EX-99.2 3 d168525dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

 

LOGO

 

LOGO   

PRESS RELEASE

 

For immediate distribution

 

BRP ANNOUNCES ELECTION OF DIRECTORS AND BOARD

COMMITTEE COMPOSITION

Valcourt, Quebec, June 3, 2021 – BRP Inc. (TSX: DOO; NASDAQ: DOOO) held earlier today its annual meeting of shareholders in a virtual-only format. The meeting was broadcasted via live webcast. The webcast will be available shortly on BRP’s website at www.brp.com.

During the meeting, the Company acknowledged the departure from the Board of Directors of Mr. Joseph Robbins and thanked him for his many years of contribution to the success of the Company. Mr. Robbins has sat on the Board of Directors of BRP from 2013 until now.

Otherwise, all of the nominees for directors listed in the Company’s management proxy circular dated April 27, 2021 were elected by a majority of the votes cast by shareholders present or represented by proxy at the meeting. The voting result for each nominee is as follows:

 

Nominee

    Votes
For		      %      Votes
Withheld		    %  

Pierre Beaudoin

      280,008,753        95.10%      14,418,619      4.90%  

Joshua Bekenstein

      272,038,054        92.40%      22,389,318      7.60%  

José Boisjoli

      291,512,122        99.01%      2,915,250      0.99%  

Charles Bombardier

      292,857,065        99.47%      1,570,307      0.53%  

Michael Hanley

      285,683,113        97.03%      8,744,259      2.97%  

Ernesto M. Hernández

      294,124,344        99.90%      303,028      0.10%  

Katherine Kountze

      294,334,979        99.97%      92,393      0.03%  

Louis Laporte

      292,860,807        99.47%      1,566,565      0.53%  

Estelle Métayer

      285,607,168        97.00%      8,820,204      3.00%  

Nicholas Nomicos

      285,646,812        97.02%      8,780,560      2.98%  

Edward Philip

      288,318,058        97.93%      6,109,314      2.07%  

Barbara Samardzich

      292,482,565        99.34%      1,944,807      0.66%  

 

 

2

 

Board Committees

In December 2020, Mr. Charles Bombardier was appointed as a member of the Investment and Risk Committee to replace Mr. Nicholas Nomicos, Mr. Hernández was also appointed as a member of the Investment and Risk Committee and Ms. Kountze was appointed as a member of the Audit Committee. As a result of the foregoing changes, the composition of the Board committees is now as follows:

 

         
Directors   

Audit   

    Committee       

   

Human   

Resources &   

Compensation   

Committee   

      Investment     
and Risk   
Committee   		      Nominating,     
Governance   
and Social   
Responsibility   
Committee   
         

Pierre Beaudoin

       Member         Member  
         

Joshua Bekenstein

       Member         Member  
         

José Boisjoli (Chair)

          Member       
         

Charles Bombardier

          Member       
         

Michael Hanley (Lead director)

    Chair             
         

Katherine Kountze

    Member             
         

Ernesto M. Hernández

          Member       
         

Louis Laporte

          Member       
         

Estelle Métayer

    Member             
         

Nicholas Nomicos

    Member             
         

Edward Philip

       Chair         Chair  
         

Barbara Samardzich

         Member      Chair      Member  

To learn more about BRP’s Board members, click here.

About BRP

We are a global leader in the world of powersports vehicles, propulsion systems and boats, built on over 75 years of ingenuity and intensive consumer focus. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am on-and off-road vehicles, Alumacraft, Manitou, Quintrex boats and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft. We complete our lines of products with a dedicated parts, accessories and apparel business to fully enhance the riding experience. With annual sales of CA$6 billion from over 130 countries, our global workforce is made up of more than 14,500 driven, resourceful people.

www.brp.com

@BRPNews

Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Evinrude, Manitou, Alumacraft, Telwater and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.

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

 

3

 

“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.

-30-

 

For media enquiries:

 

Magali Valence

Media Relations

media@brp.com

   

For investor relations:

 

Philippe Deschênes

Investor Relations

Tel.: 450.532.6462

philippe.deschenes@brp.com