GOEASY LTD. NOTICE OF 2022 ANNUAL GENERAL AND SPECIAL
MEETING OF SHAREHOLDERS AND
MANAGEMENT INFORMATION CIRCULAR
ANNUAL MEETING MAY 12, 2022
goeasy Ltd.
Notice of Annual General and Special Meeting of Shareholders
Notice is hereby given that the annual general and special meeting of the holders of common shares of goeasy Ltd. (the "Corporation") will be held at the Pearce Bunting & Barbara Stymiest Halls at the TMX Market Centre located at 120 Adelaide Street West, Toronto, Ontario M5H 1S3.
WHEN
Thursday, May 12, 2022 11:00 a.m. (Toronto time)
BUSINESS OF THE MEETING
At the meeting, shareholders will be asked to:
(a) Receive the Corporation's audited comparative consolidated financial statements as at and for the financial year ended December 31, 2021 and the auditors' report thereon;
(b) Elect directors;
(c) Re-appoint auditors and authorize the Board of Directors to fix their remuneration;
(d) Consider and, if thought advisable, to pass with or without variation, a resolution in the form of Schedule A to the accompanying Management Information Circular approving the amendment of the Corporation's existing share option plan (the "Share Option Plan"), allowing for a cashless exercise feature;
(e) Consider and, if thought advisable, to pass with or without variation, a special resolution in the form of Schedule B to the accompanying Management Information Circular, approving articles of amendment of the Corporation to increase the maximum number of Directors of the Corporation to twelve (12), and
(f) Transact such other business as may properly come before the meeting or any adjournment thereof.
Where to get a copy of the management information circular?
If you are a registered shareholder or you have already given us instructions to send you printed documents, your management information circular is attached to this notice.
If you are a beneficial shareholder, the circular is available online instead of by mail according to a set of rules developed by the Canadian Securities Administrators called notice and access. You can download the circular athttps://docs.tsxtrust.com/2291, on SEDAR(sedar.com), or on our website(investors.goeasy.com/).
If you prefer to have a paper copy, contact us by calling or emailing TSX Trust Company and we will send you one, free of charge:
Call: Email:
1-866-600-5869tsxtis@tmx.com
(Please add 'goeasy 2022 MIC' on the subject line.)
The specific details of the foregoing matters to be put before the meeting are set forth in the Management Information Circular accompanying this Notice of Meeting.
Shareholders are invited to attend the meeting. Registered shareholders who are unable to attend the meeting are requested to complete, date and sign the enclosed form of proxy and send it in the enclosed envelope to TSX Trust Company, 100 Adelaide Street West, Suite 301, Toronto, Ontario M5H 4H1, or submit by fax to 416-595-9593 or internet atwww.voteproxyonline.com. Non-registered shareholders who receive these materials through their broker or other intermediary should complete and send the form of proxy in accordance with the instructions provided by their broker or intermediary. To be effective, a proxy must be received by TSX Trust Company not later than 11:00 a.m. (Toronto Time) on May 10, 2022 or in the case of any adjournment of the Meeting, not less than 48 hours, Saturdays, Sundays, and holidays excepted, prior to the adjournment time.
By order of the Board of DirectorsDavid Ingram, Executive Chairman Mississauga, Ontario, Canada
March 23, 2022
MANAGEMENT INFORMATION CIRCULAR
TABLE OF CONTENTS
VOTING SHARES .................................................................................................................................................................. 5
VOTING SHARES ....................................................................................................................................................................... 5
RECORD DATE .......................................................................................................................................................................... 5
PRINCIPAL SHAREHOLDERS ...................................................................................................................................................... 5
MATTERS TO BE ACTED UPON AT THE MEETING .................................................................................................................. 6
PRESENTATION OF FINANCIAL STATEMENTS .......................................................................................................................... 6
ELECTION OF DIRECTORS ......................................................................................................................................................... 6
REAPPOINTMENT AND REMUNERATION OF AUDITORS ......................................................................................................... 7
APPROVAL OF AN AMENDMENT TO THE SHARE OPTION PLAN .............................................................................................. 7
APPROVAL OF THE SPECIAL RESOLUTION APPROVING ARTICLES OF AMENDMENT INCREASING THE MAXIMUM NUMBER
OF DIRECTORS OF THE CORPORATION ............................................................................................................................. 8
ABOUT THE NOMINATED DIRECTORS .................................................................................................................................. 9
STATEMENT OF CORPORATE GOVERNANCE PRACTICES .................................................................................................... 13
BOARD MANDATE .................................................................................................................................................................. 13
INDEPENDENT DIRECTORS ..................................................................................................................................................... 14
THE BOARD CHAIRMAN ......................................................................................................................................................... 14
POSITION DESCRIPTIONS ....................................................................................................................................................... 14
AUDIT COMMITTEE ................................................................................................................................................................ 14
CORPORATE GOVERNANCE, NOMINATING AND RISK COMMITTEE ...................................................................................... 15
HUMAN RESOURCES COMMITTEE ......................................................................................................................................... 15
COMMITTEE COMPOSITION .................................................................................................................................................. 16
ORIENTATION AND CONTINUING EDUCATION ...................................................................................................................... 17
ETHICAL BUSINESS CONDUCT ................................................................................................................................................ 17
REPRESENTATION OF WOMEN ON THE BOARD AND IN EXECUTIVE OFFICER POSITIONS .................................................... 18
ASSESSMENTS ........................................................................................................................................................................ 18
IN CAMERA SESSIONS ............................................................................................................................................................ 18
MEETINGS AND DIRECTORS' ATTENDANCE ........................................................................................................................... 18
COMPENSATION OF DIRECTORS ........................................................................................................................................ 20
PHILOSOPHY AND OBJECTIVES .............................................................................................................................................. 20
COMPENSATION OF DIRECTORS ............................................................................................................................................ 20
DIRECTORS' COMPENSATION TABLE ..................................................................................................................................... 22
INCENTIVE PLAN AWARDS ..................................................................................................................................................... 23
EXECUTIVE COMPENSATION .............................................................................................................................................. 24
COMPENSATION DISCUSSION AND ANALYSIS ....................................................................................................................... 24
EXECUTIVE COMPENSATION ELEMENTS ................................................................................................................................ 27
SUMMARY COMPENSATION TABLE AND SHARE OWNERSHIP .............................................................................................. 30
INCENTIVE PLAN AWARDS ..................................................................................................................................................... 37
TERMINATION AND CHANGE OF CONTROL BENEFITS/EMPLOYMENT AND CONSULTING CONTRACTS ............................... 39
STOCK PERFORMANCE GRAPH .............................................................................................................................................. 43
EQUITY-BASED AND OTHER COMPENSATION PLANS ......................................................................................................... 44
SHARE OPTION PLAN ............................................................................................................................................................. 44
EXECUTIVE SHARE UNIT PLAN ............................................................................................................................................... 46
DEFERRED SHARE UNIT PLAN ................................................................................................................................................ 49
OTHER INFORMATION ....................................................................................................................................................... 52
DIRECTORS' AND OFFICERS' LIABILITY INSURANCE ............................................................................................................... 52
INDEBTEDNESS OF DIRECTORS AND EXECUTIVE OFFICERS ................................................................................................... 52
AVAILABLE INFORMATION AND APPROVAL ...................................................................................................................... 53
AVAILABLE INFORMATION ..................................................................................................................................................... 53
DIRECTORS' APPROVAL .......................................................................................................................................................... 53
SCHEDULE A RESOLUTION APPROVING THE AMENDMENT OF THE THE SHARE OPTION PLAN OF GOEASY LTD. (THE
"CORPORATION") ......................................................................................................................................................... 54
SCHEDULE B SPECIAL RESOLUTION APPROVING ARTICLES OF AMENDMENT INCREASING THE MAXIMUM NUMBER OF
DIRECTORS OF GOEASY LTD. (THE "CORPORATION") ................................................................................................... 55
APPENDIX A BOARD OF DIRECTORS MANDATE ................................................................................................................. 56
APPENDIX B AUDIT COMMITTEE MANDATE ...................................................................................................................... 63
APPENDIX C CORPORATE GOVERNANCE, NOMINATING AND RISK COMMITTEE MANDATE .............................................. 68
APPENDIX D HUMAN RESOURCES COMMITTEE MANDATE ................................................................................................ 72
PROXIES
SOLICITATION OF PROXIES
This Management Information Circular (the "Circular") is furnished in connection with the solicitation, by or on behalf of the management of goeasy Ltd. (the "Corporation"), of proxies to be used at the Corporation's annual general and special meeting of the holders of common shares (the "Common Shares") to be held on May 12, 2022 (the "Meeting") or at any adjournment thereof. It is expected that the solicitation will be primarily by mail, but proxies may also be solicited personally, by advertisement or by telephone, by directors, officers, or employees of the Corporation without special compensation, or by the Corporation's transfer agent, TSX Trust Company, at nominal cost. Pursuant to National Instrument 54-101, the Corporation is sending proxy-related materials directly to non-objecting beneficial owners. To objecting beneficial owners, through their intermediaries, the Corporation is sending proxy-related materials including voting instructions for intermediaries. The cost of soliciting will be borne by the Corporation.
APPOINTMENT OF PROXYHOLDER
The person(s) designated by management of the Corporation in the enclosed form of proxy are directors or officers of the Corporation. Each shareholder has the right to appoint as proxyholder a person or company (who need not be a shareholder of the Corporation) other than the person(s) or company(ies) designated by management of the Corporation in the enclosed form of proxy to attend and act on the shareholder's behalf at the Meeting or at any adjournment thereof. Such right may be exercised by inserting the name of the person or company in the blank space provided in the enclosed form of proxy or by completing another form of proxy.
In the case of registered shareholders, the completed, dated, and signed form of proxy should be sent in the enclosed envelope to TSX Trust Company, 100 Adelaide Street West, Suite 301, Toronto, Ontario M5H 4H1 or submit by fax to 416-595-9593 or internet atwww.voteproxyonline.com. In the case of non-registered shareholders who receive these materials through their broker or other intermediary, the shareholder should complete and send the form of proxy in accordance with the instructions provided by their broker or other intermediary. To be effective, a proxy must be received by TSX Trust Company not later than 11:00 a.m. (Toronto Time) on May 10, 2022 or in the case of any adjournment of the Meeting, not less than 48 hours, Saturdays, Sundays, and holidays excepted, prior to the adjournment time.
REVOCATION OF PROXY
A shareholder who has given a proxy may revoke it by depositing an instrument in writing signed by the shareholder or by the shareholder's attorney, who is authorized in writing, or by transmitting, by telephonic or electronic means, a revocation signed by electronic signature by the shareholder or the shareholder's attorney, who is authorized in writing, to or at the registered office of the Corporation at any time up to and including the last business day preceding the day of the Meeting, or in the case of any adjournment of the Meeting, the last business day preceding the day of the adjournment, or with the Chair of the Meeting on the day of, and prior to the start of, the Meeting or any adjournment thereof. A shareholder may also revoke a proxy in any other manner permitted by law.
VOTING OF PROXIES
On any ballot that may be called for, the Common Shares represented by a properly executed proxy given in favour of the person(s) designated by management of the Corporation in the enclosed form of proxy will be voted or withheld from voting in accordance with the instructions given on the ballot, and if the shareholder specifies a choice with respect to any matter to be acted upon, the Common Shares will be voted accordingly.
goeasy Ltd. Management Information Circular 4
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Disclaimer
goeasy Ltd. published this content on 25 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2022 14:29:00 UTC.
