Gildan

Gildan Activewear Announces Date for Fourth Quarter and Full Year 2023 Earnings Release

Retrieved on: 
Wednesday, February 7, 2024
Gildan, TSX, GIL

MONTREAL, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) will report its 2023 fourth quarter and full year results on Wednesday, February 21st, 2024.

Key Points: 
  • MONTREAL, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) will report its 2023 fourth quarter and full year results on Wednesday, February 21st, 2024.
  • A press release will be issued before markets open, and a conference call is scheduled on that same day at 8:30 AM ET to discuss the Company’s results.
  • The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 8434821 #.
  • A live audio webcast of the conference call, as well as a replay, will be available at the following link Gildan Q4 2023 audio webcast.

Gildan Releases Report on CEO Succession Process by Renowned Governance Expert

Retrieved on: 
Wednesday, January 24, 2024
Gildan, CEO succession, GIL, Internal, Bias, Strategic planning, Confidentiality, TSX, Management

MONTREAL, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX an NYSE and “Gildan” or “the Company”) today announces the release of a Governance Report by Dr. Richard W. Leblanc on The Process of CEO Succession Planning by the Board of Directors of Gildan Activewear Inc.

Key Points: 
  • MONTREAL, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX an NYSE and “Gildan” or “the Company”) today announces the release of a Governance Report by Dr. Richard W. Leblanc on The Process of CEO Succession Planning by the Board of Directors of Gildan Activewear Inc.
    Dr. Leblanc, one of Canada’s leading experts on corporate governance and accountability, was retained by Gildan’s Board to provide an independent review and answer the following question: Did the Board of Directors of Gildan Activewear follow a good and rigorous process with respect to succession planning for the President and Chief Executive Officer?
  • Dr. Leblanc’s report concludes that the Board followed a good and rigorous process with respect to succession planning by taking reasonable steps to ensure that:
    CEO succession planning and strategic planning were both maintained on the Board’s agenda and focused upon by the Board during regularly scheduled meetings;
    Internal candidates were considered by the Board, and the Board oversaw their respective developmental progress to become CEO-ready;
    An international executive search firm, compensation advisory firm, and legal firm, in no particular order, were retained throughout the process to recruit top external candidates and provide expert advice, as the case may be, to the Board;
    Internal and external candidates were reviewed, assessed and diligently deliberated upon by the Board, with independent directors proceeding iteratively, methodically, deliberatively, and without undue influence or bias, at all stages of the CEO hire process,
    Detailed psychometric testing occurred with the three finalist candidates;
    The chosen permanent CEO’s credentials, competencies and other attributes were vetted in the context of detailed reference and background checks involving respectively eight and 24 external arms-length individuals; and
    The Board respected the confidentiality of the CEO succession planning process.

Browning West Issues Letter to Gildan Activewear’s Board of Directors Outlining Steps to Restore Stakeholder Confidence

Retrieved on: 
Thursday, December 14, 2023
Fashion, Other Retail, Retail, Professional Services, Asset Management, Sale, EBITDA, Loom, Record, Research, NYSE, Fruit of the Loom, Entrepreneurship, Chair, Risk, Chairperson, Culture, Permanent Damage, USD, Partner, Berkshire Hathaway, Public Interest Declassification Board, IPO, Growth, TSX, Letter, Bankruptcy, Security (finance), Management, Pharmaceutical industry, Property management, Fruit, Broder, Sportswear, Gildan

Browning West, LP ("Browning West" or “we”), which beneficially owns approximately 3.9% of the outstanding shares of Gildan Activewear Inc. (NYSE: GIL) (TSX: GIL), today issued the following letter to the Company’s Board of Directors.

Key Points: 
  • Browning West, LP ("Browning West" or “we”), which beneficially owns approximately 3.9% of the outstanding shares of Gildan Activewear Inc. (NYSE: GIL) (TSX: GIL), today issued the following letter to the Company’s Board of Directors.
  • Browning West, LP (together with its affiliates, “Browning West” or “we”) owns approximately 3.9% of Gildan Activewear Inc.’s (“Gildan” or the “Company”) outstanding common shares, making us one of the Company’s largest shareholders.
  • The purpose of this letter is to detail our strong objection to the Board’s recent decisions and to propose tangible actions to restore stakeholder confidence and put Gildan on stronger footing.
  • However, we believe the Board must act urgently to correct its substantial missteps and restore stability to the Company.

STATEMENT BY GLENN J. CHAMANDY

Retrieved on: 
Monday, December 18, 2023
NYSE, TSX, Culture, Management, Gildan

MONTREAL, Dec. 18, 2023 /PRNewswire/ - Glenn J. Chamandy, former President and CEO and co-founder of Gildan Activewear Inc. (TSX: GIL) (NYSE: GIL) ("Gildan" or the "Company"), today issued the following statement:

Key Points: 
  • MONTREAL, Dec. 18, 2023 /PRNewswire/ - Glenn J. Chamandy, former President and CEO and co-founder of Gildan Activewear Inc. (TSX: GIL) (NYSE: GIL) ("Gildan" or the "Company"), today issued the following statement:
    Contrary to media reports, I gave no ultimatum to Gildan's board with respect to any strategy or potential acquisitions.
  • This is a sideshow to distract from the reaction the shareholders have had with respect to the board's handling of succession planning, in which I was not involved.
  • I did not and could not orchestrate or control the events; the board conducted the process.
  • I do believe, it is essential that a leadership transition be conducted in a manner consistent with Gildan's successful track record.

STATEMENT BY GLENN J. CHAMANDY FOLLOWING FOUR DECADES OF SERVICE TO GILDAN ACTIVEWEAR

Retrieved on: 
Monday, December 11, 2023
Family, NYSE, TSX, Employment, Management, Gildan

MONTREAL, Dec. 11, 2023 /PRNewswire/ - Glenn J. Chamandy, President and CEO and co-founder of Gildan Activewear Inc. (TSX: GIL) (NYSE: GIL) ("Gildan" or the "Company"), today issued the following statement following four decades of service to the Company, including nearly 20 years as President and CEO:

Key Points: 
  • MONTREAL, Dec. 11, 2023 /PRNewswire/ - Glenn J. Chamandy, President and CEO and co-founder of Gildan Activewear Inc. (TSX: GIL) (NYSE: GIL) ("Gildan" or the "Company"), today issued the following statement following four decades of service to the Company, including nearly 20 years as President and CEO:
    Yesterday, I received notice from the Chairman of Gildan Activewear's Board of Directors that the Company was terminating my employment agreement without cause.
  • It is unfortunate that my vision of the path forward has differed from that of other Board members.
  • This comes after 40 years of service in the impressively successful company founded by my family.
  • I also wish to express my gratitude to our exceptional customers, who have supported us through thick and thin.

FIS Announces Appointment of James Kehoe as Chief Financial Officer

Retrieved on: 
Tuesday, August 22, 2023
Software, Payments, Finance, Banking, Professional Services, Technology, Fintech, Digital Cash Management, Digital Assets, Takeda Pharmaceutical Company, Walgreens Boots Alliance, Hoag, Kehoe, Kraft Foods, FIS, University College Dublin, University of Galway, EBITDA, Business studies, Gildan, CFO, Growth, NYSE, Management

FIS ® (NYSE: FIS), a global leader in financial services technology, today announced the appointment of James Kehoe as Chief Financial Officer (CFO), effective August 21, 2023.

Key Points: 
  • FIS ® (NYSE: FIS), a global leader in financial services technology, today announced the appointment of James Kehoe as Chief Financial Officer (CFO), effective August 21, 2023.
  • “We are pleased to welcome James Kehoe to the FIS team.
  • He is an accomplished and internationally experienced CFO with a distinguished record of success in driving shareholder value,” said FIS Chief Executive Officer and President Stephanie Ferris.
  • He joins FIS from Walgreens Boots Alliance, where he served as Executive Vice President and Global Chief Financial Officer since 2018.

Gildan’s Science-based Emissions Targets Validated by SBTi

Retrieved on: 
Wednesday, August 2, 2023
GIL, Science, Gildan, Science Based Targets initiative, Ferrari 365 GT4 2+2, 400 and 412, Senior, Criterion, GHG, Targets, Climate change, TSX, ESG, Next Generation, United States Senate Committee on Homeland Security and Governmental Affairs, NYSE, Renewable energy, Tax

MONTREAL, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) is pleased to announce that the Science Based Targets initiative (SBTi) has validated that the Company's 2030 near term greenhouse gas (GHG) emissions reduction targets are in conformance with the SBTi Criteria and Recommendations (version 4.2), marking a significant milestone in the advancement of the Company's ESG strategy.

Key Points: 
  • MONTREAL, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) is pleased to announce that the Science Based Targets initiative (SBTi) has validated that the Company's 2030 near term greenhouse gas (GHG) emissions reduction targets are in conformance with the SBTi Criteria and Recommendations (version 4.2), marking a significant milestone in the advancement of the Company's ESG strategy.
  • “The validation of our emissions targets by SBTi further reinforces our commitment and builds on our foundation of strong sustainability practices which include social, environmental, and economic benefits in the communities where we operate.
  • Gildan also committed to reduce absolute Scope 3(4) GHG emissions by 13.5% by 2030 from a 2019 base year.
  • Both targets have now been reviewed and validated by the SBTi.

Golf Inc. Magazine Judges Bestow "Development of the Year" Honor on Apes Hill Barbados

Retrieved on: 
Monday, May 22, 2023
DNA, Life, Clothing, Golf, Pro Swing Inc v Elta Golf Inc, Multimedia, History, Development, Audubon International, Beauty, Gildan, Health, Family, Hotel

SAINT JAMES, Barbados, May 22, 2023 /PRNewswire/ -- A panel of judges for Golf Inc., the leading international trade publication, voted Apes Hill Barbados runner-up in its annual Development of the Year competition.

Key Points: 
  • Comments from three Development of the Year judges show why Apes Hill Barbados was selected:
    "A wonderfully conceived and executed vision with a strong emphasis on environmental sustainability.
  • "The Development of the Year honor is deeply appreciated because the judges touched on the essence of Apes Hill Barbados in their comments," said Sunil Chatrani, Executive Chairman, Apes Hill Barbados.
  • In addition to the Ron Kirby designed, 18-hole championship golf course, Apes Hill Barbados offers exceptional, complementary golf amenities including the short course, a 19th hole, sleek clubhouse, and state-of-the-art Golf Performance Centre.
  • Apes Hill Barbados is a 475-acre property in Saint James Parish on the west coast of culturally vibrant and historically rich Barbados.

Gildan Activewear Reports on Shareholders’ Voting Results

Retrieved on: 
Thursday, May 4, 2023
GIL, TSX, Gildan, Shareholder rights plan, Long-term incentive plan, NYSE, Proxy, Holding company, Internet service provider, Management

MONTRÉAL, May 04, 2023 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) today announced that the ten nominees proposed as directors in its management proxy circular dated March 6, 2023 were elected as directors of the Company by a majority of the votes cast by the shareholders or represented by proxy at its virtual annual and special meeting of shareholders held on May 4, 2023 in Montréal.

Key Points: 
  • MONTRÉAL, May 04, 2023 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) today announced that the ten nominees proposed as directors in its management proxy circular dated March 6, 2023 were elected as directors of the Company by a majority of the votes cast by the shareholders or represented by proxy at its virtual annual and special meeting of shareholders held on May 4, 2023 in Montréal.
  • Gildan also notes that a majority of shareholders voted for the non-binding advisory vote on Executive Compensation (“Say on Pay”), the reappointment of its auditors, the ratification and renewal of the Shareholder Rights Plan, and the approval of the two amendments to the Long Term Incentive Plan (each a separate voting item).
  • The majority of shareholders voted against the shareholder proposal.
  • The voting results are detailed below:

Gildan Activewear Announces Dates for First Quarter 2023 Earnings Release and Annual General Meeting of Shareholders

Retrieved on: 
Tuesday, April 18, 2023
GIL, TSX, Gildan, Shareholder, Annual general meeting, NYSE, Video game, Holding company

MONTREAL, April 18, 2023 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2023 first quarter results on Wednesday, May 3, 2023.

Key Points: 
  • MONTREAL, April 18, 2023 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2023 first quarter results on Wednesday, May 3, 2023.
  • The annual meeting of shareholders of the Company will be held on Thursday, May 4, 2023 at 10:00 AM ET.
  • The 2023 Annual Meeting of Shareholders can be accessed on our corporate site at Gildan 2023 AGM .
  • Instructions for Gildan’s virtual 2023 Annual Meeting of Shareholders can be found in our Notice of 2023 Annual Meeting of Shareholders and in our Virtual AGM User Guide .