Simonds Group AGM Results: Remuneration Report and Constitution Amendment Not Carried

Anjali Anand

11 November 2026 01:17 PM AEDT

Simonds Group AGM Results: Remuneration Report and Constitution Amendment Not Carried

Image Source: Krish Capital Pty Ltd

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Simonds Group Limited (ASX:SIO) has disclosed the results of its Annual General Meeting held on 11 November 2026, with all resolutions decided by poll, including the Remuneration Report failing to pass and a special resolution to amend the company's Constitution not carried.

Key Points

The Remuneration Report resolution was not carried, with 92.47% of votes cast against.
The re-election of Director Richard Grellman AM was carried, with 99.95% of votes in favour.
The re-election of Director Piers O'Brien was carried, with 86.87% of votes in favour.
The special resolution to amend the Constitution was not carried, with 86.89% of votes against.
Item 5(b), an independent forensic investigation resolution, was withdrawn.

Remuneration Report and Constitution Amendment Outcomes

The Remuneration Report resolution at the Simonds Group AGM was not carried, with 3,328,652 votes in favour (7.53%) and 40,880,807 votes against (92.47%). The special resolution to amend the Constitution also failed to pass, recording 40,803,137 votes in favour (13.11%) and 270,383,330 votes against (86.89%). Both resolutions were decided by poll, as were all other items put to the meeting. The resolution regarding an independent forensic investigation, Item 5(b), was withdrawn prior to a vote being taken.

Re-election of Director Richard Grellman AM

The resolution for the re-election of Richard Grellman AM as a director of Simonds Group was carried at the AGM. According to the filing, 311,003,046 votes were cast in favour of the resolution, representing 99.95% of votes counted, while 170,460 votes were cast against, representing 0.05%. A total of 306,531 votes were recorded as abstentions, which were not counted in calculating the required majority. The resolution was supported by 40 of the proxies providing specific instructions, with 6 voting against and 3 abstaining.

Re-election of Director Piers O'Brien

The resolution for the re-election of Piers O'Brien as a director was also carried at the meeting. The filing discloses that 270,307,288 votes were cast in favour, representing 86.87% of votes counted, while 40,865,657 votes were cast against, representing 13.13%. Abstentions totalled 307,092 votes, which were excluded from the majority calculation. Among proxies providing instructions, 33 voted in favour, 12 voted against, and 5 abstained, equating to 73.33% in favour and 26.67% against among directed proxies.

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