LIGHTSPEED ANNOUNCES THE RESULTS OF THE VOTE OF ITS ANNUAL AND EXTRAORDINARY MEETING OF SHAREHOLDERS

MONTREAL, August 5, 2022 /PRNewswire/ – Lightspeed Commerce Inc. (“Lightspeed” or the “Company”) (TSX: LSPD) (NYSE: LSPD), the one-stop commerce platform for merchants around the world to simplify, adapt and creating exceptional customer experiences, today announced the results of voting on matters submitted by the Company to its annual and special meeting of shareholders held on August 4e2022 (the “Assembly”).

1. Election of directors

The eight (8) nominees proposed as directors were duly elected directors of the Company by a majority of the votes cast by the shareholders present or represented by proxy at the Meeting, as follows:

Candidate Name

vote for

%

Votes withheld

%

Patrick Pichette

91 087 922

98.60%

1,296,782

1.40%

Dax Dasilva

90 724 978

98.20%

1,659,726

1.80%

Dale Murray

90 069 887

97.49%

2,314,817

2.51%

Jean-Paul Chauvet

91 959 257

99.54%

425 447

0.46%

Merline Saintil

49,759,953

53.86%

42,624,751

46.14%

Nathalie Gaveau

91 161 068

98.68%

1,223,636

1.32%

Paul McFeeters

92 170 100

99.77%

214,604

0.23%

Rob Williams

91 929 327

99.51%

455 377

0.49%

2. Appointment of auditors

A vote was taken regarding the appointment of PricewaterhouseCoopers LLP (“PwC”) as auditors of the Company. According to the proxies received and the votes cast, PwC was appointed auditor of the Company with the following results:

Voting For: 94,302,444 (99.90%)
Votes retained: 95,741 (0.10%)

3. Advisory Vote on executive compensation

A vote was taken to approve a non-binding advisory resolution on the Company’s approach to executive compensation, as further described in the Company’s management information circular. Based on proxies received and votes cast, this non-binding advisory resolution on the Company’s approach to executive compensation was approved with the following results:

Voting For: 63,985,334 (69.26%)
Votes against: 28,399,369 (30.74%)

The Company’s Board of Directors (the “Board”) welcomed the majority support for the Company’s approach to executive compensation. The board and management have taken steps to understand and address shareholder concerns ahead of this vote, as outlined in the company’s most recent management information circular, but will engage further with shareholders to listen. any concerns about the company’s approach to executive compensation.

4. Forum Selection rules

A vote was taken with respect to the approval of a shareholder resolution approving a forum selection settlement, as more fully described in the Company’s management information circular. Based on proxies received and ballots cast, this resolution to approve a forum selection settlement was approved with the following results:

Voting For: 50,919,494 (55.12%)
Votes against: 41,465,209 (44.88%)

Final voting results on all matters voted on at the Meeting are available on Lightspeed’s website and on SEDAR at www.sedar.com and EDGAR at www.sec.gov.

About Lightspeed

Powering the businesses that are the backbone of the global economy, Lightspeed’s one-stop commerce platform helps merchants innovate to simplify, scale, and deliver exceptional customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multi-channel sales, expansion to new locations, global payments, financial solutions and connection to supplier networks.

Founded in Montreal, Canada in 2005, Lightspeed listed on the New York Stock Exchange (NYSE: LSPD) and the Toronto Stock Exchange (TSX: LSPD). With teams across North America, Europe and Asia Pacificthe company serves retail, hospitality and golf businesses in more than 100 countries.

For more information, please visit: www.lightspeedhq.com
On social networks: LinkedIn, Facebook, Instagram, YouTube and Twitter

Forward-looking statements

This press release may contain forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are statements that are predictive in nature, depend on or refer to future events or conditions and are identified by words such as “will”, “expects”, “anticipates”, “has intends”, “plans”, “believes”, “estimates” or similar expressions regarding matters that are not historical facts. These statements are based on the current expectations of Lightspeed’s management and inherently involve numerous risks and uncertainties. , known and unknown, including economic factors.A number of risks, uncertainties and other factors could cause actual results to differ materially from the forward-looking statements contained in this press release, including, among others factors, the risk factors identified in our most recent MD&A on Financial Condition and Results of Operations, under “Risk Factors” in our re most recent Annual Information Form, and in our other filings with Canadian securities regulators and the United States Securities and Exchange Commission, all of which are available under our profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Readers are cautioned to carefully consider these and other factors when making decisions regarding Lightspeed’s subordinate voting shares and not to place undue reliance on any forward-looking statements. The forward-looking statements contained in this press release are not guarantees of future performance and, although the forward-looking statements are based on certain assumptions which Lightspeed believes to be reasonable, actual events and results could differ materially from those expressed or implied. by forward-looking statements made by Lightspeed. Except as may be expressly required by applicable law, Lightspeed undertakes no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCELightspeed Commerce Inc.

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