SEC Filings

PRE 14A
RELIANCE STEEL & ALUMINUM CO filed this Form PRE 14A on 04/06/2001
Entire Document
 
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                         RELIANCE STEEL & ALUMINUM CO.
                             2550 EAST 25TH STREET
                         LOS ANGELES, CALIFORNIA 90058
 
                            ------------------------
 
                                PROXY STATEMENT
                       FOR ANNUAL MEETING OF SHAREHOLDERS
                            TO BE HELD MAY 16, 2001
 
     This statement is furnished in connection with the solicitation of proxies
by the Board of Directors of Reliance Steel & Aluminum Co. ("Reliance" or the
"Company") for use at the Annual Meeting of its shareholders to be held at the
Ritz Carlton Huntington Hotel, 1401 South Oak Knoll Avenue, Pasadena, California
91106, on Wednesday, May 16, 2001 at 10:00 a.m., California time, or at any
adjournments thereof, for the purposes set forth in the accompanying Notice of
Annual Meeting.
 
                          INFORMATION CONCERNING PROXY
 
     The persons named as proxyholders were selected by the Board of Directors.
The shares of Common Stock represented by the proxies will be voted at the
Annual Meeting. The cost of solicitation of proxies will be borne by Reliance.
The Board of Directors (the "Board") will solicit proxies by mail, by telephone,
and electronically via the Internet. In addition, certain officers and agents of
the Company may solicit proxies by telephone, telegraph, and personal interview
(the cost of which will be nominal). It is anticipated that banks, brokerage
houses and other custodians, nominees and fiduciaries will be requested to
forward soliciting material to beneficial owners and to obtain authorizations
for the execution of proxies. They will be reimbursed by Reliance for their
out-of-pocket expenses incurred in connection therewith.
 
     The only matters of business which Reliance's management intends to present
at the Annual Meeting are the (1) election of four directors to serve for the
ensuing two years and until their successors are duly elected and qualified, (2)
the amendment of the Company's Bylaws to increase the number of authorized
directors, (3) the amendment of the Company's Incentive and Non-Qualified Stock
Option Plan ("Stock Option Plan") to increase the number of shares available for
the grant of options, and (4) the approval of the Board's selection of Ernst &
Young LLP as the Company's independent auditors for 2001. If no contrary
instructions are indicated on the proxy, each proxy will be voted FOR the
election of the four nominees named herein as directors, FOR the amendment of
the Bylaws, FOR the amendment of the Stock Option Plan, and FOR the approval of
Ernst & Young LLP. If other matters properly come before the meeting, each proxy
will be voted by the persons named therein in a manner which they consider to be
in the best interests of the Company.
 
     Shareholders who execute proxies may revoke them at any time before they
are voted (i) by filing with the Secretary of Reliance either an instrument
revoking the proxy or a proxy bearing a later date, duly executed by the
shareholder, or (ii) by giving written notice to Reliance of the death or
incapacity of the shareholder who executed the proxy. In addition, the powers of
a proxyholder are suspended if the person executing the proxy is present at the
Annual Meeting and elects to vote in person.
 
     An Annual Report with audited financial statements for the fiscal year
ended December 31, 2000 accompanied by a letter to the shareholders from the
President and Chief Executive Officer, the Executive Vice President and Chief
Operating Officer and the Senior Vice President and Chief Financial Officer is
included herewith. Such report and letter are not incorporated in, and are not a
part of, this Proxy Statement and do not constitute proxy-soliciting material.
Reliance intends to mail this Proxy Statement and accompanying material on or
about April 16, 2001.
 
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