RELIANCE, INC.
Shareholder Proposals
Item 4
G
Require directors to depart the board within nine months after failing to receive a majority vote in an uncontested election.
The proposal requests that the Board adopt a policy ensuring any director who fails to receive a majority of votes cast in a future uncontested election must leave the Board within nine months of that failed election. The proponent argues that such a policy would respect shareholder votes, strengthen director accountability, and allow sufficient time for the Company to recruit a qualified replacement. The submission notes the Company’s limited number of annual shareholder votes and contends aligning director tenure with shareholder approval will incentivize director performance. The proposal would impose a mandatory departure timeline rather than leaving resignation acceptance to Board discretion.