Algoma Steel Announces Results of Voting at Annual Meeting of Shareholders

Core Points - Algoma Steel Group Inc. held its virtual annual meeting of shareholders on September 24, 2024, where all nominees for the board of directors were elected [1] - The appointment of Deloitte LLP as the Company's auditors for the 2024 fiscal year was approved by a majority of votes at the meeting [2] - A non-binding advisory resolution on executive compensation was also approved by a majority of votes [3] Voting Results - Mary Anne Bueschkens received 62,437,350 votes for and 77,698 votes withheld, totaling 62,515,048 votes [2] - Sean Donnelly received 62,484,960 votes for and 30,088 votes withheld, totaling 62,515,048 votes [2] - Eric S. Rosenfeld received 59,574,000 votes for and 2,941,048 votes withheld, totaling 62,515,048 votes [2] Company Overview - Algoma is a fully integrated producer of hot and cold rolled steel products, including sheet and plate, based in Sault Ste. Marie, Ontario, Canada [5] - The company aims to deliver customer-driven product solutions across various sectors, including automotive, construction, energy, defense, and manufacturing [5] - Algoma is the only producer of discrete plate products in Canada and operates one of the lowest-cost producers of hot rolled sheet steel in North America [5] Transformation and Sustainability - Algoma is modernizing its plate mill and adopting electric arc technology to lower carbon emissions significantly [6] - The company is committed to becoming one of North America's leading producers of green steel, focusing on recycling and environmental stewardship [6] - Algoma emphasizes its role as a key supplier of steel products in North America, ensuring a secure steel supply and a sustainable future [6]