Item 1.01 Entry into a Material Definitive Agreement.

On June 27, 2020, Synalloy Corporation (the "Company") entered into Amendment No. 1 (the "Amendment") to the Rights Agreement, dated as of March 31, 2020, between the Company and American Stock Transfer & Trust Company, LLC, as rights agent (the "Rights Agreement").

The Amendment terminated the Rights Agreement by accelerating the expiration time of the Company's common stock purchase rights (each, a "Right" and collectively, the "Rights") to 11:59 P.M., New York City time, on June 28, 2020. At the time of the termination of the Rights Agreement, all of the Rights, which were distributed to holders of the Company's common stock, par value $1.00, pursuant to the Rights Agreement, expired.

The foregoing is a summary of the terms of the Amendment. The summary does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is attached as Exhibit 4.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.



4.1      Amendment No. 1 to the Rights Agreement, dated as of June 27, 2020,
       between Synalloy Corporation and American Stock Transfer & Trust Company,
       LLC, as Rights Agent


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