
MTY Food Group Inc. Announces Results from 2025 Annual General Meeting
MONTREAL, May 05, 2025 (GLOBE NEWSWIRE) — MTY Food Group Inc. ('MTY' or the 'Company') (TSX: MTY), franchisor and operator of multiple concepts of restaurants, is pleased to report the results from the votes from its shareholders for the 2025 Annual General Meeting of Shareholders held on Friday May 2, 2025 (the ''Meeting'').
Over 16,283,918 shares were voted representing 70.57% of the outstanding shares of the Company. Here are the results of the votes on the matters set out in the management information circular dated March 19, 2025:
1. Election of Directors
Each of the nominees listed in the Information Circular was elected as a Director of the Corporation, Individual results are set out below:
2. Appointment of Auditor
Pricewaterhousee Coopers, LLP., was reappointed as auditor of the Corporation and the directors were authorized to fix the remuneration of the auditor. Results are set below:
3. Advisory vote on executive compensation
The shareholders have approved the following resolution: That, on an advisory basis and not to diminish the role and responsibilities of the Directors, the shareholders accept the Board's approach to executive compensation disclosed in the Information Circular. Results are set below:
4. Shareholder proposals #1
The following resolution was rejected by the shareholders: That, the Board of Directors adopts a policy to require the Board Chair to be an independent director and amends the governing documents as necessary. Votes results are set out below:
5. Shareholder proposals #2
The following resolution was rejected by the shareholders: That, MTY publishes a food waste transparency report that identifies the types and quantities of food in the waste streams across its organization (including related disposal methods) and establishes measurable, timebound food waste reduction targets to regularly report progress toward. Votes results are set out below:
6. Shareholder proposals #3
The following resolution was rejected by the shareholders: That, MTY adopts 'a roadmap with benchmarks' for switching to cage-free eggs. Votes results are set out below:
Each of the matters voted at the Meeting is discussed in detail in the Company's Management Information Circular dated March 19, 2025. These can be found on SEDAR+ at
www.sedarplus.com
under the Company's profile for public filings. Final voting results on all matters voted at the Meeting will be filed on SEDAR+ at
www.sedarplus.com
under the Company's profile for public filings.
Certain information in this News Release may constitute 'forward-looking' information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. When used in this News Release, this information may include words such as 'anticipate', 'estimate', 'may', 'will', 'expect', 'believe', 'plan' and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this News Release. Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information is available in the Company's Management Discussion and Analysis, which can be found on SEDAR+ at
www.sedarplus.com
.
On Behalf of the Board of Directors of
MTY Food Group Inc.
_____________________________________
Eric Lefebvre, Chief Executive Officer
For more information please contact Eric Lefebvre, Chief Executive Officer at 1-514-336-8885 or by email at
ir@mtygroup.com
, or visit our website:
www.mtygroup.com
or SEDAR+'s website at
www.sedarplus.com
under the Company's name.
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