ST. CATHARINES, Ontario--(BUSINESS WIRE)--Algoma Central Corporation (TSX:ALC), held its Annual General and Special Meeting of Shareholders (the “Meeting”) on May 1, 2024. Each of the matters set out below were voted upon at the Meeting and are described in greater detail in the Company’s Management Information Circular dated March 8, 2024, available online at www.algonet.com/investor-relations and www.sedarplus.ca.
1. Election of Directors
All nominees listed in the Management Information Circular were elected as directors until the next annual general meeting of shareholders with the support of 75.65% of shares voted.
Nominee |
Outcome |
Votes For |
Votes Against |
Total |
Mats H. Berglund |
Elected |
29,784,545 |
74,869 |
29,859,414 |
Richard B. Carty |
Elected |
29,733,870 |
125,543 |
29,859,413 |
Jens GrØnning |
Elected |
29,785,312 |
74,102 |
29,859,414 |
E.M. Blake Hutcheson |
Elected |
29,790,682 |
68,732 |
29,859,414 |
Duncan N.R. Jackman |
Elected |
29,728,867 |
130,546 |
29,859,413 |
Trinity O. Jackman |
Elected |
29,686,137 |
173,277 |
29,859,414 |
Mark McQueen |
Elected |
29,790,466 |
68,948 |
29,859,414 |
Clive P. Rowe |
Elected |
29,741,072 |
117,532 |
29,858,604 |
Gregg A. Ruhl |
Elected |
29,824,473 |
34,941 |
29,859,414 |
Eric Stevenson |
Elected |
29,797,693 |
61,721 |
29,859,414 |
2. Appointment of Auditors
Professional accounting firm Deloitte LLP was appointed as independent auditors of the Company.
Outcome |
Votes For |
Votes Withheld |
Total |
|
Approved |
29,833,642 |
59,809 |
29,893,451 |
3. Continuation of the Company’s Stock Option Plan
The continuation of the Company's stock option plan and authorization of the grant of all currently available option entitlements issuable thereunder until May 1, 2027 was approved.
Outcome |
Votes For |
Votes Against |
Total |
|
Approved |
29,013,761 |
845,652 |
29,859,413 |
About Algoma Central Corporation
Algoma Central Corporation is a global provider of marine transportation that owns and operates dry and liquid bulk carriers, serving markets throughout the Great Lakes - St. Lawrence Seaway and internationally. Algoma is aiming to reach a carbon emissions reduction target of 40% by 2030 and net zero by 2050 across all business units with fuel efficient vessels, innovative technology, and alternate fuels. Algoma truly is Your Marine Carrier of Choice™. Learn more at www.algonet.com.
