WAJAX ANNOUNCES ELECTION OF DIRECTORS

TSX Symbol:  WJX

TORONTO, May 6, 2024 /CNW/ - Wajax Corporation ("Wajax" or the "Corporation") today announced that the nominees listed in its management proxy circular dated March 5, 2024 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, 2024 in Toronto, Ontario are set out below.

On a vote conducted by ballot, each of the following nine (9) nominees proposed by management was elected as a director of Wajax:

Nominee	Votes For	% Votes For	Votes Against	% Votes Against
Leslie Abi-karam	10,620,325	98.85 %	123,517	1.15 %
Thomas M. Alford	10,589,706	98.57 %	154,136	1.43 %
Edward M. Barrett	10,267,821	95.57 %	476,021	4.43 %
A. Jane Craighead	10,719,905	99.78 %	23,937	0.22 %
Ignacy P. Domagalski	10,646,577	99.09 %	97,265	0.91 %
David G. Smith	10,670,227	99.31 %	73,615	0.69 %
Elizabeth A. Summers	10,612,791	98.78 %	131,051	1.22 %
Alexander S. Taylor	9,958,646	92.69 %	785,196	7.31 %
Susan Uthayakumar	10,596,862	98.63 %	146,980	1.37 %

Sylvia D. Chrominska, a director of the Corporation since 2015 and Douglas A. Carty, a director of the Corporation since 2011, retired from the board at the conclusion of the meeting.  "On behalf of our shareholders, management and our fellow directors, I would like to express our sincere thanks to Sylvia and Doug for their invaluable contributions to Wajax," said Iggy Domagalski, President and Chief Executive Officer of the Corporation. "We wish them all the best on their retirement from the Wajax 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

Iggy Domagalski, President and Chief Executive Officer, Email: [email protected]; Stuart Auld, Chief Financial Officer, Email: [email protected]; Telephone #: [phone]