Roots Shareholders Elect Full Board, Reappoint KPMG at Annual Meeting

Key Points

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• Roots shareholders elected the company's afloat committee of 9 directors astatine its Fiscal 2025 Annual Meeting, with preliminary results showing each nominee received overwhelming enactment and was elected to service until the adjacent yearly meeting.

• KPMG LLP was reappointed arsenic Roots' auditor until the adjacent yearly meeting, and shareholders besides authorized the committee to acceptable auditor remuneration.

• The gathering was mostly routine, with about 68.8% of outstanding shares represented and nary shareholder questions submitted connected the voting items.

Roots (TSE:ROOT) shareholders elected the company's afloat slate of manager nominees and reappointed KPMG LLP arsenic auditor astatine the retailer's Fiscal 2025 Annual Meeting of Shareholders, according to remarks made during the virtual meeting.

Chairman of the Board Erol Uzumeri formally opened the gathering and said a quorum was present. He reported that, of astir 39.2 cardinal issued and outstanding shares, astir 27 cardinal shares, oregon 68.8%, were represented astatine the meeting.

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The gathering covered 3 ceremonial items of business: receipt of the company's consolidated fiscal statements for the 52-week play ended Jan. 31, 2026; predetermination of directors; and reappointment of the company's auditors, with authorization for the committee to acceptable auditor remuneration.

Director nominees elected

Uzumeri introduced the 9 manager nominees lasting for election: Scott Cameron, Phil Bacal, Mary Ann Curran, Greg David, Edward Kernaghan, Dale Lastman, Dexter Peart, Meghan Roach and Uzumeri. He said each 9 nominees were existent members of the committee and had consented to basal for election.

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Uzumeri noted that Roots shareholders ballot for directors individually alternatively than arsenic a slate. Based connected proxies received up of the meeting, helium said each manager nominee had received votes successful favour from astatine slightest 99.9% of votes cast.

No further manager nominations were received up of the deadline, Uzumeri said. Because the predetermination was uncontested, helium said bulk voting requirements nether the Canada Business Corporations Act applied, meaning each nominee needed to person much votes successful favour than against to beryllium elected.

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After physics voting was conducted during the meeting, Uzumeri said the scrutineer's preliminary ballot showed that each projected manager nominee had been duly elected to service until the adjacent yearly gathering of shareholders, oregon until they resign oregon their successors are elected oregon appointed.