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Shopify Announces Results of its 2020 Annual Meeting of Shareholders

BusinessWire - Wed May 27, 4:00PM CDT

Shopify Inc. (NYSE:SHOP)(TSX:SHOP.TO) ("Shopify" or the "Company"), a leading global commerce company, today announced the results from its Annual Meeting of Shareholders (the "Meeting") which took place today. All director nominees were re-elected to the Board of Directors and PricewaterhouseCoopers LLP was appointed as auditors as further described in the Company's management information circular dated April 16, 2020 (the "Circular"). Shareholders approved the advisory resolution on the approach to executive compensation disclosed in the Circular.

The detailed results of the Meeting were as follows:

1. Election of Directors

The six (6) nominees for Director that were proposed by management of the Company were elected pursuant to a vote conducted by ballot. The votes were cast for each nominee as follows:

Director               Votes      % of      Votes       % of
                                  for     Votes for Withheld Votes Withheld
---------------------------- ----------- --------- --------- --------------
Tobias Lutke  184,198,616  99.25%   1,389,410     0.75%
---------------------------- ----------- --------- --------- --------------
Robert Ashe                   183,010,134  98.61%   2,577,892     1.39%
---------------------------- ----------- --------- --------- --------------
Gail Goodman                  185,504,948  99.96%    83,077       0.04%
---------------------------- ----------- --------- --------- --------------
Colleen Johnston              185,021,854  99.69%    566,171      0.31%
---------------------------- ----------- --------- --------- --------------
Jeremy Levine                 184,995,712  99.68%    592,314      0.32%
---------------------------- ----------- --------- --------- --------------

2. Appointment of Auditor

PricewaterhouseCoopers LLP were appointed as the Company's auditors and the directors were authorized to fix the auditor's compensation pursuant to a vote conducted by ballot. The votes were cast as follows:

Votes   % of     Votes       % of
  for  Votes forWithheld Votes Withheld
----- --------- -------- --------------

3. Advisory Vote on Executive Compensation

The advisory vote on executive compensation was approved pursuant to a vote conducted by ballot. The votes were cast as follows:

Votes   % of     Votes      % of
  for  Votes for Against Votes Against
----- --------- ------- -------------

Following the Meeting, the Board of Directors selected Tobias Lutke to continue to serve as Chair of the Board of Directors, and Robert Ashe to continue to serve as Lead Independent Director.

About Shopify

Shopify is a leading global commerce company, providing trusted tools to start, grow, market, and manage a retail business of any size. Shopify makes commerce better for everyone with a platform and services that are engineered for reliability, while delivering a better shopping experience for consumers everywhere. Headquartered in Ottawa, Canada, Shopify powers over one million businesses in more than 175 countries and is trusted by brands such as Allbirds, Gymshark, PepsiCo, Staples and many more. For more information, visit www.shopify.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200527005917/en/

SOURCE: Shopify

INVESTORS:
Katie Keita
Senior Director, Investor Relations
613-241-2828 x 1024
IR@shopify.com


MEDIA:
Sheryl So
Senior Communications Lead
416-238-6705 x 302
press@shopify.com

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