making decisions with respect to Lightspeed's subordinate voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that Lightspeed considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by Lightspeed. Except as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Lightspeed Commerce Inc.