Shopify Announces Results of its 2018 Annual Meeting of Shareholders

Shopify Inc. (NYSE:SHOP)(TSX:SHOP) (“Shopify” or the “Company”), the leading cloud-based, multi-channel commerce platform, 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. Shareholders approved the amendment and restatement of the Company’s Stock Option Plan and the Company’s Long Term Option Plan and approved all unallocated options under the Stock Option Plan, as amended, and all unallocated awards under the Long Term Option Plan, as amended, all as further described in the Company’s management information circular dated April 18, 2018 (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

for

% of

Votes for

Votes

Withheld

% of

Votes Withheld

        
        
        
      
      
        
          Tobias Lütke
        
        
        
        
          185,500,290
        
        
        
        
          99.72%
        
        
        
        
          515,696
        
        
        
        
          0.28%
        
        
        
      
      
        
          Robert Ashe
        
        
        
        
          184,687,273
        
        
        
        
          99.29%
        
        
        
        
          1,328,713
        
        
        
        
          0.71%
        
        
        
      
      
        
          Steven Collins
        
        
        
        
          185,760,639
        
        
        
        
          99.86%
        
        
        
        
          255,347
        
        
        
        
          0.14%
        
        
        
      
      
        
          Gail Goodman
        
        
        
        
          184,812,207
        
        
        
        
          99.35%
        
        
        
        
          1,203,779
        
        
        
        
          0.65%
        
        
        
      
      
        
          Jeremy Levine
        
        
        
        
          185,211,826
        
        
        
        
          99.57%
        
        
        
        
          804,159
        
        
        
        
          0.43%
        
        
        
      
      
        
          John Phillips
        
        
        
        
          183,924,490
        
        
        
        
          98.88%
        
        
        
        
          2,091,496
        
        
        
        
          1.12%
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
    
    

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 show of hands. Proxies were received as follows:

Votes

for

% of

Votes for

Votes

Withheld

% of

Votes Withheld

        
        
        
      
      
        
          199,416,526
        
        
        
        
          99.78%
        
        
        
        
          438,461
        
        
        
        
          0.22%
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
    
    

3. Approval of Amended and Restated Stock Option Plan

The Company’s amended and restated Stock Option Plan and all unallocated options under the Stock Option Plan, as amended, were approved pursuant to a vote conducted by ballot. The votes were cast as follows:

Votes

for

% of

Votes for

Votes

Against

% of

Votes Against

        
        
        
      
      
        
          159,345,863
        
        
        
        
          85.66%
        
        
        
        
          26,670,122
        
        
        
        
          14.34%
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
    
    

4. Approval of Amended and Restated Long Term Incentive Plan

The Company’s amended and restated Long Term Incentive Plan and all unallocated awards under the Long Term Incentive Plan, as amended, were approved pursuant to a vote conducted by ballot. The votes were cast as follows:

Votes

for

% of

Votes for

Votes

Against

% of

Votes Against

        
        
        
      
      
        
          157,031,620
        
        
        
        
          84.42%
        
        
        
        
          28,984,364
        
        
        
        
          15.58%
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
    
    

5. 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

for

% of

Votes for

Votes

Against

% of

Votes Against

        
        
        
      
      
        
          176,321,810
        
        
        
        
          94.79%
        
        
        
        
          9,694,175
        
        
        
        
          5.21%
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
    
    

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. Merchants can use the software to design, set up, and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces, brick-and-mortar locations, and pop-up shops. 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. Headquartered in Ottawa, Canada, Shopify currently powers over 600,000 businesses in approximately 175 countries and is trusted by brands such as Red Bull, Nestle, Rebecca Minkoff, Kylie Cosmetics, and many more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180530006464/en/

Shopify Inc.INVESTORS:Katie KeitaDirector, Investor [e-mail]:Sheryl SoPublic Relations Manager416-238-6705 x [e-mail]