Stockholders Re-Elect Seven Incumbents To TMS International Corp. Board Of Directors
PITTSBURGH, June 6, 2012 /PRNewswire/ -- The stockholders of TMS International Corp. (NYSE: TMS), the parent company of Tube City IMS Corporation, a leading provider of outsourced industrial services to steel mills globally, re-elected seven incumbents to the company's Board of Directors (the "Board") at its annual stockholder meeting today in Pittsburgh, PA.
The incumbents re-elected are Joseph Curtin, Chairman, President and Chief Executive Officer, 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; 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 Operating and Financial Officer, Sitel Worldwide Corporation.
Stockholders also approved a proposal ratifying Ernst & Young LLP as the company's independent registered public accounting firm for 2012. In addition, stockholders in non-binding, advisory votes approved the company's named executive officer compensation and approved a yearly advisory vote on the compensation of named executive officers.About TMS International Corp. 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 82 customer sites in 11 countries and operates 33 brokerage offices from which it buys and sells raw materials across five continents. Forward Looking Statements
Certain information in this news release contains forward-looking statements with respect to the company's financial condition, results of operations or business or its expectations or beliefs concerning future events. Such forward-looking statements include the discussions of the potential new debt refinancing, the company's business strategies, estimates of future global steel production and other market metrics and the company's expectations concerning future operations, margins, profitability, liquidity and capital resources. Although the company believes that such forward-looking statements are reasonable, it cannot assure you that any forward-looking statements will prove to be correct. Forward-looking statements may be preceded by, followed by or include the words "may," "will," "believe," "expect," "anticipate," "intend," "plan," "estimate," "could," "might," or "continue" or the negative or other variations thereof or comparable terminology. Such forward-looking statements are not guarantees of future performance and involve risks, uncertainties, estimates and assumptions that may cause the company's actual results, performance or achievements to be materially different. Additional information relating to factors that may cause actual results to differ from the company's forward-looking statements can be found in the company's most recent Annual Report on Form 10-K and elsewhere in the company's filings with the Securities and Exchange Commission. You should not place undue reliance on any of these forward- looking statements. Any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any such statement to reflect new information, or the occurrence of future events or changes in circumstances.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts