Empire Company (EMP-A) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of Indigenous lands and commitment to reconciliation.

• Welcomed business students and a special guest Paralympian, highlighting community engagement.

• Remembered the late David Sobey for his contributions and mentorship.

• Agenda included formal business, executive remarks, guest speaker, and Q&A.

• Quorum established with over 99.9% of Class B Voting Common Shares represented.

Board and executive committee updates

• Introduced 14 board nominees, including new member Lisa Lisson, and recognized the retirement of John Robert Sobey after 55 years.

• All regular business items, including director elections and auditor appointment, passed unanimously.

Corporate governance

• Advisory vote on executive compensation passed with 100% of Class B and 95.9% of Class A shares in favor.

• Emphasized pay-for-performance philosophy to align executive and shareholder interests.