Bauer Performance Sports Ltd.

Bauer Performance Sports Ltd.

October 16, 2013 17:00 ET

Bauer Performance Sports Announces Voting Results from 2013 Annual and Special Meeting of Shareholders

TORONTO, ONTARIO--(Marketwired - Oct. 16, 2013) - Bauer Performance Sports Ltd. (TSX:BAU) ("Bauer" or the "Company"), announced today that all of the nominees listed in the management information circular dated September 9, 2013 were elected as directors of the Company at the Company's annual and special meeting of shareholders (the "Meeting") held this morning at the Rogers Centre in Toronto.

"As our high performance sports platform has expanded, we have seen a positive diversification of our shareholder base and board of directors, which helps demonstrate the strength of our Company and positions us for future growth," said Kevin Davis, President and CEO of Bauer. "I'm pleased to welcome our new directors who bring a unique and focused level of expertise that will be valuable for our Company."

In addition to the election of each of the nominees discussed in detail below, KPMG LLP was appointed as auditor of the Company and shareholder resolutions were approved (i) to amend the Company's articles to include advance notice provisions for the election of directors and (ii) to renew the Company's 2011 stock option plan for an additional three years.

Election of Directors

According to proxies received and a vote by ballot, the following nine director nominees, consisting of seven who previously served as directors of the Company and two new director nominees, were elected by a majority of the votes cast by shareholders present or represented by proxy at the Meeting to hold office until the close of the next annual meeting of the Company's shareholders, or until their successors are elected or appointed.

The Company is pleased to welcome Mr. Paul A. Lavoie and Mr. Matthew M. Mannelly to the Bauer board of directors.

Mr. Lavoie is the chairman of TAXI, a Montreal-based marketing and communications company he co-founded in 1992. Mr. Lavoie currently serves on two not-for-profit boards and previously held the positions of Creative Director for Cossette and Art Director for J. Walter Thompson.

Mr. Mannelly is the President and CEO of Prestige Brand Holdings, Inc. Mr. Mannelly has extensive experience in consumer products, packaged goods, sports and fitness, and apparel. He previously served as CEO of Cannondale Bicycle Corporation.

The voting results are detailed below:

Nominee Number of Shares Percentage of Votes Cast (approximate)
Votes For: Votes Withheld: Votes For: Votes Withheld:
Chris Anderson 28,899,122 2,587,530 91.78 % 8.22 %
Kevin Davis 31,126,757 359,895 98.86 % 1.14 %
Samuel P. Frieder 29,324,432 2,162,220 93.13 % 6.87 %
C. Michael Jacobi 30,838,467 648,185 97.94 % 2.06 %
Paul A. Lavoie 31,473,557 13,095 99.96 % 0.04 %
Matthew M. Mannelly 31,472,557 14,095 99.96 % 0.04 %
Bernard McDonell 31,046,857 439,795 98.60 % 1.40 %
Bob Nicholson 31,385,657 100,995 99.68 % 0.32 %
Gordon H. Woodward 31,026,322 460,330 98.54 % 1.46 %


Bauer Performance Sports Ltd. (TSX:BAU) is a leading developer and manufacturer of ice hockey, roller hockey, lacrosse, baseball and softball equipment as well as related apparel. The company has the most rebcognized and strongest brand in the ice hockey equipment industry, and holds the top market share position in both ice and roller hockey. Its products are marketed under the BAUER, MISSION, MAVERIK, CASCADE, INARIA and COMBAT brand names and are distributed by sales representatives and independent distributors throughout the world. Bauer Performance Sports is focused on building its leadership position and growing market share in all product categories through continued innovation at every level. For more information, visit


Certain statements in this press release about our current and future plans, expectations and intentions, results, levels of activity, performance, goals or achievements or any other future events or developments, including our future growth prospects, constitute forward-looking statements. The words "will", "expects", "plans", "intends", "estimates" or "potential" or the negative or other variations of these words or other comparable words or phrases, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable in the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Many factors could cause our actual results, level of activity, performance, achievements, future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the following factors, which are discussed in greater detail in the "Risk Factors" section of the annual information form of the Company dated August 27, 2013: intense competition in the apparel and equipment industries, volatile market price for common shares, general economic and market conditions and current adverse economic conditions. These factors are not intended to represent a complete list of the factors that could affect us; however, these factors should be considered carefully. The purpose of forward-looking statements is to provide the reader with a description of management's expectations and may not be appropriate for other purposes; readers should not place undue reliance on forward-looking statements made herein. Furthermore, unless otherwise stated, the forward-looking statements contained in this press release are made as of the date hereof, and we have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

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