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Roots Announces Results of Voting at Fiscal 2019 Annual and Special Meeting of Shareholders

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TORONTO, July 24, 2020 /CNW/ – Roots (“Roots,” “Roots Canada” or the “Company”) (TSX: ROOT), a premium-outdoor lifestyle brand, today announced the results of voting at its Fiscal 2019 Annual and Special Meeting of Shareholders held earlier today (the “Meeting”). Each of the matters voted upon at the Meeting as set out below is described in greater detail in the Notice of Annual and Special Meeting of Shareholders and Management Information Circular of Roots dated June 18, 2020.

Roots Corporation Logo (CNW Group/Roots Corporation)

The total number of shares represented by holders by proxy at the Meeting was 21,241,989, representing approximately 50.43% of Roots outstanding shares entitled to be voted.

Election of Directors
All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as directors by a resolution passed by a majority of the shareholders present or represented by proxy at the Meeting, to hold office until the next annual meeting following their election or until their successors are elected or appointed, without a ballot being conducted. The following represents the proxies received with regard to such matter:

Nominee

Votes For

% Votes For

Votes Withheld

% Votes Withheld

Phil Bacal

21,078,507

99.71%

61,684

0.29%

Mary Ann Curran

21,085,182

99.74%

55,009

0.26%

Gregory David

21,079,587

99.71%

60,604

0.29%

Dale H. Lastman, C.M.

21,079,487

99.71%

60,704

0.29%

Richard P. Mavrinac

21,075,587

99.69%

64,604

0.31%

Meghan Roach

21,088,202

99.75%

51,989

0.25%

Joel Teitelbaum

21,072,107

99.68%

68,084

0.32%

Erol Uzumeri

21,080,207

99.72%

59,984

0.28%

Appointment of Auditors
KPMG LLP was reappointed as auditor of Roots and the directors were authorized to fix the auditor’s remuneration by a resolution passed by a majority of the shareholders present or represented by proxy at the Meeting without a ballot being conducted. The following represents the proxies received with regard to such matter:

Votes For

% Votes For

Votes Withheld

% Votes Withheld

21,210,663

99.85%

31,326

0.15%

Amendment to Omnibus Equity Incentive Plan
The adoption of the amendment to Roots omnibus equity incentive plan was approved by a resolution passed by a majority of the shareholders present or represented by proxy at the Meeting without a ballot being conducted. As a result, the total number of common shares available for issuance under the omnibus equity incentive plan has increased from 1,679,220 common shares to 3,679,220 common shares. The following represents the proxies received with regard to such matter:

Votes For

% Votes For

Votes Against

% Votes Against

20,967,134

99.18%

173,057

0.82%

About Roots
Established in 1973, Roots is a premium outdoor-lifestyle brand. We unite the best of cabin and city through unmistakable style built with uncompromising comfort and quality. We offer a broad range of products designed for life’s everyday adventures, including: women’s and men’s apparel, leather goods, footwear, accessories, and kids, toddler and baby apparel. Starting from a little cabin in Algonquin Park, Canada, Roots has grown to become a global brand. As of May 2, 2020, we operated 114 corporate-retail stores in Canada, two corporate-retail stores in the United States, 115 partner-operated stores in Taiwan, 37 partner-operated stores in China, two partner-operated stores in Hong Kong and a global eCommerce platform, roots.com. Roots Corporation is a Canadian corporation doing business as “Roots” and “Roots Canada”.

SOURCE Roots Corporation