Gildan Activewear AGM: Shareholders Reelect 9 Directors, Renew Rights Plan, Approve Say-on-Pay

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Sat, May 2, 2026 astatine 5:07 PM CDT 7 min read

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Key Points

Shareholders approved all items astatine the yearly meeting, including the reelection of 9 directors (eight independent), assignment of KPMG arsenic auditor, renewal of the shareholder rights plan, and a non-binding say-on-pay advisory vote.
Gildan reported grounds 2025 income of $3.6 cardinal (up 11%) and implicit 35% full shareholder return, and closed the HanesBrands acquisition connected Dec. 1, 2025 — financed with indebtedness and stock, including a astir $1.2 cardinal elder unsecured enactment — which absorption says materially expands scale, channels, and merchandise mix.
Leverage roseate to astir 3x post-acquisition, pausing stock repurchases until leverage returns to the 1.5–2.5x target, portion absorption maintained 2026 guidance of $6.0–$6.2 cardinal successful revenue, ~20% adjusted operating margin, and adjusted diluted EPS of $4.20–$4.40.
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Gildan Activewear (NYSE:GIL) shareholders approved each items up for ballot astatine the company’s yearly meeting, including the predetermination of 9 directors, the assignment of KPMG LLP arsenic auditor, the renewal of its shareholder rights plan, and a non-binding advisory solution connected enforcement compensation.

Meeting proceedings and voting items

Michael Kneeland, Chair of the Board of Directors, opened the gathering and noted that it was held successful a hybrid format to let some in-person and virtual participation. Rob Assal, the company’s Chief Legal and Administrative Officer and Corporate Secretary, reviewed procedures for voting and questions, including eligibility requirements for registered shareholders and duly appointed proxy holders of grounds arsenic of March 17, 2026.

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Assal said shareholders were asked to ballot connected 4 matters described successful the absorption accusation circular:

Appointment of the auditors
Election of directors
Adoption, ratification, and renewal of the shareholder rights plan
A non-binding “say connected pay” advisory ballot connected enforcement compensation

Kneeland besides presented the company’s audited consolidated fiscal statements for the fiscal twelvemonth ended Dec. 28, 2025, on with the auditor’s report.

Director elections and different resolutions approved

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Following the scrutineers’ study from Computershare, Kneeland said each 9 manager nominees were elected: Kneeland, Glenn Chamandy, Michener Chandlee, Anne-Laure Descours, Ghislain Houle, Mélanie Kau, Deepak Khandelwal, Peter Lee, and Karen Stuckey. Kneeland noted the committee had determined that 9 directors should beryllium elected and that 8 of the 9 nominees are independent.

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