August 19, 2014 Via Facsimile and email
Exhibit 10.1
August 19, 2014 | |
Via Facsimile and email | |
United Steel, Paper and Forestry, Rubber, Manufacturing, Energy,
Allied Industrial and Service Workers International Union, AFL-CIO, CLC
0 Xxxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, Xxxxxxxxxxxx 00000
Attention: Xxx X. Xxxxxx, President
Dear Xxx:
This letter confirms the USW’s agreement to permit Xxxxxx Aluminum Corporation (the “Company”) to increase the size of the Company’s board from ten to eleven board members through the Company’s June 2015 regular shareholders meeting for the purpose of adding L. Xxxxxxx Xxxxxx to the Company’s board without increasing the number of directors to be nominated by the USW pursuant to the terms of the Director Designation Agreement dated as of July 6, 2006 (the “Director Designation Agreement”). This agreement is contingent and effective upon Xx. Xxxxxx’x addition to the Company’s board and will expire at the Company’s June 2015 regular shareholders meeting when the Company expects the size of the Company’s board to be reduced to ten board members. The Company agrees and acknowledges that the rights of the USW under the Director Designation Agreement from and after the Company’s June 2015 regular shareholders meeting, including the USW’s nomination rights, will continue without modification by this letter.
Very truly yours, | |
/s/ Xxxx X. Xxxxxx | |
Xxxx X. Xxxxxx | |
Agreed and Acknowledged:
United Steel, Paper and Forestry, Rubber,
Manufacturing, Energy, Allied Industrial and Service
Workers International Union, AFL-CIO, CLC
By: /s/ Xxx X. Xxxxxx
Xxx X. Xxxxxx, President
