Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On October 6, 2021, Reliance Steel & Aluminum Co. (the "Company") announced that
it increased the size of its Board of Directors from eleven to twelve directors
and appointed Frank J. Dellaquila to serve as an independent director, effective
October 5, 2021. Mr. Dellaquila's term will expire at the Company's 2022 Annual
Meeting of Stockholders. Mr. Dellaquila will serve on the Audit Committee of the
Board of Directors and the Board has designated him as an audit committee
financial expert.
Mr. Dellaquila, 64, is the senior executive vice president and chief financial
officer of Emerson Electric Co., a technology and engineering company providing
solutions across a broad range of industries and markets. He joined Emerson in
1991 and previously held other executive positions with the company before being
named CFO in 2009. Mr. Dellaquila earned a Bachelor of Science degree in
accounting from Fordham University and a Masters of Business Administration in
finance from Columbia University.
Mr. Dellaquila will participate in the current director compensation
arrangements applicable to non-employee directors, which are described under
"Director Compensation" in the Company's definitive proxy statement on Schedule
14A filed with the Securities and Exchange Commission on April 8, 2021. The
Company will enter into an indemnification agreement with Mr. Dellaquila in
substantially the form of the Company's standard form of indemnification
agreement. Such form of indemnification agreement was included as Exhibit 10.1
to the Company's Current Report on Form 8-K filed on February 18, 2016 and is
incorporated herein by reference.
There are no arrangements or understandings between Mr. Dellaquila and any other
persons pursuant to which he was selected as a director. Additionally,
Mr. Dellaquila does not have any direct or indirect material interest in any
transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
A copy of the press release issued by the Company announcing Mr. Dellaquila's
appointment 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 October 5, 2021 (included herewith).
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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