Universal Stainless & Alloy Products, Inc. Reports 2020 Annual Meeting Voting Results

Universal Stainless & Alloy Products, Inc. held its 2020 Annual Meeting of Stockholders on May 7, 2020. The meeting saw stockholders vote on several matters, including the election of directors, advisory approval of the compensation of named executive officers, and the ratification of the appointment of Schneider Downs & Co., Inc. as the company's independent registered public accountants. The results of the voting are as follows:

Key Takeaways:

• Dennis M. Oates received 5,557,714 votes in favor, 403,761 votes against, and 1,729,734 broker non-votes, resulting in his election as a director.
• Christopher L. Ayers received 5,025,929 votes in favor, 935,546 votes against, and 1,729,734 broker non-votes, resulting in his election as a director.
• Judith L. Bacchus received 5,700,635 votes in favor, 260,840 votes against, and 1,729,734 broker non-votes, resulting in her election as a director.
• M. David Kornblatt received 5,053,480 votes in favor, 907,995 votes against, and 1,729,734 broker non-votes, resulting in his election as a director.
• Udi Toledano received 4,936,351 votes in favor, 1,025,124 votes against, and 1,729,734 broker non-votes, resulting in his election as a director.
• 92.4% (5,717,225 votes) of stockholders voted in favor of the advisory, non-binding resolution to approve the compensation of named executive officers, while 6.5% (228,139 votes) voted against, and 1 broker non-vote.
• 96.5% (7,556,158 votes) of stockholders voted in favor of ratifying the appointment of Schneider Downs & Co., Inc. as the company's independent registered public accountants, while 1.3% (99,919 votes) voted against, and 0.4% (35,132 votes) abstained.

Statistics:

• Total votes cast in favor of Dennis M. Oates' election: 5,557,714.
• Total votes cast against Dennis M. Oates' election: 403,761.
• Total broker non-votes for Dennis M. Oates' election: 1,729,734.
• Total votes cast in favor of Christopher L. Ayers' election: 5,025,929.
• Total votes cast against Christopher L. Ayers' election: 935,546.
• Total broker non-votes for Christopher L. Ayers' election: 1,729,734.
• Total votes cast in favor of Judith L. Bacchus' election: 5,700,635.
• Total votes cast against Judith L. Bacchus' election: 260,840.
• Total broker non-votes for Judith L. Bacchus' election: 1,729,734.
• Total votes cast in favor of M. David Kornblatt's election: 5,053,480.
• Total votes cast against M. David Kornblatt's election: 907,995.
• Total broker non-votes for M. David Kornblatt's election: 1,729,734.
• Total votes cast in favor of Udi Toledano's election: 4,936,351.
• Total votes cast against Udi Toledano's election: 1,025,124.
• Total broker non-votes for Udi Toledano's election: 1,729,734.

Sources:

• Universal Stainless & Alloy Products, Inc. - FORM 8K (Current Report) with Securities and Exchange Commission on May 11, 2020.