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Century Aluminum Company has reported the outcome of its 2026 Annual Meeting of Stockholders, with shareholders approving the election of seven board members, endorsing executive compensation, and ratifying Deloitte & Touche LLP as the company's independent auditor for fiscal year 2026.
{alcircleadd}According to a filing with the US Securities and Exchange Commission (SEC), 85.51 million shares, representing approximately 86.39 per cent of the company's outstanding shares, were present in person or represented by proxy at the meeting, constituting a quorum.
Shareholders elected Jarl Berntzen, Jennifer Bush, Jesse Gary, Errol Glasser, Wilhelm van Jaarsveld, Andrew Michelmore, and Tamla Olivier to serve one-year terms on the board until the company's 2027 Annual Meeting of Stockholders. The nominees received between 71.3 million and 79.9 million votes in favour, while broker non-votes totalled 5.38 million shares for each candidate.
The company's shareholders also ratified the appointment of Deloitte & Touche LLP as Century Aluminum's independent registered public accounting firm for the fiscal year ending 31 December 2026. The proposal received 84.37 million votes in favour, compared with 1.09 million votes against and 46,001 abstentions.
In a separate advisory, non-binding vote, shareholders approved the compensation of the company's named executive officers as outlined in the proxy statement. The proposal secured 79.59 million votes in favour, while 494,275 votes were cast against and 45,939 abstained. Broker non-votes for the proposal totalled 5.38 million shares.
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The annual meeting follows a period of strong financial performance for Century Aluminum. In the first quarter of 2026, the company reported adjusted earnings per share of USD 1.63, exceeding analysts' expectations of USD 1.56. Revenue came in at USD 649.2 million, ahead of the consensus estimate of USD 633.85 million.
The company's improving financial position was also reflected in a recent ratings action by S&P Global Ratings, which upgraded Century Aluminum's credit rating to 'B' from 'B-'. The agency cited stronger operating performance and improved leverage metrics, with the company's debt-to-EBITDA ratio declining to 2.6x at the end of fiscal 2025 from 3.4x a year earlier. S&P also noted the potential for record earnings and free operating cash flow generation over the next 12 months.
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