Company: ZEUS
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001437749-25-009843
Chunk: 38

Company: OLYMPIC STEEL INC
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 38
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 year thereafter.

If Mr. Marabito’s employment had been terminated due to death or disability as of December 31, 2024, he or his estate would be entitled to receive $975,000 in respect of his base salary and $20,890 in premiums under our medical and dental insurance programs. If Mr. Greiff’s employment had been terminated due to death or disability as of December 31, 2024, he or his estate would be entitled to receive $741,667 in respect of his base salary and $20,890 in premiums under our medical and dental insurance programs. If Mr. Manson’s employment had been terminated due to death or disability as of December 31, 2024, he or his estate would be entitled to receive $550,000 in respect of his base salary and $28,853 in premiums under our medical and dental insurance programs.

Retirement Plans

Our executive officers are eligible to participate in our Supplemental Executive Retirement Plan and each of our named executive officers is eligible to participate in our Executive Deferred Compensation Plan. The aggregate account balance of each named executive officer under the SERP and a description of the amounts payable to each such executive upon retirement from their employment with us under each of these plans are provided in the following 2024 Nonqualified Deferred Compensation Table.

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CEO Pay Ratio

For the 2024 fiscal year, the ratio of the total annual compensation of Richard T. Marabito, our CEO, to the median of the annual compensation of all of our employees other than the CEO was 59:1. The total compensation for our median employee in 2024 was $65,382. CEO total compensation in 2024, as detailed in the 2024 Summary Compensation Table, was $3,868,045. The ratio is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K using the data and assumptions summarized below. As permitted by SEC rules, we used the same median employee identified in 2023, as there have been no changes in our employee population or employee compensation arrangements in 2024 that we believe would significantly impact the pay ratio disclosure. For purposes of this disclosure, the date used to identify the employee who received such median compensation (the “median employee”) was December 31, 2023. As of this date, the Company had 2,167 active employees (not including the CEO) in only one country – the United States. To determine the