Gildan Activewear Reports on Shareholders' Voting Results

MONTRÉAL, April 30, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or the "Company") today announced that the eight nominees proposed as directors in its management proxy circular dated March 18, 2025 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, 2025 in Montréal. Gildan also notes that a majority of the votes cast by shareholders were in favour of the non-binding advisory vote on Executive Compensation ("Say on Pay") and the reappointment of its auditors.

The voting results are detailed below:

 
                                            FOR             WITHHELD/AGAINST 
---------------------------------  ---------------------  -------------------- 
                                      Number        %        Number       % 
---------------------------------  -------------  ------  ------------  ------ 
Resolution 1 
---------------------------------  -------------  ------  ------------  ------ 
Appointment of Auditors              113,566,354  88.79%    14,344,315  11.21% 
---------------------------------  -------------  ------  ------------  ------ 
Resolution 2 
---------------------------------  -------------  ------  ------------  ------ 
Election of Directors 
---------------------------------  -------------  ------  ------------  ------ 
   Michael Kneeland                  120,184,823  95.84%     5,217,322   4.16% 
---------------------------------  -------------  ------  ------------  ------ 
   Glenn J. Chamandy                 125,321,401  99.94%        80,741   0.06% 
---------------------------------  -------------  ------  ------------  ------ 
   Michener Chandlee                 124,844,153  99.56%       557,990   0.44% 
---------------------------------  -------------  ------  ------------  ------ 
   Anne-Laure Descours               125,313,548  99.93%        88,595   0.07% 
---------------------------------  -------------  ------  ------------  ------ 
   Ghislain Houle                    122,884,183  97.99%     2,517,958   2.01% 
---------------------------------  -------------  ------  ------------  ------ 
   Mélanie Kau                  123,769,180  98.70%     1,632,962   1.30% 
---------------------------------  -------------  ------  ------------  ------ 
   Peter Lee                         111,142,448  88.63%    14,259,696  11.37% 
---------------------------------  -------------  ------  ------------  ------ 
   Karen Stuckey                     124,962,647  99.65%       439,495   0.35% 
---------------------------------  -------------  ------  ------------  ------ 
Resolution 3 
---------------------------------  -------------  ------  ------------  ------ 
Advisory Vote on Executive 
 Compensation                        104,083,922  83.00%    21,318,217  17.00% 
---------------------------------  -------------  ------  ------------  ------ 
 

About Gildan

Gildan is a leading manufacturer of everyday basic apparel. The Company's product offering includes activewear, underwear and socks, sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms and to global lifestyle brand companies. The Company markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan$(R)$ , American Apparel(R) , Comfort Colors(R) , GOLDTOE(R) and Peds(R) , and under an exclusive licensing agreement for the printwear channel for Champion(R) .

Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America, and Bangladesh. Gildan operates with a strong commitment to industry-leading labour, environmental and governance practices throughout its supply chain in accordance with its comprehensive ESG program embedded in the Company's long-term business strategy. More information about the Company and its ESG practices and initiatives can be found at www.gildancorp.com.

 
Investor inquiries: Jessy Hayem, CFA      Media inquiries: Genevieve Gosselin 
Senior Vice-President, Head of            Director, Global Communications and 
Investor Relations and Global             Corporate Marketing (514) 343-8814 
Communications (514) 744-8511             communications@gildan.com 
jhayem@gildan.com 
 

(END) Dow Jones Newswires

April 30, 2025 15:40 ET (19:40 GMT)