SNDL Announces 2024 Annual General Meeting Results

SNDL Inc. (Nasdaq: SNDL) announced the results of its 2024 Annual General Meeting.

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Rhea-AI Summary

SNDL Inc. (Nasdaq: SNDL) announced the results of its 2024 Annual General Meeting. Shareholders approved key resolutions, including: fixing the number of board directors at six, electing six directors for the ensuing year, and re-appointing Marcum LLP as auditors. The board size resolution passed with 93.70% approval. Director elections saw varying levels of support, with Gregory Turnbull receiving the highest at 91.64% and Lori Ell the lowest at 63.55%. The auditor re-appointment was approved by 92.63% of votes. These results indicate strong shareholder support for SNDL's governance structure and financial oversight.

Positive

High shareholder approval (93.70%) for maintaining the board size at six directors
Strong support (92.63%) for re-appointing Marcum LLP as auditors
Successful election of all proposed board members

Negative

Relatively low approval rates for some director nominees (Lori Ell at 63.55%, Frank Krasovec at 63.18%, Bryan Pinney at 63.17%)

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07/30/2024 - 05:45 PM EDT

CALGARY, AB, July 30, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL" or the "Company") is pleased to announce the resolutions put to holders of common shares (the "Shareholders") at the Annual General Meeting (the "Meeting") were passed.

At the Meeting, Shareholders approved: (i) fixing the number of directors of the board at six (6); (ii) electing each of Gregory Mills, Zachary George, Lori Ell, Frank Krasovec, Bryan Pinney and Gregory Turnbull as directors of the Company for the ensuing year; and (iii) re-appointing Marcum LLP as the auditors of the Company for the ensuing year and authorizing the board of directors of the Company to set their remuneration.

The following votes were received with respect to fixing the number of directors of the board at six (6):

# of Votes For	% of Votes For	# of Votes Against	% of Votes Against
81,750,156	93.70	5,494,236	6.30

The following votes were received with respect to each director nominee:

Nominee	# of Votes For	% of Votes For	# of Votes Withheld	% of Votes Withheld
Gregory Mills	27,229,822	83.82	5,254,700	16.18
Zachary George	25,602,408	78.81	6,882,114	21.19
Lori Ell	20,642,391	63.55	11,842,131	36.45
Frank Krasovec	20,523,625	63.18	11,960,896	36.82
Bryan Pinney	20,521,049	63.17	11,963,473	36.83
Gregory Turnbull	29,767,955	91.64	2,716,566	8.36

The following votes were received with respect to the re-appointment of Marcum LLP as the auditors of the Company:

# of Votes For	% of Votes For	# of Votes Withheld	% of Votes Withheld
80,812,036	92.63	6,432,356	7.37

Full voting results on the matters voted on at the Meeting can be found on SEDAR.

ABOUT SNDL INC.

SNDL is a public company whose shares are traded on the Nasdaq under the symbol "SNDL." SNDL is the largest private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf, and Firesale Cannabis. SNDL is a licensed cannabis producer and one of the largest vertically integrated cannabis companies in Canada specializing in low-cost biomass sourcing, premium indoor cultivation, product innovation, low-cost manufacturing facilities, and a cannabis brand portfolio that includes Top Leaf, Contraband, Citizen Stash, SNDL Cannabis, Palmetto, Bon Jak, Spiritleaf Selects, Versus Cannabis, Value Buds, Vacay, Grasslands and Superette. SNDL's investment portfolio seeks to deploy strategic capital through direct and indirect investments and partnerships throughout the North American cannabis industry. 

For more information on SNDL, please go to www.sndl.com.

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SOURCE SNDL Inc.

FAQ

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

What were the key resolutions passed at SNDL's 2024 Annual General Meeting?

SNDL shareholders approved fixing the board size at six directors, electing six directors for the ensuing year, and re-appointing Marcum LLP as auditors.

How many directors were elected to SNDL's board in 2024?

Six directors were elected to SNDL's board: Gregory Mills, Zachary George, Lori Ell, Frank Krasovec, Bryan Pinney, and Gregory Turnbull.

What percentage of votes did SNDL receive for re-appointing Marcum LLP as auditors?

SNDL received 92.63% of votes in favor of re-appointing Marcum LLP as auditors for the ensuing year.

Which SNDL director nominee received the highest percentage of votes in the 2024 election?

Gregory Turnbull received the highest percentage of votes among SNDL director nominees, with 91.64% of votes in favor.

SNDL Announces 2024 Annual General Meeting Results