Shopify Announces Results of its 2017 Annual Meeting of Shareholders

Ottawa, Canada – June 8, 2017 - Shopify Inc. (NYSE:SHOP)(TSX:SHOP) (“Shopify” or the “Company”), the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, today announced the results from its Annual Meeting of Shareholders (the “Meeting”) which took place yesterday. All director nominees were re-elected to the Board of Directors and PricewaterhouseCoopers LLP was appointed as auditors.  Shareholders approved the advisory resolution on the approach to executive compensation disclosed in the Company’s management information circular dated May 2, 2017.

The detailed results of the Meeting were as follows:

 

                                           Percentage of Votes                    For                        Against/Withheld              

                                                       Cast For                  (number of votes)        (number of votes)

1. Election of Directors

 Tobias Lütke                                  99.86                            175,775,607                            237,787

Robert Ashe                                    99.65                            175,400,779                            612,615

Steven Collins                                 99.80                            175,654,516                            358,878

Gail Goodman                                99.66                            175,422,089                             591,305

Jeremy Levine                                 99.79                            175,640,203                             373,191

John Phillips                                    99.48                            175,101,090                              912,304

2. Appointment of Auditors          99.93                           186,673,135                              133,136

3. Advisory Resolution on  Executive

Compensation                                99.09                             174,420,221                           1,593,176

Following the Meeting, the Board of Directors selected Tobias Lütke 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 the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up, and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces and physical retail locations. The platform also provides merchants with a powerful back-office and a single view of their business. The Shopify platform was engineered for reliability and scale, making enterprise-level technology available to businesses of all sizes. Shopify currently powers hundreds of thousands of businesses in approximately 175 countries and is trusted by brands such as Tesla, Nestle, GE, Red Bull, Kylie Cosmetics, and many more.

SOURCE: Shopify

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