MONTREAL, May 15, 2024
/PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX:
LEV) ("Lion" or the "Company"), a leading manufacturer of
all-electric medium and heavy-duty urban vehicles, today held its
annual meeting of shareholders (the "Meeting") as a virtual
meeting. A total of 124,783,928 common shares (representing
approximately 55.16% of all issued and outstanding common shares of
the Company) were represented online or by proxy at the Meeting.
Lion hereby announces that shareholders of the Company (the
"Shareholders") voted in favour of all items of business put forth
at the Meeting by the Company. The complete voting results for each
item of business at the Meeting are presented below.
ELECTION OF DIRECTORS
The Board of Directors of the Company had fixed at ten the
number of directors (the "Directors") to be elected at the Meeting.
Each of the ten nominees listed in the Company's Management
Information Circular dated April 4,
2024, was elected as a Director of Lion until the close of
the next annual meeting of Shareholders of the Company or until
their successors are appointed. All of the nominees were members of
the Board of Directors prior to the Meeting.
|
Nominee
|
Votes For
|
% Votes For
|
Votes
Withheld
|
% Votes
Withheld
|
|
Latasha
Akoma
|
114,016,563
|
98.22 %
|
2,065,169
|
1.78 %
|
|
Sheila C.
Bair
|
113,007,227
|
97.35 %
|
3,074,505
|
2.65 %
|
|
Marc
Bedard
|
114,190,280
|
98.37 %
|
1,891,452
|
1.63 %
|
|
Pierre
Larochelle
|
114,172,085
|
98.35 %
|
1,909,647
|
1.65 %
|
|
Dane L.
Parker
|
113,277,138
|
97.58 %
|
2,804,594
|
2.42 %
|
|
Ann L. Payne
|
113,319,897
|
97.62 %
|
2,761,835
|
2.38 %
|
|
Pierre-Olivier
Perras
|
110,993,760
|
95.62 %
|
5,087,972
|
4.38 %
|
|
Michel
Ringuet
|
115,383,513
|
99.40 %
|
698,219
|
0.60 %
|
|
Lorenzo
Roccia
|
112,690,903
|
97.08 %
|
3,390,829
|
2.92 %
|
|
Pierre
Wilkie
|
114,121,005
|
98.31 %
|
1,960,727
|
1.69 %
|
APPOINTMENT OF INDEPENDENT AUDITORS
Raymond Chabot Grant Thornton LLP, Chartered Professional
Accountants, were appointed as independent auditors of Lion until
the close of the next annual meeting of Shareholders, and the
Directors were authorized to fix the remuneration of the
auditors.
|
Votes For
|
% Votes For
|
Votes
Withheld
|
% Votes
Withheld
|
|
123,506,473
|
98.98 %
|
1,277,455
|
1.02 %
|
RENEWAL OF THE COMPANY'S OMNIBUS PLAN
The renewal of the Company's Omnibus Plan, including all
unallocated options, rights or other entitlements thereunder, has
been approved.
|
Votes For
|
% Votes For
|
Votes
Against
|
% Votes
Against
|
|
109,800,222
|
94.59 %
|
6,281,538
|
5.41 %
|
The foregoing voting results will be published on the Company's
website at www.thelionelectric.com, on SEDAR+ at
www.sedarplus.ca and EDGAR at www.sec.gov.
ABOUT LION ELECTRIC
Lion Electric is an innovative manufacturer of zero-emission
vehicles. The Company creates, designs and manufactures
all-electric class 5 to class 8 commercial urban trucks and
all-electric school buses. Lion is a North American leader in
electric transportation and designs, builds and assembles many of
its vehicles' components, including chassis, battery packs, truck
cabins and bus bodies.
Always actively seeking new and reliable technologies, Lion
vehicles have unique features that are specifically adapted to its
users and their everyday needs. Lion believes that transitioning to
all-electric vehicles will lead to major improvements in our
society, environment and overall quality of life. Lion shares are
traded on the New York Stock Exchange and the Toronto Stock
Exchange under the symbol LEV.
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SOURCE The Lion Electric Co.