Good morning, everyone. This is Dani Reiss, Chairman and Chief Executive Officer of Canada Goose. On behalf of our management team, directors, and employees worldwide, it is my pleasure to welcome you to our Annual Meeting of Shareholders. Fiscal 2025 was a year of meaningful progress for Canada Goose. We finished strong with momentum across our brand, our retail execution, and our operational discipline, all of which have laid a solid foundation for the future. We made real strides against our four key operating imperatives. First, building brand heat through focused marketing investments. We created standout moments that sparked attention and impact. Campaigns for our Snow Goose by Canada Goose Capsule didn't just elevate our brand, it drove global engagement and commercial results. Second, expanding our product offering to enhance year-round relevance.
We launched our most technically advanced rainwear to date, introduced our first-ever eyewear collection, and continued to grow our apparel category, now our fastest growing segment. With Haider Ackermann's creative vision across Snow Goose and expanding into mainline collections next year, we're building relevance across seasons and across lifestyles. Third, driving strategic channel development. We delivered stronger conversion across our comparable retail stores, opened new locations, and enhanced our digital experience with tools like AI-powered virtual try-on and live streaming. Our wholesale partnerships also evolved with curated allocations and elevated in-store activations that better reflect our brand. Fourth, operating efficiently with pace and accountability. We reduced inventory for six consecutive quarters, improved inventory turns, and maintained discipline and SG&A, all while investing in the areas that matter most: product, brand, and consumer experience. These results are a direct outcome of focused execution and a clear strategy.
We're entering fiscal 2026 with momentum and a sharp focus on what drives long-term value. To our teams around the world, thank you. Your passion, creativity, and commitment continue to push Canada Goose forward. Thank you to our shareholders for your continued support and for joining us today. I will now turn it over to David Forrest, General Counsel, who will chair the remainder of the meeting.
Thanks, Dani, and good morning, everyone. My name is David Forrest, General Counsel of Canada Goose. I am a consent to the meeting. I will also chair today's meeting. On behalf of our management, directors, and employees worldwide, it is my pleasure to welcome you to our annual meeting of shareholders. I would also like to take this opportunity to thank you on behalf of our whole company for your continued support and belief in our vision. I would also like to introduce you to the people with me today. You've already heard from Dani Reiss, our Chairman and Chief Executive Officer. Also with me is Neil Bowden, our Chief Financial Officer, Heidi Konnert, our in-house Legal Counsel, and a representative from ComputerShare, the company's transfer agent and this meeting's scrutineer.
Please note that only registered holders of subordinate voting shares and multiple voting shares of record as of June 18th, 2025, or the duly appointed proxy holders, are permitted to participate and vote at this meeting. Following the formal portion of the meeting, time permitting, the members of management with me here today will be available to take a few questions. Shareholders who wish to communicate with the members of the management team with me here today or who wish to present or ask a question in respect of a motion may do so using the messaging function on the Lumi virtual interface. Please note that questions or comments submitted using the messaging function of the Lumi virtual interface will be read out loud and addressed during the question period at the end of the meeting.
In accordance with the rules for the orderly conduct of the meeting that I will describe now, as this meeting is held virtually via live webcast, we think it's necessary to set a few rules for the orderly conduct of the meeting. Questions can be submitted by any registered shareholder or duly appointed proxy holder using the messaging function of the Lumi virtual interface. When asking a question, please indicate your name, which entity you represent, if any, and confirm that you are a registered shareholder or duly appointed proxy holder. Questions will generally be read out loud and addressed during the question period at the end of the meeting, provided that questions regarding procedural matters or directly related to the motions before the meeting may be addressed during the meeting if relevant.
Questions or comments containing inappropriate language, profanities, hostilities, or that are otherwise disruptive to the orderly conduct of the meeting for all shareholders will not be read out loud nor answered. Questions which are already answered or that are redundant or repetitive will not be read out loud nor answered. Questions that are excessively long, partially redundant, or repetitive may be summarized. For the purposes of the meeting today, voting on all matters will be conducted by a single electronic ballot. Our registered shareholders and duly appointed proxy holders will be asked to vote on each business item at the same time. This will allow you to choose to vote on each resolution as soon as voting opens or wait until the conclusion of the discussion on each resolution prior to casting your votes.
After you've registered your votes for all business items of today's meeting, the scrutineer will compile the votes in respect of each business item. All dollar amounts referenced in today's meeting are in Canadian dollars. Any forward-looking statements made today, including any forward-looking statements made during the Q&A portion of the meeting, are subject to risks and uncertainties that could cause actual results to differ materially from those projected in such statements. Certain material factors and assumptions were considered and applied in making these forward-looking statements. Please refer to our fiscal 2025 annual earnings release and our Q1 fiscal 2026 earnings release filed on SEDAR+ and EDGAR on May 21st, 2025 and July 31st, 2025, respectively, as well as the risk factors section in our most recent annual report filed on SEDAR+ and EDGAR.
The forward-looking statements made today speak only as of today, and we undertake no obligation to update or revise any of these statements. We'll now proceed with the formal portion of today's meeting. I call to order the annual meeting of the company shareholders. With the consent of the meeting, I appoint Heidi Konnert, Senior Legal Counsel at Canada Goose, to act as the Secretary of the meeting. In addition, I appoint our Transfer Agent, ComputerShare Investor Services Inc., through its representatives as scrutineer. The scrutineer will report on the number of supported voting shares and multiple voting shares represented in person and by proxy at this meeting and report on the voting results. The purposes of today's meeting are set in the Management Information Circular of the Company dated June 18th, 2025.
Consistent with previous years, the Company is using the notice and access regime enabled by today's securities law to make its meeting materials available. In this regard, it sent a notice with all relevant information to all shareholders on or about June 26th, 2025. As mentioned in such a notice, the shareholders have had access to the circular and the notice of meeting on the Company's Investor Relations website and on the SEDAR+ website since June 26, 2025. Accordingly, I will dispense with the reading of the notice of meeting. Copies of the circular and other meeting materials may be downloaded at any time from the Company's Investor Relations website or on the SEDAR+ website under the Company's profile. Our Transfer Agent, ComputerShare Investor Services Inc., has attested to the proper mailing of the notice calling this meeting.
I direct that copies of the notice of meeting and the notice relating to the availability of meeting materials and the former proxy with proof of mailing be kept by the Secretary with the records of the meeting. The scrutineer's report indicates that shareholders holding in aggregate more than 25% of the issued shares, plus a majority of multiple voting shares entitled to be voted at the meeting, are present in person or represented by proxy. This meets the quorum requirements in the Company's articles, and as such, we are permitted to proceed with the meeting. A copy of the final report on attendance will be filed with the records of the meeting. As previously mentioned, the purposes of the meeting today, voting on all matters, will be conducted in a single electronic ballot.
At the beginning of the formal part of the meeting, registered shareholders and duly appointed proxy holders will receive a message on the Lumi virtual interface inviting you to register your votes as soon as the polls are open. You may cast your votes as soon as the polls are opened or wait until the conclusion of the discussion on each resolution prior to casting your vote. You should know that proxies lodged before this meeting allow management of the Company to cast a significant number of votes. Based on the number of shares represented in this meeting, the members of management with me today will be able to determine the outcome of all motions that will go to a vote today.
I may therefore declare the motions which will go to a vote today as carried, even though all votes may not have been counted or final report may not yet be available. I shall do this to keep up the pace of the meeting. To further expedite the formal part of the meeting, I will move all motions. From the articles of the Company, no such motion will need to be seconded. I now declare this meeting was properly called and duly constituted for the transaction of business. Please note that the minutes of the last annual meeting of shareholders held on August 2, 2024, are available for review on demand. I will dispense with the reading of the minutes of the last annual meeting, and I direct that a copy of such minutes be inserted and kept in the minute books of the Company.
I will now continue with the first item of business of today's meeting. The first item of business is the presentation of the Company's consolidated financial statements for the fiscal year ended March 30th, 2025, as well as the auditor's report thereon. These financial statements and the auditor's report were included in the Company's annual report on Form 20-F and were made available under the Company's profile on the SEDAR+ and EDGAR websites on May 21, 2025. With consent of the meeting, I will dispense with the reading of the auditor's report. Please note that we will answer any questions with respect to the financial statements in the general question period only. We now move to the next item on today's agenda. The first matter to be acted upon is the election of 10 individuals to the Board of Directors.
The term of office of the Directors is from today until the next annual meeting of shareholders or until such time as their successors have been duly elected or appointed, whichever is sooner. The Management Information Circular contains information on each of the 10 nominees recommended for election as Directors. The 10 nominees are presently Directors of the Company. Registered shareholders and duly appointed proxy holders may vote for each proposed Director nominee individually. Nominate each of the following persons for election as a Director of the Company to hold office until the close of the next annual meeting of shareholders or until his or her successors are duly elected or appointed. They are Michael D. Armstrong, Jody Butts, Maureen Chiquet, Brian Cotton, Jennifer Davis, John Davison, Stephen Gunn, Dani Reiss, Gary Saage, and Belinda Wong.
Each of the persons nominated has confirmed that he or she is prepared to serve as a Director, and each of them qualifies as a Director under the provisions under the British Columbia Business Corporations Act. The motion is now on the floor, and you may therefore cast your votes now if not already done. I remind you that if you previously voted by proxy, you do not need to vote again on the platform. I will now continue with the next item of business, which is the appointment of the Company's auditors. The second matter to be acted upon at today's meeting is the appointment of the auditors of the Company for the ensuing year and authorizing the Directors of the Company to fix the remuneration of the auditors.
The Audit Committee of the Company and the Board of Directors has recommended the appointment of our existing auditors, Deloitte LLP, as the auditors of the Company for the ensuing year. I move that Deloitte LLP be appointed auditors of the Company until the next annual meeting of shareholders and that the Board of Directors be authorized to fix their remuneration. The motion is now on the floor. As previously mentioned, voting today is being conducted by a single electronic ballot. Voting opened at the beginning of the formal part of today's meeting. If you have not yet cast your vote for the motions, please do so now. Please register your votes by accessing the voting tab and pressing on the for or withheld buttons next to the name for each proposed Director and next to the resolution with respect to the appointment of Deloitte LLP as the Company's auditors.
Once the electronic balloting closes, the voting page will disappear and your votes will automatically be submitted. We will wait a few moments for the completion of the electronic ballots and then move on with the remainder of the meeting. We'll provide registered shareholders and duly appointed proxy holders approximately 30 seconds to complete the electronic ballots. Voting is now closed. Thank you all for submitting your votes. Now that voting is completed, I would ask that the scrutineer compile the report regarding the final voting results on all business matters. I direct that the results of the poll for the election of the Directors be included in the minutes of the meeting. Detailed voting results for each motion put forth in front of the meeting will be available on SEDAR+ and EDGAR in the next 24 hours.
Based on the proxies received to date, as evidenced by the preliminary scrutineer's report provided at the beginning of today's meeting, I confirm the following. Each of the 10 nominees have been elected as Directors of the Company to serve until the next annual meeting of shareholders or until their successors are elected or appointed. The appointment of Deloitte LLP as the auditors of the Company has been approved, and the Board of Directors has been authorized to fix their remuneration. All items of business as set in the notice of meeting have now been dealt with. As there is no further business to come before the meeting, I declare the formal part of the meeting to be concluded.
Since there are no registered shareholders or duly appointed proxy holders, other than Dani Reiss attending this meeting on the Lumi virtual interface at this time, we will forgo the Q&A portion of the meeting. On behalf of management, our Board of Directors, and our employees, I would like to take this opportunity to thank everyone for attending our meeting. I would also like to thank all of our shareholders for their commitment and continued support. I look forward to your attendance again next year.