Associated tags: ESG, GIL, TSX, NYSE
Locations: ASIA, EUROPE, UNITED STATES, ARMOUR, CENTRAL AMERICA, BANGLADESH, LATIN AMERICA, CANADA, NORTH AMERICA
As previously indicated, the Company planned on resuming share repurchases following the Annual General Meeting of shareholders which occurred on May 28, 2024.
Key Points:
- As previously indicated, the Company planned on resuming share repurchases following the Annual General Meeting of shareholders which occurred on May 28, 2024.
- Consequently, Gildan’s newly reconstituted Board of Directors has now approved the resumption of share repurchases and an amended normal course issuer bid (NCIB).
- This forward-looking information includes, amongst others, statements relating to potential future purchases by Gildan of its common shares pursuant to the NCIB and ASPP.
- The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
As a result of the prior directors having all resigned in advance of the annual meeting and their decision not to present themselves for election, only eight director nominees were presented for election at the annual meeting.
Key Points:
- As a result of the prior directors having all resigned in advance of the annual meeting and their decision not to present themselves for election, only eight director nominees were presented for election at the annual meeting.
- A majority of the votes cast by shareholders were in favour of the non-binding advisory vote on Executive Compensation (“Say on Pay”) and the reappointment of its auditors.
- A majority of the votes cast by shareholders were against the shareholder proposal.
- The voting results are detailed below:
MONTREAL, May 24, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) announced today that the Board of Directors has appointed Glenn J. Chamandy as President and Chief Executive Officer and Michael Kneeland as non-executive Chair of the Board, each effective immediately.
Key Points:
- MONTREAL, May 24, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) announced today that the Board of Directors has appointed Glenn J. Chamandy as President and Chief Executive Officer and Michael Kneeland as non-executive Chair of the Board, each effective immediately.
- Glenn J. Chamandy, Gildan’s co-founder and President and CEO commented “I’m extremely excited to return as Gildan’s CEO and am gratified for the incredible support I have received from both shareholders and employees over the past six months.
- I’m proud of our dedicated employees for their hard work and focus through a tumultuous period.
- It is an honour to be joining Gildan as Chair alongside Glenn and the entire slate of directors.
MONTREAL, May 23, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) today announced that the full Board of Directors has resigned, and Vince Tyra has stepped down as President and Chief Executive Officer, effective at the end of the day.
Key Points:
- MONTREAL, May 23, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) today announced that the full Board of Directors has resigned, and Vince Tyra has stepped down as President and Chief Executive Officer, effective at the end of the day.
- The outgoing Board has appointed Browning West nominees to the Board of Directors, effective at that time.
- The outgoing directors believe that it was in the best interests of all Gildan stakeholders for them to resign and not stand for election at the upcoming Annual Meeting, allowing the new Board to be seated so that it can oversee the Company in the most orderly and efficient manner.
- The outgoing directors wish the new directors, the management team, Gildan’s 45,000 employees, and its shareholders success in the future.
Gold,
Projection,
Analysis,
Legislation,
Proxy,
Browning,
CEO succession,
Annual general meeting,
GIL,
BLUE,
NOT,
ALL,
Succession planning,
TSX,
Management Key Points:
- The investor presentation will be available at https://www.futureofgildan.com and on the Company’s 2024 Annual Meeting page .
- Why Vince Tyra’s skills, experience, value creation track record, and proven ability to attract and develop talent make him the right CEO to move Gildan forward.
- Why Gildan’s strong, experienced, balanced, and recently refreshed Board of Directors are best positioned to serve all Gildan shareholders.
- Why Browning West’s Peter Lee is clearly not qualified to serve as a Gildan director.
MONTREAL, May 15, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) today announced that its Board of Directors has issued a letter to shareholders in connection with its upcoming 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”) to be held on May 28, 2024.
Key Points:
- The Board was unanimous in its conviction that retaining Mr. Chamandy as CEO would have jeopardized the future of Gildan and destroyed significant shareholder value.
- The independent Board did not believe that Mr. Chamandy’s strategy was in the best interests of the Company or its shareholders.
- Early in his career, Vince invested in and grew his own activewear business, utilizing Gildan as a key supplier.
- We encourage Gildan shareholders to support Vince in executing our long-term vision as well as our highly skilled, diverse, proven, and recently refreshed Board.
Sale,
Prospectus,
CDPQ,
Risk,
TSX,
Partnership,
Legislation,
CAD,
GIL,
Analysis,
Share repurchase,
Growth,
Projection,
Head MONTRÉAL, May 08, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) announced today that it has reached an agreement to issue CAD$200 million aggregate principal amount of senior unsecured notes to Caisse de dépôt et placement du Québec (“CDPQ”) on a private placement basis.
Key Points:
- MONTRÉAL, May 08, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) announced today that it has reached an agreement to issue CAD$200 million aggregate principal amount of senior unsecured notes to Caisse de dépôt et placement du Québec (“CDPQ”) on a private placement basis.
- This is why CDPQ has decided to support the growth of this major Québec company.
- “We are pleased that given our longstanding relationship, CDPQ, one of Canada’s most admired and successful investors, has decided to make this investment in Gildan.
- The notes are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation.
Sale,
News,
HR,
Communication,
Development,
Entrepreneurship,
ESG,
Annual general meeting,
Growth,
Corporate governance,
Management MONTREAL, April 22, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) today announced a refreshed Board of Directors that has been thoughtfully constructed based on extensive shareholder engagement. The new Board will guide the Company’s next phase of growth under the leadership of President and Chief Executive Officer Vince Tyra and ensure the previously announced sale process is conducted in a manner that will benefit all shareholders of Gildan.
Key Points:
- “I look forward to working with this highly qualified Board and management team to realize the full benefits of Vince’s ambitious yet realistic plan to drive growth by enhancing the Gildan Sustainable Growth strategy,” said Tim Hodgson, incoming Chair of Gildan.
- “The refreshed Board and I fully believe in Vince and his talented team as well as Gildan’s leading market position and growth prospects.
- In addition, the previously disclosed Support Agreement entered between Gildan and Coliseum Capital Management, LLC (“Coliseum”) on December 17, 2023, remains in effect.
- Mr. Shackelton has been valuable in helping to stabilize the Company, evaluate opportunities for future growth, and ensure Gildan has the right long-term strategy and best possible Board in place.
Retrieved on:
Wednesday, April 17, 2024
MONTREAL, April 17, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) will report its 2024 first quarter results on Wednesday, May 1st, 2024.
Key Points:
- MONTREAL, April 17, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) will report its 2024 first quarter results on Wednesday, May 1st, 2024.
- A press release will be issued after markets close, and a conference call is scheduled on that same day at 5:00 PM ET to discuss the Company’s results.
- The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 9371601 #.
- A live audio webcast of the conference call, as well as the replay, will be available at the following link Gildan Q1 2024 audio webcast .
Sale,
Autumn,
International,
Probability,
Stock,
TSX,
Complement,
Capital expenditure,
GSG,
Public expenditure,
International Financial Reporting Standards,
Legislation,
Analysis,
ESG,
GIL,
Acquisition,
EPS,
GAAP MONTREAL, April 15, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) today announced that its President and CEO, Vince Tyra has unveiled his key focus strategic priorities. Concurrently, the Company also reconfirmed its 2024 full year guidance and announced preliminary Q1 revenue. Furthermore, the Company intends to hold an Investor Day in the Fall of 2024 to provide a comprehensive strategic plan.
Key Points:
- MONTREAL, April 15, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) today announced that its President and CEO, Vince Tyra has unveiled his key focus strategic priorities.
- Reflecting on his first 90 days, Vince Tyra said, “I’m excited to be leading Gildan at this pivotal time.
- Having completed 90 days at the helm of Gildan, I wanted to share with you my key focus strategic priorities and articulate how we can leverage our strengths and accelerate value creation for all stakeholders.
- Capitalizing on this strong foundation and the continued execution of the GSG plan which remains core to Gildan’s business, today Vince Tyra outlined his key focus strategic priorities to unlock further growth potential while amplifying the Company’s commercial capabilities.
