Hello and welcome to the annual meeting of shareholders of Stelco Holdings Inc. Please note that today's meeting is being recorded. If you participate in today's meeting and disclose personal information, you'll be deemed to consent to the recording, transfer, and use of same. If you disclose personal information of another person in today's meeting, you'll be deemed to represent and warrant to Computershare and the company that you first obtained all required consents for the disclosure, recording, transfer, and use of such personal information from all appropriate persons before your disclosure. At the end of the meeting, we'll have a question- and- answer session. You can submit questions or comments at any time by clicking on the Q&A tab on the virtual interface. It is now my pleasure to turn today's meeting over to Mr. Alan Kestenbaum, the Executive Chairman and Chief Executive Officer of Stelco. The floor is yours. Good morning and welcome to the annual general meeting of shareholders of Stelco Holdings Inc. My name is Alan Kestenbaum, and I am the Executive Chairman and Chief Executive Officer of the company. I would like to begin with the formal part of the meeting. For purposes of the live webcast and for those attending the meeting today, I'll set out a few rules for the orderly conduct of the meeting. Questions in respect of a motion can be submitted by any registered shareholder or duly appointed proxyholder using the instant messaging feature of the virtual interface. If you are representing an entity which is a shareholder, please provide the name of the shareholder that you represent and confirm that you are or that entity is a registered shareholder or a duly appointed proxyholder. Any general questions will be addressed during the question period at the end of the meeting, and I request that you hold any general questions till that time. Questions regarding procedural matters that directly related to motions before the meeting will be addressed at the appropriate time. I will act as Chairman of the meeting. I would like to introduce Paul Simon, General Counsel and Corporate Secretary of the company, who will act as Secretary of the meeting. I would now like to introduce the director nominees that are in attendance today. Monty Baker, Michael Dees, Elizabeth DelBianco, Michael Mueller, Heather Ross, Indira Samarasekera, and Daryl Wilson, and I thank them for their attendance. In addition, Phil Collins, representative from our auditor KPMG LLP, is also participating in the meeting today. Computershare Investor Services, to which representative Louise Waltenbury has been appointed to act as scrutineer of today's meeting. The meeting will now come to order. The secretary has deposited with me a statutory declaration establishing the mailing of the notice and time and place of the meeting, the form of the proxy and the management information circular dated May 8th, 2024, to each shareholder entitled to vote at the meeting and each director and to the company's auditor. The notice calling this meeting requires that shareholders attending to vote by proxy must have deposited their proxies with Computershare Investor Services prior to Thursday, June 21st, 2024 at 10 A.M. The proxies so deposited are now in the custody of the scrutineer. The company's bylaws state that a quorum at a shareholders meeting is met if two or more shareholders are present and together hold or will represent by proxy not less than 15% of the votes entitled to be cast at the meeting. I've received the scrutineer's report, which shows that a total of 55 shareholders are either present at the meeting or represented by proxy and represent in aggregate 36,573,818 shares, or roughly 66.54% of the outstanding shares which are entitled to vote, to be voted at the meeting. The scrutineer has also confirmed the attendance, and I can confirm that a quorum is present. Scrutineer's report will be kept with the records of the meeting. Notice of the meeting has been given as required, and a quorum being present, I declare that the meeting has been regularly called and is properly constituted for the transaction of business. In order to have the meeting proceed efficiently, certain individuals have been asked to move and second motions, which are to be called for. Only registered shareholders or duly appointed proxyholders are entitled to participate in the formal part of the meeting. When addressing the meeting, please give your name for the record to the meeting and advise whether you are a shareholder or proxyholder. There are three items of business set out in the notice of the meeting. They are to receive the financial statements of the company for the year ended December 31st, 2023, and the report of the auditor thereon. Two, to elect the directors of the company for the ensuing year. Three, to reappoint KPMG LLP as the auditor of the company for the ensuing year and to authorize the directors to fix the auditor's remuneration. All votes today will be conducted by ballot. Shareholders and duly appointed proxy holders attending virtually and who have logged into the meeting using their control number and invitation code are able to vote on each matter until voting is closed. You'll be able to see on the screen all motions being brought forth at this meeting and can vote online by clicking, as appropriate, at the top of the screen and completing the ballot. Please note that if you have already voted by proxy for the meeting, you do not vote again during the online voting unless you wish to change your vote. Voting online will revoke your previously submitted proxy. Once voting is closed, your online ballot will automatically be submitted. The votes of all shareholders who have deposited proxies with the management representatives will be cast as per the instructions of shareholders by the persons designated on the proxies. Where no choice is specified, votes will be cast for the resolutions to be dealt with at today's meetings. First item of business concerns the 2023 consolidated financial statements of the company. The consolidated financial statements were mailed to requesting shareholders and electronic copies have been made available on the meeting platform, on the company's website, and on SEDAR+. On behalf of the directors we are now pleased to put before the meeting the consolidated financial statements of the company and the report of the auditor thereon for the year ended December 31st, 2023. It is now proposed to the shareholders to approve the consolidated statements. The next item of business is the election of directors. The directors have set the size of the board at eight directors elected annually and, unless re-elected, retire from office at the end of the next annual meeting of shareholders. Details about the individuals being nominated for director are found in the management information circular for the meeting in the proxy forms and voting instruction forms. Shareholders were asked to vote individually for each of the nominees. I understand that Aidan Hyde has a motion to make in this regard. Would Mr. Hyde please present his nominations. Mr. Chairman, my name is Aidan Hyde, and I'm a duly appointed proxy holder of the company. I nominate Monty Baker, Michael Dees, Elizabeth DelBianco, Alan Kestenbaum, Michael Mueller, Heather Ross, Indira Samarasekera, and Daryl Wilson to serve as directors of the company for a term beginning today. Ending at the close of the next annual meeting of shareholders or until their successors are duly elected or appointed. Thank you. May I have a motion for the election of each of the eight persons nominated as directors? My name is Adolfo Montiel, and I am a duly appointed proxy holder of the company, and I so move. Thank you. If the board of directors did not receive any further nominations from shareholders in accordance with the company's advance notice bylaws, I confirm that there are no further nominations, and I declare the nominations closed. The proxies received for the voting of directors show that an overwhelming majority of votes were cast in favor of the election of each of the director nominees. As mentioned earlier, virtual voting will be conducted by electronic ballot, which has been open since the start of the meeting for registered voters and duly appointed proxy holders. Voting is still open. Please register your votes by accessing the voting page and selecting the for or against buttons next to the name of each proposed director. I now direct that voting will be closed. The scrutineer has confirmed that an overwhelming majority of the votes cast were cast in favor of the election of each of the eight director nominees. I declare that each of Monty Baker, Michael Dees, Elizabeth DelBianco, Alan Kestenbaum, Michael Mueller, Heather Ross, Indira Samarasekera, and Daryl Wilson are elected directors of the company until the close of the next annual meeting of shareholders or until their successors are duly elected or appointed. The next item of business is the reappointment of the auditor and giving directors of the company authority to fix the remuneration of the auditor. I believe that Mr. Hyde has a motion in this regard. Mr. Chairman, I move that KPMG LLP be reappointed as the auditor of the company to hold office until the close of the next annual meeting of shareholders and the board of directors be authorized to fix their remuneration. Mr. Chairman, I second the motion. Thank you. The proxies received show that an overwhelming majority of the votes were cast in favor of the reappointment of KPMG LLP as the auditor of the company to hold office until the close of the next annual meeting of shareholders and the board of directors to fix their remuneration. As mentioned earlier, virtual voting will be conducted by electronic ballot, which has been open since the start of the meeting for registered holders and duly appointed proxy holders. Voting is still open. Please register your votes by accessing the voting page and selecting the for or withhold buttons next to the matter to be voted upon. I now direct that voting be closed. The scrutineer has confirmed that an overwhelming majority of the votes cast were cast in favor of the reappointment of KPMG LLP as the auditor of the company. I declare that KPMG LLP has been reappointed as the auditor of the company to hold office until the close of the next annual meeting of shareholders, and the board of directors may fix the auditor's remuneration. If there's no further business to be brought before the meeting, I would ask Mr. Hyde for his motion to terminate the meeting. Mr. Chairman, I move that this meeting be terminated. Mr. Chairman, I second the motion. I declare the motion carried, and I declare the meeting terminated. On behalf of management and the board of directors, I would like to thank all of you for attending today, and I see that no questions have been posed. I now turn the meeting over to the operator. This concludes the meeting. Thank you for your participation today. You may now disconnect.
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