Ryerson Holding Corporation held a special meeting on February 12, 2026, where stockholders approved the issuance of common stock pursuant to the Merger Agreement with Olympic Steel, Inc. The merger closing is expected on February 13, 2026, subject to customary conditions, after which Olympic will become a wholly owned subsidiary and cease trading on NASDAQ.
Key takeaways
Special Meeting held at 9:30 a.m. ET on February 12, 2026, with 29,296,712.52 shares present (90.95% quorum)
Ryerson issuance proposal approved: 29,137,754.52 For, 155,559 Against, 3,399 Abstentions
Merger Agreement dated October 28, 2025, involves Merger Sub merging into Olympic
Olympic shareholders also approved the merger at their special meeting on February 12, 2026
Merger closing expected February 13, 2026; Olympic shares to cease trading on NASDAQ
Olympic shareholders to receive 1.7105 Ryerson shares per Olympic share