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 2024
Commission File Number 001-40924
ALGOMA STEEL GROUP INC.
(Exact name of Registrant as specified in its charter)
N/A
(Translation of Registrants 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 September 24, 2024. | |
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: September 24, 2024 | By: | /s/ John Naccarato | ||||
Name: John Naccarato | ||||||
Title: Vice President Strategy and Chief Legal Officer |
3
Exhibit 99.1
MEDIA RELEASE
September 24, 2024
Algoma Steel Announces Results of Voting at
Annual Meeting of Shareholders
SAULT STE. MARIE, ONTARIO (September 24, 2024) 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 24, 2024 (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 |
62,437,350 | 77,698 | 62,515,048 | |||||||||
Sean Donnelly |
62,484,960 | 30,088 | 62,515,048 | |||||||||
Michael Garcia |
62,484,660 | 30,388 | 62,515,048 | |||||||||
James Gouin |
62,484,600 | 30,448 | 62,515,048 | |||||||||
Andy Harshaw |
62,484,775 | 30,273 | 62,515,048 | |||||||||
Ave G. Lethbridge |
62,480,374 | 34,674 | 62,515,048 | |||||||||
Sanjay Nakra |
62,436,847 | 78,201 | 62,515,048 | |||||||||
Eric S. Rosenfeld |
59,574,000 | 2,941,048 | 62,515,048 | |||||||||
Gale Rubenstein |
62,148,862 | 366,186 | 62,515,048 | |||||||||
David D. Sgro |
62,301,432 | 213,616 | 62,515,048 |
The Company reports that the appointment of Deloitte LLP as the Companys auditors for the 2024 fiscal 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 August 1, 2024, was approved by a majority of votes at the Meeting. The circular is available on SEDAR+ and the Securities and Exchange Commissions (SEC) EDGAR website.
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
The Companys full report of voting results on matters presented at the Meeting can be found under the Companys profile on SEDAR+ at www.sedarplus.ca and on the SECs EDGAR website at www.sec.gov.
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 Algomas transition to electric arc furnace (EAF) steelmaking, Algomas future as a leading producer of green steel, Algomas 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 Algomas Annual Information Form, filed by Algoma with applicable Canadian securities regulatory authorities (available under the companys SEDAR+ profile at www.sedarplus.com) and with the SEC, as part of Algomas Annual Report on Form 40-F (available at www.sec.gov), as well as in Algomas 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 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. Driven by a purpose to build better lives and a greener future, Algoma is positioned to deliver responsive, customer-driven product solutions to applications in the automotive, construction, energy, defense, and manufacturing sectors. Algoma is a key supplier of steel products to customers in North America and is the only producer of discrete plate products in Canada. Its state-of-the-art Direct Strip Production Complex (DSPC) is one of the lowest-cost producers of hot rolled sheet steel (HRC) in North America.
Algoma is on a transformation journey, modernizing its plate mill and adopting electric arc technology that builds on the strong principles of recycling and environmental stewardship to significantly lower carbon emissions. Today Algoma is investing in its people and processes, working safely, as a team to become one of North Americas leading producers of green steel.
As a founding industry in their community, Algoma is drawing on the best of its rich steelmaking tradition to deliver greater value, offering North America the comfort of a secure steel supply and a sustainable future as your partner in steel.
For more information, please contact:
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
Michael Moraca
Vice President Corporate Development and Treasurer
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 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 Companys 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 Companys approach to executive compensation, the full text of which is set out in Companys 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 |