Company: ZEUS
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-257069
Chunk: 5

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 425
Chunk 5
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 in accordance with Olympic’s (or one of its affiliates’) regular
payroll practices.

Post-Closing Governance

In connection with the consummation of the Merger, Ryerson will increase the size of Ryerson’s board of directors (the “”) to 11 directors, consisting of seven incumbent directors of Ryerson and four directors designated in writing by Olympic and reasonably acceptable to Ryerson at least ten business days prior to the closing of the Merger from among
the directors then serving on the Olympic Board (collectively, the “”). In the event that the Closing occurs prior to the mailing of the proxy statement for Ryerson’s annual meeting of stockholders
for 2026, Ryerson has agreed to take such actions as may be necessary to nominate each Olympic Director Nominee to the Ryerson Board, to the extent such Olympic Director Nominee’s term expires as of Ryerson’s annual meeting of
stockholders for 2026.

In addition, in connection with the consummation of the Merger, Ryerson will take all actions necessary to cause Richard Marabito
to be appointed as the President and Chief Operations Officer of Ryerson, Andrew Greiff to be appointed as the Executive Vice President of Ryerson and President of Olympic, Richard Manson to be appointed the Senior Vice President of Finance of
Ryerson and Zachary Siegal to be appointed as the Senior Vice President of Business Development of Ryerson.

Conditions to the Merger

Completion of the Merger is subject to the satisfaction or waiver of certain conditions including (a) the adoption of the Merger Agreement by the Olympic
shareholders; (b) the approval of the issuance of shares of Ryerson Common Stock in connection with the Merger by Ryerson’s stockholders; (c) the effectiveness of Ryerson’s registration statement on Form S-4; (d) the approval for listing the shares of Ryerson Common Stock issuable to the stockholders of Olympic pursuant to the Merger Agreement on the NYSE; (e) the receipt of approvals under the HSR Act;
(f) the absence of any law or order prohibiting the consummation of the Merger; (g) a customary “bringdown” of Ryerson’s and Olympic’s representations and warranties; (h) compliance by Ryerson and Olympic with
the covenants in the Merger Agreement to the applicable standard set forth therein, (i) the receipt of certain legal opinions as to tax matters by the parties and (j) the absence of a material