Company: ZEUS
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-257069
Chunk: 8

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 425
Chunk 8
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 the Closing of the Merger Agreement, Stephen Larson, a director of Ryerson, notified Ryerson of his intent to resign from the Ryerson Board, effective upon the closing of the Merger. The resignation is not the result of any disagreements with Ryerson relating to Ryerson’s operations, policies or practices. Upon Closing, Michael Siegal, age 72, will be appointed as the Chair of the Ryerson Board. In connection with Mr. Siegal’s expected appointment to the Ryerson Board, Ryerson and Mr. Siegal entered into a letter agreement (the “ Board Chair Letter Agreement”). As set forth in the Board Chair Letter Agreement, at the Effective Time there will be no changes to Mr. Siegal’s compensation. There are no arrangements or understandings between Mr. Siegal and any other persons pursuant to which he was selected to be the Chair of the Ryerson Board, other than as set forth in the Merger Agreement and the Board Chair Letter Agreement. There are no family relationships between Mr. Siegal and any previous or current officers or directors of Ryerson. Pursuant to the Merger Agreement, Ryerson agreed to appoint, subject to and effective upon the Closing, Zachary Siegal, the son of Mr. Siegal, as the Senior Vice President, Business Development of Ryerson. Upon appointment, Zachary Siegal will be compensated in a manner that is appropriate for his responsibilities and experience. Except as set forth herein, there are no related party transactions with respect to Mr. Siegal reportable under Item 404(a) of Regulation S-K. The foregoing description of the Board Chair Letter Agreement does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to the full text of the Board Chair Letter Agreement, a copy of which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. President, Chief Operating Officer Appointee Contingent and effective upon the Effective Time, on October 28, 2025, Ryerson and Olympic entered into a Letter Agreement (the “ Letter Agreement”), with Richard Marabito, Chief Executive Officer of Olympic, pursuant to which Mr. Marabito will be appointed as the President and Chief Operating Officer of Ryerson at the Effective Time. Mr. Marabito, age 61, has served as the Chief Executive Officer of Olympic since January 2019. From March 2000 through December 201