Voting Results from Russel Metals' 2025 Annual Meeting
Voting Outcomes from Russel Metals' 2025 Annual Meeting
Russel Metals Inc. (RUS: TSX) recently shared the outcomes from its annual meeting of shareholdersheld on a significant date. A total of 34,713,455 common shares were represented either in person or by proxy, reflecting a strong participation rate of 60.91% from the 56,985,355 issued shares at the meeting's record date.
Shareholders overwhelmingly supported the election of director nominees, showcasing a unified vision for the company's leadership. The voting breakdown for each nominee reveals strong endorsements, indicating confidence in Russel Metals' strategic direction.
Director Nominee Election Results
Here are the voting results for nominees during the meeting:
M. Elyse Allan
Votes For: 33,894,646 (99.29%)
Votes Against: 242,150 (0.71%)
Stewart C. Burton
Votes For: 33,948,212 (99.45%)
Votes Against: 188,585 (0.55%)
John M. Clark
Votes For: 33,213,980 (97.30%)
Votes Against: 922,816 (2.70%)
James F. Dinning
Votes For: 32,513,868 (95.25%)
Votes Against: 1,622,928 (4.75%)
Brian R. Hedges
Votes For: 33,556,223 (98.30%)
Votes Against: 580,574 (1.70%)
Cynthia Johnston
Votes For: 33,892,773 (99.29%)
Votes Against: 244,024 (0.71%)
Roger D. Paiva
Votes For: 30,200,835 (88.47%)
Votes Against: 3,935,962 (11.53%)
John G. Reid
Votes For: 33,631,159 (98.52%)
Votes Against: 505,638 (1.48%)
Annie Thabet
Votes For: 33,935,727 (99.41%)
Votes Against: 201,070 (0.59%)
Advisory Resolution Outcomes
In addition to the election of directors, the advisory 'say on pay' resolution received overwhelming support, with 79.38% of shareholders voting in favor. This reflects strong confidence in the executive compensation strategy and the company's commitment to aligning interests with its stakeholders.
Moreover, the resolution to appoint KPMG LLP as auditors was also approved, ensuring the integrity and transparency of the company’s financial reporting. This approval comes at a time when good governance is crucial for fostering trust amongst stakeholders.
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. The company operates through three main segments: metals service centers, energy field stores, and steel distributors. With an extensive range of products including carbon hot rolled and cold finished steel, tubular products, stainless steel, aluminum, and non-ferrous specialty metals, Russel Metals serves numerous industries. The company's energy field stores offer specialized products tailored to the needs of energy industry customers, while its steel distributors sell steel in bulk to other centers and manufacturers.
For more information or inquiries, you may contact Russel Metals' Investor Relations Line.
Frequently Asked Questions
What were the main outcomes of the Russel Metals meeting?
The meeting resulted in the successful election of all director nominees, approval for the advisory 'say on pay' resolution, and the appointment of KPMG LLP as auditors.
How many shares were represented at the meeting?
A total of 34,713,455 common shares were represented, which is 60.91% of the issued shares.
What percentage of votes supported the ‘say on pay’ resolution?
The ‘say on pay’ resolution received 79.38% support from the shareholders.
Who are the key nominees elected during the meeting?
Key nominees elected included M. Elyse Allan, Stewart C. Burton, and Annie Thabet among others.
What business segments does Russel Metals operate in?
Russel Metals operates in metals service centers, energy field stores, and steel distribution segments.
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