Meeting Logistics
Record Date
Wednesday, April 30, 2025
Meeting Date
Tuesday, June 10, 2025, 10:00 AM (Eastern Time)
Meeting Location
Torys LLP, Toronto Dominion Centre
79 Wellington St. W., #3300 Toronto, Ontario M5K 1N2
Stock Information
Transfer Agent: TSX Trust Company
CUSIP: 823901103
ISIN: CA8239011031
Exchange: TSX: S
Resolutions
1. Re-appointment of Auditor & Approval of their Compensation
You will vote on re-appointing Deloitte LLP, Chartered Professional Accountants, Licensed Public Accountants (Deloitte LLP) as our external auditor for the 2025 financial year and authorize the directors to set the auditor’s compensation. Deloitte LLP has served as our auditor since November 1995.
The Board of Directors recommends a vote FOR this proposal
2. Stock Option Amendment
Based on shareholder feedback and compensation reviews by independent advisors, in 2023 Sherritt re-introduced stock options as a form of executive compensation. However there was insufficient inventory to issue additional options for 2025 compensation. The stock option inventory was last approved and updated in 2010 and set at 17.5 million options available for grant of which 6.4 million have been exercised between 2010 and 2017, 7.9 million are issued and outstanding, leaving an inventory at April 29, 2025 of 3.2 million.
The Board of Directors recommends a vote FOR this proposal
3. Vote on Executive Compensation
Our executive compensation program is designed to pay for performance and align the interests of our executive team with the long-term interests of our shareholders. We hold an annual advisory vote on “say on pay” to support good governance and to give shareholders the opportunity to approve our approach to executive compensation as described in this circular. Last year we received support for our approach to executive compensation with 64% of the votes cast in favour.
The Board of Directors recommends a vote FOR this proposal
Voting Is Easy!
Have your control number?
If you hold a share certificate or a DRS statement registered in your name. Your notice-and-access letter includes a proxy form.
If your shares are held through a broker or financial institution:
Unsure how to vote?
Click here to read the Notice and Overview of our 2025 Annual Meeting of Shareholders
Call, text or email a Kingsdale Engagement Specialist:
Call - 1-866-229-8263 (North America Toll Free)
Text or Call - 1-437-561-5030
Email - contactus@kingsdaleadvisors.com