Gildan Activewear Reports on Shareholders’ Voting Results

Rhea-AI Summary

Gildan Activewear Inc. (GIL) successfully held its virtual annual meeting on May 5, 2022, where all eleven proposed director nominees were elected by majority shareholder votes. The company also received majority support for the non-binding advisory vote on executive compensation and the reappointment of its auditors. Detailed voting results show strong approval, with percentages for director elections ranging from 91.74% to 99.85% in favor. These outcomes reflect positive shareholder confidence in Gildan's leadership and governance practices.

Positive

• All eleven nominees for director were elected with over 91% support.
• Strong shareholder backing for executive compensation with 92.33% approval.
• Reappointment of auditors received 88.78% shareholder approval.

Negative

• None.

MONTRÉAL, May 05, 2022 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) today announced that the eleven nominees proposed as directors in its management proxy circular dated March 8, 2022 were elected as directors of the Company by a majority of the votes cast by the shareholders or represented by proxy at its virtual annual meeting of shareholders held on May 5, 2022 in Montréal. Gildan also notes that a majority of shareholders voted for the non-binding advisory vote on Executive Compensation (“Say on Pay”), and the reappointment of its auditors.

The voting results are detailed below:

	FOR		WITHHELD/AGAINST
	Number	%	Number	%
Resolution 1
Election of Directors
Donald C. Berg	160,877,944	99.85%	237,274	0.15%
Maryse Bertrand	147,809,518	91.74%	13,305,701	8.26%
Dhaval Buch	158,785,600	98.55%	2,329,617	1.45%
Marc Caira	156,150,357	96.92%	4,964,860	3.08%
Glenn J. Chamandy	160,017,966	99.32%	1,097,252	0.68%
Shirley E. Cunningham	157,727,624	97.90%	3,387,594	2.10%
Russell Goodman	158,068,626	98.11%	3,046,591	1.89%
Charles M. Herington	155,527,074	96.53%	5,588,143	3.47%
Luc Jobin	156,642,129	97.22%	4,473,089	2.78%
Craig A. Leavitt	159,357,557	98.91%	1,757,660	1.09%
Anne Martin-Vachon	157,411,310	97.70%	3,703,908	2.30%
Resolution 2
Say on Pay	148,753,541	92.33%	12,361,673	7.67%
Resolution 3
Appointment of Auditors	144,985,209	88.78%	18,319,805	11.22%

About Gildan
Gildan is a leading manufacturer of everyday basic apparel which markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands, including Gildan®, American Apparel®, Comfort Colors®, GOLDTOE®, Peds®, and under the Under Armour® brand through a sock licensing agreement providing exclusive distribution rights in the United States and Canada. The Company’s product offerings include activewear, underwear and socks, sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms, and to global lifestyle brand companies.

Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America, and Bangladesh. Gildan operates with a strong commitment to industry-leading labour, environmental and governance practices throughout its supply chain in accordance with its comprehensive ESG program embedded in the Company's long-term business strategy. More information about the Company and its ESG practices and initiatives can be found at www.gildancorp.com.

Investor inquiries:	Media inquiries:
Sophie Argiriou	Genevieve Gosselin
Vice President, Investor Communications	Director, Global Communications and Corporate Marketing
(514) 343-8815	(514) 343-8814
sargiriou@gildan.com	ggosselin@gildan.com

FAQ

What were the results of Gildan Activewear's annual meeting on May 5, 2022?

At the annual meeting, all eleven director nominees were elected, and the advisory vote on executive compensation received 92.33% support.

How did shareholders vote on executive compensation for Gildan Activewear?

The advisory vote on executive compensation received 92.33% approval from shareholders.

What percentage of shareholders approved the reappointment of auditors for Gildan Activewear?

The reappointment of auditors was approved by 88.78% of shareholders.

What is Gildan's stock symbol?

Gildan Activewear's stock symbol is GIL.