SEC Filings

DEF 14A
RELIANCE STEEL & ALUMINUM CO filed this Form DEF 14A on 04/05/2019
Entire Document
 

PROXY STATEMENT

TABLE OF CONTENTS

 

 

 

 

    

Page

PROXY SUMMARY 

 

1

 

 

 

VOTING INFORMATION 

 

7

 

 

 

INFORMATION CONCERNING OUR COMMON STOCK 

 

9

 

 

 

PROPOSAL NO. 1 – ELECTION OF DIRECTORS 

 

10

 

 

 

PROPOSAL NO. 2 – ADVISORY VOTE ON THE APPROVAL OF THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS 

 

11

 

 

 

PROPOSAL NO. 3 – RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  

 

12

 

 

 

MANAGEMENT 

 

14

 

 

 

Directors and Executive Officers 

 

14

 

 

 

COMPENSATION DISCUSSION AND ANALYSIS 

 

20

 

 

 

Executive Summary 

 

20

Executive Compensation Program Design 

 

21

2018 Financial and Operating Highlights 

 

21

Relationship Between Pay and Performance 

 

22

Key Executive Compensation Practices 

 

24

2018 Say on Pay Vote 

 

24

2019 Executive Succession 

 

25

Overview of Our Executive Compensation Program 

 

25

Compensation Program Objectives 

 

25

Elements of Compensation 

 

27

Allocation of Compensation Components 

 

30

Mix of Principal Compensation Components 

 

30

How We Make Decisions Regarding Executive Compensation 

 

31

Compensation Committee and Independent Directors 

 

31

Independent Compensation Consultant 

 

31

Compensation Committee Review of Executive Compensation Peer Group
and Other Data
 

 

32

Executive Compensation Peer Group 

 

32

Analysis of 2018 Company and Executive Compensation Peer Group Compensation 

 

33

Internal Pay Equity 

 

33

Principal Components of Our Executive Compensation Program 

 

34

Base Salary 

 

34

Annual Cash Incentive Awards 

 

34

Long-Term Equity Incentive Compensation 

 

35

SERP and Deferred Compensation Plan 

 

36

Other Benefits 

 

37

iv