Stockholders Re-Elect Eight Incumbents To TMS International Corp. Board Of Directors
PITTSBURGH, June 5, 2013 /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 eight incumbents to the company's Board of Directors (the "Board") at its annual stockholder meeting held today 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.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 81 customer sites in 11 countries and operates 36 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.
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