UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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.
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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
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Cover |
Jun. 28, 2021 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Jun. 28, 2021 |
Entity File Number | 001-13122 |
Entity Registrant Name | RELIANCE STEEL & ALUMINUM CO. |
Entity Central Index Key | 0000861884 |
Entity Tax Identification Number | 95-1142616 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 350 South Grand Avenue |
Entity Address, Address Line Two | Suite 5100 |
Entity Address, City or Town | Los Angeles |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 90071 |
City Area Code | 213 |
Local Phone Number | 687-7700 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $0.001 par value |
Trading Symbol | RS |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
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