Alamos Gold Announces Results of the Annual General and Special Meeting of Shareholders

Rhea-AI Summary

Alamos Gold (TSX:AGI; NYSE:AGI) held its Annual General and Special Meeting of Shareholders virtually on May 23, 2024, reporting significant shareholder engagement with 78.26% of shares voted. All nine nominee directors were elected, including John A. McCluskey who received 99.58% of votes in favor. KPMG LLP was appointed as the auditor with 98.12% approval. The proposal to increase the Board size from 10 to 12 directors passed with 98.76% support. Additionally, the non-binding resolution on executive compensation was approved with 98.40% votes in favor.

Positive

• High shareholder participation with 78.26% of shares voted.
• All nine directors, including CEO John A. McCluskey, elected with strong support.
• Approval of KPMG LLP as auditors with 98.12% votes in favor.
• Amendment to increase Board size passed with overwhelming support (98.76%).
• Executive compensation approach approved with 98.40% votes in favor.

Negative

• David Fleck received the lowest support among directors with 76.51% votes.
• A small minority (1.88%) voted against KPMG LLP as auditors.
• 1.24% of votes were against the amendment to increase Board size.
• 1.60% of votes opposed the executive compensation approach.

All amounts are in United States dollars, unless otherwise stated.

TORONTO, May 24, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported a summary of the voting results of its Annual General and Special Meeting of Shareholders (the “Meeting”).

Results of the Meeting

The Company is reporting the voting results of its Meeting held virtually on Thursday, May 23, 2024. The summary of the results are as follows:

Total Shares Voted: 311,400,921

Total Shares Issued and Outstanding: 397,904,654

Total Percentage of Shares Voted: 78.26%

1. Election of Directors

Each of the nominee directors listed in Alamos’ management proxy circular dated April 1, 2024 was elected as a director as set forth in the table below:

Name of Nominee	Vote For	%	Withheld Vote	%
Elaine Ellingham	248,281,346	88.46	32,373,578	11.54
David Fleck	214,737,807	76.51	65,917,118	23.49
David Gower	250,982,116	89.43	29,672,810	10.57
Claire M. Kennedy	276,690,714	98.59	3,964,211	1.41
John A. McCluskey	279,466,659	99.58	1,188,266	0.42
Monique Mercier	276,809,925	98.63	3,845,000	1.37
Paul J. Murphy	276,558,586	98.54	4,096,340	1.46
J. Robert S. Prichard	278,448,750	99.21	2,206,175	0.79
Shaun Usmar	279,335,396	99.53	1,319,529	0.47

2. Appointment and Compensation of Auditors

KPMG LLP was appointed as the Company’s auditor and the directors were authorized to fix the auditor’s remuneration.

	Vote For	%	Withheld Vote	%
KPMG LLP	305,534,843	98.12	5,866,078	1.88

3. Amendment to Articles of Incorporation

The resolution approving an amendment to the Company’s articles of incorporation to increase the permitted size of the Board of Directors from ten (10) to twelve (12) directors was passed.

	Vote For	%	Vote Against	%
Articles of Incorporation Amendment	307,541,514	98.76	3,859,400	1.24

4. Approval of Approach to Executive Compensation

The non-binding advisory resolution approving the Company’s approach to Executive Compensation was passed.

	Vote For	%	Vote Against	%
Executive Compensation	276,150,864	98.40	4,504,059	1.60

About Alamos

Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 1,900 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Scott K. Parsons
Senior Vice President, Investor Relations
(416) 368-9932 x 5439

Cautionary Note

The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

FAQ

What were the results of Alamos Gold's 2024 Annual General Meeting?

The meeting reported high participation, with 78.26% of shares voted. All directors were elected, KPMG LLP was appointed as auditors, the Board size increase was approved, and executive compensation was endorsed.

How many shares were voted in Alamos Gold's 2024 shareholder meeting?

A total of 311,400,921 shares were voted, representing 78.26% of the issued and outstanding shares.

What percentage of votes did John A. McCluskey receive in the 2024 director election?

John A. McCluskey received 99.58% of votes in favor.

Was the amendment to increase Alamos Gold's Board size approved?

Yes, the amendment to increase the Board size to 12 directors was approved with 98.76% votes in favor.

What were the voting results for the appointment of KPMG LLP as Alamos Gold's auditors?

KPMG LLP was appointed as the auditor with 98.12% votes in favor.

Did shareholders approve Alamos Gold's executive compensation approach in 2024?

Yes, the executive compensation approach was approved with 98.40% votes in favor.

Which director received the lowest support in Alamos Gold's 2024 election?

David Fleck received the lowest support, with 76.51% of votes in favor.