Gildan Activewear Inc. Announces Election of Directors and Approval of Key Resolutions at Annual Shareholders Meeting

Gildan Activewear’s shareholder meeting elected nine directors and approved key resolutions, including the reappointment of its auditor.

Quiver AI Summary

Gildan Activewear Inc. announced that all nine nominees for its board of directors were successfully elected by shareholders during its hybrid annual meeting held on April 30, 2026. Additionally, shareholders approved the reappointment of the company's auditor, the renewal of the Shareholder Rights Plan, and conducted a non-binding advisory vote on executive compensation, with the majority voting in favor of all measures. The voting results indicated strong support for the resolutions, reflecting the shareholders' confidence in Gildan's management and governance practices. Gildan is a leading manufacturer of basic apparel, operating globally with a diverse brand portfolio and a commitment to sustainability.

Potential Positives

All nine nominees for the board of directors were elected by a significant majority, indicating strong shareholder support for the company’s leadership.
A majority of shareholders approved the reappointment of the auditor, reflecting confidence in Gildan's financial reporting and governance.
The renewal of the Shareholder Rights Plan received a favorable vote, suggesting that shareholders support the company’s strategy to protect against potential hostile takeovers.
The non-binding advisory vote on Executive Compensation received a high approval rate, demonstrating shareholder alignment with the company's compensation practices.

Potential Negatives

Despite a majority of votes in favor, over 4% of shareholders voted against the election of certain directors, indicating potential dissent among investors concerning the leadership.
The non-binding advisory vote on Executive Compensation (“Say on Pay”) received approximately 2.82% against, which may reflect shareholder concerns regarding executive pay practices.
The approval of the Shareholder Rights Plan, while passed, garnered over 6% opposition, which could suggest worries among shareholders about potential entrenchment issues or perceived management overreach.

FAQ

What were the results of Gildan's recent shareholder meeting?

At Gildan's annual meeting, all nine director nominees were elected, and majority support was received for the auditor reappointment and other resolutions.

Who are the newly elected directors of Gildan?

The elected directors include Michael Kneeland, Glenn J. Chamandy, Michener Chandlee, Anne-Laure Descours, Ghislain Houle, Mélanie Kau, Deepak Khandelwal, Peter Lee, and Karen Stuckey.

What is Gildan’s main product offering?

Gildan is a manufacturer of everyday basic apparel, including activewear, underwear, socks, and intimates, targeting various customer segments.

How does Gildan ensure sustainability in its operations?

Gildan emphasizes sustainability through industry-leading labor, environmental, and governance practices integrated into its manufacturing processes and supply chain.

Where can I find more information about Gildan?

For more information about Gildan, including sustainability commitments, visit their official website at www.gildancorp.com.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$GIL Revenue

$GIL had revenues of $1.2B in Q1 2026. This is an increase of 63.83% from the same period in the prior year.

You can track GIL financials on Quiver Quantitative's GIL stock page.

$GIL Hedge Fund Activity

We have seen 295 institutional investors add shares of $GIL stock to their portfolio, and 141 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

1832 ASSET MANAGEMENT L.P. added 6,652,811 shares (+5501.7%) to their portfolio in Q4 2025, for an estimated $415,534,575
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC added 5,892,514 shares (+1695.7%) to their portfolio in Q4 2025, for an estimated $368,046,424
MACKENZIE FINANCIAL CORP added 2,001,279 shares (+41.2%) to their portfolio in Q4 2025, for an estimated $124,999,886
BRANDES INVESTMENT PARTNERS, LP added 1,598,946 shares (+inf%) to their portfolio in Q4 2025, for an estimated $99,870,167
VANGUARD GROUP INC added 1,561,729 shares (+26.0%) to their portfolio in Q4 2025, for an estimated $97,545,593
MILLENNIUM MANAGEMENT LLC added 1,328,847 shares (+inf%) to their portfolio in Q4 2025, for an estimated $82,999,783
MANUFACTURERS LIFE INSURANCE COMPANY, THE added 1,252,985 shares (+27.6%) to their portfolio in Q4 2025, for an estimated $78,261,443

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$GIL Analyst Ratings

Wall Street analysts have issued reports on $GIL in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

UBS issued a "Buy" rating on 12/16/2025

To track analyst ratings and price targets for $GIL, check out Quiver Quantitative's $GIL forecast page.

$GIL Price Targets

Multiple analysts have issued price targets for $GIL recently. We have seen 4 analysts offer price targets for $GIL in the last 6 months, with a median target of $78.0.

Here are some recent targets:

John Zamparo from Scotiabank set a target price of $74.0 on 03/02/2026
Ryland Conrad from RBC Capital set a target price of $78.0 on 03/02/2026
Stephen MacLeod from BMO Capital set a target price of $78.0 on 01/26/2026
Jay Sole from UBS set a target price of $110.0 on 12/16/2025

Full Release

MONTREAL, May 01, 2026 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) today announced that the nine nominees proposed as directors in its management proxy circular dated March 17, 2026 were elected as directors of the Company by a majority of the votes cast by the shareholders or represented by proxy at its hybrid annual meeting of shareholders held on April 30, 2026 in Montreal. Gildan also notes that a majority of the votes cast by shareholders were in favour of the reappointment of its auditor, the approval, ratification and renewal of the Shareholder Rights Plan, and the non-binding advisory vote on Executive Compensation (“Say on Pay”).

The voting results are detailed below:

	FOR		WITHHELD/AGAINST
	Number	%	Number	%
Resolution 1
Appointment of the Auditor	148,645,275	92.71%	11,689,421	7.29%
Resolution 2
Election of Directors
Michael Kneeland	151,764,895	98.34%	2,556,259	1.66%
Glenn J. Chamandy	153,982,923	99.78%	338,229	0.22%
Michener Chandlee	153,183,131	99.26%	1,138,097	0.74%
Anne-Laure Descours	153,362,357	99.38%	958,872	0.62%
Ghislain Houle	150,757,866	97.69%	3,563,293	2.31%
Mélanie Kau	153,127,509	99.23%	1,193,712	0.77%
Deepak Khandelwal	153,967,889	99.77%	353,334	0.23%
Peter Lee	150,275,927	97.38%	4,045,301	2.62%
Karen Stuckey	153,782,299	99.65%	538,929	0.35%
Resolution 3
Shareholder Rights Plan	144,722,506	93.78%	9,598,706	6.22%
Resolution 4
Say on Pay	149,974,675	97.18%	4,346,534	2.82%

About Gildan
Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies and directly to consumers. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan ^® , Hanes ^® , Comfort Colors ^® , American Apparel ^® , ALLPRO™, GOLDTOE ^® , Peds ^® , Bali ^® , Playtex ^® , Maidenform ^® , Bonds ^® , as well as Champion ^® which is under an exclusive licensing agreement for the printwear channel in the U.S. and Canada.

Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America, and Asia. Gildan integrates industry-leading labour, environmental, and governance practices into its operations and supply chain under a sustainability program that is aligned with its long-term business strategy. More information about Gildan and its sustainability commitments and initiatives can be found at www.gildancorp.com .

Investor inquiries:
Jessy Hayem, CFA
Senior Vice-President, Head of Investor Relations and Global Communications
(514) 744-8511
[email protected]

Media inquiries:
Jonathan Binder
Director, Corporate Communications
(336) 519-6330
[email protected]