EX-99.2 3 d21756dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

ALGOMA STEEL GROUP INC.

(the “Company”)

Annual General Meeting of Shareholders

Held on June 24, 2025

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 2025 Annual General Meeting of Shareholders of the Company held virtually on June 24, 2025. 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 May 1, 2025, 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:

 

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

Mary Anne Bueschkens

      63,288,046        97.505 %      1,619,736        2.495 % 

Sean Donnelly

      63,618,650        98.014 %      1,289,132        1.986 % 

Michael Garcia

      63,619,558        98.015 %      1,288,224        1.985 % 

James Gouin

      63,618,100        98.013 %      1,289,682        1.987 % 

Andy Harshaw

      63,514,669        97.854 %      1,393,113        2.146 % 

Sanjay Nakra

      63,563,641        97.929 %      1,344,141        2.071 % 

Melinda J. Newman

      63,512,570        97.850 %      1,395,212        2.150 % 

Eric S. Rosenfeld

      62,962,411        97.003 %      1,945,371        2.997 % 

Gale Rubenstein

      63,480,639        97.801 %      1,427,143        2.199 % 

David D. Sgro

      59,221,098        91.239 %      5,686,684        8.761 % 

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     # Votes      % Votes  

# Votes For

    For     Withheld      Withheld  

73,260,620

      99.862 %      101,428        0.138 % 

 

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 May 1, 2025, was approved, with the outcome of the vote being as follows:

 

     % Votes     # Votes      % Votes  

# Votes For

    For     Against      Against  

62,305,187

      95.990 %      2,602,596        4.010 % 

 

Dated this 24th day of June, 2025.
ALGOMA STEEL GROUP INC.
By:  

`/s/ Rajat Marwah

  Name: Rajat Marwah
  Title: Chief Financial Officer