secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ryerson Holding Corp (RYZ)
CIK:        0001481582
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001193125-23-138327
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ryerson closes secondary offering and concurrent $50M share repurchase from Platinum Equity
--------------------------------------------------------------------------------

- Closed secondary offering of 2,630,700 shares by affiliate of Platinum Equity; Ryerson received no proceeds.
- Concurrent repurchase of 1,369,300 shares from Selling Stockholder for ~$50M, funded with cash on hand.
- Free float increased from 46% to 77% of outstanding shares since May 2022.
- Total shareholder returns of ~$175M via repurchases and dividends over the same period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481582/000119312523138327/0001193125-23-138327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481582/000119312523138327/d409688d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-138327

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