-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VbFLWlLxYVl8k/jsDFxHJzH9uETszWheTmKQBT6mUJUqt2n/K88FD/8hV/z0DSQw SwWzv95Bc/U/h+fUerq1Cg== /in/edgar/work/20000607/0000950131-00-003785/0000950131-00-003785.txt : 20000919 0000950131-00-003785.hdr.sgml : 20000919 ACCESSION NUMBER: 0000950131-00-003785 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000606 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000607 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RYERSON TULL INC /DE/ CENTRAL INDEX KEY: 0000790528 STANDARD INDUSTRIAL CLASSIFICATION: [3312 ] IRS NUMBER: 363425828 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-09117 FILM NUMBER: 650710 BUSINESS ADDRESS: STREET 1: 2621 WEST 15TH PLACE CITY: CHICAGO STATE: IL ZIP: 60608 BUSINESS PHONE: 7737622121 MAIL ADDRESS: STREET 1: 2621 WEST 15TH PLACE CITY: CHICAGO STATE: IL ZIP: 60608 FORMER COMPANY: FORMER CONFORMED NAME: INLAND STEEL INDUSTRIES INC /DE/ DATE OF NAME CHANGE: 19920703 8-K 1 0001.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 June 6, 2000 (Date of earliest event reported) RYERSON TULL, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 1-9117 36-3425828 (State or Other (Commission (IRS Employer Jurisdiction of File Number) Identification Incorporation) Number) 2621 West 15th Place, Chicago, Illinois 60608 (Address of Principal Offices, including zip code) (773) 762-2121 (Registrant's telephone number, including area code) Item 5. Other Events ------------ The Press Release dated June 6, 2000 attached hereto as an exhibit is incorporated herein by reference in answer to this Item 5. Item 7. Exhibits -------- 99.1 Press Release, dated June 6, 2000 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. RYERSON TULL, INC. Dated: June 6, 2000 By: /s/ Joyce E. Mims ----------------------------------------- Name: Joyce E. Mims Title: Vice President, General Counsel and Secretary EXHIBIT INDEX Exhibit Number Description - ------ ----------- 99.1 Press Release, dated June 6, 2000. EX-99.1 2 0002.txt PRESS RELEASE Terence R. Rogers Treasurer 773-788-3206 For Immediate Release - --------------------- RYERSON TULL ANNOUNCES RESTRUCTURING PLAN Chicago, Illinois - June 6, 2000 - At employee meetings being held today at all of its locations, Ryerson Tull, Inc. (NYSE: RT) is announcing plans to make significant organizational and business process changes. The purpose is to create a more customer-focused organization, with greater speed and responsiveness, while enhancing overall efficiency, quality and service. As a result of the restructuring, the company expects to generate annualized cost savings of approximately $30 million beginning in 2001. Details regarding the restructuring charges will be disclosed at the time of the company's second quarter earnings announcement. In late 1999, Ryerson Tull formed a team to study its organization and business processes to determine how it should be structured in order to achieve its growth and profitability goals. "We challenged our people to rethink how we are organized and how we manage our business. The result was a lot of fresh ideas and innovative solutions for best meeting our customers' needs and improving how we run Ryerson Tull," stated Neil S. Novich, Chairman, President and CEO of Ryerson Tull. Customer-Focused Organizational Structure Following the reorganization, there will be 13 geographic divisions each composed of three to seven service centers. These divisions will be headed by vice presidents who will have full accountability for marketing, pricing, growth, profitability, customer service, and quality. "This will push decision making closer to the customer, increasing speed, and making the company more responsive to local market conditions," said Novich, who noted that these changes are also a result of customer input. Ryerson Tull will close regional offices in West Chester, Pennsylvania, and Seattle, Washington as a result of these changes. Purchasing services have been centralized under a chief procurement officer. Human resources, credit, and accounting will also be centralized, enabling the company to capture economies of scale. Additionally, resources will be reallocated to higher-growth areas, such as the Customer Solutions Team. "Although most of the planning and decision making is behind us, we need our employees' active involvement in determining the final details, to achieve the best results," added Novich. "When the employee teams have completed their work, we will be able to announce the restructuring charges." "Although we are making significant changes to the structure of our organization, we have not changed course in terms of strategy," concluded Novich. "With our national network of service centers, extensive processing capabilities, technology leadership, and other value-added services, Ryerson Tull is uniquely positioned to capitalize on the rapid changes occurring in the metals service center industry." Ryerson Tull, Inc. is North America's leading distributor and processor of metals, with annual revenues of $2.8 billion. The company has a network of nearly 70 facilities across the United States and in Canada. It also has investments in service center operations in Mexico and Asia, and maintains metal trading capabilities around the world. -----END PRIVACY-ENHANCED MESSAGE-----