PRIMO WATER CORPORATION ANNOUNCES RESULTS OF VOTING FOR DIRECTORS AT ANNUAL MEETING OF SHAREOWNERS

Rhea-AI Summary

On May 10, 2022, Primo Water Corporation held its annual meeting, where all director nominees were successfully elected. Notable voting results include Britta Bomhard receiving 99.18% of votes and Susan E. Cates receiving 99.82%. Eric Rosenfeld had the lowest support with 72.45%. The election reflects strong shareholder confidence in the current board. Primo Water operates with a revenue of approximately $2.1 billion and offers sustainable water solutions across 22 countries, contributing to reduced plastic waste and promoting healthier lifestyles.

Positive

• Successful election of all director nominees with high vote percentages, indicating strong shareholder confidence.
• Company operates in a growing market for sustainable drinking water solutions generating approximately $2.1 billion in annual revenue.

Negative

• Eric Rosenfeld received only 72.45% support, indicating potential shareholder concerns or dissatisfaction.

TAMPA, Fla., May 11, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, today announced the results of voting for directors at its annual meeting of shareowners held on May 10, 2022 (the "Meeting"). By a vote conducted by ballot, each of the nominees listed in the proxy statement dated March 31, 2022 was elected as a director of the Company at the Meeting. The detailed voting results are as follows:

Nominee	# of Votes For	% of Votes For	# of Votes Withheld	% of Votes Withheld
Britta Bomhard	141,022,598	99.18%	1,164,398	0.82%
Susan E. Cates	141,926,424	99.82%	260,572	0.18%
Jerry Fowden	140,838,932	99.05%	1,348,064	0.95%
Stephen H. Halperin	136,890,006	96.27%	5,296,990	3.73%
Thomas J. Harrington	141,441,095	99.48%	745,901	0.52%
Gregory Monahan	134,974,880	94.93%	7,212,116	5.07%
Billy D. Prim	141,458,564	99.49%	728,432	0.51%
Eric Rosenfeld	103,009,019	72.45%	39,177,977	27.55%
Archana Singh	141,447,225	99.48%	739,771	0.52%
Steven P. Stanbrook	139,292,922	97.96%	2,894,074	2.04%

Details of the voting results on all matters considered at the Meeting are available in the Company's report of voting results, which is available under the Company's profile on SEDAR at www.sedar.com.

ABOUT PRIMO WATER CORPORATION

Primo Water Corporation is a leading pure-play water solutions provider in North America and Europe and generates approximately $2.1 billion in annual revenue. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo's revenue model is its industry leading line-up of sleek and innovative water dispensers, which are sold through retailers and online at various price points. The dispensers help increase household penetration which drives recurring purchases of Primo's razorblade offering. Primo's razorblade offering is comprised of Water Direct, Water Exchange, and Water Refill. Through its Water Direct business, Primo delivers sustainable hydration solutions across its 22-country footprint direct to the customer's door, whether at home or to businesses. Through its Water Exchange and Water Refill businesses, Primo offers pre-filled and reusable containers at over 13,000 locations and water refill units at approximately 23,000 locations, respectively. Primo also offers water filtration units across its 22-country footprint.  

Primo's water solutions expand consumer access to purified, spring, and mineral water to promote a healthier, more sustainable lifestyle while simultaneously reducing plastic waste and pollution. Primo is committed to its water stewardship standards and is proud to partner with the International Bottled Water Association (IBWA) in North America as well as with Watercoolers Europe (WE), which ensure strict adherence to safety, quality, sanitation and regulatory standards for the benefit of consumer protection. 

Primo is headquartered in Tampa, Florida (USA). For more information, visit www.primowatercorp.com.

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SOURCE Primo Water Corporation

FAQ

What were the results of the Primo Water Corporation annual meeting held on May 10, 2022?

All director nominees were elected with high percentages of shareholder votes, notably Susan E. Cates with 99.82%.

What percentage of votes did Eric Rosenfeld receive during the director elections at Primo Water Corporation?

Eric Rosenfeld received 72.45% of the votes, the lowest among the nominees.

How much revenue does Primo Water Corporation generate annually?

Primo Water Corporation generates approximately $2.1 billion in annual revenue.

What are the main business areas of Primo Water Corporation?

Primo offers sustainable drinking water solutions through Water Direct, Water Exchange, and Water Refill businesses across 22 countries.

What indicates the shareholders' confidence in Primo Water Corporation's board after the May 2022 meeting?

The successful election of all director nominees with high voting percentages indicates strong shareholder confidence.