Algoma Steel Group Inc 6-K, filed Sep 21, 2022
Algoma Steel Group Inc. (ASTL)
About this 6-K
Algoma Steel Group Inc filed this 6-K on September 21, 2022.
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 September 2022
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)
105 West Street
Sault Ste. Marie, Ontario
P6A 7B4, Canada
(705) 945-2351
(Address and telephone number of registrant’s 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 ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
INCORPORATION BY REFERENCE
Exhibits 99.1 and 99.2 of this Form 6-K are incorporated by reference into the Registration Statement on Form S-8 (Commission File No. 333-264063) of the Registrant, Algoma Steel Group Inc.
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DOCUMENTS INCLUDED AS PART OF THIS REPORT
| Exhibit | ||
| 99.1 | Press Release dated September 20, 2022 | |
| 99.2 | Report of Voting Results | |
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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: September 20, 2022 | By: | /s/ John Naccarato | ||||
| Name: John Naccarato | ||||||
| Title: Vice President Strategy and General Counsel | ||||||
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Exhibit 99.1
MEDIA RELEASE
September 20, 2022
Algoma Steel Announces Results of Voting at
Annual Meeting of Shareholders
SAULT STE. MARIE, ONTARIO (September 20, 2022) – Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today the results of voting at its virtual annual meeting of shareholders held on September 20, 2022 (the “Meeting”).
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
|
|||||||||
|
Mary Anne Bueschkens |
54,807,492 | 186,310 | 54,993,802 | |||||||||
|
James Gouin |
54,947,852 | 45,951 | 54,993,803 | |||||||||
|
Andy Harshaw |
53,999,596 | 994,207 | 54,993,803 | |||||||||
|
Michael McQuade |
54,712,168 | 281,635 | 54,993,803 | |||||||||
|
Brian Pratt |
54,947,097 | 46,706 | 54,993,803 | |||||||||
|
Eric S. Rosenfeld |
52,875,489 | 2,118,314 | 54,993,803 | |||||||||
|
Gale Rubenstein |
54,805,557 | 188,245 | 54,993,802 | |||||||||
|
Andrew Schultz |
54,682,446 | 311,357 | 54,993,803 | |||||||||
|
David D. Sgro |
54,768,866 | 224,937 | 54,993,803 | |||||||||
|
Michael Garcia |
54,950,282 | 43,520 | 54,993,802 | |||||||||
|
Ave G. Lethbridge |
54,949,804 | 43,999 | 54,993,803 | |||||||||
|
Sanjay Nakra |
54,947,721 | 46,081 | 54,993,802 | |||||||||
The Company also reports that the appointment of Deloitte LLP as the Company’s auditors for the 2022 fiscal year was passed by a majority of the votes represented at the Meeting.
Algoma Steel Inc. | 105 West Street, Sault Ste. Marie, ON, Canada P6A 7B4 | T: 705-945-2351 F: 705-945-2203 | algoma.com
YOUR PARTNER IN STEEL. SINCE 1901
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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.sedar.com and on the Securities and Exchange Commission’s EDGAR website at www.sec.gov.
About Algoma Steel Group Inc.
Based in Sault Ste. Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate. With a current raw steel production capacity of an estimated 2.8 million tons per year, Algoma’s size and diverse capabilities enable it to deliver responsive, customer-driven product solutions straight from the ladle to direct applications in the automotive, construction, energy, defense, and manufacturing sectors. Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada. The Company’s mill is one of the lowest cost producers of hot rolled sheet steel (HRC) in North America owing in part to its state-of-the-art Direct Strip Production Complex (“DSPC”), which is the newest thin slab caster in North America with direct coupling to a basic oxygen furnace (BOF) melt shop.
Algoma has achieved several meaningful improvements over the last several years that are expected to result in enhanced long-term profitability for the business. Algoma has upgraded its DSPC facility and recently installed its No. 2 Ladle Metallurgy Furnace. Additionally, the Company has cost cutting initiatives underway and is in the process of modernizing its plate mill facilities.
Today Algoma is on a transformation journey, investing in its people and processes, optimizing and modernizing to secure a sustainable future. Our customer focus, growing capability and courage to meet the industry’s challenges head-on position us firmly as your partner in steel.
For more information, please contact:
Michael Moraca
Treasurer & Investor Relations Officer
Algoma Steel Group Inc.
Phone: 705.945.3300
E-mail: IR@algoma.com
Algoma Steel Inc. | 105 West Street, Sault Ste. Marie, ON, Canada P6A 7B4 | T: 705-945-2351 F: 705-945-2203 | algoma.com
YOUR PARTNER IN STEEL. SINCE 1901
Exhibit 99.2
ALGOMA STEEL GROUP INC.
(the “Company”)
Annual General Meeting of Shareholders
Held on September 20, 2022
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 2022 Annual General Meeting of Shareholders of the Company held virtually on September 20, 2022. 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 5, 2022, which is available on SEDAR at www.sedar.com 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 |
54,807,492 | 99.66% | 186,310 | 0.34% | ||||
| James Gouin |
54,947,852 | 99.92% | 45,951 | 0.08% | ||||
| Andy Harshaw |
53,999,596 | 98.19% | 994,207 | 1.81% | ||||
| Michael McQuade |
54,712,168 | 99.49% | 281,635 | 0.51% | ||||
| Brian Pratt |
54,947,097 | 99.92% | 46,706 | 0.08% | ||||
| Eric S. Rosenfeld |
52,875,489 | 96.15% | 2,118,314 | 3.85% | ||||
| Gale Rubenstein |
54,805,557 | 99.66% | 188,245 | 0.34% | ||||
| Andrew Schultz |
54,682,446 | 99.43% | 311,357 | 0.57% | ||||
| David D. Sgro |
54,768,866 | 99.59% | 224,937 | 0.41% | ||||
| Michael Garcia |
54,950,282 | 99.92% | 43,520 | 0.08% | ||||
| Ave G. Lethbridge |
54,949,804 | 99.92% | 43,999 | 0.08% | ||||
| Sanjay Nakra |
54,947,721 | 99.92% | 46,081 | 0.08% | ||||
| 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 | |||
|
69,788,563 |
99.99% | 9,797 | 0.01% | |||
Dated this 20th day of September, 2022.
ALGOMA STEEL GROUP INC.
| By: |
“Rajat Marwah” | |
| Name: Rajat Marwah | ||
| Title: Chief Financial Officer |