MONTREAL, May 30, 2023
/PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV)
("Lion" or the "Company"), a leading manufacturer of all-electric
medium and heavy-duty urban vehicles, today held its annual meeting
of shareholders (the "Meeting") as a completely virtual meeting. A
total of 128,697,659 common shares (representing approximately 58%
of all issued and outstanding common shares of the Company) were
represented online or by proxy at the Meeting. Lion hereby
announces that shareholders of the Company (the "Shareholders")
voted in favour of all items of business put forth at the Meeting
by the Company. The complete voting results for each item of
business at the Meeting are presented below.
ELECTION OF DIRECTORS
The Board of Directors of the Company had fixed at ten the
number of directors (the "Directors") to be elected at the Meeting.
Each of the ten nominees listed in the Company's Management
Information Circular dated April 19,
2023 was elected as a Director of Lion until the close of
the next annual meeting of Shareholders of the Company or until
their successors are appointed. All of the nominees were members of
the Board of Directors prior to the Meeting.
|
Nominee
|
Votes For
|
% Votes For
|
Votes
Withheld
|
% Votes
Withheld
|
|
Latasha
Akoma
|
119,652,631
|
99.63 %
|
447,513
|
0.37 %
|
|
Sheila C.
Bair
|
118,397,258
|
98.58 %
|
1,702,886
|
1.42 %
|
|
Marc
Bedard
|
119,705,396
|
99.67 %
|
394,748
|
0.33 %
|
|
Pierre
Larochelle
|
119,691,639
|
99.66 %
|
408,505
|
0.34 %
|
|
Dane L.
Parker
|
119,696,886
|
99.66 %
|
403,258
|
0.34 %
|
|
Ann L. Payne
|
118,440,176
|
98.62 %
|
1,659,968
|
1.38 %
|
|
Pierre-Olivier
Perras
|
117,246,333
|
97.62 %
|
2,853,811
|
2.38 %
|
|
Michel
Ringuet
|
119,696,919
|
99.66 %
|
403,225
|
0.34 %
|
|
Lorenzo
Roccia
|
118,411,055
|
98.59 %
|
1,689,089
|
1.41 %
|
|
Pierre
Wilkie
|
119,680,898
|
99.65 %
|
419,246
|
0.35 %
|
APPOINTMENT OF INDEPENDENT
AUDITORS
Raymond Chabot Grant Thornton LLP, Chartered Professional
Accountants, were appointed as independent auditors of Lion until
the close of the next annual meeting of Shareholders, and the
Directors were authorized to fix the remuneration of the
auditors.
|
Votes For
|
% Votes For
|
Votes
Withheld
|
% Votes
Withheld
|
|
128,326,823
|
99.71 %
|
370,836
|
0.29 %
|
The foregoing voting results will be published on the Company'
website at www.thelionelectric.com, on SEDAR
at www.sedar.com and EDGAR at www.sec.gov.
ABOUT LION ELECTRIC
Lion Electric is an innovative manufacturer of zero-emission
vehicles. The company creates, designs and manufactures
all-electric class 5 to class 8 commercial urban trucks and
all-electric buses and minibuses for the school, paratransit and
mass transit segments. Lion is a North American leader in electric
transportation, and designs, builds and assembles many of its
vehicles' components, including chassis, battery packs, truck
cabins and bus bodies.
Always actively seeking new and reliable technologies, Lion
vehicles have unique features that are specifically adapted to its
users and their everyday needs. Lion believes that transitioning to
all-electric vehicles will lead to major improvements in our
society, environment and overall quality of life. Lion shares are
traded on the New York Stock Exchange and the Toronto Stock
Exchange under the symbol LEV.
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SOURCE Lion Electric