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Dorel Industries Announces Results of Annual Meeting

MONTRÉAL, May 28, 2025 (GLOBE NEWSWIRE) — Dorel Industries Inc. (TSX: DII.B, DII.A) is pleased to announce that all of the nominees listed in its Management Proxy Circular dated April 15, 2025 were re-elected as directors at the Company’s Annual Meeting of Shareholders held today in Montréal.

At the meeting, a ballot was conducted for the election of directors. According to proxies received and ballots cast, the following individuals were elected as directors of Dorel, with the following results:

Name of Nominee Votes For % For Votes Withheld
% Withheld
Martin Schwartz 49,852,869 85.73 8,297,772   14.27
Jeffrey Schwartz 49,151,316 84.52 8,999,325   15.48
Jeff Segel 49,756,686 85.57 8,393,955   14.43
Maurice Tousson 46,500,967 79.97 11,649,674   20.03
Norman M. Steinberg 46,703,034 80.31 11,447,607   19.69
Brad A. Johnson 47,007,396 80.84 11,143,245   19.16
Sharon Ranson 46,906,353 80.66 11,244,288   19.34
           

Director biographies are available in the Board of Directors section of Dorel’s website at www.dorel.com.

At the meeting, shareholders also reappointed KPMG LLP, Chartered Professional Accountants, as Dorel’s auditors.

Profile
Dorel Industries Inc. (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel’s strength lies in the diversity, innovation and quality of its products as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi, Safety 1st and Tiny Love, complemented by regional brands such as BebeConfort, Cosco, Mother’s Choice and Infanti. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture. Dorel has annual sales of US$1.4 billion and employs approximately 3,600 people in facilities located in twenty-two countries worldwide.

CONTACTS:
Dorel Industries Inc.
John Paikopoulos
(514) 934-3034

Dorel Industries Inc.
Jeffrey Schwartz
(514) 934-3034

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