RUSSEL METALS ANNOUNCES 2025 ANNUAL MEETING VOTING RESULTS

Russel Metals (RUS: TSX) held its 2025 annual meeting of shareholders on May 7, 2025, with 60.91% of outstanding shares represented.

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Russel Metals (RUS: TSX) held its 2025 annual meeting of shareholders on May 7, 2025, with 60.91% of outstanding shares represented. All nine director nominees were successfully elected with strong approval ratings, ranging from 88.47% to 99.45%. The company's "say on pay" resolution received 79.38% approval, and KPMG LLP was confirmed as auditors.

Russel Metals operates as one of North America's largest metals distribution companies, focusing on three segments: metals service centers, energy field stores, and steel distributors. The company specializes in various metal products including carbon steel, pipe products, stainless steel, and aluminum.

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TORONTO, May 8, 2025 /PRNewswire/ - Russel Metals Inc. (RUS: TSX) announces voting results from its 2025 annual meeting of shareholders held on May 7, 2025.  A total of 34,713,455 common shares were represented at the meeting in person or by proxy, representing 60.91% of the 56,985,355 issued and outstanding common shares as of the record date on March 3, 2025.

Shareholders voted in favour of the election of each nominee director as follows:

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 %

The Company's advisory "say on pay" resolution was also approved with 79.38% of the votes cast in favour of the resolution.  In addition, the resolution appointing KPMG LLP as auditors of the Company was approved.

About Russel Metals Inc.

Russel Metals is one of the largest metals distribution companies in North America, with a growing focus on value added processing.  It carries on business in three segments: metals service centers, energy field stores and steel distributors.  Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.  Its energy filed stores carry a specialized product line focused on the needs of energy industry customers.  Its steel distributors act as master distributors selling steel in large volumes to other steel service centers and large equipment manufacturers mainly on an "as is" basis.

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Website:  www.russelmetals.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were the voting results for Russel Metals' 2025 annual meeting?

At the 2025 annual meeting, all nine director nominees were elected with approval ratings between 88.47% and 99.45%. The 'say on pay' resolution received 79.38% approval, and KPMG LLP was confirmed as auditors.

What percentage of Russel Metals (RUSMF) shares were represented at the 2025 annual meeting?

A total of 34,713,455 common shares were represented at the meeting, accounting for 60.91% of the 56,985,355 issued and outstanding shares.

Who received the highest and lowest approval ratings among Russel Metals' director nominees?

Stewart C. Burton received the highest approval at 99.45%, while Roger D. Paiva received the lowest approval at 88.47%.

What are the main business segments of Russel Metals?

Russel Metals operates in three main segments: metals service centers, energy field stores, and steel distributors.