Company: ZEUS
Filing Date: 2025-10-28
Form Type: 425
Source: 0001437749-25-032009
Chunk: 0

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-28
Form: 425
Chunk 0
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Filed by Olympic Steel, Inc.

Pursuant to Rule 425 Under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934

Subject Company: Olympic Steel, Inc.

Commission File No.: 0-23320

Ryerson–Olympic Steel Merger

Executive Talking Points for Addressing Sr. Leaders (General Managers, Directors & Vice Presidents)

Tuesday, October 28 at 4:00 PM (ET)–via Zoom

Led By: Andrew Greiff, Olympic Steel President & Chief Operating Officer

[read time – approximately 5 minutes]

| ● | At approximately 4:30 PM (ET) today, you will see a press release notification followed by an email to “All Olympic Users” from CompanyCommunications@olysteel.com announcing our agreement to merge with Ryerson. |

| ● | We understand that this is a lot to digest on very short notice. |

| ● | There are a lot of regulatory procedures we must adhere to as public companies, including how and when we can communicate with key stakeholders. |

| ● | As leaders of the organization, we’re sharing this announcement slightly ahead of the employee announcement, because employees may turn to you with questions. |

| ● | You probably have several questions yourselves. |

| ● | The merger is expected to close in the first quarter of next year, subject to customary closing conditions and other approvals, and until that time, we have many details to work out and many restrictions on what we can discuss. |

| ● | For now, here is what we can share… |

| ● | First – once we close, we anticipate no significant changes for employees. Your employer will continue to be Olympic Steel or your current brand. There are no plans to change your pay, incentives, benefits, job title, and responsibilities. |

| ● | Likewise, all our company policies and programs remain in place. |

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| ● | These facts are important for you to know and for you to reinforce with your teams. |

| ● | The communication to employees and the talking points we will provide to you after this call reinforce those important messages, as well. |

| ● | It really will be business as usual, and we want employees to understand that. |

| ● | Second – and this is especially important for your local leadership and commercial team members: |

| ● | Until we close, Olympic