Algoma Steel shareholders back board and pay plan
Algoma Steel Group Inc. reported routine results from its June 23, 2026 annual shareholder meeting.
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Rhea-AI Filing Summary
Algoma Steel Group Inc. reported routine results from its June 23, 2026 annual shareholder meeting. All director nominees listed in the management information circular were elected, each receiving more than 97% of votes cast, indicating strong support for the existing board.
Shareholders approved the appointment of Deloitte LLP as auditor for the 2026 calendar year by an overwhelming majority. They also backed the non-binding advisory resolution on executive compensation, with approximately 98.3% of votes cast in favor, signaling broad shareholder support for the company’s current pay practices.
Key Figures
Key Terms
non-binding advisory resolution financial
electric arc furnace (EAF) steelmaking technical
forward-looking statements regulatory
Annual Information Form regulatory
say on pay financial
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2026
Commission File Number 001-40924
ALGOMA STEEL GROUP INC.
(Exact name of Registrant as specified in its charter)
N/A
(Translation of Registrant’s name into English)
105 West Street
Sault Ste. Marie, Ontario
P6A 7B4, Canada
(705) 945-2351
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☐ Form 40-F ☒
EXHIBIT INDEX
| Exhibit Number | Description | |
| 99.1 | Press release dated June 23, 2026. | |
| 99.2 | Voting Results of Annual General Meeting. | |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Algoma Steel Group Inc. | ||||
| Date: June 23, 2026 | By: | /s/ John Naccarato | ||
| Name: John Naccarato | ||||
| Title: Vice President Strategy and Chief Legal Officer | ||||
3
Exhibit 99.1
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MEDIA RELEASE
June 23, 2026
Algoma Steel Group Inc. Announces Results of Voting at
Annual Meeting of Shareholders
SAULT STE. MARIE, ONTARIO (June 23, 2026) – Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of steel plate and hot rolled sheet products, announced today the results of voting at its annual meeting of shareholders (the “Meeting”) held on June 23, 2026.
All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as directors of the Company. The Company received proxies and virtual votes at the Meeting as set out below:
| Nominee | Votes For | Votes Withheld | Total Votes | |||
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Mary Anne Bueschkens |
58,484,340 | 1,366,700 | 59,851,040 | |||
|
Sean Donnelly |
59,757,894 | 93,146 | 59,851,040 | |||
|
James Gouin |
59,671,815 | 179,225 | 59,851,040 | |||
|
Andy Harshaw |
59,657,639 | 193,401 | 59,851,040 | |||
|
Rajat Marwah |
59,749,097 | 101,943 | 59,851,040 | |||
|
Sanjay Nakra |
59,630,116 | 220,924 | 59,851,040 | |||
|
Melinda J. Newman |
59,645,639 | 205,401 | 59,851,040 | |||
|
Eric S. Rosenfeld |
59,634,076 | 216,964 | 59,851,040 | |||
|
Gale Rubenstein |
59,633,108 | 217,932 | 59,851,040 | |||
The Company reports that the appointment of Deloitte LLP as the Company’s auditors for the 2026 calendar year was passed by a majority of the votes represented at the Meeting.
The Company also reports that the non-binding advisory resolution on executive compensation, outlined in the management information circular dated April 30, 2026, was approved at the Meeting. The circular is available on SEDAR+ and the Securities and Exchange Commission’s (“SEC”) EDGAR website.
The Company’s full report of voting results on matters presented at the Meeting can be found under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the SEC’s EDGAR website at www.sec.gov.
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Cautionary Statement Regarding Forward-Looking Statements
This news release contains “forward-looking information” under applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”), including statements regarding Algoma’s transition to electric arc furnace (EAF) steelmaking, the Company’s expected reduction in carbon emissions following completion of the EAF project, Algoma’s future as a leading producer of green steel, Algoma’s modernization of its plate mill facilities, transformation journey, ability to deliver greater and long-term value, ability to offer North America a secure steel supply and a sustainable future, and investment in its people and processes. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “design,” “pipeline,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. Readers should also consider the other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Information” in Algoma’s Annual Information Form, filed by Algoma with applicable Canadian securities regulatory authorities (available under the company’s SEDAR+ profile at www.sedarplus.ca) and with the SEC, as part of Algoma’s Annual Report on Form 40-F (available at www.sec.gov), as well as in Algoma’s current reports with the Canadian securities regulatory authorities and SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Algoma assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
About Algoma Steel
Based in Sault Ste. Marie, Ontario, Algoma is a leading Canadian producer of high-quality plate and sheet steel products, proudly supporting critical sectors including energy, defense, automotive, shipbuilding, and infrastructure. Guided by a purpose to build better lives and a greener future, Algoma is shaping the next generation of sustainable steelmaking in Canada.
With the transition to electric arc furnace (EAF) steelmaking and a modernized plate mill, Algoma is redefining how steel is made in Canada. Powered by Ontario’s clean electricity grid, this transformation represents one of the largest industrial decarbonization initiatives in North America and is expected to reduce carbon emissions by approximately 70% once fully transitioned. These advancements provide stability for continued investment in diversification projects aligned with Canada’s evolving needs.
This new chapter also introduces Volta™, the brand for all steel produced through Algoma’s EAF technology. Volta delivers the same trusted performance customers rely on, with significantly lower emissions—produced safely, sustainably, and proudly in Canada.
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Building on more than a century of steelmaking expertise, Algoma continues to invest in its people, processes, and technologies to strengthen domestic supply chains and deliver responsible, Canadian-made steel that helps build a better tomorrow.
For more information, please contact:
Michael Moraca
Chief Financial Officer
Algoma Steel Group Inc.
Phone: 705.945.3300
E-mail: IR@algoma.com
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Exhibit 99.2
ALGOMA STEEL GROUP INC
ANNUAL MEETING OF SHAREHOLDERS
HELD ON JUNE 23, 2026
| REPORT ON BALLOT FOR RESOLUTION 1 | ||||
| MARY ANNE BUESCHKENS AS DIRECTOR | ||||
| TOTAL SHARES CAST FOR: |
58,484,340
|
( 97.716%)
| ||
| TOTAL SHARES CAST WITHHOLD: |
1,366,700 | ( 2.284%) | ||
| REPORT ON BALLOT FOR RESOLUTION 1 | ||||
| JAMES GOUIN AS DIRECTOR | ||||
| TOTAL SHARES CAST FOR: |
59,671,815
|
( 99.701%)
| ||
| TOTAL SHARES CAST WITHHOLD: |
179,225 | ( 0.299%) | ||
| REPORT ON BALLOT FOR RESOLUTION 1 | ||||
| RAJAT MARWAH AS DIRECTOR | ||||
| TOTAL SHARES CAST FOR: |
59,749,097
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( 99.830%)
| ||
| TOTAL SHARES CAST WITHHOLD: |
101,943 | ( 0.170%) | ||
| REPORT ON BALLOT FOR RESOLUTION 1 | ||||
| MELINDA J. NEWMAN AS DIRECTOR | ||||
| TOTAL SHARES CAST FOR: |
59,645,639
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( 99.657%)
| ||
| TOTAL SHARES CAST WITHHOLD: |
205,401 | ( 0.343%) | ||
| REPORT ON BALLOT FOR RESOLUTION 1 | ||||
| GALE RUBENSTEIN AS DIRECTOR | ||||
| TOTAL SHARES CAST FOR: |
59,633,108
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( 99.636%)
| ||
| TOTAL SHARES CAST WITHHOLD: |
217,932 | ( 0.364%) | ||
| REPORT ON BALLOT FOR RESOLUTION 3 | ||||
| “SAY ON PAY” ADVISORY RESOLUTION | ||||
| TOTAL SHARES CAST FOR: |
58,828,272
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( 98.291%)
| ||
| TOTAL SHARES CAST AGAINST: |
1,022,768
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( 1.709%)
| ||
| REPORT ON BALLOT FOR RESOLUTION 1 | ||||
| SEAN DONNELLY AS DIRECTOR | ||||
| TOTAL SHARES CAST FOR: |
59,757,894
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( 99.844%)
| ||
| TOTAL SHARES CAST WITHHOLD: |
93,146 | ( 0.156%) | ||
| REPORT ON BALLOT FOR RESOLUTION 1 | ||||
| ANDY HARSHAW AS DIRECTOR | ||||
| TOTAL SHARES CAST FOR: |
59,657,639
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( 99.677%)
| ||
| TOTAL SHARES CAST WITHHOLD: |
193,401 | ( 0.323%) | ||
| REPORT ON BALLOT FOR RESOLUTION 1 | ||||
| SANJAY NAKRA AS DIRECTOR | ||||
| TOTAL SHARES CAST FOR: |
59,630,116
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( 99.631%)
| ||
| TOTAL SHARES CAST WITHHOLD: |
220,924 | ( 0.369%) | ||
| REPORT ON BALLOT FOR RESOLUTION 1 | ||||
| ERIC S. ROSENFELD AS DIRECTOR | ||||
| TOTAL SHARES CAST FOR: |
59,634,076
|
( 99.637%)
| ||
| TOTAL SHARES CAST WITHHOLD: |
216,964 | ( 0.363%) | ||
| REPORT ON BALLOT FOR RESOLUTION 2 | ||||
| APPOINTMENT OF AUDITOR | ||||
| TOTAL SHARES CAST FOR: |
66,068,246
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( 99.787%)
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| TOTAL SHARES CAST WITHHOLD: |
140,774 | ( 0.213%) | ||
| “ Rebecca Prentice ” |
| Scrutineer |