Canadian Tire Corporation Announces Election of Directors

TORONTO, May 9, 2019 /CNW/ - Canadian Tire Corporation, Limited (the "Company") (TSX: CTC) (TSX: CTC.a) announced today that each of the sixteen director nominees listed in the Company's Management Information Circular dated March 14, 2019 were elected as directors of the Company at its Annual Meeting of Shareholders (the "Meeting") held earlier today in Toronto. The detailed results of the vote for the election of directors held at the Meeting are set out below.

On a vote by a show of hands, the following 13 nominees proposed by management were elected as directors of the Company by the holders of Common Shares. The Company received the following proxy votes in advance of the Meeting from the holders of Common Shares with respect to the election of the 13 nominees:

        
       
              Nominee  
     
         Proxy Votes  
     
              % of Proxy  
     
             Proxy Votes    
     
           % of Proxy Votes
                                    For                  Votes For                Withheld                   Withheld

    ---

         
       Eric T. Anderson              2,537,408                    99.99                        339                            0.01


         
       Martha G. Billes              2,534,778                    99.88                      2,969                            0.12


          
       Owen G. Billes               2,537,486                    99.99                        261                            0.01


          
       Diana L. Chant               2,537,501                    99.99                        246                            0.01


        
       Patrick J. Connolly            2,537,351                    99.98                        396                            0.02


          
       David C. Court               2,537,336                    99.98                        411                            0.02


        
       Mark E. Derbyshire             2,537,462                    99.99                        285                            0.01


         
       John A.F. Furlong             2,537,395                    99.99                        352                            0.01


         
       Claude L'Heureux              2,537,501                    99.99                        246                            0.01


         
       Donald A. Murray              2,537,405                    99.99                        342                            0.01


         
       Maureen J. Sabia              2,537,210                    99.98                        537                            0.02


        
       Cynthia M. Trudell             2,537,221                    99.98                        526                            0.02


        
       Stephen G. Wetmore             2,537,388                    99.99                        359                            0.01

On a vote by a show of hands, the following three nominees proposed by management were elected as directors of the Company by the holders of Class A Non-Voting Shares. The Company received the following proxy votes in advance of the Meeting from the holders of Class A Non-Voting Shares with respect to the election of the three nominees:

                  Nominee     Proxy Votes           % of Proxy           Proxy Votes   
      
                % of Proxy
                          For             Votes For             Withheld                 Votes Withheld

    ---

         Pierre Boivin         36,748,865                 97.95                770,263                            2.05


            James L.
           Goodfellow          36,257,466                 96.64              1,261,662                            3.36


        Norman Jaskolka        36,864,951                 98.26                654,177                            1.74

About Canadian Tire Corporation
Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or "CTC", is a family of businesses that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark's, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts, National Sports, Intersport and Atmosphere, which offer the best active wear brands. The 1,700 retail and gasoline outlets are supported and strengthened by our Financial Services division and the tens of thousands of people employed across Canada and around the world by the Company and its local dealers, franchisees and petroleum retailers. In addition, Canadian Tire Corporation owns and operates Helly Hansen, a leading global brand in sportswear and workwear based in Oslo, Norway. For more information, visit Corp.CanadianTire.ca.

FOR MORE INFORMATION

Media: Jane Shaw, 416-480-8581, jane.shaw@cantire.com
Investors: Lisa Greatrix, 416-480-8725, lisa.greatrix@cantire.com

SOURCE CANADIAN TIRE CORPORATION, LIMITED - INVESTOR RELATIONS