Company: ZEUS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001437749-25-004742
Chunk: 236

Company: OLYMPIC STEEL INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1A
Chunk 236
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 improve support, reporting capabilities and functionality for our employees and sales and administrative management teams. Risks associated with the phased implementation include, but are not limited to:

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      a significant deployment of capital and a significant use of management and employee time; 

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      the possibility that the timelines, costs or complexities related to the new system implementation will be greater than expected; 

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      limitations on the availability and adequacy of proprietary software or consulting, training and project management services, as well as our ability to retain key personnel; 

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      the possibility that the software, once fully implemented, does not function as planned; 

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      the possibility that software and implementation vendors may not be able to support the project as planned; 

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      the possibility that benefits from the systems may be less or take longer to realize than expected; and 

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      the possibility that disruptions from the implementation may make it difficult for us to maintain relationships with our customers, employees or suppliers. 

Although we have successfully initiated use of the systems at most of our locations, we can provide no assurance that the rollout to the remaining locations will be successful or will occur as planned and without disruption to operations. Difficulties associated with the design and implementation of new information systems could adversely affect our business, our customer service, our results of operations and our cash flows.

We depend on our senior management team and the loss of any member could prevent us from implementing our business strategy. 

Our success is dependent upon the management and leadership skills of our senior management team. Michael D. Siegal has served as our Executive Chairman of the Board since January 1, 2019, after serving as our Chief Executive Officer since 1984. Richard T. Marabito has served as our Chief Executive Officer since January 1, 2019, after serving as our Chief Financial Officer since 2010, and Richard A. Manson has served as our Chief Financial Officer since January 1, 2019, after serving as our Vice President and Treasurer since 2013. Andrew S. Greiff has served as our President and Chief Operating Officer since January 1, 2020 after serving as our Executive Vice President and Chief Operating Officer since 2016. The loss of any member of our senior management team or the failure to attract and retain additional qualified personnel could prevent us from implementing our business strategy. 

Participation in multiemployer pension plans carry withdrawal liability risks, which could impact our results of operations