NFI Announces Election of Directors

NFI Group (OTC: NFYEF, TSX: NFI) announced that all ten director nominees listed in its March 20, 2026 circular were elected at the May 8, 2026 shareholder meeting.

Rhea-AI Summary

NFI Group (OTC: NFYEF, TSX: NFI) announced that all ten director nominees listed in its March 20, 2026 circular were elected at the May 8, 2026 shareholder meeting. Each nominee received between 95.68% and 98.39% of votes cast. The Board also appointed directors to the Audit, Human Resources and Corporate Governance, and Operations and Technology committees, designating Anne Marie O’Donovan as Audit Chair, Maryse Saint-Laurent as Governance Chair, and Colin Robertson as Board and Operations and Technology Chair.

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WINNIPEG, Manitoba, May 11, 2026 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (the Company or NFI), a leading manufacturer of buses and coaches and a provider of comprehensive aftermarket parts and service solutions, is pleased to announce that the ten nominees listed in the management information circular dated March 20, 2026, were elected as directors of the Board at the Company’s annual and special meeting of shareholders (the Shareholder Meeting) held on Friday May 8, 2026. The detailed results of the vote for the election of directors held at the Shareholder Meeting are set out below.

Name of Nominee	Votes For		% For		Votes Withheld		% Withheld
Aziz Aghili	65,295,690		98.04%		1,307,712		1.96	%
Daniel Barclay	65,358,106		98.13%		1,245,296		1.87	%
Adam Gray	65,474,202		98.30%		1,129,200		1.70	%
Paulo Cezar da Silva Nunes	64,517,362		96.87%		2,086,040		3.13	%
Anne Marie O’Donovan	64,422,031		96.72%		2,181,371		3.28	%
Colin Robertson	65,532,506		98.39%		1,070,896		1.61	%
Maryse Saint-Laurent	63,723,743		95.68%		2,879,659		4.32	%
John Sapp	65,356,540		98.13%		1,246,862		1.87	%
John Scannell	64,075,564		96.20%		2,527,838		3.80	%
Jannet Walker-Ford	64,440,099		96.75%		2,163,303		3.25	%

Final voting results on all matters voted on at the Shareholder Meeting will be available at www.nfigroup.com and will be filed with the Canadian securities regulators and available on SEDAR at www.sedarplus.ca.

After the meeting, the Board appointed members of the various Board committees as indicated in the table below:

Name	Audit Committee	Human Resources and Corporate Governance Committee	Operations and Technology Committee
Aziz Aghili	■		■
Daniel Barclay	■
Adam Gray			■
Paulo Nunes		■
Maryse Saint-Laurent (Chair of the Governance Committee)	■	■
Anne Marie O’Donovan (Chair of the Audit Committee)	■	■
Colin Robertson, CBE (Chair of the Board and Chair of the Operations and Technology Committee)			■
John Sapp
John Scannell			■
Jannet Walker-Ford		■	■

About NFI

NFI is a leading independent global bus and coach manufacturer and a provider of aftermarket parts and service solutions. With more than 9,000 team members across ten countries and operations spanning over 40 facilities, NFI delivers a comprehensive portfolio of bus and coach platforms.

Through its brands New Flyer^® (heavy-duty transit buses), MCI^® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC^® (low-floor cutaway and medium-duty buses), and NFI Parts™, NFI supports a diverse and extensive portfolio, serving public transit, commuter, and coach markets. In total, NFI supports an installed base of more than 100,000 buses and coaches worldwide. NFI offers a broad range of propulsion systems, including zero-emission electric (referring to propulsion systems that do not utilize internal combustion engines, such as trolley, battery, and fuel cell), natural gas, electric hybrid, and advanced diesel technologies, providing agencies with multiple fleet technology options. NFI’s common shares trade on the Toronto Stock Exchange (TSX: NFI) and its convertible unsecured debentures trade under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, nfi.parts, www.alexander-dennis.com, arbocsv.com, and carfaircomposites.com.

For investor and media inquiries, please contact:
Stephen King
P: 204.792.1300
Stephen.King@nfigroup.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NFI Group (OTC: NFYEF) announce on May 11, 2026 about its board of directors?

NFI Group announced that all ten director nominees were elected at its May 8, 2026 shareholder meeting. According to NFI, the election followed its March 20, 2026 management information circular and confirmed the full slate of board members for the coming term.

What were the vote results for NFI Group (NFYEF) director elections at the May 8, 2026 shareholder meeting?

Each NFI director nominee received more than 95% of votes cast at the shareholder meeting. According to NFI, support ranged from 95.68% to 98.39% “for,” with individual totals such as 65,532,506 votes for Colin Robertson and 63,723,743 votes for Maryse Saint-Laurent.

Who are the key committee chairs on NFI Group’s board after the 2026 director elections?

Following the 2026 elections, Colin Robertson is Chair of the Board and Operations and Technology Committee. According to NFI, Anne Marie O’Donovan chairs the Audit Committee and Maryse Saint-Laurent chairs the Human Resources and Corporate Governance Committee, overseeing these core governance functions.

Which NFI Group (NFYEF) directors serve on the Audit Committee after the May 2026 meeting?

The Audit Committee includes Anne Marie O’Donovan as Chair, alongside Aziz Aghili and Maryse Saint-Laurent. According to NFI, these directors were appointed by the board immediately after the shareholder meeting as part of its post-election committee assignments.

Where can investors find full voting results from NFI Group’s May 8, 2026 shareholder meeting?

Full voting results will be posted on NFI Group’s corporate website and on SEDAR. According to NFI, results for all matters, including director elections, will be filed with Canadian securities regulators and made available through www.sedarplus.ca for public access.

What business does NFI Group (NFYEF) operate and which markets does it serve?

NFI Group is a global manufacturer of buses and coaches and aftermarket parts provider. According to NFI, it employs more than 9,000 people across ten countries, supports over 100,000 buses worldwide, and serves public transit, commuter, and coach markets with multiple propulsion technologies.