BRP Inc. β 6-K Filing
6-K filed on April 22, 2026
π’ What This Document Is
This is BRP Inc.'s official notice and guide for its 2026 Annual Meeting of Shareholders. It's a 6-K filing with the SEC, which means the company is reporting a significant event to investors.
π In simple terms, this package tells shareholders what the meeting is about, what they'll vote on, and exactly how to participate since it's happening entirely online. Think of it as your official invitation and instruction manual for the company's yearly big event.
π’ About BRP Inc.
BRP Inc. (ticker: DOO on the TSX) is a global leader in powersports, marine, and engine products. They make fun, recreational vehicles like Sea-Doo watercraft, Can-Am off-road vehicles and roadsters, Ski-Doo and Lynx snowmobiles, and Rotax engines.
π The company is navigating a leadership transition after 22 years under former CEO JosΓ© Boisjoli, with Pierre Beaudoin now Chair and Denis Le Vot as the new CEO. They recently launched strategic plans called "Mission 28" and a sustainability program "Beyond the Ride."
π Meeting Key Details
- When: May 28, 2026, at 11:00 a.m. Eastern Time.
- Where: 100% Virtual. It's a live webcast only; no in-person attendance. Shareholders can attend, ask questions, and vote online.
- Record Date: April 16, 2026. You must have been a shareholder by this date to vote.
π Why it matters: The fully virtual format is designed to allow more shareholders to participate from anywhere in the world, regardless of their location.
π³οΈ The 5 Things Shareholders Will Vote On
At the meeting, shareholders will be asked to take action on these items:
- Review Financials: Receive the audited financial statements for the fiscal year ended January 31, 2026.
- Elect Directors: Vote to elect the 12 director nominees named in the circular. This includes new CEO Denis Le Vot standing for election for the first time.
- Appoint Auditors: Appoint PricewaterhouseCoopers LLP (PwC) as the new independent auditor for the upcoming year and authorize the board to set their pay.
- Executive Compensation: Vote on an advisory, non-binding resolution on the company's approach to executive pay (often called "Say-on-Pay").
- Other Business: Handle any other proper business that may come up.
π₯ Who Owns the Votes? (Major Shareholders)
BRP has two classes of shares with different voting power:
- Subordinate Voting Shares (SVS): 1 vote per share. ~38.9 million shares outstanding.
- Multiple Voting Shares (MVS): 6 votes per share. ~34.8 million shares outstanding.
π This structure gives founding families and early investors disproportionate control. As of April 16, 2026, the key players are:
| Owner | Multiple Voting Shares | Subordinate Voting Shares | Total Voting Power |
|---|---|---|---|
| Beaudier Group (Beaudoin family) | 37.3% | β | 31.5% |
| 4338618 (Bombardier family) | 25.0% | β | 21.1% |
| Bain Group (Private Equity) | 23.8% | β | 20.1% |
| La Caisse (Pension Fund) | 13.8% | 2.6% | 11.7% |
Contact for Questions:
- Investor Relations Email: [email protected]
- Corporate Secretary Email: [email protected]
π How to Attend & Vote (The Mechanics)
Since it's virtual, the process is digital.
To Attend Online:
- Go to:
https://meetings.lumiconnect.com/400-802-611-699 - Use the latest Chrome, Safari, Edge, or Firefox browser.
- Use your control number from your proxy form and the password
brp2026. - Deadline to register a proxyholder: 11:00 a.m. ET on May 26, 2026.
To Vote:
- In Advance: By mail, phone, or online using the instructions on your proxy/voting form.
- During the Meeting: Log in as a registered shareholder or appointed proxyholder to vote live when polls open.
π Critical Step for Non-Registered Holders (e.g., you own shares via a broker): If you want to vote and ask questions, you must appoint yourself as proxyholder by filling out your voting form AND register online with Computershare by the May 26 deadline. Otherwise, you can only attend as a guest (listen-only).
How to Request a Paper Copy of Materials:
- 15-digit control number: Call Computershare: 1-866-962-0498 (NA) or (514) 982-8716.
- 16-digit control number: Call Broadridge: 1-877-907-7643.
- Request Deadline for paper copy (to get it before the meeting): May 14, 2026.
- After the meeting: Contact BRP Investor Relations at 450-532-6462.
π Critical Deadlines
| Date | Action |
|---|---|
| April 16, 2026 | Record Date - Must be a shareholder by this date to vote. |
| May 14, 2026 | Deadline to request a paper copy of proxy materials in advance. |
| May 26, 2026 @ 11:00 a.m. ET | FINAL DEADLINE to: 1) Submit your proxy, 2) Register your proxyholder, 3) Submit questions in advance. |
| May 28, 2026 @ 11:00 a.m. ET | Annual Meeting of Shareholders (live webcast). |
π§ The Analogy
Think of this like a major league sports team's annual fan meeting held on a streaming platform. The team ownership (the Bain & Bombardier families) has a lot of voting shares. To have a say, you need to register your ticket (your shares) ahead of time. If you bought your ticket through a third-party (a broker), you have to jump through an extra hoop to prove you're the real owner so you can vote on team trades (directors, auditors) and ask the coach (CEO) questions live. If you don't, you can still watch the stream, but you can't participate.
π§© Final Takeaway
This filing is a logistical roadmap for BRP's 2026 shareholder meeting. The key takeaways are: vote on 12 directors and the new auditor (PwC), understand the dual-class share structure that concentrates control with a few families, and follow the precise digital steps to participateβthe virtual format makes it accessible, but you must meet the strict May 26th deadline to register and vote.