Reliance Steel CEO James Hoffman to retire Dec 31, 2022; Karla Lewis to become CEO Jan 1, 2023

RELIANCE, INC.

James D. Hoffman to retire as CEO effective Dec 31, 2022; will serve as Senior Advisor through Dec 2023.
Karla R. Lewis, currently President and former CFO, appointed CEO effective Jan 1, 2023, retaining President title.
Lewis receives $1.2M base salary, annual incentive target of 150% of salary, plus equity awards determined by committee.
Hoffman's base salary reduced to $1.1M in 2023; no equity awards, but eligible for 150% target non-equity incentive.
Hoffman will remain on the Board of Directors after retirement as CEO.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

James D. Hoffman

Chief Executive Officer

RS · RELIANCE, INC.

Effective: 2022-12-31
Successor: Karla R. Lewis
Filed: October 11, 2022, 7:59 PM ET

James D. Hoffman will retire as the Company’s Chief Executive Officer (the “CEO”) at the end of the Company’s fiscal year on December 31, 2022.

Appointed

Karla R. Lewis

Chief Executive Officer

RS · RELIANCE, INC.

Effective: 2023-01-01
Filed: October 11, 2022, 7:59 PM ET

current President, Karla R. Lewis, will succeed Mr. Hoffman as CEO effective January 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

James D. Hoffman departed as Chief Executive Officer at RELIANCE, INC..

Action: retire
Role: Chief Executive Officer

Exact text from the filing

James D. Hoffman will retire as the Company’s Chief Executive Officer (the “CEO”) at the end of the Company’s fiscal year on December 31, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Karla R. Lewis was appointed as Chief Executive Officer at RELIANCE, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

current President, Karla R. Lewis, will succeed Mr. Hoffman as CEO effective January 1, 2023.

View on SEC.gov

RELIANCE, INC. filing history →

Source: SEC EDGAR

accession 0001104659-22-107633

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