MTY Food Group Inc. Reveals Key Highlights from 2025 Annual General Meeting: What Investors Need to Know

MONTREAL, May 5, 2025 (GLOBE NEWSWIRE) — MTY Food Group Inc. (“MTY” or the “Company”) (TSX: MTY), a franchisor and operator of various restaurant brands, recently held its 2025 Annual General Meeting of Shareholders on May 2, 2025. The meeting saw participation from 70.57% of the company’s outstanding shares, totaling over 16 million votes.

Here’s a brief summary of key votes from the meeting:

1. Election of Directors

All nominees listed in the management information circular were elected. Here are some results:

2. Appointment of Auditor

PricewaterhouseCoopers, LLP was reappointed as auditor. The majority supported this decision:

Votes For: 16,341,393 (99.77%)
Votes Withheld: 37,763 (0.23%)

3. Executive Compensation

Shareholders approved the Board’s approach to executive pay with 93.29% in favor. However, 6.71% voted against it.

4. Shareholder Proposals

Proposals regarding board independence and food waste policies faced strong opposition:

• Proposal for an independent Board Chair: 18.60% For, 81.40% Against
• Proposal for a food waste transparency report: 7.44% For, 92.56% Against

Similar proposals about cage-free eggs also saw only 3.06% support.

This meeting reflects a growing trend among companies to engage with shareholders on issues like sustainability and governance. According to a recent study by McKinsey, 66% of investors prioritize environmental, social, and governance (ESG) factors in their decisions, which may put pressure on companies like MTY to adapt.

For a detailed look at all voting results, refer to MTY’s Management Information Circular dated March 19, 2025. The final vote totals will be available on SEDAR+

As the corporate landscape evolves, shareholders are increasingly looking for transparency and accountability, especially in areas like compensation and environmental initiatives. This push is not just a trend—it’s a shift in how companies are held accountable.

For more information, visit the Company’s profile at www.sedarplus.com.

On Behalf of the Board of Directors of MTY Food Group Inc.,

Eric Lefebvre, Chief Executive Officer

For further inquiries, contact Eric Lefebvre at 1-514-336-8885 or via email at ir@mtygroup.com. More details can also be found at www.mtygroup.com.

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