Olympic Steel (ZEUS) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on May 2, 2025, with shareholders voting on director elections, auditor ratification, and executive compensation approval.

• Shareholders of record as of March 10, 2025, are entitled to vote, with 11,162,704 shares outstanding.

• The Board recommends voting in favor of all proposals and director nominees.

Voting matters and shareholder proposals

• Shareholders will vote to elect five directors for a two-year term expiring in 2027.

• Ratification of Grant Thornton LLP as independent auditors for 2025 is on the agenda.

• Advisory approval of named executive officer compensation (say-on-pay) is included.

• Shareholder proposals for the 2026 meeting must be submitted by November 28, 2025.

Board of directors and corporate governance

• The Board is divided into two classes with staggered two-year terms.

• All director nominees have significant industry, financial, or governance experience.

• The Board has Audit, Compensation, and Nominating & Governance Committees, all composed of independent directors.

• A Lead Director position exists to enhance board independence and risk oversight.

• Majority voting policy requires directors receiving more withhold than for votes to tender resignations.