Empire Company (EMP-A) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of Indigenous territory and historical context of the region.

• Warm welcomes extended to new university leaders, business students, and notable guests.

• Tribute paid to the late Sir Graham Day, a former board member and mentor.

• Introduction of company officers and scrutineer; agenda outlined to include formal business, remarks, and guest speakers.

Board and executive committee updates

• Introduction of 15 board nominees, including a new nominee, Kent Sobey.

• Board size fixed at 18; PricewaterhouseCoopers LLP reappointed as auditors for fiscal 2026.

• Advisory resolution on executive compensation passed with 100% of Class B and 95.99% of Class A shares in favor.

• Recognition of executive transitions: new CFO Costa Pefanis and new CHRO Sandra Pasquini introduced; retirements of Matt Reindel and Samal Gagné acknowledged.

Overview of voting outcomes

• All formal business items, including director elections, board size, remuneration, and auditor appointment, passed unanimously with 100% proxy support.

• Advisory vote on executive compensation also passed with overwhelming support.