Press Releases May 1, 2026 07:30 AM

Gildan Activewear Reports on Shareholders’ Voting Results

Gildan Activewear Announces Shareholders Approve All Key Resolutions at Annual Meeting

By Marcus Reed
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Gildan Activewear Inc. held its annual shareholders meeting, where all nine director nominees were duly elected. Shareholders also approved the reappointment of the company's auditor, the renewal of the Shareholder Rights Plan, and supported the executive compensation advisory vote ('Say on Pay'). These results reflect strong shareholder confidence in the company's governance and strategic direction.

Gildan Activewear Reports on Shareholders’ Voting Results
GIL
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Key Points

  • All nine director nominees were elected with strong majority votes, signaling stable corporate governance.
  • Reappointment of auditor and renewal of Shareholder Rights Plan were approved, indicating continued confidence in financial integrity and shareholder protection mechanisms.
  • High shareholder approval for executive compensation demonstrates alignment between management and shareholders.
  • The announcement affects the apparel manufacturing sector, particularly companies involved in activewear and basics, and impacts investors in consumer discretionary stocks related to clothing and retail.

MONTREAL, May 01, 2026 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) today announced that the nine nominees proposed as directors in its management proxy circular dated March 17, 2026 were elected as directors of the Company by a majority of the votes cast by the shareholders or represented by proxy at its hybrid annual meeting of shareholders held on April 30, 2026 in Montreal. Gildan also notes that a majority of the votes cast by shareholders were in favour of the reappointment of its auditor, the approval, ratification and renewal of the Shareholder Rights Plan, and the non-binding advisory vote on Executive Compensation (“Say on Pay”).

The voting results are detailed below:

 FORWITHHELD/AGAINSTNumber%Number%Resolution 1    Appointment of the Auditor148,645,27592.71%11,689,4217.29%Resolution 2    Election of Directors    Michael Kneeland151,764,89598.34%2,556,2591.66%Glenn J. Chamandy153,982,92399.78%338,2290.22%Michener Chandlee153,183,13199.26%1,138,0970.74%Anne-Laure Descours153,362,35799.38%958,8720.62%Ghislain Houle150,757,86697.69%3,563,2932.31%Mélanie Kau153,127,50999.23%1,193,7120.77%Deepak Khandelwal153,967,88999.77%353,3340.23%Peter Lee150,275,92797.38%4,045,3012.62%Karen Stuckey153,782,29999.65%538,9290.35%Resolution 3    Shareholder Rights Plan144,722,50693.78%9,598,7066.22%Resolution 4    Say on Pay149,974,67597.18%4,346,5342.82%


About Gildan

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies and directly to consumers. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO™, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S. and Canada.

Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America, and Asia. Gildan integrates industry-leading labour, environmental, and governance practices into its operations and supply chain under a sustainability program that is aligned with its long-term business strategy. More information about Gildan and its sustainability commitments and initiatives can be found at www.gildancorp.com.

Investor inquiries:
Jessy Hayem, CFA
Senior Vice-President, Head of Investor Relations and Global Communications
(514) 744-8511
[email protected]Media inquiries:
Jonathan Binder
Director, Corporate Communications
(336) 519-6330
[email protected]

Risks

  • Potential future shareholder dissent on executive compensation as it remains a non-binding advisory vote, which may lead to pressure on management if results change.
  • Market conditions affecting global apparel demand could impact company performance despite stable governance.
  • Risks related to maintaining sustainability and governance practices could influence investor confidence if not upheld, affecting reputation in consumer and institutional investment sectors.

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