secwatch.observer — SEC 8-K summary
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Issuer:     Ryerson Holding Corp (RYZ)
CIK:        0001481582
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0001193125-22-147522
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ryerson's principal shareholder sells 3.5M shares; company to repurchase $47.7M of stock
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- Platinum Equity affiliate offers 3.5M shares in secondary; Ryerson receives no proceeds.
- Ryerson agrees to buy 1,613,022 shares directly from selling stockholder for ~$47.7M cash.
- Both transactions expected to close May 13, 2022; J.P. Morgan sole underwriter.
- Share repurchase funded with cash on hand; closing of offering not conditioned on repurchase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481582/000119312522147522/0001193125-22-147522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481582/000119312522147522/d349947d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-147522

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer