Company: ZEUS
Filing Date: 2025-10-30
Form Type: 8-K
Source: 0001437749-25-032436
Chunk: 5

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 8-K
Item: Item 1.01
Chunk 5
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 ordinary course of business consistent with past practice in all material respects and (ii) to preserve intact its business organization and comply with all applicable laws in all material respects, including continuing to prepare audited financial statements for the fiscal year ending December 31, 2025, irrespective of the anticipated date of consummation of the Merger; (b) call a special meeting of the Company Shareholders to adopt the Merger Agreement; and (c) not to solicit alternative acquisition proposals. Ryerson has also agreed to various covenants in the Merger Agreement, including (a) during the period between the execution of the Merger Agreement and the closing of the Merger, to use its commercially reasonable efforts to (i) conduct its operations in the ordinary course of business consistent with past practice in all material respects and (ii) preserve intact its business organization and comply with all applicable laws in all material respects, (b) to call a special meeting of its stockholders to adopt the Merger Agreement, (c) not to solicit alternative acquisition proposals, and (d) using reasonable best efforts to consummate the transactions contemplated by the Merger Agreement (the “ Transactions”), including undertaking any remedial actions that, individually or in the aggregate, would be immaterial to the combined company taken as a whole.

Termination

The Merger Agreement contains provisions granting each of the Company and Ryerson the right to terminate the Merger Agreement under specified circumstances, including: (a) if a permanent legal prohibition enjoins the consummation of the Merger; (b) if the Merger is not completed by April 28, 2026 (which date may be extended to July 28, 2026 if certain regulatory approvals have not been obtained); (c) if either party fails to obtain stockholder approval; (d) by the Company, if, prior to the Company receiving approval of the Company Shareholders, the Company enters into a definitive written agreement providing for the consummation of a Superior Proposal (as defined in the Merger Agreement) in accordance with Section 5.4 of the Merger Agreement; (e) by either the Company or Ryerson, as applicable, if the other party has breached its representations or warranties or failed to perform its covenants in the Merger Agreement in a way that would entitle the party seeking to terminate the Merger Agreement not to consummate the Merger, subject to cure rights of the breaching party; (f) by the Company, if Ryerson’s