LION ELECTRIC ANNOUNCES RESULTS OF ANNUAL SHAREHOLDERS MEETING
Date
5/15/2024 6:34:21 PM
(MENAFN- PR Newswire) MONTREAL, May 15, 2024 /PRNewswire/ -
The Lion Electric Company (NYSE: LEV ) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today held its annual meeting of shareholders (the "Meeting") as a virtual meeting. A total of 124,783,928 common shares (representing approximately 55.16% of all issued and outstanding common shares of the Company) were represented online or by proxy at the Meeting. Lion hereby announces that shareholders of the Company (the "Shareholders") voted in favour of all items of business put forth at the Meeting by the Company. The complete voting results for each item of business at the Meeting are presented below. ELECTION OF DIRECTORS
The Board of Directors of the Company had fixed at ten the number of directors (the "Directors") to be elected at the Meeting. Each of the ten nominees listed in the Company's Management Information Circular dated April 4, 2024, was elected as a Director of Lion until the close of the next annual meeting of Shareholders of the Company or until their successors are appointed. All of the nominees were members of the Board of Directors prior to the Meeting.
| Nominee | Votes For | % Votes For | Votes Withheld | % Votes Withheld |
| Latasha Akoma | 114,016,563 | 98.22
% | 2,065,169 | 1.78
% |
| Sheila C. Bair | 113,007,227 | 97.35
% | 3,074,505 | 2.65
% |
| Marc Bedard
| 114,190,280 | 98.37
% | 1,891,452 | 1.63
% |
| Pierre Larochelle | 114,172,085 | 98.35
% | 1,909,647 | 1.65
% |
| Dane L. Parker | 113,277,138 | 97.58
% | 2,804,594 | 2.42
% |
| Ann L. Payne | 113,319,897 | 97.62
% | 2,761,835 | 2.38
% |
| Pierre-Olivier Perras | 110,993,760 | 95.62
% | 5,087,972 | 4.38
% |
| Michel Ringuet | 115,383,513 | 99.40
% | 698,219 | 0.60
% |
| Lorenzo Roccia | 112,690,903 | 97.08
% | 3,390,829 | 2.92
% |
| Pierre Wilkie | 114,121,005 | 98.31
% | 1,960,727 | 1.69
% |
APPOINTMENT OF INDEPENDENT AUDITORS
Raymond Chabot Grant Thornton LLP, Chartered Professional Accountants, were appointed as independent auditors of Lion until the close of the next annual meeting of Shareholders, and the Directors were authorized to fix the remuneration of the auditors.
| Votes For | % Votes For | Votes Withheld | % Votes Withheld |
| 123,506,473 | 98.98
% | 1,277,455 | 1.02
% |
RENEWAL OF THE COMPANY'S OMNIBUS PLAN
The renewal of the Company's Omnibus Plan, including all unallocated options, rights or other entitlements thereunder, has been approved.
| Votes For | % Votes For | Votes Against | % Votes Against |
| 109,800,222 | 94.59
% | 6,281,538 | 5.41
% |
The foregoing voting results will be published on the Company's website at , on SEDAR+ at
and EDGAR at
.
ABOUT LION ELECTRIC Lion Electric is an innovative manufacturer of zero-emission vehicles. The Company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric school buses. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles' components, including chassis, battery packs, truck cabins and bus bodies.
Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life. Lion shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.
SOURCE The Lion Electric Co.
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