Reliance, Inc. Files 8-K on Director/Officer Changes & Shareholder Votes
Ticker: RS · Form: 8-K · Filed: May 16, 2024 · CIK: 861884
| Field | Detail |
|---|---|
| Company | Reliance, Inc. (RS) |
| Form Type | 8-K |
| Filed Date | May 16, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, shareholder-vote
TL;DR
Reliance Inc. 8-K: Director/officer changes, shareholder votes, and financials filed May 16.
AI Summary
Reliance, Inc. filed an 8-K on May 16, 2024, reporting events as of May 15, 2024. The filing covers the departure and election of directors, appointment of officers, compensatory arrangements, and submission of matters to a vote of security holders. It also includes financial statements and exhibits.
Why It Matters
This 8-K filing provides crucial updates on the company's leadership and governance, which can impact strategic direction and investor confidence.
Risk Assessment
Risk Level: low — This is a routine 8-K filing detailing corporate governance and financial updates, not indicating immediate operational or financial distress.
Key Players & Entities
- RELIANCE, INC. (company) — Registrant
- May 15, 2024 (date) — Earliest event reported
- May 16, 2024 (date) — Date of report
FAQ
What specific items are covered under 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'?
The filing indicates these items are covered, but the specific details of departures, elections, appointments, and compensatory arrangements are not provided in this summary section of the 8-K.
What is the significance of 'Submission of Matters to a Vote of Security Holders' being listed?
This indicates that the company has presented or will present certain proposals or issues for shareholders to vote on, which is a key governance event.
What type of financial statements and exhibits are included in this filing?
The filing states that 'Financial Statements and Exhibits' are included, but the specific nature or content of these documents is not detailed in the provided text.
When was Reliance, Inc. incorporated and in which jurisdiction?
Reliance, Inc. was incorporated in Delaware.
What is the SIC code for Reliance, Inc. and what does it represent?
The SIC code is 5051, which represents 'WHOLESALE-METALS SERVICE CENTERS & OFFICES'.
Filing Stats: 862 words · 3 min read · ~3 pages · Grade level 9.4 · Accepted 2024-05-16 16:00:19
Key Financial Figures
- $0.001 — nge on which registered Common stock, $0.001 par value RS New York Stock Exchang
Filing Documents
- tm2414656d1_8k.htm (8-K) — 43KB
- tm2414656d1_ex10-1.htm (EX-10.1) — 6KB
- 0001104659-24-062500.txt ( ) — 223KB
- rs-20240515.xsd (EX-101.SCH) — 3KB
- rs-20240515_lab.xml (EX-101.LAB) — 33KB
- rs-20240515_pre.xml (EX-101.PRE) — 22KB
- tm2414656d1_8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) On May 15, 2024, the stockholders of Reliance, Inc. (the "Company") approved an amendment to the Reliance, Inc. Second Amended and Restated 2015 Incentive Award Plan (the "Amended Plan") to extend its duration by 5 years (through 2030). The material terms and conditions of the Amended Plan have been previously described under Proposal No. 4 in the Company's Definitive Proxy (the "Proxy Statement"), and in the Amended Plan document attached as Annex A thereto. The description of the Amended Plan in the Proxy Statement is incorporated by reference into Item 5.02 of this Current Report on Form 8-K. The summary is qualified in its entirety by the full text of the Amended Plan, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
07
Item 5.07 Submission of Matters to a Vote of Security Holders. (a) On May 15, 2024, the Company held its Annual Meeting of Stockholders (the "Annual Meeting") via live webcast. At the Annual Meeting, 50,921,721 shares were represented in person or by proxy, or 88.67% of the total shares outstanding as of the record date for the Annual Meeting. (b) The Company's stockholders voted on the matters set forth below: (1) Each of the nominees for election to the Company's Board of Directors (the "Board") were elected to hold office until the Company's next Annual Meeting of Stockholders, based upon the following votes: Nominee for director Votes For Votes Against Votes Abstained Broker Non-Votes Lisa L. Baldwin 46,231,942 1,016,903 28,286 3,644,590 Karen W. Colonias 46,550,321 675,315 51,495 3,644,590 Frank J. Dellaquila 46,898,886 345,204 33,041 3,644,590 Mark V. Kaminski 45,433,247 1,816,165 27,719 3,644,590 Karla R. Lewis 47,083,105 174,065 19,961 3,644,590 Robert A. McEvoy 46,180,505 1,058,194 38,432 3,644,590 David W. Seeger 46,169,442 1,068,880 38,809 3,644,590 Douglas W. Stotlar 43,216,317 4,040,357 20,457 3,644,590 (2) The proposal to approve, on an advisory basis, the compensation of the Company's named executive officers was approved based upon the following votes: The vote was 45,486,561 for; 1,742,917 against; and 47,653 abstentions. There were 3,644,590 broker non-votes. 2 (3) The proposal to ratify the selection of KPMG LLP as the Company's independent registered public accounting firm for the 2024 fiscal year was approved based upon the following votes: The vote was 50,230,150 for; 624,481 against; and 67,090 abstentions. There were no broker non-votes. (4) The proposal to approve an amendment to the Reliance, Inc. Second Amended and Restated 2015 Incentive Award Plan to extend its duration by 5 years was approved based upon the following votes. The vote was 45,679,584 for; 1,543,0
SIGNATURES
SIGNATURES 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, INC. Dated: May 16, 2024 By: /s/ William A. Smith II William A. Smith II Senior Vice President, General Counsel and Corporate Secretary 4