STELLARTON, NS, Sept. 12, 2024 /CNW/ – Empire Company Limited (“Empire” or the “Company”) EMP announced the voting results for the election of its directors at its Annual General Meeting (the “Meeting”) held today.

There were 98,121,279 Class B shares (over 99.9% of outstanding Class B shares) represented by proxy at the Meeting of which 100% of the Class B shares were voted in favour of each director nominee, and no Class B shares were withheld from voting on any nominee.

In addition to the election of directors, the Class B shareholders also voted on fixing the maximum number of directors at 18, on the remuneration of directors, on the appointment of PricewaterhouseCoopers LLP as auditors for fiscal 2024 and to authorize the Board of Directors to fix the auditors’ remuneration. 100% of the Class B shares represented at the Meeting were voted in favour of these motions.

The advisory resolution on the Company’s approach to executive compensation was voted on by both Non-Voting Class A and Class B shareholders. There were 111,408,916 Non-Voting Class A shares (78.10% of the Non-Voting Class A shares outstanding) represented by proxy at the Meeting of which 95.90% were voted in favour of the motion. 100% of the Class B shares represented at the Meeting were voted in favour of the advisory resolution.

Additionally, Empire shareholders voted Lisa Lisson to the Board of Directors for the first time. Ms. Lisson, who was appointed to the Board in June 2024, has had a distinguished career with Federal Express Corporation since joining the company in 1992, including as the first female President of FedEx Express Canada. She currently serves as President of Air Operations for Federal Express Corporation.

ABOUT EMPIRE

Empire Company Limited EMP is a Canadian company headquartered in Stellarton, Nova Scotia. Empire’s key businesses are food retailing, through wholly-owned subsidiary Sobeys Inc., and related real estate.  With approximately $31.5 billion in annual sales and $16.9 billion in assets, Empire and its subsidiaries, franchisees and affiliates employ approximately 128,000 people.

Additional financial information relating to Empire, including the Company’s Annual Information Form, can be found on the Company’s website at www.empireco.ca or at www.sedarplus.ca.

SOURCE Empire Company Limited

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