UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On July 23, 2021, Reliance Steel & Aluminum Co. (the “Company”) announced that it increased the size of its Board of Directors from ten to eleven directors and appointed David W. Seeger to serve as an independent director, effective July 20, 2021. Mr. Seeger’s term will expire at the Company’s 2022 Annual Meeting of Stockholders.
Mr. Seeger, 65, served on the Board of Directors of Zekelman Industries (formerly JMC Steel Group) from 2014 to 2021 and as President from 2010 to 2016. Mr. Seeger has held numerous leadership positions in the metals industry throughout his career, including President of Atlas Tube, a division of JMC Steel Group, from 2005 to 2009. Mr. Seeger received a Bachelor of Arts in Business Administration from Michigan State University and a Masters of Business Administration from Loyola University Chicago.
Mr. Seeger has not been named to serve on any committee of the Board of Directors at this time.
Mr. Seeger will participate in the current director compensation arrangements applicable to non-employee directors, which are described under “Director Compensation” in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 8, 2021. The Company will enter into an indemnification agreement with Mr. Seeger in substantially the form of the Company’s standard form of indemnification agreement. Such form of indemnification agreement was included as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on February 18, 2016 and is incorporated herein by reference.
There are no arrangements or understandings between Mr. Seeger and any other persons pursuant to which he was selected as a director. Additionally, Mr. Seeger does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
A copy of the press release issued by the Company announcing Mr. Seeger’s appointment is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K. Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Registrant under the Securities Act of 1933 or the Exchange Act.
Item 9.01. | Financial Statements and Exhibits. |
Exhibit No. | Description | |
99.1 | Press Release dated July 23, 2021 (included herewith). | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RELIANCE STEEL & ALUMINUM CO. | ||
Date: July 23, 2021 | By: | /s/ William A. Smith II |
William A. Smith II | ||
Senior Vice President, General Counsel and Corporate Secretary |
Exhibit 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE
RELIANCE STEEL & ALUMINUM CO. ANNOUNCES New Director
Los Angeles— July 23, 2021—Reliance Steel & Aluminum Co. (NYSE: RS) today announced that it has increased the size of its Board of Directors from 10 to 11 members and appointed David W. Seeger, 65, to serve as an independent director. Mr. Seeger’s term took effect on July 20, 2021 and will expire at the 2022 Annual Meeting of Stockholders.
Mark Kaminski, Chairman of the Board of Reliance, commented, "We are thrilled to welcome Dave Seeger to Reliance's Board of Directors. Dave’s extensive knowledge of the metals industry reflects his 37 years of operational and Board experience. In addition, Dave’s leadership positions in industry associations afford him a deep understanding of the dynamics that drive the entire metals supply chain. We look forward to benefiting from his valuable experience and insights to enhance the continued execution of Reliance’s strategy and industry-leading results.”
Jim Hoffman, Chief Executive Officer of Reliance, added, “Dave has been a strategic and valued partner to Reliance for over 30 years and I have known him to have a deep understanding of our industry. I look forward to adding his unique strengths and perspective to our already strong Board of Directors.”
Mr. Seeger served on the Board of Directors of Zekelman Industries (formerly JMC Steel Group) from 2014 to 2021 and as President from 2010 to 2016. Mr. Seeger has held numerous leadership positions in the metals industry throughout his career, including President of Atlas Tube, a division of JMC Steel Group, from 2005 to 2009. Mr. Seeger received a Bachelor of Arts in Business Administration from Michigan State University and a Masters of Business Administration from Loyola University Chicago.
About Reliance Steel & Aluminum Co.
Founded in 1939 and headquartered in Los Angeles, California, Reliance Steel & Aluminum Co. (NYSE: RS) is a leading global diversified metal solutions provider and the largest metals service center company in North America. Through a network of approximately 300 locations in 40 states and 13 countries outside of the United States, Reliance provides value-added metals processing services and distributes a full-line of over 100,000 metal products to more than 125,000 customers in a broad range of industries. Reliance focuses on small orders with quick turnaround and increasing levels of value-added processing. In 2020, Reliance’s average order size was $1,910, approximately 49% of orders included value-added processing and approximately 40% of orders were delivered within 24 hours. Reliance Steel & Aluminum Co.’s press releases and additional information are available on the Company’s website at www.rsac.com.
CONTACT:
(213) 576-2428
investor@rsac.com
or Addo Investor Relations
(310) 829-5400
350 South Grand Avenue, Suite 5100 | Los Angeles CA 90071 | Phone: 213-687-7700 | Fax: 213-687-8792 | www.rsac.com
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Cover |
Jul. 20, 2021 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Jul. 20, 2021 |
Entity File Number | 001-13122 |
Entity Registrant Name | RELIANCE STEEL & ALUMINUM CO. |
Entity Central Index Key | 0000861884 |
Entity Tax Identification Number | 95-1142616 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 350 South Grand Avenue |
Entity Address, Address Line Two | Suite 5100 |
Entity Address, City or Town | Los Angeles |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 90071 |
City Area Code | 213 |
Local Phone Number | 687-7700 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $0.001 par value |
Trading Symbol | RS |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
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