STELLARTON, NS, Sept. 12,
2024 /CNW/ - Empire Company Limited ("Empire" or
the "Company") (TSX: EMP.A) announced the voting results for the
election of its directors at its Annual General Meeting (the
"Meeting") held today.
There were 98,121,279 Class B shares (over 99.9% of outstanding
Class B shares) represented by proxy at the Meeting of which 100%
of the Class B shares were voted in favour of each director
nominee, and no Class B shares were withheld from voting on any
nominee.
In addition to the election of directors, the Class B
shareholders also voted on fixing the maximum number of directors
at 18, on the remuneration of directors, on the appointment of
PricewaterhouseCoopers LLP as auditors for fiscal 2024 and to
authorize the Board of Directors to fix the auditors' remuneration.
100% of the Class B shares represented at the Meeting were voted in
favour of these motions.
The advisory resolution on the Company's approach to executive
compensation was voted on by both Non-Voting Class A and Class B
shareholders. There were 111,408,916 Non-Voting Class A shares
(78.10% of the Non-Voting Class A shares outstanding) represented
by proxy at the Meeting of which 95.90% were voted in favour of the
motion. 100% of the Class B shares represented at the Meeting were
voted in favour of the advisory resolution.
Additionally, Empire shareholders voted Lisa Lisson to the Board of Directors for the
first time. Ms. Lisson, who was appointed to the Board in
June 2024, has had a distinguished
career with Federal Express Corporation since joining the company
in 1992, including as the first female President of FedEx Express
Canada. She currently serves as President of Air Operations for
Federal Express Corporation.
ABOUT EMPIRE
Empire Company Limited (TSX: EMP.A) is a Canadian company
headquartered in Stellarton, Nova
Scotia. Empire's key businesses are food retailing, through
wholly-owned subsidiary Sobeys Inc., and related real
estate. With approximately $31.5
billion in annual sales and $16.9
billion in assets, Empire and its subsidiaries, franchisees
and affiliates employ approximately 128,000 people.
Additional financial information relating to Empire, including
the Company's Annual Information Form, can be found on the
Company's website at www.empireco.ca or at www.sedarplus.ca.
SOURCE Empire Company Limited
