Dorel Industries Holds Annual Meeting; Directors Re-elected
Dorel Industries Holds Annual Meeting; Directors Re-elected
MONTRÉAL – Dorel Industries Inc. (TSX: DII.B, DII.A) recently announced the successful re-election of its board of directors during its Annual Meeting of Shareholders. At this vital gathering, which showcases the company’s commitment to stakeholder engagement, all nominees outlined in the Management Proxy Circular were confirmed to serve another term.
Election Process and Results
A structured election process took place, including the collection of proxies and the casting of votes by shareholders present at the meeting. This diligent approach guarantees that every shareholder's voice is heard, promoting transparency and trust in the electoral process.
Directors Elected
Several talented individuals were re-elected to the board, reflecting the confidence shareholders have in their leadership. Among those elected:
- Martin Schwartz: Received 49,852,869 votes, accounting for 85.73% of the votes in favor.
- Jeffrey Schwartz: Accumulated 49,151,316 votes, with 84.52% supporting his reappointment.
- Jeff Segel: Garnered 49,756,686 votes, translating to 85.57% approval.
- Maurice Tousson: Secured 46,500,967 votes, receiving 79.97% in favor.
- Norman M. Steinberg: Collected 46,703,034 votes or 80.31%.
- Sharon Ranson: Achieved 46,906,353 votes, which is 80.66% of votes in favor.
- Brad A. Johnson: Validated with 47,007,396 votes, representing 80.84% support.
Auditors Reappointed
In addition to director elections, shareholders voted to reappoint KPMG LLP as the company’s auditors. This esteemed firm has provided invaluable insights and direction in the company’s financial oversight.
Dorel Industries: A Company Profile
Dorel Industries Inc. (TSX: DII.B, DII.A) operates globally with a focus on two main sectors: juvenile products and home products. Enjoying annual sales of approximately US$1.4 billion, Dorel prides itself on innovation, quality, and the strength of its various brands. Its juvenile brands include globally recognized names like Maxi-Cosi and Safety 1st, alongside regional players such as BebeConfort and Cosco. Dorel Home, on its end, leverages an advanced e-commerce platform to market an extensive range of furniture.
Commitment to Community and Workforce
Dorel employs around 3,600 individuals across 22 countries, emphasizing its commitment to community, diversity, and workforce wellbeing. With a robust company culture that encourages innovation, Dorel Industries continues to strengthen its market position and enhance its product offerings.
CONTACTS:
Dorel Industries Inc.
John Paikopoulos
(514) 934-3034
Dorel Industries Inc.
Jeffrey Schwartz
(514) 934-3034
Frequently Asked Questions
What are the key outcomes of the recent annual meeting?
The key outcomes included the re-election of board directors and the reappointment of KPMG LLP as auditors.
Who were re-elected to the board of Dorel Industries?
Notable re-elected members include Martin Schwartz, Jeffrey Schwartz, and Jeff Segel, among others.
What sectors does Dorel Industries operate in?
Dorel Industries operates in juvenile products and home products sectors, with a diverse range of offerings in each.
How does Dorel ensure transparency during elections?
Dorel uses a structured proxy and voting process, allowing all shareholders to express their opinions and ensuring a fair election.
Where can I find information about Dorel's directors?
Biographies of Dorel's directors are available in the Board of Directors section on Dorel’s official website.
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