SEC Filings

PRE 14A
RELIANCE STEEL & ALUMINUM CO filed this Form PRE 14A on 04/06/2001
Entire Document
 
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                             EXECUTIVE COMPENSATION
 
     The following table summarizes certain information concerning the
compensation paid by the Company during fiscal years 2000, 1999 and 1998 to its
chief executive officer and each of the other four most highly compensated
executive officers whose aggregate salary and bonus exceeded $100,000 for
services rendered in all capacities to the Company during fiscal 2000:
 
                           SUMMARY COMPENSATION TABLE
 

<TABLE>
<CAPTION>
                                                                                   LONG TERM
                                                                                  COMPENSATION
                                                                            ------------------------
                                                                                          SECURITIES
                                             ANNUAL COMPENSATION            RESTRICTED    UNDERLYING
          NAME AND                    ----------------------------------      STOCK        OPTIONS/        ALL OTHER
     PRINCIPAL POSITION       YEAR     SALARY     BONUS(1)     OTHER(3)       AWARDS       SARS(#)      COMPENSATION(2)
     ------------------       ----    --------    ---------    ---------    ----------    ----------    ---------------
<S>                           <C>     <C>         <C>          <C>          <C>           <C>           <C>
David H. Hannah,............  2000    $400,000    $508,508     $306,533                     10,000          $9,707
  President and Chief         1999     355,000     451,321      302,068                     75,000           9,547
  Executive Officer           1998     325,000     331,946                                                   9,884
Gregg J. Mollins,...........  2000    $300,000    $381,425     $563,625                     10,000          $9,707
  Executive Vice              1999     255,000     324,238                                  75,000           9,547
  President and Chief         1998     235,000     240,071                                                   9,884
  Operating Officer
Karla R. McDowell,..........  2000    $180,000    $228,925     $147,774                     10,000          $9,707
  Senior Vice President       1999     150,000     153,300      139,669                     30,000           9,547
  and Chief Financial         1998     100,000      77,083                                                   8,711
  Officer
James P. MacBeth............  2000    $170,000    $173,717                                                  $9,661
  Vice President,             1999     150,000     153,300                                  28,875           9,547
  Carbon Steel Operations     1998     120,000     105,700                                   9,000           9,661
William K. Sales, Jr. ......  2000    $170,000    $173,717                                                  $9,707
  Vice President, Non-        1999     150,000     153,300                                  28,875           4,800
  Ferrous Operations          1998     140,000     108,092                                                   4,800
</TABLE>

 
---------------
(1) The amounts shown were paid under the Company's Key-Man Incentive Plan and
    also include Christmas gifts.
 
(2) Amounts represent allocations to the accounts of each of the named executive
    officers of contributions made to the Company's ESOP and the amount which
    represents the Company's matching contribution to its 401(k) savings plan.
 
(3) The 2000 and 1999 amounts represent the difference between the exercise
    price and fair market value at date of exercise of non-qualified stock
    options. See "Aggregated Options/SAR Exercises in Last Fiscal Year and
    FY-End Option/SAR Values".
 
     During the fiscal years ended December 31, 2000, 1999 and 1998,
non-qualified stock options for 30,000, 237,750, and 9,000 shares, respectively,
of the Company's Common Stock were granted to the executive officers named in
the previous table. The following table sets forth information for the executive
officers named above with regard to stock options granted during the year ended
December 31, 2000:
 
                     OPTIONS AND STOCK APPRECIATION RIGHTS
                        GRANTED DURING LAST FISCAL YEAR
 

<TABLE>
<CAPTION>
                                                                                   POTENTIAL REALIZABLE
                                                                                     VALUE AT ASSUMED
                                         PERCENT OF                                ANNUAL RATES OF STOCK
                                           TOTAL                                  PRICE APPRECIATION FOR
                               NUMBER     EMPLOYEE     PER SHARE                        OPTION TERM
                                 OF       OPTIONS      EXERCISE     EXPIRATION    -----------------------
     NAME                      SHARES     GRANTED        PRICE         DATE          5%           10%
     ----                      ------    ----------    ---------    ----------    ---------    ----------
<S>                            <C>       <C>           <C>          <C>           <C>          <C>
David H. Hannah..............  10,000       6.8%        $22.00       1/19/05       $60,782      $134,312
Gregg J. Mollins.............  10,000       6.8%        $22.00       1/19/05       $60,782      $134,312
Karla R. McDowell............  10,000       6.8%        $22.00       1/19/05       $60,782      $134,312
James P. MacBeth.............      0        0.0%            --            --             0             0
William K. Sales, Jr. .......      0        0.0%            --            --             0             0
</TABLE>

 
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