Le Lézard
Subject: SHM

MTY FOOD GROUP INC. ANNOUNCES RESULTS FROM 2023 ANNUAL GENERAL MEETING


                                                                                                                                              TSX Trading Symbol: "MTY"

MONTREAL, May 3, 2023 /CNW/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants, is pleased to announce that all matters set out in the management information circular dated March 20, 2023, for the 2023 Annual General Meeting of Shareholders held on Tuesday May 2, 2023 (the ''Meeting'') were approved by shareholders. Over 17,409,166 shares were voted representing 71.31% of the outstanding shares of the Company.

The following seven nominees were re-elected as directors of MTY. The detailed results of the vote for the election of directors are set out below:

 

Nominee

# Votes
For

% Votes
For

# Votes
Against

% Votes
Against

Murat Armutlu

16,882,574

97.44 %

443,899

2.56 %

Eric Lefebvre

17,236,902

99.49 %

88,571

0.51 %

Stanley Ma

14,091,789

81.33 %

3,234,684

18.67 %

Victor Mandel

13,376,085

77.20 %

3,950,384

22.80 %

Dickie Orr

17,100,577

98.70 %

225,897

1.30 %

Claude St-Pierre

16,052,952

92.65 %

1,273,521

7.35 %

Suzan Zalter

17,213,698

99.35 %

112,775

0.65 %

 

Pricewaterhouse Coopers, LLP., was reappointed as auditor of the Corporation and the directors were authorized to fix the remuneration of the auditor. Votes results are set out below:

 

# Votes For

% Votes
For

# Votes
Withheld

% Votes
Withheld



17,397,152

99.96 %

7,088

0.04 %





 

The shareholders have approved the following resolution: That, on an advisory basis and not to diminish the role and responsibilities of the Directors, the shareholders accept the Board's approach to executive compensation disclosed in the Information Circular. Votes results are set out below:

 

# Votes For

% Votes
For

# Votes

% Votes
against

Against


80.50 %

3,379,571

19.50 %

13,947,172

 

 

Each of the matters voted at the Meeting is discussed in detail in the Company's Management Information Circular dated March 20, 2023. These can be found on SEDAR at www.sedar.com under the Company's profile for public filings. Final voting results on all matters voted at the Meeting will be filed on SEDAR at www.sedar.com under the Company's profile for public filings.

Certain information in this News Release may constitute "forward-looking" information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. When used in this News Release, this information may include words such as "anticipate", "estimate", "may", "will", "expect", "believe", "plan" and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this News Release. Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information is available in the Company's Management Discussion and Analysis, which can be found on SEDAR at www.sedar.com.

On Behalf of the Board of Directors of
MTY Food Group Inc.

_____________________________________
Eric Lefebvre, Chief Executive Officer

SOURCE MTY Food Group Inc.



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