Algoma central corporation announces results of 2021 annual general and special meeting of shareholders
St. catharines, ontario--(business wire)--algoma central corporation (“algoma” or the “company”) (tsx:alc), a leading supplier of marine transportation services, held its annual general and special meeting of shareholders (the “meeting”) on may 5, 2021. 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 february 25, 2021, 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 31,807,954 179,712 31,987,666 paul gurtler elected 31,895,097 92,569 31,987,666 e.m. blake hutcheson elected 31,928,763 58,903 31,987,666 duncan n.r. jackman elected 31,821,114 166,552 31,987,666 trinity o. jackman elected 31,857,212 130,454 31,987,666 mark mcqueen elected 31,928,736 58,930 31,987,666 clive p. rowe elected 31,915,481 72,185 31,987,666 harold s. stephen elected 31,913,236 74,430 31,987,666 eric stevenson elected 31,915,744 71,922 31,987,666 2. appointment of auditors professional accounting firm deloitte llp was appointed as independent auditors of the company. outcome votes for votes withheld total approved 31,968,441 38,350 32,006,791 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 5, 2024 was approved. outcome votes for votes against total approved 30,547,029 1,440,637 31,987,666 4. amendments to the company’s general by-law the amendments to sections 7.01 and 7.05 of general by-law no. 1 of the company was approved. outcome votes for votes against total approved 31,899,744 87,922 31,987,666 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.
