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RUSSEL METALS ANNOUNCES 2024 ANNUAL MEETING VOTING RESULTS

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Russel Metals Inc. (TSX: RUS) released the voting results of its 2024 annual meeting, with a majority of shares represented. Shareholders voted for the election of all nominee directors, with high percentages in favor of each. The advisory 'say on pay' resolution and the appointment of KPMG LLP as auditors were also approved. Russel Metals Inc. is a prominent metals distribution company in North America, focusing on value-added processing across three business segments.

Positive
  • High shareholder turnout at 2024 annual meeting with 57.56% of common shares represented

  • Approval of all nominee directors with significant vote percentages in favor

  • Successful passing of advisory 'say on pay' resolution with 76.64% votes in favor

  • Appointment of KPMG LLP as auditors of the Company was approved

  • Russel Metals Inc. is a major metals distribution company in North America with a focus on value-added processing

Negative
  • None.

TORONTO, May 3, 2024 /PRNewswire/ - 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.

If you would like to unsubscribe from receiving Press Releases, you may do so by emailing subscriber@russelmetals.com; or by calling our Investor Relations Line: 905-816-5178.

Cision View original content:https://www.prnewswire.com/news-releases/russel-metals-announces-2024-annual-meeting-voting-results-302135632.html

SOURCE Russel Metals Inc.

RUSSEL METALS INC

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