TORONTO, May 3, 2024
/CNW/ - Russel Metals Inc. (TSX: RUS) announces voting results
from its 2024 annual meeting of shareholders held on May 2, 2024. A total of 34,731,229 common
shares were represented at the meeting in person or by proxy,
representing 57.56% of the 60,344,026 issued and outstanding common
shares as of the record date on March 13,
2024.
Shareholders voted in favour of the election of each nominee
director as follows:
Nominee
|
Votes
For
|
Percentage
For
|
Votes
Against
|
Percentage
Against
|
M. Elyse
Allan
|
34,427,766
|
|
99.61 %
|
135,652
|
|
0.39 %
|
Stewart C.
Burton
|
34,360,405
|
|
99.41 %
|
203,013
|
|
0.59 %
|
John M.
Clark
|
32,909,564
|
|
95.22 %
|
1,653,853
|
|
4.78 %
|
James F.
Dinning
|
31,814,669
|
|
92.05 %
|
2,748,748
|
|
7.95 %
|
Brian R.
Hedges
|
31,778,371
|
|
91.94 %
|
2,785,046
|
|
8.06 %
|
Cynthia
Johnston
|
33,687,676
|
|
97.47 %
|
875,742
|
|
2.53 %
|
Alice D.
Laberge
|
32,670,299
|
|
94.52 %
|
1,893,118
|
|
5.48 %
|
Roger D.
Paiva
|
34,135,356
|
|
98.76 %
|
428,062
|
|
1.24 %
|
John G. Reid
|
33,496,728
|
|
96.91 %
|
1,066,690
|
|
3.09 %
|
Annie Thabet
|
33,411,068
|
|
96.67 %
|
1,152,350
|
|
3.33 %
|
The Company's advisory "say on pay" resolution was also approved
with 76.64% of the votes cast in favour of the resolution. In
addition, the resolution appointing KPMG LLP as auditors of the
Company was approved.
About Russel Metals Inc.
Russel Metals is one of the largest metals distribution
companies in North America with a
growing focus on value-added processing. It carries on
business in three segments: metals service centers, energy field
stores and steel distributors. Its network of metals service
centers carries an extensive line of metal products in a wide range
of sizes, shapes and specifications, including carbon hot rolled
and cold finished steel, pipe and tubular products, stainless
steel, aluminum and other non-ferrous specialty metals. Its
energy field stores carry a specialized product line focused on the
needs of energy industry customers. Its steel distributors
operations act as master distributors selling steel in large
volumes to other steel service centers and large equipment
manufacturers mainly on an "as is" basis.
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SOURCE Russel Metals Inc.