SOURCE: Performance Sports Group Ltd.

Performance Sports Group Ltd.

October 14, 2015 19:58 ET

Performance Sports Group Announces Voting Results From 2015 Annual and Special Meeting of Shareholders

NEW YORK, NY--(Marketwired - Oct 14, 2015) - Performance Sports Group Ltd. (NYSE: PSG) (TSX: PSG) ("Performance Sports Group" or the "Company"), announced today the results of matters voted on at the Company's annual and special meeting (the "Meeting") of shareholders (the "Shareholders") held earlier today, which included the election of directors, as described below.

The total number of common shares ("Common Shares") represented by Shareholders present in person or represented by proxy at the Meeting was an aggregate of 38,988,685, representing 85.59% of the Company's issued and outstanding Common Shares.

According to proxies received and a vote by ballot, the voting results in respect of each of the following nine director nominees, all of whom previously served as directors of the Company, were as follows:

Nominee   Number of Shares   Percentage of Votes Cast (approximate)  
                   
    Votes For:   Votes Withheld:   Votes For:   Votes Withheld:  
                   
Karyn Barsa   37,498,522   1,199,195   96.90%   3.10%  
                   
Kevin Davis   38,288,671   409,046   98.94%   1.06%  
                   
Joan Dea   38,649,049   48,668   99.87%   0.13%  
                   
C. Michael Jacobi   36,358,170   2,339,547   93.95%   6.05%  
                   
Paul Lavoie   14,819,627   23,878,090   38.30%   61.70%  
                   
Larry Lucchino   37,708,649   989,068   97.44%   2.56%  
                   
Matthew Mannelly   37,519,118   1,178,599   96.95%   3.05%  
                   
Bernard McDonell   38,083,995   613,722   98.41%   1.59%  
                   
Bob Nicholson   37,464,208   1,233,509   96.81%   3.19%  

As Paul Lavoie received a greater number of votes withheld than votes in favor at the Meeting, he tendered his resignation immediately following the Meeting to the Board of Directors for consideration in accordance with the Company's majority voting policy. The Board of Directors has accepted Mr. Lavoie's resignation as a director of the Company and will be initiating a search for an appropriately qualified replacement to fill the resulting vacancy.

"While Paul was a positive and thoughtful voice at the Board, the Board acknowledges the voting results from today's meeting of shareholders," stated Bernard McDonell, Chair of the Board of Directors. "We thank Paul for the valuable contributions he has made to PSG."

Each of the other matters put forward before Shareholders for consideration and approval at the Meeting, as described in the Company's proxy statement dated September 18, 2015, was duly approved by the requisite number of votes. Final voting results of all other matters voted on at the Meeting will be made available on EDGAR at www.sec.gov and SEDAR at www.sedar.com.

ABOUT PERFORMANCE SPORTS GROUP LTD.
Performance Sports Group Ltd. (NYSE: PSG) (TSX: PSG) is a leading developer and manufacturer of ice hockey, roller hockey, lacrosse, baseball and softball sports equipment, as well as related apparel and soccer apparel. The Company is the global leader in hockey with the strongest and most recognized brand, and it holds the No. 1 North American position in baseball and softball. Its products are marketed under the BAUER, MISSION, MAVERIK, CASCADE, INARIA, COMBAT and EASTON brand names and are distributed by sales representatives and independent distributors throughout the world. The Company is focused on building its leadership position by growing market share in all product categories and pursuing strategic acquisitions. Performance Sports Group is a member of the Russell 2000 and 3000 Indexes, as well as the S&P/TSX Composite Index. For more information on the Company, please visit www.PerformanceSportsGroup.com.

Contact Information

  • Company Contact:
    Amir Rosenthal
    President of PSG Brands and Chief Financial Officer
    Phone: 1-603-610-5802
    Email Contact

    Investor Relations
    Liolios Group Inc.
    Cody Slach
    Phone: 1-949-574-3860
    Email Contact

    Media Contact:
    Steve Jones
    Sr. Director, Corporate Communications
    Phone: 1-603-430-2111
    Email Contact