Dorel Industries Announces Results of Annual Meeting

MONTRÉAL, May 22, 2024 (GLOBE NEWSWIRE) -- Dorel Industries Inc. (TSX: DII.B, DII.A) is pleased to announce that all of the nominees listed in its Management Proxy Circular dated April 9, 2024 were re-elected as directors at the Company’s Annual Meeting of Shareholders held today in Montréal.

At the meeting, a ballot was conducted for the election of directors. According to proxies received and ballots cast, the following individuals were elected as directors of Dorel, with the following results:

Name of Nominee	Votes For	% For	Votes Withheld	% Withheld
Martin Schwartz	51,846,540	86.03	8,419,813	13.97
Alan Schwartz	51,792,652	85.94	8,473,701	14.06
Jeffrey Schwartz	51,144,626	84.86	9,121,727	15.14
Jeff Segel	51,794,247	85.94	8,472,106	14.06
Alain Benedetti	48,469,742	80.43	11,796,611	19.57
Brad A. Johnson	48,696,162	80.80	11,570,191	19.20
Sharon Ranson	52,261,198	86.72	8,005,155	13.28
Norman M. Steinberg	47,759,251	79.25	12,507,102	20.75
Maurice Tousson	51,746,889	85.86	8,519,464	14.14

Director biographies are available in the Board of Directors section of Dorel’s website at www.dorel.com.

At the meeting, shareholders also reappointed KPMG LLP, Chartered Professional Accountants, as Dorel’s auditors.

Profile
Dorel Industries Inc. (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel’s strength lies in the diversity, innovation and quality of its products as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi, Safety 1st and Tiny Love, complemented by regional brands such as BebeConfort, Cosco, Mother’s Choice and Infanti. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture. Dorel has annual sales of US$1.4 billion and employs approximately 3,900 people in facilities located in twenty-two countries worldwide.

CONTACTS:
Saint Victor Investments Inc.
Rick Leckner
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Dorel Industries Inc.
Jeffrey Schwartz
[phone]