# EDGAR Filing Document

**Accession Number:** 0000917470
**File Stem:** 0001437749-25-032005
**Filing Date:** 2025-10
**Character Count:** 10573
**Document Hash:** 6c0027bd3b35e730e128981606920e1a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-032005.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001437749-25-032005

**CONFORMED SUBMISSION TYPE**: 425

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OLYMPIC STEEL INC
- **CENTRAL INDEX KEY:** 0000917470
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-METALS SERVICE CENTERS & OFFICES [5051]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 341245650
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-23320
- **FILM NUMBER:** 251425541

**BUSINESS ADDRESS:**
- **STREET 1:** 5096 RICHMOND RD
- **CITY:** BEDFORD HEIGHTS
- **STATE:** OH
- **ZIP:** 44146
- **BUSINESS PHONE:** 2162923800

**MAIL ADDRESS:**
- **STREET 1:** 5096 RICHMOND RD
- **CITY:** BEDFORD HEIGHTS
- **STATE:** OH
- **ZIP:** 44146
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OLYMPIC STEEL INC
- **CENTRAL INDEX KEY:** 0000917470
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-METALS SERVICE CENTERS & OFFICES [5051]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 341245650
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425

**BUSINESS ADDRESS:**
- **STREET 1:** 5096 RICHMOND RD
- **CITY:** BEDFORD HEIGHTS
- **STATE:** OH
- **ZIP:** 44146
- **BUSINESS PHONE:** 2162923800

**MAIL ADDRESS:**
- **STREET 1:** 5096 RICHMOND RD
- **CITY:** BEDFORD HEIGHTS
- **STATE:** OH
- **ZIP:** 44146

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

![zeus20251028c_425img001.jpg](zeus20251028c_425img001.jpg)

**Ryerson** – **Olympic Steel Merger**

**Talking Points for Managers (Small Group Employee Meetings)**

● This evening, in a joint public announcement, Ryerson Holding Company, known most commonly in the industry as simply "Ryerson," and Olympic Steel announced their agreement to merge, which would make Olympic Steel a member of the Ryerson Family of Companies.

● Once we close, Olympic Steel will become a wholly owned subsidiary of Ryerson. We will still do business as Olympic Steel [or subsidiary brand name].

● I'm sure you have a lot of questions, which is why we are passing out a document with Frequently Asked Questions (FAQs).

● **Let me assure you that, upon closing, your employer will continue to be Olympic Steel [or current subsidiary brand]. There are no plans to change your pay, benefits, job title, responsibilities and supervisor** – **nor are there plans to change our existing policies.** 

● Across Olympic Steel, it's business as usual.

● Until we close, Olympic Steel and Ryerson will remain separate companies, meaning we must continue to act independently and not collaborate with Ryerson employees on anything related to the business, including not jointly interacting with customers or suppliers.

● Overall, this is great news for Olympic Steel and for all of us.

● Joining Ryerson means more resources and potentially more opportunities for us to grow here and into roles outside of our [department/division].

● Take some time to review the FAQ document, and if you have any questions, feel free to come see me.

● There's still a lot of work in progress, because the merger won't close until the first quarter of next year, subject to customary closing conditions and other approvals.

● We will share more information as it becomes available.

● Should anyone from outside of Olympic Steel reach out to you looking for information or a comment about the merger, direct them to our local Leadership Team or our Corporate Communications & Marketing department.

● None of us should comment. We have Corporate teams in place to respond to questions on behalf of the organization

------

**CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION**

This communication includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by the use of predictive, future-tense or forward-looking terminology, such as "may," "will," "anticipate," "should," "intend," "expect," "believe," "estimate," "project," "plan," "potential," and "continue," as well as the negative of these terms or similar expressions. These statements speak only as of the date of this communication and we undertake no ongoing obligation, other than that imposed by law, to update these statements. These statements appear in a number of places in this communication and relate to, among other things, our intent, belief or current expectations with respect to the ability to complete the proposed merger of Olympic Steel and Ryerson on the anticipated terms and timeline; the effect of restructuring or reorganization of business components; our future financial condition, results of operations or prospects; our business and growth strategies; and our financing plans and forecasts. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may differ materially from those contained in or implied by the forward-looking statements as a result of various factors, some of which are unknown, including, without limitation:

● the failure to obtain the requisite shareholder approval in connection with the transaction and the failure to satisfy various other conditions to the closing of the transaction contemplated by the merger agreement;

● the failure to obtain governmental approvals of the transaction on the proposed terms and timeline, and any conditions imposed on the combined company in connection with consummation of the transaction;

● the risk that the cost savings and any other synergies from the transaction may not be fully realized or may take longer to realize than expected;

● disruption from the proposed transaction making it more difficult to maintain relationships with customers, partners, employees or suppliers;

● the risk that the proposed transaction may be less accretive than expected, or may be dilutive, and that the combined company may fail to realize the benefits expected from the merger;

● risks relating to any unforeseen liabilities of Olympic Steel or Ryerson; and

● other factors described in our Annual Report on Form 10-K for the year ended December 31, 2024 under Item 1A, "Risk Factors."

Should one or more of these or other risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, intended, expected, believed, estimated, projected or planned. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to republish revised forward-looking statements to reflect the occurrence of unanticipated events or circumstances after the date hereof, except as otherwise required by law. You are advised, however, to consult any further disclosures we make on related subjects in our reports on Forms 10-Q, 8-K and 10-K filed with the Securities and Exchange Commission.

**ADDITIONAL INFORMATION AND WHERE TO FIND IT**

This communication is being made in respect of a proposed business combination involving Olympic Steel and Ryerson. In connection with the proposed transaction, Ryerson will file with the SEC a Registration Statement on Form S-4 that includes a preliminary proxy statement of Olympic Steel and that will also constitute a prospectus of Ryerson. The information in the preliminary proxy statement/prospectus is not complete and may be changed. Ryerson may not sell the common stock referenced in the preliminary proxy statement/prospectus until the Registration Statement on Form S-4 filed with the SEC becomes effective. The preliminary proxy statement/prospectus and this communication are not offers to sell Ryerson securities, are not soliciting an offer to buy Ryerson securities in any state where the offer and sale is not permitted and are not a solicitation of any vote or approval. The definitive proxy statement/prospectus will be mailed to shareholders of Olympic Steel.

RYERSON AND OLYMPIC STEEL URGE INVESTORS AND SECURITY HOLDERS TO READ THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.

Investors and security holders will be able to obtain these materials (when they are available) and other documents filed with the SEC free of charge at the SEC's website, www.sec.gov. Copies of documents filed with the SEC by Ryerson (when they become available) may be obtained free of charge on Ryerson's website at www.ryerson.com or by directing a written request to Investor Relations, Ryerson Holding Corporation, 227 W. Monroe St., 27th Floor, Chicago, Illinois 60606. Copies of documents filed with the SEC by Olympic Steel (when they become available) may be obtained free of charge on Olympic Steel's website at www.olysteel.com or by directing a written request to Olympic Steel, Inc., 22901 Millcreek Blvd., Suite 650, Highland Hills, Ohio 44122.

**PARTICIPANTS IN SOLICITATION**

Each of Olympic Steel, Ryerson and their respective directors, executive officers and certain other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding these persons who may, under the rules of the SEC, be considered participants in the solicitation of Olympic Steel's shareholders in connection with the proposed transaction is set forth in the proxy statement/prospectus described above filed with the SEC. Additional information regarding Olympic Steel's executive officers and directors is included in Olympic Steel's definitive proxy statement, which was filed with the SEC on March 28, 2025. Additional information regarding Ryerson's executive officers and directors is included in Ryerson's definitive proxy statement, which was filed with the SEC on March 5, 2025. You can obtain free copies of these documents using the information in the paragraph immediately above.