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Published: 2022-06-03 17:29:35 ET
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EX-99.2 3 d369682dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

 

  
LOGO      

PRESS RELEASE

For immediate distribution

  

 

BRP ANNOUNCES ELECTION OF DIRECTORS AND BOARD

COMMITTEE COMPOSITION

 

Valcourt, Quebec, June 3, 2022 – BRP Inc. (TSX: DOO; NASDAQ: DOOO) held earlier today its annual meeting of shareholders in a virtual-only format. The meeting was broadcasted via live webcast. The webcast will be available shortly on BRP’s website at www.brp.com.

 

During the meeting, the Company acknowledged the departure from the Board of Directors of Mr. Michael Hanley and thanked him for his many years of contribution to the success of the Company. Mr. Hanley sat on the Board of Directors of BRP for the last ten years, nine years as Chairman of its Audit Committee and three years as Lead Independent Director.

 

At the meeting, all of the nominees for directors listed in the Company’s management proxy circular dated April 27, 2022 were elected by a majority of the votes cast by shareholders present or represented by proxy. Voting results for each nominee were as follows:

 

  
     Nominee   

Votes

For

   %   

Votes

Withheld

   %   

 

 

LOGO

  

Pierre Beaudoin

   277,711,128    96.71%    9,446,848    3.29%
  

Joshua Bekenstein

  

271,160,966

   94.43%    15,997,010    5.57%
  

José Boisjoli

  

284,298,784

   99.00%    2,859,192    1.00%
  

Charles Bombardier

   285,648,186    99.47%    1,509,790    0.53%
  

Ernesto M. Hernández

   286,976,378    99.94%    181,598    0.06%
  

Katherine Kountze

   286,976,873    99.94%    181,103    0.06%
  

Louis Laporte

   285,649,838    99.47%    1,508,137    0.53%
  

Estelle Métayer

   286,976,679    99.94%    181,296    0.06%
  

Nicholas Nomicos

   286,864,558    99.90%    293,418    0.10%
  

Edward Philip

   269,963,063    94.01%    17,194,913    5.99%
  

Barbara Samardzich

   285,416,011    99.39%    1,741,964    0.61%
              
              
              
              
              


Page 2

 

Changes to the Board Committees

 

Mrs. Barbara Samardzich was appointed as Lead Director of BRP to replace Mr. Hanley, and Mrs. Samardzich ceased to be a member of the Nominating, Governance and Social Responsibility Committee. Mrs. Estelle Métayer joined the Nominating, Governance and Social Responsibility Committee, while Nicholas Nomicos became Chairman of the Audit Committee and Mr. Ernesto M. Hernández joined the Audit Committee. As a result of the foregoing changes, the composition of the Board committees is now as follows:

 

  
Directors  

Audit

Committee

 

Human

Resources &

Compensation

Committee

 

Investment

and Risk

Committee

   Nominating,
Governance
and Social
Responsibility 
Committee

Pierre Beaudoin

      Member        Member

Joshua Bekenstein

      Member        Member

José Boisjoli (Chair)

          Member     

Charles Bombardier

          Member     

Katherine Kountze

  Member             

Ernesto M. Hernández

  Member       Member     

Louis Laporte

          Member     

Estelle Métayer

  Member            Member

Nicholas Nomicos

  Chair             

Edward Philip

      Chair        Chair

Barbara Samardzich (Lead        

independent director)

      Member   Chair     

 

To learn more about BRP’s Board members, click here.

 

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements included in this press release are “forward-looking statements” within the meaning of Canadian and United States securities laws, including statements that are not historical facts. Forward-looking statements are typically identified by the use of terminology such as “may”, “will”, “would”, “should”, “could”, “expects”, “forecasts”, “plans”, “intends”, “trends”, “indications”, “anticipates”, “believes”, “estimates”, “outlook”, “predicts”, “projects”, “likely” or “potential” or the negative or other variations of these words or other comparable words or phrases. Forward-looking statements, by their very nature, involve inherent risks and uncertainties and are based on a number of assumptions, and are subject to important risks and uncertainties, both general and specific, made by the Company in light of its experience and perception of historical trends. Forward-looking statements cannot be relied upon due to, amongst other things, changing external events and general uncertainties of the business. Forward-looking statements are subject to numerous factors, many of which are beyond BRP’s control, including the risk factors disclosed previously and from time to time in BRP’s filings with the securities regulatory authorities in each of the provinces and territories of Canada and the United States, available on SEDAR at sedar.com or EDGAR at sec.gov, respectively. The forward-looking statements contained in this press release represent BRP’s expectations as of the date of this press release (or as of the date they are otherwise stated to be made), and are subject to change after such date. However, BRP disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

 


Page 3

 

About BRP

We are a global leader in the world of powersports products, propulsion systems and boats built on 80 years of ingenuity and intensive consumer focus. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft. We complete our lines of products with a dedicated parts, accessories and apparel portfolio to fully enhance the riding experience. With annual sales of CA$7.6 billion from over 120 countries, our global workforce includes close to 20,000 driven, resourceful people.

 

www.brp.com

@BRPNews

 

Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex, and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.

 

.-30-

 

  
For media enquiries:       For investor relations:

 

Biliana Necheva

      Philippe Deschênes
Media Relations       Investor Relations
media@brp.com       Tel.: 450.532.6462
      philippe.deschenes@brp.com