RELIANCE STEEL & ALUMINUM CO (Form: 8-K, Received: 07/01/2021 08:26:12)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 28, 2021

RELIANCE STEEL & ALUMINUM CO.

(Exact name of registrant as specified in its charter)

Delaware		001-13122		95-1142616
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

350 South Grand Avenue, Suite 5100

Los Angeles, CA 90071

(Address of Principal Executive Offices) (Zip Code)

(213) 687-7700

(Registrant’s telephone number, including area code)

Not applicable.

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.001 par value		RS		New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Retirement of William K. Sales, Jr.

On June 28, 2021, William K. Sales, Jr., Executive Vice President, Operations of Reliance Steel & Aluminum Co. (the “Company”) informed the Company that he will be retiring effective January 31, 2022. In advance of his retirement, Mr. Sales will transition from his current position to the role of Special Advisor, effective July 1, 2021. As Special Advisor, Mr. Sales will report directly to James D. Hoffman, the Company’s Chief Executive Officer, and help facilitate the transition of his role as well as support other special projects.

A copy of the press release issued by the Company announcing Mr. Sales’s retirement and other executive leadership changes is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K. Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Registrant under the Securities Act of 1933 or the Exchange Act.

Item 9.01.

Financial Statements and Exhibits.

Exhibit No.		Description
99.1		Press Release dated July 1, 2021 (included herewith).
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	RELIANCE STEEL & ALUMINUM CO.


Date: July 1, 2021	By:	/s/ William A. Smith II
		William A. Smith II
		Senior Vice President, General Counsel and Corporate Secretary

Exhibit 99.1

NEWS RELEASE

FOR IMMEDIATE RELEASE

RELIANCE STEEL & ALUMINUM CO. ANNOUNCES Executive OFFICER Retirement and promotions

	−	William K. Sales retiring as Executive Vice President, Operations
	−	Sean M. Mollins promoted to Senior Vice President, Operations
	−	Brian Yamaguchi promoted to Vice President, Supplier Development

Los Angeles— July 1, 2021—Reliance Steel & Aluminum Co. (NYSE: RS) today announced the retirement of William K. Sales, Jr. as its Executive Vice President, Operations, effective January 2022. In advance of his retirement, Mr. Sales will transition from his current position to the role of Special Advisor, effective July 1, 2021. As Special Advisor, Bill will report directly to Jim Hoffman, Reliance’s Chief Executive Officer, and help facilitate the transition of his role as well as support other special projects.

Consistent with the Board’s executive leadership succession plan at all levels of the organization, Reliance also announced the promotion of Sean M. Mollins to Senior Vice President, Operations and the promotion of Brian Yamaguchi to Vice President, Supplier Development.

“On behalf of the entire Reliance team, I would like to congratulate Bill on a very successful career including 24 years of service to the Company,” said Jim Hoffman, Reliance’s Chief Executive Officer. “As Executive Vice President, Operations, Bill’s focus on our aluminum and stainless steel operations and tremendous knowledge and experience in several of our key end markets, such as aerospace and semiconductors, have been highly valuable contributions to the success of the Company. Bill has also played a critical role in developing and advancing strategic partnerships with many of our aluminum and stainless mill partners. We wish him all the best in his retirement.”

Mr. Hoffman continued, “We are very excited to announce these important management changes that reflect a deliberate succession planning process developed in conjunction with our Board of Directors and support Reliance’s continuous growth and development as the leader in the metals service center industry.”

350 South Grand Avenue, Suite 5100 I Los Angeles CA 90071 I Phone: 213-687-7700 I Fax: 213-687-8792 I www.rsac.com

“I would like to congratulate both Sean and Brian on their well-deserved promotions,” added Karla Lewis, President of Reliance. “We are thrilled to have Sean join the senior leadership team given his broad industry knowledge and experience, proven leadership skills, and passion and energy for our business. In addition, we look forward to further benefitting from Brian’s outstanding people skills, strong product knowledge and diligent negotiating abilities as he leads our supplier development into the future.”

Prior to being promoted to Senior Vice President, Operations, Mr. Mollins served as President of PDM Steel Service Centers, Inc., a wholly-owned subsidiary of Reliance, where he was responsible for the PDM network of nine metal service center locations along with certain other Reliance operations. Before joining Reliance in 2008, Mr. Mollins began his career at Kaiser Aluminum Corp. in 2002.

Prior to his promotion to Vice President, Supplier Development, Mr. Yamaguchi served as Senior Director, Supplier Development. In 1986, Mr. Yamaguchi joined the Earle M. Jorgensen Company (“EMJ”) which became a Reliance subsidiary in 2006. He has held various positions of increasing responsibility in sales and merchandising at EMJ including his promotion to Vice President, Merchandising in 2012. Mr. Yamaguchi joined Reliance Corporate as Director, Supplier Development in 2014.

About Reliance Steel & Aluminum Co.

Founded in 1939 and headquartered in Los Angeles, California, Reliance Steel & Aluminum Co. (NYSE: RS) is a leading global diversified metal solutions provider and the largest metals service center company in North America. Through a network of approximately 300 locations in 40 states and 13 countries outside of the United States, Reliance provides value-added metals processing services and distributes a full-line of over 100,000 metal products to more than 125,000 customers in a broad range of industries. Reliance focuses on small orders with quick turnaround and increasing levels of value-added processing. In 2020, Reliance’s average order size was $1,910, approximately 49% of orders included value-added processing and approximately 40% of orders were delivered within 24 hours.

Reliance Steel & Aluminum Co.’s press releases and additional information are available on the Company’s website at www.rsac.com.

CONTACT:

(213) 576-2428

investor@rsac.com

or Addo Investor Relations

(310) 829-5400