-----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, G+QwQ3gvVA0YSQMgRU/Dd4FrmgMcTaot4kLT6uMnGHj3a/G9vhnZnT2kDN7pKrxh ai0oAxILz3pFPF2WfMZs2Q== 0001193125-05-213308.txt : 20051102 0001193125-05-213308.hdr.sgml : 20051102 20051101181719 ACCESSION NUMBER: 0001193125-05-213308 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20051101 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051102 DATE AS OF CHANGE: 20051101 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RYERSON TULL INC /DE/ CENTRAL INDEX KEY: 0000790528 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-METALS SERVICE CENTERS & OFFICES [5051] IRS NUMBER: 363425828 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09117 FILM NUMBER: 051171056 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 d8k.htm FORM 8-K Form 8-K

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) November 1, 2005

 


 

RYERSON TULL, INC.

(Exact Name of Registrant as Specified in Its Charter)

 


 

Delaware

(State or Other Jurisdiction of Incorporation)

 

1-9117   36-3425828
(Commission File Number)   (I.R.S. Employer Identification No.)

 

2621 West 15th Place, Chicago, Illinois 60608

(Address Of Principal Executive Offices, including Zip Code)

 

(773) 762-2121

(Registrant’s Telephone Number, Including Area Code)

 

Not Applicable

(Former Name or Former Address, If Changed Since Last Report)

 


 

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)

 



Item 8.01 Other Events

 

On November 1, 2005, Ryerson Tull, Inc. issued a press release announcing the establishment of 10b5-1 sales plans by certain of its executive officers.

 

A copy of the press release dated November 1, 2005 is attached hereto as Exhibit 99.1.

 

Item 9.01. Financial Statements and Exhibits

 

(a) None

 

(b) None

 

(c) None

 

(d) Exhibit – The Exhibit Index included herewith is incorporated herein by reference


SIGNATURES

 

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: November 1, 2005

 

/s/ Lily L. May


   

By:

 

Lily L. May

   

Its:

 

Vice President, Controller and

Chief Accounting Officer


EXHIBIT INDEX

 

Exhibit

Number


 

Description


99.1   Press Release dated November 1, 2005
EX-99.1 2 dex991.htm PRESS RELEASE Press Release

EXHIBIT 99.1

 

 

LOGO

 

 

 

 

 

 

            N E W S    R E L E A S E

       

2621 West 15th Place

Chicago, IL 60608

_________________________

 

For additional information:

 

Terence R. Rogers

VP Finance and Treasurer

773.788.3720

 

 

Ryerson Tull, Inc. Executives Establish 10b5-1 Trading Plans

 

Chicago, Illinois – November 1, 2005 – Ryerson Tull, Inc. (NYSE: RT) today announced that Neil S. Novich, Chairman, President and CEO; Jay M. Gratz, Executive Vice President, CFO and President – RTCP; and Gary J. Niederpruem, Executive Vice President, entered into sales plans established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. These plans will commence on November 14, 2005. Other Ryerson Tull executives may, from time to time, adopt similar plans.

 

At the date of execution, Mr. Novich had beneficial ownership of 941,155 Ryerson Tull shares. An additional 127,050 shares subject to Ryerson Tull stock options previously granted to Mr. Novich will become exercisable on January 22, 2006. Under the terms of the sales plan, Mr. Novich could reduce his beneficial ownership to as low as 750,000 shares. Mr. Gratz had beneficial ownership of 371,327 Ryerson Tull shares. An additional 48,840 shares subject to Ryerson Tull stock options previously granted to Mr. Gratz will become exercisable on January 22, 2006. Under the terms of the sales plan, Mr. Gratz could reduce his beneficial ownership to as low as 315,167 shares. Mr. Niederpruem had beneficial ownership of 344,400 Ryerson Tull shares. An additional 48,840 shares subject to Ryerson Tull stock options previously granted to Mr. Niederpruem will become exercisable on January 22, 2006. Under the terms of the sales plan, Mr. Niederpruem could reduce his beneficial ownership to as low as 270,000 shares.

 

The actual number of shares sold is subject to a pre-established formula, and may vary depending on market price and the level of stock ownership attained by each executive relative to the stock ownership guidelines established by Ryerson Tull.

 

All of the plans provide that the shares would be sold over a period of time ending not earlier than October 6, 2006 or later than January 31, 2008. Under certain circumstances the number of shares to be sold may increase to provide for the exercise and sale of shares subject to options that expire before January 31, 2008.

 

The 10b5-1 trading plans will allow the Company’s executive officers to commence orderly acquisitions and dispositions of shares of the Company’s common stock that the executives have the right to acquire under outstanding employee stock options issued under the Registrant’s incentive stock plans. The executives will be able to accumulate shares toward attainment of the stock ownership goals established by Ryerson Tull and to diversify their holdings.

 

“Our executive compensation is heavily weighted toward performance shares and options. Following these conditional sales, members of the executive team would continue to retain a significant interest in Ryerson,” said Mr. Novich.

 

The Compensation Committee has set Stock Ownership Guidelines for the Company’s executives. The Company’s executive officers and other senior executives are required to own shares valued at a specified multiple of base salary. Until those ownership levels are achieved, our executives must retain a specified percentage of earned performance shares, exercised options, and other incentive stock awards.


None of these executive officers had knowledge of any material nonpublic information at the time these plans were adopted. All transactions will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission. Form 4 filings will also be posted in the Investor Information section of the Registrant’s web site, www.ryersontull.com.

 

Ryerson Tull, Inc. is North America’s leading distributor and processor of metals, with revenues of $4.5 billion through the first nine months of 2005. The company services customers through a network of service centers across the United States and in Canada, Mexico, and India. On January 1, 2006, the company will change its name to Ryerson Inc. and adopt the ticker symbol ‘RYI’.

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