Performance Sports Group Ltd., a leading developer and manufacturer of ice hockey, roller hockey, lacrosse, baseball, and softball sports equipment, as well as related apparel and soccer apparel, has disclosed that it has received a notice from the Walter Graeme Roustan Trust regarding its intention to nominate W. Graeme Roustan as a director candidate at the Company's 2015 Annual and Special Meeting of Shareholders on October 14, 2015.
Performance Sports Group shareholders of record as of the close of business on August 28, 2015 are entitled to attend the Annual and Special Meeting of Shareholders and vote their common shares. Performance Sports Group shareholders are not required to take any action at this time.Performance Sports Group Ltd., a leading developer and manufacturer of ice hockey, roller hockey, lacrosse, baseball, and softball sports equipment#
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Early in the year, Mr. Roustan requested that he be added to the Company's Board of Directors. After considering his request, the Board of Directors, based on the recommendation of the Corporate Governance and Nominating Committee, unanimously determined that it was not in the Company's best interest to recommend that Mr. Roustan be nominated to the Board of Directors, according to a press release.
The Company will provide shareholders with proxy related materials, including a proxy card and a formal notice and proxy statement, in connection with the 2015 Annual and Special Meeting of Shareholders in due course. In the meantime, shareholders are urged to ignore any other materials they may receive until they have had an opportunity to review Performance Sports Group's information.
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Stikeman Elliott LLP and Paul, Weiss, Rifkind, Wharton &Garrison LLP are serving as legal advisors to Performance Sports Group and DF King is assisting with proxy solicitation. (GK)
ALCHEMPro News Desk – India
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