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HAMILTON, ON, June 4, 2019 /CNW/ -
Stelco Holdings Inc. ("Stelco"
or the "Company"), (TSX: STLC) today
announced the voting results from the election of the Company's
board of directors ("Board") at its annual and special
meeting ("Meeting") of shareholders ("Shareholders")
held today.
The eight (8) candidates nominated for election to the Board,
and listed in the Company's Management Information Circular, dated
May 1, 2019, were elected by a
majority of the votes cast by Shareholders present or represented
by proxy at the Meeting. Each director elected will continue to
hold office until the next annual meeting of Shareholders or until
the director resigns or a successor is elected or appointed. The
voting results are as follows:
|
Nominee
|
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
|
Jeffrey
Bunder
|
67,115,466
|
89.50%
|
7,875,450
|
10.50%
|
|
Michael Dees
|
67,704,623
|
90.28%
|
7,286,293
|
9.72%
|
|
Alan
Goldberg
|
70,942,822
|
94.60%
|
4,048,094
|
5.40%
|
|
Alan
Kestenbaum
|
71,600,927
|
95.48%
|
3,389,989
|
4.52%
|
|
Jacob Lew
|
70,663,213
|
94.23%
|
4,327,703
|
5.77%
|
|
Michael
Mueller
|
74,746,824
|
99.67%
|
244,092
|
0.33%
|
|
Heather Ross
|
74,450,284
|
99.28%
|
540,632
|
0.72%
|
|
Indira
Samarasekera
|
74,736,429
|
99.66%
|
254,487
|
0.34%
|
Shareholders of the Company also voted in favour of a resolution
to re-appoint KPMG LLP as the auditors of the Company, to hold
office until the next annual meeting of Shareholders. In addition,
a special resolution to approve a reduction in the stated capital
account of the Company's common shares to $500 million, or such lesser reduction as may be
determined by the Board, without any payment or distribution to
Shareholders, was approved by a special majority of the votes cast
by Shareholders.
A final report on voting results has been filed with the
Canadian securities regulatory authorities and is available under
the Company's SEDAR profile at www.sedar.com
About Stelco
Stelco is a low cost, integrated and independent steelmaker with
one of the newest and most technologically advanced integrated
steelmaking facilities in North
America. Stelco produces flat-rolled value-added steels,
including premium-quality coated, cold-rolled and hot-rolled steel
products. With first-rate gauge, crown, and shape control, as well
as reliable uniformity of mechanical properties, our steel products
are supplied to customers in the construction, automotive and
energy industries across Canada
and the United States as well as
to a variety of steel services centres, which are regional
distributers of steel products.
SOURCE Stelco