6-K

 

 

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

 

3


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

 

4

EX-99.1

Exhibit 99.1

 

LOGO

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


2

 

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

EX-99.2

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 51-102Continuous 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