LIGHTSPEED ANNOUNCES VOTING RESULTS FROM ITS ANNUAL SHAREHOLDERS' MEETING

Rhea-AI Summary

Lightspeed Commerce (NYSE:LSPD), a unified omnichannel platform serving retail, golf, and hospitality businesses across 100+ countries, announced the results of its annual shareholders meeting held on July 31st, 2025. All proposed items received strong shareholder approval.

The meeting included three key votes: director elections, auditor appointment, and executive compensation. All seven director nominees were elected with overwhelming support, receiving between 98.33% and 99.89% of votes in favor. PricewaterhouseCoopers LLP was reappointed as auditor with 99.80% approval. The advisory vote on executive compensation passed with 98.60% support.

MONTREAL, Aug. 1, 2025 /PRNewswire/ - Lightspeed Commerce Inc. ("Lightspeed" or the "Company") (TSX: LSPD)  (NYSE: LSPD), the unified omnichannel platform powering ambitious retail, golf and hospitality businesses in over 100 countries, today announced the voting results for the items of business put forth by the Company at its annual shareholders meeting held on July 31^st, 2025 (the "Meeting").

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	92,564,688	98.33 %	1,570,310	1.67 %
Dale Murray	93,640,078	99.47 %	494,920	0.53 %
Patrick Pichette	93,580,750	99.41 %	554,248	0.59 %
Dax Dasilva	93,937,775	99.79 %	197,224	0.21 %
Nathalie Gaveau	93,771,491	99.61 %	363,507	0.39 %
Rob Williams	93,781,752	99.62 %	353,247	0.38 %
Glen LeBlanc	94,035,905	99.89 %	99,094	0.11 %

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:                  96,628,213 (99.80%)
Votes Withheld:          196,354 (0.20%)

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:                   92,816,197 (98.60%)
Votes Against:             1,318,801 (1.40%)

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.
Follow us on social media: LinkedIn, Facebook, Instagram, YouTube, and X (formerly Twitter).

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.

FAQ

What were the voting results for Lightspeed's (LSPD) 2025 annual shareholder meeting?

All items received strong approval: directors were elected with 98-99% support, PwC was appointed auditor with 99.80% approval, and executive compensation was approved with 98.60% of votes.

Who are the directors elected to Lightspeed's board in 2025?

Seven directors were elected: Manon Brouillette, Dale Murray, Patrick Pichette, Dax Dasilva, Nathalie Gaveau, Rob Williams, and Glen LeBlanc, each receiving over 98% approval.

What was the shareholder vote on Lightspeed's executive compensation in 2025?

Shareholders strongly approved Lightspeed's executive compensation with 98.60% voting in favor (92,816,197 votes) and 1.40% against (1,318,801 votes).

Who was appointed as Lightspeed's auditor for 2025?

PricewaterhouseCoopers LLP (PwC) was appointed as Lightspeed's auditor with 99.80% of shareholders voting in favor (96,628,213 votes).