Company: ZEUS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001437749-25-004742
Chunk: 410

Company: OLYMPIC STEEL INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 410
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 2,925   7,020   4,555 
 Corporate   -   -   - 
 Total capital expenditures  $29,487  $21,326  $19,854 
             
 Assets             
 Flat products  $695,880  $649,744  $631,607 
 Tubular and pipe products   347,469   333,677   258,412 
 Corporate   1,147   1,414   1,608 
 Total assets  $1,044,496  $984,835  $891,627 

   There were no material revenue transactions between the carbon flat products, specialty metals flat products and tubular and pipe products segments for the years ended  December 31, 2024, 2023 and 2022.
    
   The Company sells certain products internationally, primarily in Canada and Mexico. International sales are immaterial to the consolidated financial results and to the individual segments’ results.

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    18.  Retirement Plans: 

   The Company’s retirement plans consist of 401(k) plans covering union and non-union employees, a multi-employer pension plan covering certain CTI employees and a SERP covering certain executive officers of the Company.
    
   The 401(k) retirement plans allow eligible employees to contribute up to the statutory maximum. The Company’s non-union 401(k) matching contribution is determined annually by the Board of Directors and is based on a percentage of eligible employees’ earnings and contributions. For the 401(k) retirement plans, the Company matched one-half of each eligible employee’s contribution, limited to the first 6% of eligible compensation. For the Metal-Fab 401(k) retirement plans, the Company matched 50% of the first 5% of eligible compensation. For the Action Stainless 401(k) retirement plans, the Company matched 100% of the first 3% of eligible compensation and one-half of the next 2% of each eligible employee’s contribution, limited to 4% of eligible compensation.
    
   In 2006, the Board of Directors adopted a SERP, which has been amended from time to time. Contributions to the SERP are based on: (i) a portion of the participants’ compensation multiplied by a factor of 13%; and (ii) a portion of the participants’ compensation multiplied by