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BRP announces election of directors and board committee composition

by BRP 2 Jun 2023 14:03 PDT
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BRP Inc. (TSX: DOO; NASDAQ: DOOO) (the "Company") held earlier today its annual meeting of shareholders in a virtual format. The meeting was broadcasted via live webcast and the recording will be available shortly on BRP's website.

During the meeting, the Company acknowledged the departure from the Board of Directors of Mr. Louis Laporte and thanked him for his many years of contribution to the success of the Company. Mr. Laporte has been a member of the Board of Directors since the inception of BRP in 2003 and he has been a member of the Investment and Risk Committee since the Company's initial public offering. He also acted as Chairman of the Investment and Risk Committee for six of those ten years.

At the meeting, all of the nominees for directors listed in the Company's management proxy circular dated April 27, 2023 were elected by a majority of the votes cast by shareholders present or represented by proxy. Voting results for each nominee were as follows:

Changes to the board committees

Mr. Nicholas Nomicos has joined the Investment and Risk Committee, replacing Mr. Laporte, while Mr. Michael Ross joined the Audit Committee. As a result of the foregoing changes, the composition of the Board committees is now as follows:

To learn more about BRP's Board members, visit here.

Caution concerning forward-looking statements

Certain statements included in this press release are "forward-looking statements" within the meaning of Canadian and United States securities laws, including statements that are not historical facts. Forward-looking statements are typically identified by the use of terminology such as "may", "will", "would", "should", "could", "expects", "forecasts", "plans", "intends", "trends", "indications", "anticipates", "believes", "estimates", "outlook", "predicts", "projects", "likely" or "potential" or the negative or other variations of these words or other comparable words or phrases. Forward-looking statements, by their very nature, involve inherent risks and uncertainties and are based on a number of assumptions, and are subject to important risks and uncertainties, both general and specific, made by the Company in light of its experience and perception of historical trends.

Forward-looking statements cannot be relied upon due to, amongst other things, changing external events and general uncertainties of the business. Forward-looking statements are subject to numerous factors, many of which are beyond BRP's control, including the risk factors disclosed previously and from time to time in BRP's filings with the securities regulatory authorities in each of the provinces and territories of Canada and the United States, available on SEDAR at sedar.com or EDGAR at sec.gov, respectively. The forward looking statements contained in this press release represent BRP's expectations as of the date of this press release (or as of the date they are otherwise stated to be made), and are subject to change after such date. However, BRP disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

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