Company: ZEUS
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-257069
Chunk: 7

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 425
Chunk 7
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’s board of directors changing or withdrawing its recommendation in connection with the Merger, or due to Ryerson committing a willful and material breach of its non-solicitationobligations, Ryerson will be required to pay to Olympic $15 million. If the Merger Agreement is terminated due to Olympic’s board of directors changing its recommendation in connection with the Merger, or due to Olympic committing a willful and material breach of its non-solicitationobligations, then Olympic will be required to pay Ryerson $15 million. In addition, if the Merger Agreement is terminated due to either party’s failure to obtain stockholder approval (and Ryerson’s board of directors has not changed or withdrawn its recommendation in connection with the Merger), Ryerson or Olympic, as applicable, will be required to reimburse the other party for its expenses incurred in connection with the transaction in an amount not to exceed $10 million. The Merger Agreement is attached hereto as Exhibit 2.1 and is incorporated herein by reference. The foregoing description does not purport to be complete and is subject to and qualified in its entirety by reference to the Merger Agreement. The Merger Agreement has been included to provide securityholders and investors with information regarding its terms. It is not intended to provide any other factual information about Ryerson, Olympic or any other person. The representations, warranties and covenants contained in the Merger Agreement were made solely for purposes of the Merger Agreement and as of specific dates, were solely for the benefit of the parties to the Merger Agreement, may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures made for the purposes of allocating contractual risk between the parties to the Merger Agreement instead of establishing these matters as facts, and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to securityholders. Securityholders and investors are not third-party beneficiaries under the Merger Agreement and should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of Ryerson or Olympic. Moreover, information concerning the subject matter of the representations and warranties may change after the date of the Merger Agreement, which subsequent information may or may not be fully reflected in Ryerson’s or Olympic’s public disclosures.

| Item 5.02 | Departure of Directors or Principal Officers, Election of Directors; Appointment of Principal Officers. |

Ryerson Board Changes and Officer Appointments In connection with