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Dorel Industries Announces Results of Annual Meeting

MONTRÉAL, May 22, 2024 (GLOBE NEWSWIRE) -- Dorel Industries Inc. (TSX: DII.B, DII.A) is pleased to announce that all of the nominees listed in its Management Proxy Circular dated April 9, 2024 were re-elected as directors at the Company's Annual Meeting of Shareholders held today in Montréal.

At the meeting, a ballot was conducted for the election of directors. According to proxies received and ballots cast, the following individuals were elected as directors of Dorel, with the following results:

Name of NomineeVotes For% ForVotes Withheld% Withheld
Martin Schwartz51,846,54086.038,419,81313.97
Alan Schwartz51,792,65285.948,473,70114.06
Jeffrey Schwartz51,144,62684.869,121,72715.14
Jeff Segel51,794,24785.948,472,10614.06
Alain Benedetti48,469,74280.4311,796,61119.57
Brad A. Johnson48,696,16280.8011,570,19119.20
Sharon Ranson52,261,19886.728,005,15513.28
Norman M. Steinberg47,759,25179.2512,507,10220.75
Maurice Tousson51,746,88985.868,519,46414.14

Director biographies are available in the Board of Directors section of Dorel's website at www.dorel.com.

At the meeting, shareholders also reappointed KPMG LLP, Chartered Professional Accountants, as Dorel's auditors.

Dorel Industries Inc. (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel's strength lies in the diversity, innovation and quality of its products as well as the superiority of its brands. Dorel Juvenile's powerfully branded products include global brands Maxi-Cosi, Safety 1st and Tiny Love, complemented by regional brands such as BebeConfort, Cosco, Mother's Choice and Infanti. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture. Dorel has annual sales of US$1.4 billion and employs approximately 3,900 people in facilities located in twenty-two countries worldwide.

Saint Victor Investments Inc.
Rick Leckner
(514) 245-9232

Dorel Industries Inc.
Jeffrey Schwartz
(514) 934-3034

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