Stockholders Re-Elect Eight Incumbents to TMS International Board of Directors
06/21/2013 - The stockholders of TMS International Corp., the parent company of Tube City IMS Corp., a leading provider of outsourced industrial services to steel mills globally, re-elected eight incumbents to the company's Board of Directors at its annual stockholder meeting held on 5 June in Pittsburgh, Pa.
The stockholders of TMS International Corp., the parent company of Tube City IMS Corp., a leading provider of outsourced industrial services to steel mills globally, re-elected eight incumbents to the company's Board of Directors at its annual stockholder meeting held on 5 June in Pittsburgh, Pa.
The incumbents re-elected to the company's Board are Joseph Curtin, executive chairman, TMS International Corp.; John J. Connelly, retired senior vice president/strategic planning and business development, United States Steel Corporation; Timothy A.R. Duncanson, managing director, Onex Corporation; Raymond S. Kalouche, president and chief executive officer, TMS International Corp.; Colin Osborne, president and chief executive officer, Vicwest Inc.; Herbert K. Parker, executive vice president and chief financial officer, Harman International Industries Inc.; Manish K. Srivastava, principal, Onex Corporation; and Patrick W. Tolbert, chief financial and operating officer, Sitel Worldwide Corporation.
Stockholders also approved proposals ratifying Ernst & Young LLP as the company's independent registered public accounting firm for 2013, amending the TMS International Corp. long-term incentive plan to increase the number of shares available for issuance by 750,000, and approving material performance goals under the company's long-term incentive plan for purposes of performance based compensation. In addition, stockholders in a non-binding, advisory vote approved the compensation of the company's named executive officers.
TMS International Corp., through its subsidiaries, including Tube City IMS Corporation, is the largest provider of outsourced industrial services to steel mills in North America as measured by revenue and has a substantial and growing international presence. The company provides mill services at 81 customer sites in 11 countries and operates 36 brokerage offices from which it buys and sells raw materials across five continents.
