SCHN 2017 Proxy Statement

Proposal No. 1 – Election of Directors Continuing Directors Class I Directors David L. Jahnke Age: 64 Director Since: 2013 Company Board Committees: • Audit, Chair; Compensation Qualifications and Skills to Serve as a Director: Other Public Company Directorships: • First Interstate BancSystem, Inc., Lead Independent Director; Member of Risk Committee and Chair of Audit Committee • Public accounting, financial reporting, and internal controls experience • Experience in complex financial transactions, international business and executive compensation • Public company board and committee leadership experience Mr. Jahnke held various positions at KPMG, the international accounting firm, from 1975 until 2010. From 2005 to 2010, he was the Global Lead Partner for a major KPMG client and was located in KPMG’s Zurich, Switzerland office. Prior to that time, he held positions of increasing responsibility in KPMG, including Office Managing Partner and Audit Partner in Charge of the Minneapolis office from 1999 to 2004. He is a director of Swiss Re America Holding Corporation where he serves as Chair of its Audit Committee and is a member of its Executive Committee. Mr. Jahnke holds a B.S. in Accounting from the University of Minnesota-Twin Cities. William D. Larsson Age: 72 Director Since: 2006 Company Board Committees: • Nominating and Corporate Governance, Chair; Audit Qualifications and Skills to Serve as a Director: Other Public Company Directorships: • Clearwater Paper Corporation, Member of Nominating and Governance Committee and Chair of Audit Committee • Former public company Chief Financial Officer • Experience in general manufacturing, international business, mergers and acquisitions, executive compensation, strategic analysis, and growth management and organizational integration • Public company board and committee leadership experience Mr. Larsson was Senior Vice President and Chief Financial Officer from 2000 until 2009, of Precision Castparts Corp., a leading manufacturer of complex metal components and products principally for the aerospace and power generation industries. He earned a B.S. in Economics and a B.S. in Mathematics from the University of Oregon and an MBA from California State University at Long Beach. Notice of Annual Meeting of Shareholders and 2017 Proxy Statement | 21