Gildan (NYSE: GIL) investors approve board, auditor, rights plan and pay
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Gildan Activewear Inc. reported the results of its annual shareholder meeting held April 30, 2026 in Montreal. All nine director nominees in the March 17, 2026 management proxy circular were elected, each receiving more than 97% of votes cast.
Shareholders reappointed KPMG LLP as auditor with 148,645,275 votes for, or 92.71%. They also approved, ratified and renewed the Shareholder Rights Plan with 144,722,506 votes for, or 93.78%. The non-binding advisory vote on executive compensation (Say on Pay) passed with 149,974,675 votes for, or 97.18%. According to the scrutineers’ report, 160,335,417 common shares, or 86.58% of the 185,177,487 shares outstanding on the March 17, 2026 record date, were represented at the meeting.
Positive
- None.
Negative
- None.
Key Figures
Shares represented at meeting: 160,335,417 shares
Shares outstanding: 185,177,487 shares
Auditor appointment support: 148,645,275 votes (92.71%) for
+4 more
7 metrics
Shares represented at meeting
160,335,417 shares
Present or by proxy at April 30, 2026 meeting; 86.58% of 185,177,487 shares outstanding on March 17, 2026 record date
Shares outstanding
185,177,487 shares
Outstanding on March 17, 2026 record date for the annual meeting
Auditor appointment support
148,645,275 votes (92.71%) for
Reappointment of KPMG LLP as auditors; 11,689,421 votes (7.29%) withheld
Shareholder Rights Plan approval
144,722,506 votes (93.78%) for
Approval, ratification and renewal of Shareholder Rights Plan; 9,598,706 votes (6.22%) against
Say on Pay approval
149,974,675 votes (97.18%) for
Non-binding advisory vote on executive compensation; 4,346,534 votes (2.82%) against
Director support example – Glenn J. Chamandy
153,982,923 votes (99.78%) for
Election as director; 338,229 votes (0.22%) against
Director support example – Peter Lee
150,275,927 votes (97.38%) for
Election as director; 4,045,301 votes (2.62%) against
Key Terms
Shareholder Rights Plan, Say on Pay, advisory vote on executive compensation, National Instrument 51-102, +2 more
6 terms
Say on Pay financial
"the non-binding advisory vote on Executive Compensation (“Say on Pay”). The voting results are detailed"
Say on pay is a shareholder vote—typically nonbinding—on a company’s executive compensation package, allowing investors to approve or reject how top managers are paid. Think of it as a public performance review: widespread disapproval can signal poor governance, prompt changes to pay practices, attract activist investors, and influence investor confidence and share value. It matters because it gives owners a direct way to influence compensation that affects company incentives and long-term performance.
advisory vote on executive compensation financial
"adoption of an advisory vote on executive compensation. According to proxies received and ballots cast"
A non-binding shareholder vote allowing investors to approve or reject the pay packages and compensation policies for a company’s top executives. It matters because the outcome tells the board whether owners are satisfied with executive pay and can prompt changes in policy or leadership much like a customer survey prompts a company to adjust its product — signaled approval can support management credibility, while rejection may increase scrutiny and affect investor confidence.
National Instrument 51-102 regulatory
"Report of Voting Results Pursuant to Section 11.3 of National Instrument 51-102 – Continuous Disclosure"
National Instrument 51-102 is a Canadian securities rule that requires public companies to regularly publish clear, standardized information about their finances and significant developments, such as quarterly and annual reports, management discussion and analysis, and notices of material changes. For investors it acts like a rule forcing businesses to keep their financial “windows” clear and up to date, making it easier to compare companies, spot risks, and make informed decisions.
foreign private issuer regulatory
"FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
FAQ
What were the 2026 Gildan (GIL) Say on Pay voting results?
Shareholders approved Gildan’s non-binding advisory vote on executive compensation. The Say on Pay resolution received 149,974,675 votes for, or 97.18%, and 4,346,534 votes against, or 2.82%, indicating strong shareholder backing for the company’s compensation approach.