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Restaurant Brands International Inc. Announces Election of Directors

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On June 6, 2024, Restaurant Brands International (TSX: QSR, NYSE: QSR) announced the election results of its Board of Directors at the Annual Meeting of Shareholders. The meeting saw 89.5% of eligible votes represented, totaling 402,555,067 votes. All ten incumbent directors nominated by the Board were re-elected to serve until the next annual meeting. Notable vote outcomes included Maximilien de Limburg Stirum with 99.55% votes for and only 0.44% against, and Daniel S. Schwartz with 99.61% votes for and 0.37% against. Full voting results will be filed with Canadian and U.S. securities regulators.

Positive
  • All ten incumbent directors were re-elected, ensuring continuity in leadership.
  • High voter turnout with 89.5% of eligible votes represented.
  • Incumbent directors received overwhelming support, with votes for each nominee exceeding 92%.
Negative
  • None of the director nominees faced significant opposition, potentially indicating lack of diversity in board composition.
  • The continuation of the same board may lead to stagnation if new perspectives are not introduced.

TORONTO, June 6, 2024 /PRNewswire/ - Restaurant Brands International Inc. (TSX: QSR) (NYSE: QSR) ("RBI") today announced the results of the vote on the election of directors at its Annual Meeting of Shareholders held on June 6, 2024.

The total number of eligible votes represented in person or by proxy at the meeting was 402,555,067 representing 89.5% of all eligible votes.

RBI's proxy circular provided for ten nominees to the Board of Directors. The ten individuals nominated by the Board of Directors for election as directors of RBI were elected, each to hold office until the next annual meeting of shareholders or until their respective successors are elected or appointed. Each nominee was an incumbent director.

The votes cast with respect to each nominee were as follows:

Director Nominee

Votes For

%

Votes Against

%

Alexandre Behring

367,429,515

92.68

27,647,362

6.97

Maximilien de Limburg Stirum

394,653,046

99.55

1,741,612

0.44

J. Patrick Doyle

389,749,683

98.31

6,574,552

1.66

Cristina Farjallat

382,281,092

96.43

13,931,373

3.51

Jordana Fribourg

377,375,177

95.19

18,479,165

4.66

Ali Hedayat

384,881,529

97.08

11,488,584

2.90

Marc Lemann 

377,708,464

95.27

18,087,227

4.56

Jason Melbourne 

380,554,054

95.99

15,654,327

3.95

Daniel S. Schwartz

394,911,858

99.61

1,476,602

0.37

Thecla Sweeney

394,059,000

99.40

2,314,163

0.58

Final voting results on all matters at the Annual Meeting of Shareholders will be filed with Canadian and U.S. securities regulators.

About Restaurant Brands International

Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with over $40 billion in annual system-wide sales and over 30,000 restaurants in more than 120 countries and territories. RBI owns four of the world's most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities. To learn more about RBI, please visit the company's website at www.rbi.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/restaurant-brands-international-inc-announces-election-of-directors-302166548.html

SOURCE Restaurant Brands International Inc.

FAQ

What were the results of the Restaurant Brands International Board election on June 6, 2024?

All ten incumbent directors were re-elected with vote percentages exceeding 92% for each nominee.

How many votes were represented at the RBI Annual Meeting of Shareholders in 2024?

A total of 402,555,067 votes were represented, accounting for 89.5% of all eligible votes.

Who received the highest percentage of votes in favor during the RBI Board election?

Daniel S. Schwartz received the highest percentage of votes in favor, with 99.61%.

Where will the final voting results of the RBI Annual Meeting be filed?

The final results will be filed with Canadian and U.S. securities regulators.

What is the stock symbol for Restaurant Brands International?

The stock symbol for Restaurant Brands International is QSR.

Restaurant Brands International Inc.

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