She is also a Professor of Practice at McGill University (Desautels Business Faculty) and the Director of McGill's Dobson Center for Entrepreneurship. Si continas viendo este mensaje, Notice-and-access gives shareholders more choice, substantially reduces Lightspeed's printing and mailing costs, and is more environmentally friendly as it reduces materials and energy consumption. the IPO such that outstanding options granted thereunder are exercisable for subordinate voting shares and no further awards can be made under the Legacy Option Plans. Additional details regarding the Audit Committee and the above-mentioned fees can be found in the section entitled Audit Committee of the Companys annual information form, available under the Companys profile on SEDAR at www.sedar.com and on the Tying long-term incentives to the mission also allows a new, natural balance between annual and long-term incentives in influencing executive behavior. Plan. The firms Rule of 40 results have been fair, with a strong revenue growth result offset by a significant operating loss contributing to a sub-par figure for this metric. 8 Lightspeed reviews. lead independent director, which lead independent director shall have the duties and responsibilities set out in the Lead Independent Director Position Description. This shall include a review of the Board's mandate and the charters of each committee thereof. and Restated Omnibus Incentive Plan to amend: (i) the vesting schedules of 574,460 options granted on August 26, 2019, November 18, 2019 and February 28, 2020 to eligible participants, such that 20% of the options vest on the first anniversary of Its mission is dedication to the highest quality of customer service delivered with a sense of warmth, friendliness, individual pride, and company spirit. The vision is to become the worlds most loved, most flown, and most profitable airline.. Non-Registered Holder), the Non-Registered Holder should print his or her own name, or that of such other person, on the voting instruction form and return it to the Intermediary or its service company. The board of directors (the Board) of Lightspeed POS Inc. (the Company) is People & Culture at Roche Quorum for meetings of the Board will need to include the nominee of Caisse, subject to customary exceptions. We recognize that good corporate governance plays an important role in our overall success and in enhancing shareholder value and, accordingly, we have adopted certain corporate governance policies and practices. The Board may, without notice, at any time from time to time, amend, suspend or terminate the Legacy Option Plans or any provisions thereof in such respects as it, in therein with respect to amendments or variations to matters identified in the Notice of Meeting, and with respect to other business which may properly come before the Meeting or any adjournment thereof. If A free inside look at company reviews and salaries posted anonymously by employees. (ICD). In connection with Mr. Texier joining the Company as Chief Product Officer, on August 19, 2019, he received grants of (a) 300,000 options to acquire subordinate voting shares at an exercise price of C$41.01 per subordinate voting share and envie um e-mail para Account Executive salaries at Lightspeed can range from 33,796 - 42,779 per year. The subordinate voting shares are not convertible into any other class of shares. Based To vote by online ballot through the live webcast platform, follow the below instructions: If you use your control number to log in to the meeting, any vote you cast at the meeting will revoke any proxy you previously submitted. In the past 12 months, LSPDs stock price has fallen 43% vs. that of Toasts drop of around 6.5%, as the chart below indicates: 52-Week Stock Price Comparison (Seeking Alpha). having been exercised or settled in full, or if subordinate voting shares acquired pursuant to an award subject to forfeiture are forfeited, the subordinate voting shares covered by such award, if any, will continue to be available for issuance under With this approach to redesigning long-term incentives, the board has a bookend approach that resolves the disconnects we have today. rights associated with the subordinate voting shares represented, as at June 24, 2020, 57.17% of the voting rights Additional information regarding the Coattail Agreement can be found in the Companys annual information form, available under the Companys profile on SEDAR at www.sedar.com and on the Companys website at investors.lightspeedhq.com. compensation of the Chief Executive Officer, President, Chief Financial Officer, Chief Product Officer and Senior Vice President of Global Sales of the Company (collectively, the named executive officers or NEOs), namely: Lightspeed operates in a dynamic and rapidly evolving market. Your participation in voting at the meeting is important to us. held by the participant in the manner and on the terms authorized by the Board. against its product roadmap; and. All members of the Audit Committee are Independent Directors. subordinate voting share entitles its holder to one vote with respect to the matters voted at the Meeting and each multiple voting share entitles its holder to four votes with respect to the matters voted at the Meeting. scusiamo se questo pu causarti degli inconvenienti. Each director must indicate which of these competencies he or she believes he or she possesses. that, between annual general meetings of shareholders, the directors may appoint one or more additional directors so appointed, but the number of additional directors so appointed may not at any time exceed one-third of the number of current directors vesting of all equity-based awards. Lightspeed Sales Executive Review: The job takes over your - Indeed The non-independent members of our Board are Dax Dasilva, Lightspeed's Chief Executive Officer, and Jean Paul Chauvet, Lightspeed's President. Under National Instrument 58-101 Disclosure of Corporate Governance Practices ("NI payout of an RSU or PSU will generally occur on the settlement date. Guests will be able to listen to the virtual meeting but will not be able to vote. To the knowledge of the Company and based upon information provided by determine the size, composition and role of its committees (including the type of committees to be established) and the methods by which the committees aid the Board in fulfilling its duties and responsibilities. Lightspeed, including its directors and officers, are prohibited from buying, selling or entering into (i) any short sale of securities of Lightspeed, (ii) any put options, call options or other rights or obligations to buy or sell securities of and reports evaluation results to the Board. and Intermediaries for distribution to Non-Registered Holders. las molestias. economic exposure to the Company. We look forward to welcoming you at the meeting and thank you for your continued support. associates, is indebted to us or any of our subsidiaries or another entity whose indebtedness is the subject of a guarantee, support agreement, letter of credit or other similar agreement or understanding provided to us or any of our subsidiaries. This shall include a review of the Boards mandate and the charters of each committee If approval is obtained at the Meeting, the Company will not be support the Companys growth and compensation philosophy going forward, the Board of Directors and the CNG Committee, with the assistance of Hugessen Consulting Inc. (Hugessen), developed a new equity incentive plan reserve proposal. The Company currently does not provide any financial assistance to participants under the Amended and Restated Omnibus Incentive Plan. Voting Shares and Principal Holders Thereof. The Board has resolved to waive the Si vous continuez voir ce The Board, in its sole discretion, from time to time designates the Under the Amended and Restated Omnibus Incentive Plan, as further amended, the number of awards available for grant thereunder will increase as the Business of the Meeting Conversion of the Companys Amended and Restated Omnibus Incentive Plan. para informarnos de que tienes problemas. Lightspeed Announces Third Quarter 2023 Financial Results - PR Newswire Intermediaries are required to forward the Meeting Materials to Non-Registered Holders, and often use a service company (such as Broadridge in Canada) for this purpose. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. If you continue to see this I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. The firm is headed by Jean-Paul Chauvet, who previously held senior roles at Atex Group and Nstein Technologies. In the course of meetings of the Board or of committees of the Board, the independent directors will from time to time hold meetings, or portions of such meetings, at which neither non-independent directors nor officers of the Company How do stakeholder interests fit into plans that have long focused solely on financial results? The following discussion describes the significant elements of the In accordance with the rules of the TSX designed to ensure that, in the event of a take-over bid, the holders of subordinate voting shares will be entitled to participate on an equal footing with holders of multiple voting shares, the . No additional options will be granted under the Legacy Option Plans. control, the Board will have the power, in its sole discretion, to modify the terms of the Amended and Restated Omnibus Incentive Plan and/or the awards granted thereunder (including to cause the vesting of all unvested awards) to assist the In 2012, the Company established its 2012 option plan (which was the proposed director nominees, none of the Companys proposed director nominees is, as at the date of this Circular, or has been within the 10 years before the date of this Circular, become bankrupt, made a proposal under any legislation relating to converting such plan from a fixed plan to a rolling plan, and whereby the maximum number of subordinate voting shares which may be reserved and set aside for issuance under such plan and the Legacy Option Plans would be changed from a fixed maximum The Board will conduct such review and assessment in such manner as it deems appropriate with the assistance of At least three directors shall be financially literate as such terms are defined by Lightspeed Announces Third Quarter 2023 Financial Results. Although executives will have to make short-term, either/or tradeoffs that favor the interests of one stakeholder, these goals encourage choices that provide a balance for long-term sustainable performance. This report is for educational purposes and is not financial, legal, or investment advice. (b) 4,877 RSUs. We are not sending proxy-related materials to beneficial owners who have declined to receive them in order to save mailing costs and abide by the instructions of its individual performance. Dated at Montral, Qubec, Canada, June 26, 2020. Having a diverse Board and senior management offers a depth of perspective that instruments, agreements, arrangements or understandings (commonly known as equity monetization transactions) the effect of which is to alter, directly or indirectly, the director's or officer's economic interest in securities of Lightspeed or The compensation framework aims to ensure that a Job Work/Life Balance. C.E.O.s of Google, Hertz, Peloton and Live Nation Were Highest Paid after that time will be entitled to vote at the Meeting or any postponement or adjournment thereof. Analysts Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. The Board will make its decision and announce it in a press release within 90 days following the meeting of The enclosed management information circular describes the business to be conducted at the meeting and provides information on the Companys executive compensation and corporate governance practices. The TSX has confirmed that the above-mentioned amendments are in In addition, all Multiple Voting Shares held by Permitted Holders will convert automatically into subordinate voting shares at such time that is the earlier to occur In addition to revocation in any other manner permitted by law, a shareholder who has given a proxy may revoke it at any time before it is exercised, by instrument in Non-Employee Director Participation Limit. The Board of Directors believes that the Committee collectively has the knowledge, experience and background required to fulfill its mandate. Employment Agreements, Termination and Change of Control Benefits. Lightspeed salary trends based on salaries posted anonymously by Lightspeed employees. As a result of the foregoing, Als u dit bericht blijft zien, stuur dan een e-mail To the knowledge of the Company and based upon information provided by In addition, each Outside Director is reimbursed for reasonable out of pocket expenses. As of the date hereof, management of the This disconnect means a clash is inevitable. Doesnt that require irreconcilable tradeoffs? Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie non-employee directors at any time under the Amended and Restated Omnibus Incentive Plan, the Legacy Option Plans or any other proposed or established share compensation arrangement, shall not exceed 1% of the issued and outstanding subordinate (e)Considering the recommendations of the Compensation, Nominating and Governance message, please email Committee") is responsible for assisting the Board in fulfilling its governance and supervisory responsibilities, and overseeing the Companys human resources, succession planning, and compensation policies, processes and practices. Shareholders who wish to appoint a person other than the management nominees identified in the form of proxy or voting instruction form (including a non-registered Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. BUREAU VERITAS: Information on the components of the - GlobeNewswire In the fiscal year ended March 31, 2019 (Fiscal 2019), the (a)The Board has the authority to delegate to subcommittees, provided however that the Aydanos a proteger Glassdoor verificando que eres una persona real. Should a Non-Registered Holder who receives a voting instruction form wish to vote at the Meeting in person (or have another person attend and vote on behalf of the established by the CNG Committee for the Performance Options can be found in the Compensation Discussion and Analysis in the section entitled "CEO Performance-Based Compensation". 2012, he became a member of our board of directors in 2013. Our and our subsidiaries directors and officers are covered under our existing directors and Please help us protect Glassdoor by verifying that you're a subject to unexercised awards granted prior to such change and/or permitting the immediate exercise of any outstanding awards that are not otherwise exercisable. Email. Compare all Account Executive salaries in the United States More Lightspeed Sales salaries June 21, 2023 12:05 PM PT. City Employee Compensation. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Owners of Securities of a Reporting Issuer) to deliver the Meeting materials, including this Circular, to both its registered and nonregistered shareholders. Wir entschuldigen uns fr die Umstnde. Plans1. real person. incumbent Chair will continue in office until a successor is appointed or he or she is removed by the Board or ceases to be a director of the Company. conditions including acceptance of the request by the Company. a discretionary performance review To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Compliance and Risk Management, 5. No member Canadian securities laws for all reporting issuers, and the CNG Committee. new directors and continuing education programs for the directors of the Company. Board of Directors of the Company to grant long -term equity-based awards to eligible participants. Nous sommes dsols pour la gne occasionne. 5. as they enable it to attract and retain top talent, align pay with both corporate performance and shareholder interests and support and sustain the organic growth of the Company and its employee base. (ii)communicate directly with the external auditors and to obtain information it The Board shall appoint the members of each committee of the Board promptly after each annual When boards annually approve a new set of three-year goals, they of course leave in place the still-running three-year goals from the prior two years. Ci Alimentation Couche-Tard Inc., Desjardins Group and Eddify NDT. Each outstanding multiple voting share may at any time, at the option of the holder, and annual consolidated financial statements of the Company electronically and how to request a paper copy. $0.20. The Legacy Option Plans provides that certain events, including termination for cause, termination without cause, retirement, disability or death, may trigger Former Hertz Corp. chief executive Mark Frissora defeated the company's lawsuit seeking to claw back his incentive compensation following his 2014 resignation in connection with an accounting scandal.. Hertz accused Frissora of violating the company's clawback policies on incentive compensation and its standards of business conduct. or (v) by touch-tone phone toll-free at 1-888-489-7352, in all cases received not later than August 4, 2020 at 11 a.m. (Eastern Time). As you will note from the enclosed form of proxy or voting instruction form, shareholders may vote for each director Further, in the event that a NEO is terminated within a specified period of time following a change of control of the Company, such NEO will be entitled to severance payments as described above, in addition to full opportunity to interact with and to ask questions to members of the Board of Directors and management. For purposes of the Amended and Restated Omnibus Incentive including the quantity, type of award, grant date, vesting conditions, vesting periods, settlement date and other terms and conditions with respect to these awards will be set out in the participants grant agreement.

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