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EXHIBIT 10.24

A.M. CASTLE & CO.

NON-EMPLOYEE DIRECTOR
RESTRICTED STOCK AWARD AGREEMENT
2017 MANAGEMENT INCENTIVE PLAN

GRANTEE: 
NUMBER OF SHARES OF RESTRICTED STOCK: 22,910
DATE OF GRANT: April 25, 2018
This is an award agreement (the “Award Agreement”) between A.M. Castle & Co., a Maryland corporation (the “Corporation”) and the individual named above (the “Grantee”).  The Corporation hereby grants to the Grantee an aggregate of the above-stated number of shares of Common Stock of the Corporation on the terms and conditions contained herein and in the 2017 Management Incentive Plan, and as may be further amended from time to time (the “Plan”).  Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to them in the Plan.
1.  Vesting of Restricted Stock.  Subject to the terms and conditions of this Award Agreement and the Plan, the Restricted Stock shall vest as follows:
NUMBER OF SHARES: 22,910 VESTED ON OR AFTER: April 25, 2019
2.  Stock Certificates.  Certificates for the Restricted Stock shall be issued by the Corporation in the name of the Grantee and delivered to the Grantee at the time of grant.  The certificates shall bear the following legend evidencing its restrictive nature as follows:
THE TRANSFERABILITY OF THIS CERTIFICATE AND THE SHARES OF STOCK REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS (INCLUDING FORFEITURE) CONTAINED IN THE 2017 MANAGEMENT INCENTIVE PLAN AND AN AGREEMENT ENTERED INTO BETWEEN THE REGISTERED OWNER AND A.M. CASTLE & CO.  A COPY OF SUCH PLAN AND AGREEMENT IS ON FILE IN THE OFFICE OF THE SECRETARY OF A. M. CASTLE & CO., 1420 KENSINGTON ROAD, SUITE 220, OAK BROOK, ILLINOIS 60523.
3.  Effect of Termination of Service as a Director.  If the Grantee’s service as a director of the Corporation terminates for any reason, other than due to a Change in Control, as defined below, then any Restricted Stock not vested as of such date will be forfeited to the Corporation, subject in each case to acceleration of vesting, as determined by the Committee in its sole discretion. 
4. Change in Control. If the Grantee’s service as a director of the Corporation terminates due to a Change in Control, then any Restricted Stock not vested as of such Change in Control will vest in full upon the closing of the Change in Control. For purposes of this Award Agreement, a “Change in Control” shall mean any of the following that occur after the Date of Grant:
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a. Approval by the stockholders of the Corporation of a complete dissolution or liquidation of the Corporation;
b.  Any sale or disposition to a “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act) of the assets of the corporation equal to more than fifty percent (50%) of the total gross fair market value of all of the assets of the Corporation before such sale or disposition, provided that, for purposes of this subparagraph, the “gross fair market value” shall be determined without regard to any liabilities associated with the assets of the Corporation or the assets so sold or disposed;
c. There is consummated a merger or consolidation of the Corporation or any direct or indirect subsidiary of the Corporation with any other corporation or entity, other than a merger or consolidation immediately following which the individuals who comprise the Board of the Corporation immediately prior thereto constitute at least a majority of the board of directors of (i) the Corporation, (ii) the entity surviving such merger or consolidation, or (iii) if the Corporation or the entity surviving such merger or consolidation is then a subsidiary, the ultimate parent thereof.
5.  Rights as Shareholder.  The Grantee shall have all rights of a shareholder prior to the vesting of the Restricted Stock, including the right to vote the shares and receive all dividends and other distributions paid or made with respect thereto.
6.  Transferability.  The Restricted Stock may not be transferred, assigned or made subject to any encumbrance, pledge or charge until such Restricted Stock has vested and any other restrictions or conditions on such Restricted Stock are removed, have been satisfied or expire.
7.  Amendment.  This Award Agreement may be amended only by a writing executed by the Corporation and the Grantee that specifically states that it is amending this Award Agreement.  Notwithstanding the foregoing, this Award Agreement may be amended solely by the Committee by a writing which specifically states that it is amending this Award Agreement, so long as a copy of such amendment is delivered to the Grantee, and provided that no such amendment adversely affecting the rights of the Grantee hereunder may be made without the Grantee’s written consent.  Without limiting the foregoing, the Committee reserves the right to change, by written notice to the Grantee, the provisions of the Restricted Stock or this Award Agreement in any way it may deem necessary or advisable to carry out the purpose of the grant as a result of any change in applicable laws or regulations or any future law, regulation, ruling or judicial decisions, provided that any such change shall be applicable only to shares of Restricted Stock which are than subject to restrictions as provided herein.
8.  Severability.  If all or any part of this Award Agreement is declared by any court or government authority to be unlawful or invalid, such unlawfulness or invalidity shall not invalidate any portion of this Award Agreement not declared to be unlawful or invalid.  Any Section of this Award Agreement so declared to be unlawful or invalid shall, if possible, be construed in a manner that will give effect to the terms of such Section to the fullest extent possible while remaining lawful and valid.
9.  Construction.  The Restricted Stock is being issued pursuant to Section 9 of the Plan and is subject to the terms of the Plan.  A copy of the Plan has been given to the Grantee and 
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additional copies of the Plan are available upon request during normal business hours at the principal executive officers of the Corporation.  To the extent that any provision of this Award Agreement violates or is inconsistent with an express provision of the Plan, the Plan provision shall govern and any inconsistent provision in this Award Agreement shall be of no force or effect.
10.  Binding Effect and Benefit.  This Award Agreement shall be binding upon and, subject to the conditions hereof, inure to the benefit of the Corporation, its successors and assigns, and the Grantee and his successors and assigns.
11. Entire Understanding.  This Award Agreement embodies the entire understanding and agreement of the parties in relation to the subject matter hereof, and no promise, condition, representation or warranty, expressed or implied, not herein stated, shall bind either party hereto.
12.  Governing Law; Choice of Forum.  This Agreement shall be governed by, and construed in accordance with, the laws of the State of Maryland.  The Grantee submits to the in personam jurisdiction of the federal and state courts in the district or county, respectively, in which Oak Brook, Illinois is situate and agrees that such courts shall be the sole and exclusive forum for the resolution of any disputes regarding the Plan or this Award Agreement. 
13. Signature in Counterparts.  This Award Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.  
The Corporation and the Grantee hereby agree to the terms and conditions of this Award Agreement and have executed it as of the Date of Grant set forth above.
A.M. CASTLE & CO.

____________________________________
By: Marec E. Edgar
Its: Executive Vice President, General Counsel, 
Secretary & Chief Administrative Officer

_________________________________

 

3rs_Ex4_05

		
			EXHIBIT 4.05
		

		
			 
		

		
			DESCRIPTION OF THE REGISTRANT’S SECURITIES
		

		
			REGISTERED PURSUANT TO SECTION 12 OF THE
		

		
			SECURITIES EXCHANGE ACT OF 1934
		

		
			 
		

		
			Reliance Steel & Aluminum Co. (“Reliance”) has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): our common stock.
		

		
			 
		

		
			The following summary of the terms of Reliance’s common stock, par value $.001 per share (the “common stock”) is not meant to be complete and is qualified by reference to the relevant provisions of the General Corporation Law of the State of Delaware (the “Delaware General Corporation Law”) and the complete text of Reliance’s Restated Certificate of Incorporation (the “certificate of incorporation”) and Amended and Restated Bylaws (the “bylaws”). Both our certificate of incorporation and bylaws are exhibits to our Annual Report on Form 10-K, of which this Exhibit 4.05 is a part.
		

		
			 
		

		
			Authorized Capital Stock
		

		
			 
		

		
			Reliance is authorized to issue (i) 200,000,000 shares of Common Stock, par value $.001 per share (herein called “common stock”), and (ii) 5,000,000 shares of Preferred Stock, par value $.001 per share (herein called “preferred stock”). 
		

		
			As of December 31, 2019, we had approximately 67 million shares of common stock issued and outstanding and no shares of preferred stock outstanding. All outstanding shares of common stock are validly issued, fully paid and non-assessable.
		

		
			American Stock Transfer & Trust Company, LLC, is the transfer agent and registrar for our common stock. Shares of common stock are listed on the New York Stock Exchange under the symbol “RS.”
		

		
			Dividends
		

		
			 
		

		
			Subject to applicable law and the rights, if any, of the holders of any outstanding series of preferred stock, dividends may be declared and paid on the common stock, out of funds available for their payment, at such times and in such amounts as the board in its discretion shall determine.
		

		
			 
		

		
			Voting Rights
		

		
			 
		

		
			The holders of common stock are entitled to one vote per share on all matters voted on by the stockholders, including the election of directors. Our common stock does not have cumulative voting rights.
		

		
			 
		

		
			Rights Upon Liquidation
		

		
			 
		

		
			Upon the dissolution, liquidation or winding up of Reliance, subject to the rights, if any, of the holders of any outstanding series of preferred stock, the holders of the common stock are entitled to receive the assets of Reliance available for distribution to its stockholders ratably in proportion to the number of shares held by them.
		

		
			 
		

		
			Other Rights
		

		
			 
		

		
			Holders of common stock have no conversion, preemptive or other rights to subscribe for additional shares of common stock. The common stock is not subject to further calls or assessments by Reliance, and there are no redemption or sinking fund provisions applicable to the common stock.
		

		
			 
		

		
			Provisions Relating to Amendments to Reliance’s bylaws and certificate of incorporation
		

		
			 
		

		
			Under Delaware General Corporation Law, stockholders have the right to adopt, amend or repeal the certificate of incorporation and bylaws of a corporation. However, Delaware General Corporation Law requires that any amendment to the certificate of incorporation also be approved by the board. Under Delaware General Corporation 

		 

Law, unless a higher vote is required in a corporation’s certificate of incorporation, amendments to the corporation’s certificate of incorporation will be adopted upon receiving at a properly convened meeting the affirmative vote of a majority of the votes cast by all stockholders entitled to vote thereon, and if any class or series is entitled to vote thereon as a class, the affirmative vote of a majority of the votes cast in each class vote.
		

		
			 
		

		
			In addition, the bylaws may be amended by the board with respect to all matters not exclusively reserved by law to the stockholders. Amendments to the bylaws may be adopted and approved by the affirmative vote of the holders of record of a majority of the outstanding shares of stock of Reliance entitled to vote at any annual or special meeting, or by the affirmative vote of a majority of the directors cast at any regular or special meeting, at which a quorum is present.
		

		
			 
		

		
			Certain Statutory and Charter Provisions
		

		
			 
		

		
			Certain provisions of the certificate of incorporation and bylaws summarized in the following paragraphs may be deemed to have an antitakeover effect and may delay, defer or prevent a tender offer or takeover attempt.
		

		
			 
		

		
			Potential Issuances of Preferred Stock and Preference Stock
		

		
			 
		

		
			The certificate of incorporation authorizes the board to issue up to 5,000,000 shares of preferred stock, from time to time, in such class or classes, and such series within any class, and with such designations, preferences and relative, participating, optional or other special rights, and qualifications, limitations or restrictions thereof as the board may determine.
		

		
			 
		

		
			Although the board has no intention at the present time of doing so, it could issue a class or series of preferred stock, or rights to acquire preferred stock, that could, depending on the terms of such class or series, dilute the interest of, or impair the voting power of, holders of the common stock, or could also be used as a method to impede completion of a merger, tender offer or other takeover attempt that the holders of some, or a majority, of Reliance shares might believe to be in their best interests or in which Reliance stockholders might receive a premium for their shares over the then-current market price of such shares.
		

		
			 
		

		
			Advance Notice Requirements for Stockholder Proposals 
		

		
			The bylaws contain an advance notice procedure for stockholder proposals to be brought before an annual meeting of stockholders, including proposed nominations of persons for election to the board. Stockholders at an annual meeting will only be able to consider proposals or nominations specified in the notice of meeting or brought before the meeting by or at the direction of the board or by a stockholder who has otherwise complied with the provisions of the bylaws and applicable law.  The bylaws may have the effect of precluding or delaying the conduct of certain business at a meeting if the proper procedures are not followed or may discourage or deter a potential acquirer from conducting a solicitation of proxies to elect its own slate of directors or otherwise attempting to obtain control of Reliance.  
		

		
			Proxy Access Nominations
		

		
			The bylaws permit an eligible stockholder or group of up to 20 stockholders who have owned 3% or more of Reliance’s common stock for at least three years to nominate and include in Reliance’s proxy statement director candidates to occupy up to the greater of two directors or 25% of the Board, provided that the stockholder has satisfied the notice and other requirements specified in the bylaws.
		

		
			Stockholder Action by Written Consent
		

		
			The bylaws provide that any action required or permitted to be taken at any annual or special meeting of the stockholders of Reliance may be taken without a meeting, without prior notice and without a vote if a consent or consents in writing, setting forth the action so taken, are signed by the holders of outstanding capital stock of Reliance having not less than the minimum number of votes necessary to authorize such action at a meeting at which all shares of capital stock entitled to vote thereon were present and voted.
		

		
			

		 

		

		
			Exclusive Forum  
		

		
			The certificate of incorporation provides that unless Reliance consents in writing to an alternative forum, the Court of Chancery of the State of Delaware will, to the fullest extent permitted by law, be the sole and exclusive forum for (i) any derivative action or proceeding brought on behalf of Reliance; (ii) any action asserting a claim of breach of a fiduciary duty owed by any director, officer, other employee or stockholder of Reliance to Reliance or Reliance’s stockholders; (iii) any action asserting a claim arising pursuant to any provision of the Delaware General Corporation Law or as to which the Delaware General Corporation Law confers jurisdiction upon the Court of Chancery of the State of Delaware; (iv) any action asserting a claim arising pursuant to any provision of the certificate of incorporation or the bylaws; or (v) any action asserting a claim that is governed by the internal affairs doctrine.  Any person or entity purchasing or otherwise acquiring or holding any interest in the shares of capital stock of Reliance will be deemed to have received notice and consented to the exclusive forum provision. This exclusive forum provision may have the effect of discouraging lawsuits against Reliance and Reliance’s directors, officers, employees and stockholders. This exclusive forum provision is intended to apply to claims arising under Delaware state law and would not apply to claims brought pursuant to the Exchange Act or Securities Act of 1933, as amended, or any other claim for which the federal courts have exclusive jurisdiction.

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