Item 5.02 Departure of Directors or Certain Officers; Election of Directors;


          Appointment of Certain Officers; Compensatory Arrangements of CertTain
          Officers.


On November 9, 2020, the Board of Directors (the "Board") of Schnitzer Steel Industries, Inc. (the "Company") increased the number of authorized directors from eight to nine and elected Glenda J. Minor to serve as a Class III director with a term expiring at the Company's 2021 annual meeting of shareholders. Ms. Minor was also appointed to serve on the Audit and Nominating & Corporate Governance Committees of the Board.

Ms. Minor has extensive finance and international leadership experience at Fortune 100 public and private companies in the automotive, steel and defense industries throughout North America, Europe, Asia and South America. Since 2016, she has served as Chief Executive Officer and Principal of Silket Advisory Services, a privately-owned consulting firm. Silket Advisory Services advises companies on financial, strategic, and operational initiatives. From 2010 until 2015, Ms. Minor was Senior Vice President and Chief Financial Officer of EVRAZ North America Limited. Prior to this, Ms. Minor held both domestic and international executive finance roles with increasing levels of managerial responsibility at Visteon Corporation and DaimlerChrysler, as well as financial management roles at General Motors Corporation and General Dynamics Corporation. Ms. Minor currently serves on the Boards of Directors of Curtiss-Wright Corporation and Albemarle Corporation.

As a non-employee director, Ms. Minor will participate in the Company's non-employee director compensation arrangements as described in the Company's 2020 annual meeting proxy statement filed with the Securities and Exchange Commission ("SEC") on December 18, 2019. In connection with her election to the Board, Ms. Minor received a prorated stock award consisting of 1,158 Deferred Stock Units with a grant date value of $25,785. In addition, it is expected that Ms. Minor will enter into the Company's standard form of indemnification agreement. The form of the indemnification agreement was filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the SEC on May 3, 2016 and is incorporated herein by reference.

There is no arrangement or understanding between Ms. Minor and any other persons pursuant to which such director was selected as a director nor are there any family relationships between Ms. Minor and any of the Company's executive officers and directors. In addition, there are no transactions involving the Company and Ms. Minor that are reportable pursuant to Item 404(a) of Regulation S-K.

On November 12, 2020, the Company issued a press release announcing the election of Ms. Minor, a copy of which is attached hereto as Exhibit 99.1, and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits





(d) Exhibits



  99.1     Press Release of Schnitzer Steel Industries, Inc. issued on November
         12, 2020.


--------------------------------------------------------------------------------

© Edgar Online, source Glimpses