Company: ZEUS
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001437749-25-032420
Chunk: 25

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 25
---
 below shows the expiration dates of the collective bargaining agreements.

      Facility 
      Expiration date 

      Indianapolis, Indiana 
      January 29, 2026 

      Minneapolis (plate), Minnesota 
      March 31, 2027 

      St. Paul, Minnesota 
      May 25, 2028 

      Locust, North Carolina 
      March 4, 2029 

      Minneapolis (coil), Minnesota 
      September 30, 2029 

      Hammond, Indiana 
      November 30, 2029 

      Romeoville, Illinois 
      May 31, 2030 

We have never experienced a work stoppage and we believe that our relationship with employees is good. However, any prolonged work stoppages by our personnel represented by collective bargaining units could have a material adverse impact on our business, financial condition, results of operations and cash flows.

Proposed Merger with Ryerson

On October 28, 2025, we entered into an Agreement and Plan of Merger, or Merger Agreement, with Ryerson, a Delaware corporation, and Crimson MS Corp., an Ohio corporation and a wholly owned subsidiary of Ryerson, or Merger Sub. The Merger Agreement provides that, subject to the terms and conditions set forth therein, Merger Sub will merge with and into the Company, with the Company continuing as the surviving corporation and a wholly owned subsidiary of Ryerson.

At the effective time of the Merger (the Effective Time), and upon consummation of the Merger, subject to the terms and conditions set forth in the Merger Agreement, each share of the Company’s common stock issued and outstanding immediately prior to the Effective Time will be canceled and converted into and thereafter represent the right to receive that number of validly issued, fully paid and non-assessable shares of common stock, $0.01 par value per share, of Ryerson (Ryerson Common Stock) equal to 1.7105, rounded down to the nearest whole share and, if applicable, the cash amount to be paid in lieu of fractional shares.  Upon closing of the Merger, legacy Company shareholders will own approximately 37% of the combined company.

Consummation of the Merger is subject to the satisfaction or waiver of certain customary closing conditions, including (a) the adoption of the Merger Agreement by (i) a majority of the shareholders of the Company and (ii) a majority of the stockholders of Ryerson; (b) the Ryerson Common