8-K
filed February 2, 2024, 6:59 PM ET
CIK 0000912603
other material
confidence high
sentiment neutral
materiality 0.50
Schnitzer Steel renamed Radius Recycling; CFO Gaggini named interim CAO
RADIUS RECYCLING, INC.
- Shareholders approved name change to Radius Recycling, effective Jan 30, 2024.
- CFO Stefano Gaggini appointed interim Chief Accounting Officer, effective Jan 31, while search for permanent CAO continues.
- Shareholders approved 2024 Omnibus Incentive Plan by 11.6M for vs 11.3M against.
- Directors Minor (22.2M for) and Sutherlin (21.4M for) elected Class III, terms through 2027.
- Advisory say-on-pay passed (21.7M for); board set future frequency to annual votes.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stefano R. Gaggini was appointed as interim Chief Accounting Officer at RADIUS RECYCLING, INC..
- Action
- appointed
- Role
- interim Chief Accounting Officer
Exact text from the filing
On January 30, 2024, the Board of Directors of Radius Recycling, Inc. (the “Company”) elected Stefano R. Gaggini, the Company’s Senior Vice President and Chief Financial Officer, to also serve as the Company’s interim Chief Accounting Officer, effective January 31, 2024, while the Company conducts a search for a permanent replacement for the Company’s prior Chief Accounting Officer.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
RADIUS RECYCLING, INC.: Amended and restated Bylaws to change corporate name (effective 2024-01-30).
- Change
- bylaw amendment
- Effective
- 2024-01-30
Exact text from the filing
The Company also amended and restated its Bylaws on the same day to reflect the Name Change.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
RADIUS RECYCLING, INC.: Changed corporate name from Schnitzer Steel Industries, Inc. to Radius Recycling, Inc (effective 2024-01-30).
- Change
- charter amendment
- Effective
- 2024-01-30
Exact text from the filing
The Company also amended and restated its Bylaws on the same day to reflect the Name Change.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
RADIUS RECYCLING, INC. shareholders approved Advisory Resolution on the Frequency of Future Shareholder Advisory Votes on Executive Compensation.
- Proposal
- say on pay frequency
- Outcome
- passed
Exact text from the filing
Proposal No. 3 – Advisory Resolution on the Frequency of Future Shareholder Advisory Votes on Executive Compensation The Company’s shareholders approved, on an advisory basis, the frequency of future shareholder advisory votes on executive compensation, as follows: One Year Two Years Three Years Abstain Broker Non-Votes 19,887,060 29,425 3,368,354 27,116 1,381,609
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
RADIUS RECYCLING, INC. shareholders approved Approval of an Amendment to the Articles of Incorporation to Change the Corporate Name to Radius Recycling, Inc..
- Proposal
- charter amendment
- Outcome
- passed
Exact text from the filing
Proposal No. 6 – Approval of an Amendment to the Articles of Incorporation to Change the Corporate Name to Radius Recycling, Inc. The Company’s shareholders approved an amendment to the Articles of Incorporation to change the corporate name of the Company from Schnitzer Steel Industries, Inc. to Radius Recycling, Inc., as follows: For Against Abstain Broker Non-Votes 24,285,143 336,629 71,792 -
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
RADIUS RECYCLING, INC. shareholders approved Election of Directors.
- Proposal
- director election
- Outcome
- passed
Exact text from the filing
Proposal No. 1 - Election of Directors The Company’s shareholders elected Glenda J. Minor and Michael W. Sutherlin as Class III directors with terms expiring at the 2027 annual meeting of shareholders. The number of votes cast for or withheld and the broker non-votes were as follows: Name For Withheld Broker Non-Votes Glenda J. Minor 22,194,351 1,117,604 1,381,609 Michael W. Sutherlin 21,441,164 1,870,791 1,381,609
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
RADIUS RECYCLING, INC. shareholders approved Advisory Resolution on Executive Compensation.
- Proposal
- say on pay
- Outcome
- passed
Exact text from the filing
Proposal No. 2 - Advisory Resolution on Executive Compensation The Company’s shareholders voted, on an advisory basis, on the Company’s executive compensation as disclosed in the Proxy Statement, as follows: For Against Abstain Broker Non-Votes 21,653,740 1,465,670 192,545 1,381,609
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
RADIUS RECYCLING, INC. shareholders approved Ratification of the Selection of Independent Registered Public Accounting Firm at the 2024-08-31 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-08-31
Exact text from the filing
Proposal No. 4 - Ratification of the Selection of Independent Registered Public Accounting Firm The Company’s shareholders ratified the selection of PricewaterhouseCoopers LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending August 31, 2024, as follows: For Against Abstain Broker Non-Votes 23,278,133 1,383,281 32,150 -
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
RADIUS RECYCLING, INC. shareholders approved Approval of the Radius Recycling, Inc. 2024 Omnibus Incentive Plan.
- Proposal
- equity plan
- Outcome
- passed
Exact text from the filing
Proposal No. 5 – Approval of the Radius Recycling, Inc. 2024 Omnibus Incentive Plan The Company’s shareholders approved the Omnibus Incentive Plan, as follows: For Against Abstain Broker Non-Votes 11,641,813 11,272,374 397,768 1,381,609
View on SEC.gov
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