Russel Metals Reports 2025 Annual Meeting Voting Results with Shareholder Support
Russel Metals Inc. 2025 Annual Meeting Voting Results
On May 7, 2025, Russel Metals Inc. (TSX: RUS) convened its annual meeting of shareholders, unveiling the outcomes of a significant voting process. The meeting, which saw attendance from shareholders representing a substantial number of common shares, highlighted robust support for its board of directors and other resolutions.
A total of 34,713,455 common shares were accounted for at the meeting, which is 60.91% of the 56,985,355 outstanding shares as of the record date of March 3, 2025. The turnout reflects a keen interest among shareholders in the governance and strategic direction of the company.
Election of Directors
The election results for the nominees put forth were overwhelmingly favorable:
| Nominee | Votes For | Percentage For | Votes Against | Percentage Against |
|---|---|---|---|---|
| ----- | ---- | ---- | ---- | ---- |
| M. Elyse Allan | 33,894,646 | 99.29% | 242,150 | 0.71% |
| Stewart C. Burton | 33,948,212 | 99.45% | 188,585 | 0.55% |
| John M. Clark | 33,213,980 | 97.30% | 922,816 | 2.70% |
| James F. Dinning | 32,513,868 | 95.25% | 1,622,928 | 4.75% |
| Brian R. Hedges | 33,556,223 | 98.30% | 580,574 | 1.70% |
| Cynthia Johnston | 33,892,773 | 99.29% | 244,024 | 0.71% |
| Roger D. Paiva | 30,200,835 | 88.47% | 3,935,962 | 11.53% |
| John G. Reid | 33,631,159 | 98.52% | 505,638 | 1.48% |
| Annie Thabet | 33,935,727 | 99.41% | 201,070 | 0.59% |
These results underscore a high level of confidence among shareholders in the leadership of the company, with all listed nominees receiving substantial support.
Advisory Say on Pay Resolution
Moreover, the advisory resolution regarding the company's "say on pay" garnered approval with 79.38% of the votes in favor, clarifying shareholder support for the company's compensation practices. In another notable resolution, the company reaffirmed its choice of KPMG LLP as auditors.
About Russel Metals Inc.
Russel Metals stands as one of North America’s dominant metals distribution companies, showcasing an evolving focus on value-added processing. The company operates in three main segments: metals service centers, energy field stores, and steel distribution. It offers a diverse range of metal products, including carbon hot-rolled and cold-finished steel, pipes, stainless steel, aluminum, and various non-ferrous specialty metals through its metals service centers. Its energy field stores cater specifically to the needs of the energy sector, while its steel distributors function as master distributors, providing large quantities to other service centers and equipment manufacturers primarily on an "as is" basis.
This annual meeting not only displays shareholders' engagement in corporate governance but also highlights the positive reception towards ongoing company strategies aimed at enhancing shareholder value and maintaining operational excellence. As Russel Metals continues to navigate the evolving landscape of the metals industry, such strong backing from its shareholders is invaluable for its future initiatives and growth trajectories.
Topics General Business）
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