TORONTO, May 4, 2016 /CNW/ - Russel Metals Inc. (RUS -
TSX) announced voting results from its 2016 annual meeting of
shareholders held on May 3,
2016. A total of 34,515,866 common shares were represented at
the meeting in person or by proxy, representing 55.94% of the
61,702,560 issued and outstanding common shares as of the record
date on March 24, 2016.
Shareholders voted in favour of the election of each nominee
director by a substantial majority as follows:
Nominee
|
Votes For
|
Percentage For
|
Votes
Withheld
|
Percentage
Withheld
|
Alain
Benedetti
|
34,138,574
|
99.72%
|
95,441
|
0.28%
|
|
John M.
Clark
|
34,089,681
|
99.58%
|
144,334
|
0.42%
|
|
James F.
Dinning
|
32,912,912
|
96.14%
|
1,321,103
|
3.86%
|
|
John A.
Hanna
|
34,094,244
|
99.59%
|
139,771
|
0.41%
|
|
Brian R.
Hedges
|
34,149,359
|
99.75%
|
84,656
|
0.25%
|
|
Barbara S.
Jeremiah
|
34,119,557
|
99.67%
|
114,458
|
0.33%
|
|
Alice D.
Laberge
|
32,902,950
|
96.11%
|
1,331,065
|
3.89%
|
|
Lise
Lachapelle
|
32,862,694
|
95.99%
|
1,371,321
|
4.01%
|
|
William
M.O'Reilly
|
34,110,685
|
99.64%
|
123,330
|
0.36%
|
|
John R.
Tulloch
|
34,108,735
|
99.63%
|
125,280
|
0.37%
|
|
The Company's advisory "say on pay" resolution was
overwhelmingly approved with 99% of the votes cast in favour of the
resolution. In addition the resolution appointing Deloitte LLP as
auditors of the Company was approved.
Russel Metals is one of the largest metals distribution
companies in North America. It carries on business in three
metals distribution segments: metals service centers, energy
products and steel distributors, under various names including
Russel Metals, A.J. Forsyth, Acier
Leroux, Acier Loubier, Alberta Industrial Metals, Apex
Distribution, Apex Monarch, Apex Remington, Apex Western
Fiberglass, Arrow Steel Processors, B&T Steel, Baldwin
International, Comco Pipe and Supply, Fedmet Tubulars, JMS Russel
Metals, Leroux Steel, McCabe Steel, Mégantic Métal, Métaux Russel,
Métaux Russel Produits Spécialisés, Milspec, Norton Metals, Pioneer
Pipe, Russel Metals Processing, Russel Metals Specialty Products,
Russel Metals Williams Bahcall, Spartan Energy Tubulars, Sunbelt
Group, Triumph Tubular & Supply, Wirth
Steel and York-Ennis.
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SOURCE Russel Metals Inc.