Algoma Central Corporation Announces Results of 2020 Annual General Meeting of Shareholders

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May 07, 2020 09:07 am
ST. CATHARINES, Ontario -- 

Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading supplier of marine transportation services, held its Annual General Meeting of Shareholders (the “Meeting”) on May 6, 2020. 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 7, 2020, available online at www.algonet.com/investor-relations and on www.sedar.com.

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 85% of shares voted.

Nominee

 

Outcome

 

Votes For

   

Votes Withheld

 

Total

Richard B. Carty

 

Elected

 

31,428,526

   

397,780

 

31,826,306

Paul Gurtler

 

Elected

 

31,689,539

   

136,767

 

31,826,306

E.M. Blake Hutcheson

 

Elected

 

31,727,323

   

98,983

 

31,826,306

Duncan N.R. Jackman

 

Elected

 

31,698,790

   

127,516

 

31,826,306

Mark McQueen

 

Elected

 

31,727,899

   

98,407

 

31,826,306

Clive P. Rowe

 

Elected

 

31,718,503

   

107,803

 

31,826,306

Harold S. Stephen

 

Elected

 

31,715,988

   

110,318

 

31,826,306

Eric Stevenson

 

Elected

 

31,722,779

   

103,527

 

31,826,306

2. Appointment of Auditors

Professional accounting firm Deloitte LLP was appointed as independent auditors of the Company.

Outcome

 

Votes For

   

Votes Withheld

 

Total

Approved

 

31,975,893

   

28,601

 

32,004,494

About Algoma Central Corporation

Algoma owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes – St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers, cement carriers and product tankers. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which owns and operates a diversified portfolio of dry-bulk fleets serving customers internationally.

Gregg A. Ruhl
President & CEO
905-687-7890

Peter D. Winkley CPA, CA
Chief Financial Officer
905-687-7897

Or visit
www.algonet.com

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