WAJAX ANNOUNCES ELECTION OF DIRECTORS

TSX Symbol:  WJX

TORONTO, May 5, 2023 /CNW/ - Wajax Corporation ("Wajax" or the "Corporation") today announced that the nominees listed in the Corporation's management proxy circular dated March 7, 2023 have been elected as directors of Wajax.  The detailed results of the vote for the election of directors held at the Annual Meeting of Shareholders of the Corporation held on May 2, 2023 in Toronto, Ontario are set out below.

On a vote conducted by ballot, each of the following eleven (11) nominees proposed by management was elected as a director of Wajax:

Nominee

Votes For

% Votes For

Votes Against

% Votes Against

Leslie Abi-karam

9,900,064

98.78 %

122,088

1.22 %

Thomas M. Alford

9,745,057

97.23 %

277,795

2.77 %

Edward M. Barrett

9,571,166

95.49 %

451,686

4.51 %

Douglas A. Carty

9,521,781

95.00 %

501,071

5.00 %

Sylvia D. Chrominska

9,899,773

98.77 %

123,079

1.23 %

A. Jane Craighead

9,907,553

98.85 %

115,299

1.15 %

Ignacy P. Domagalski

9,590,120

95.68 %

432,732

4.32 %

David G. Smith

9,911,254

98.89 %

111,598

1.11 %

Elizabeth A. Summers

9,912,948

98.90 %

109,904

1.10 %

Alexander S. Taylor

9,530,193

95.08 %

492,659

4.92 %

Susan Uthayakumar

9,682,439

96.60 %

340,413

3.40 %


The Corporation also announced that David G. Smith and Elizabeth A. Summers have each been appointed to the Audit and Human Resources and Compensation Committees of the board, and that A. Jane Craighead has been appointed chair of the Human Resources and Compensation Committee of the board.

Wajax Corporation

Founded in 1858, Wajax (TSX: WJX) is one of Canada's longest-standing and most diversified industrial products and services providers. The Corporation operates an integrated distribution system providing sales, parts and services to a broad range of customers in diverse sectors of the Canadian economy, including: construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government and utilities, and oil and gas.

SOURCE Wajax Corporation

For further information: Ignacy (Iggy) Domagalski, President and Chief Executive Officer, Email: idomagalski@wajax.com; Stuart Auld, Chief Financial Officer, Email: sauld@wajax.com, Telephone #: (905) 212-3300