Schnitzer Steel Shareholders Approve Key Proposals and Directors

Schnitzer Steel Industries (RDUS) has released an update to notify the public and investors about the submission of matters to a vote of security holders.

At the Annual Meeting, shareholders approved all proposals, including the election of Glenda J. Minor and Michael W. Sutherlin as Class III directors, and an advisory resolution on executive compensation. They also agreed on holding future advisory votes on executive compensation annually and ratified PricewaterhouseCoopers LLP as the independent accounting firm for the next fiscal year. Additionally, the Omnibus Incentive Plan was approved, and an amendment was passed to change the corporate name to Radius Recycling, Inc.

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For a comprehensive understanding of the announcement, you can read the full document here.