SEC Info - Olympic Steel Inc. - ‘8-K’ for 6/16/21

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Olympic Steel Inc. – ‘8-K’ for 6/16/21

On: Monday, 6/21/21, at 7:42am ET · For: 6/16/21 · Accession #: 1437749-21-15165 · File #: 0-23320

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/21/21  Olympic Steel Inc.                8-K:1,2,9   6/16/21   12:1.5M                                   RDG Filings/FA

Current Report — Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     24K 
 2: EX-4.30     Instrument Defining the Rights of Security Holders  HTML    690K 
 8: R1          Document And Entity Information                     HTML     46K 
10: XML         IDEA XML File -- Filing Summary                      XML     12K 
 7: XML         XBRL Instance -- zeus20210617_8k_htm                 XML     13K 
 9: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 4: EX-101.DEF  XBRL Definitions -- zeus-20210616_def                XML     37K 
 5: EX-101.LAB  XBRL Labels -- zeus-20210616_lab                     XML     48K 
 6: EX-101.PRE  XBRL Presentations -- zeus-20210616_pre              XML     36K 
 3: EX-101.SCH  XBRL Schema -- zeus-20210616                         XSD     14K 
11: JSON        XBRL Instance as JSON Data -- MetaLinks               12±    19K 
12: ZIP         XBRL Zipped Folder -- 0001437749-21-015165-xbrl      Zip    164K

‘8-K’ — Current Report

This is an HTML Document rendered as filed. [ Alternative Formats ]

iX: C:

i false i 0000917470 0000917470 2021-06-16 2021-06-16

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM i 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): i June 16, 2021

i OLYMPIC STEEL, INC.

(Exact Name of Registrant as Specified in its Charter)

i Ohio	i 0-23320	i 34-1245650
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

i 22901 Millcreek Boulevard, Suite 650 i Highland Hills, i Ohio		i 44112
(Address of Principal Executive Offices)		(Zip Code)

(Registrant’s telephone number, including area code) ( i 216) i 292-3800

(Former name or former address, if changed since last report.)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
i Common Stock, without par value	i ZEUS	i The NASDAQ Stock Market LLC

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

i ☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

i ☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

i ☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

i ☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company i ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01.

Entry into a Material Definitive Agreement.

On June 16, 2021, Olympic Steel, Inc., an Ohio corporation (the “Company”), and certain of its wholly-owned domestic direct and indirect subsidiaries (collectively with the Company, the “Borrowers”) entered into a Fourth Amendment to Third Amended and Restated Loan and Security Agreement (the “Fourth Amendment”), with the lenders party thereto (the “Lenders”) and Bank of America, N.A., as Agent for the Lenders.

The Fourth Amendment amends the Third Amended and Restated Loan and Security Agreement, dated as of December 8, 2017, as amended, among the Borrowers party thereto, the Lenders and the Agent.

The Fourth Amendment, among other things, extends the maturity date to June 16, 2026, includes an option to increase the size of the revolving credit facility by up to $200 million with the consent of the lenders, and provides for the ability to add real estate as collateral at the Company’s discretion.

The above summary of the Fourth Amendment is qualified in its entirety by reference to the Fourth Amendment, which is attached hereto as Exhibit 4.30 and is incorporated herein by reference.

Item 2.03

Creation of a Direct Financial Obligation

The information set forth in Item 1.01 is incorporated herein by reference into this Item 2.03.

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit Number	Description

4.30	Fourth Amendment to Third Amended and Restated Loan and Security Agreement, dated as of June 16, 2021, among the Company, Olympic Steel Lafayette, Inc., Olympic Steel Minneapolis, Inc., Olympic Steel Iowa, Inc., Oly Steel NC, Inc., IS Acquisition, Inc., Chicago Tube and Iron Company, B Metals, Inc., MCI, Inc., ACT Acquisition, Inc., the lenders from time to time party thereto and Bank of America, N.A. as Agent for the Lenders.

104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

	OLYMPIC STEEL INC.


	By:	/s/ *Richard A. Manson*
		Richard A. Manson
		Chief Financial Officer

Date: June 18, 2021

Dates Referenced Herein and Documents Incorporated by Reference

This ‘8-K’ Filing	Date	Other Filings

	6/16/26
Filed on:	6/21/21
	6/18/21
For Period end:	6/16/21
	12/8/17	8-K
		List all Filings

6 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/23/24  Olympic Steel Inc.                10-K       12/31/23  107:9.6M                                   RDG Filings/FA
 2/24/23  Olympic Steel Inc.                10-K       12/31/22  103:9.2M                                   RDG Filings/FA
 2/25/22  Olympic Steel Inc.                10-K       12/31/21  107:9.7M                                   RDG Filings/FA
 9/03/21  Olympic Steel Inc.                S-8         9/03/21    5:91K                                    RDG Filings/FA
 9/03/21  Olympic Steel Inc.                424B5                  1:354K                                   Donnelley … Solutions/FA
 8/06/21  Olympic Steel Inc.                10-Q        6/30/21   77:6.5M                                   RDG Filings/FA

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Filing Submission 0001437749-21-015165 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)