Empire Company (EMP-A) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of Indigenous territory and historical context of the region.

• Warm welcomes extended to new university leaders, business students, and notable guests.

• Tribute paid to Sir Graham Day, a former board member and mentor.

• Agenda included formal business, remarks from leadership, and guest speakers.

Board and executive committee updates

• Introduction of 15 board nominees, including first-time nominee Kent Sobey.

• Approval of board size, director remuneration, and appointment of auditors for fiscal 2026.

• Advisory resolution on executive compensation passed with 100% of Class B and 95.99% of Class A shares in favor.

• Recognition of executive transitions: new CFO Costa Pefanis and new CHRO Sandra Pasquini, with thanks to outgoing leaders.

Corporate governance

• Emphasis on pay-for-performance philosophy aligning executive and shareholder interests.

• Succession planning highlighted as a strength, ensuring smooth leadership transitions.