Montréal, Wednesday, May 29, 2024 – Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) today announced that the eight director nominees, being all of the existing directors of the Company following the resignation on May 23, 2024 of the prior members of the board of directors, were elected as directors of the Company for the ensuing year by an overwhelming majority of the votes cast by shareholders, in-person, and by proxy, at its annual meeting of shareholders held on May 28, 2024 in Montréal. 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. Gildan also notes that the Say on Pay was submitted to the Company’s shareholders in the context of a proxy solicitation contest, and that the result reflects the shareholders’ views in respect of compensation decisions made by the prior members of the board of directors in such context.

The full press release and voting results are available here.