EX-99.2 3 d872210dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

ALGOMA STEEL GROUP INC.

(the “Company”)

Annual General Meeting of Shareholders

Held on September 24, 2024

REPORT OF VOTING RESULTS

Pursuant to section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations, this report describes the matters decided at the 2024 Annual General Meeting of Shareholders of the Company held virtually on September 24, 2024. All matters voted upon at the Annual General Meeting of Shareholders of the Company were voted upon by proxy or virtually at the meeting. Full details of the matters are set out in the Company’s management information circular dated August 1, 2024, which is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.

 

1.

ELECTION OF DIRECTORS

Each of the following individuals were elected as directors of the Company for a term expiring at the conclusion of the next annual meeting of shareholders of the Company, or until their successors are elected or appointed. The voting results were as follows:

 

Nominee

    Votes For      % of Votes
For		     Votes
Withheld		      % of Votes
Withheld		  

Mary Anne Bueschkens

      62,437,350        99.875 %      77,698        0.124 % 

Sean Donnelly

      62,484,960        99.951 %      30,088        0.048 % 

Michael Garcia

      62,484,660        99.951 %      30,388        0.049 % 

James Gouin

      62,484,600        99.951 %      30,448        0.049 % 

Andy Harshaw

      62,484,775        99.952 %      30,273        0.048 % 

Ave G. Lethbridge

      62,480,374        99.945 %      34,674        0.056 % 

Sanjay Nakra

      62,436,847        99.875 %      78,201        0.125 % 

Eric S. Rosenfeld

      59,574,000        95.295 %      2,941,048        4.705 % 

Gale Rubenstein

      62,148,862        99.414 %      366,186        0.586 % 

David D. Sgro

      62,301,432        99.658 %      213,616        0.342 % 

2.

APPOINTMENT OF AUDITOR

Deloitte LLP was appointed as the auditor of the Company until the next annual meeting of the shareholders of the Company or until its successor is appointed and the directors of the Company were authorized to fix the remuneration of such auditor. The voting results were as follows:

 

# Votes For

    %
Votes
For		     # Votes
Withheld		      % Votes
Withheld		  

70,858,109

      99.962 %      26,915        0.038 % 

 

3.

ADVISORY VOTE ON APPROACH TO EXECUTIVE COMPENSATION

A non-binding advisory resolution on the Company’s approach to executive compensation, the full text of which is set out in Company’s management information circular dated August 1, 2024, was approved, with the outcome of the vote being as follows:

 

# Votes For

    %
Votes
For		     # Votes
Against		      % Votes
Against		  

61,368,191

      98.165 %      1,146,857        1.835 % 

Dated this 24th day of September, 2024.

 

ALGOMA STEEL GROUP INC.
By:  

/s/ Rajat Marwah

  Name: Rajat Marwah
  Title: Chief Financial Officer