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Reliance Annual Report (Amendment), Year Ended Dec 31, 1997

Filing Date
Filed March 30, 1998
Period End
December 31, 1997
Security
RS
In the record · 2016–202610-K1110-Q338-K74

RS filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 74 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Oct ’16Oct ’16
  2. FY2018 annual report10-K · Feb ’19Feb ’19
  3. Leadership change8-K · Oct ’21Oct ’21
  4. Leadership change8-K · Oct ’25Oct ’25

01—Abstract

Summary

Summary of the 10-K/A filed March 30, 1998. Cited figures are marked; the original filing is the authoritative source.

Reliance Steel & Aluminum Co. filed this Amendment No. 1 to its Form 10-K for the fiscal year ended December 31, 1997.

The filing's stated purpose is to replace Exhibit 23.01, the Consent of Independent Auditors, in its entirety. The amended consent covers the incorporation by reference of the auditor's report into the Company's Form S-8 registration statement for the 1994 Incentive and Non-Qualified Option Plan and the 1989 Employee Non-Qualified Stock Option Plan. The consent identifies Ernst & Young LLP as the independent auditor, with its report dated February 9, 1998, on the consolidated financial statements and schedule included in the Annual Report (Form 10-K/A) for the year ended December 31, 1997.

The consent is dated March 26, 1998, in Long Beach, California. The cover page reports 18,842,708 shares of no-par common stock outstanding as of February 28, 1998, and an aggregate market value of voting stock held by non-affiliates of $540,716,199.44a, based on the New York Stock Exchange closing price on February 27, 1998.

The Company's common stock is registered on the New York Stock Exchange, and its principal executive offices are at 2550 East 25th Street, Los Angeles, California. Part III information is incorporated by reference from the definitive Proxy Statement for the Annual Meeting of Shareholders to be held May 20, 1998.

02—Key points

Key Highlights

  1. Filing type: Amendment No. 1 to the Form 10-K for the fiscal year ended December 31, 1997, which replaces Exhibit 23.01 (Consent of Independent Auditors) in its entirety.
  2. Auditor: Ernst & Young LLP, Long Beach, California, with its report dated February 9, 1998, on the 1997 consolidated financial statements and schedule.
  3. Consent scope: Incorporates the audit report into Form S-8 registration for the 1994 Incentive and Non-Qualified Option Plan and the 1989 Employee Non-Qualified Stock Option Plan.
  4. Shares outstanding: 18,842,708 shares of no-par common stock as of February 28, 1998.
  5. Non-affiliate market value: $540,716,199.44, based on the NYSE closing price on February 27, 1998.
  6. Listing: Common stock is registered on the New York Stock Exchange; the Company is a California corporation headquartered in Los Angeles.
  7. Governance: Part III information is incorporated by reference from the Proxy Statement for the May 20, 1998 Annual Meeting of Shareholders.

03—Questions

Frequently Asked Questions

  1. Why was this filing made?

    The filing states that it amends Exhibit 23.01 by replacing the Consent of Independent Auditors in its entirety with an amended consent from Ernst & Young LLP.

  2. Who is the Company's independent auditor for 1997?

    Ernst & Young LLP, which issued its report dated February 9, 1998, on the consolidated financial statements and schedule for the year ended December 31, 1997. The consent is dated March 26, 1998.

  3. Which equity plans does the auditor's consent cover?

    The consent covers the Registration Statement on Form S-8 pertaining to the Reliance Steel & Aluminum Co. 1994 Incentive and Non-Qualified Option Plan and the 1989 Employee Non-Qualified Stock Option Plan.

  4. How many shares were outstanding and what was the non-affiliate market value?

    As of February 28, 1998, there were 18,842,708 shares of common stock outstanding. The aggregate market value of voting stock held by non-affiliates was $540,716,199.44, based on the NYSE closing price on February 27, 1998.

  5. Where can shareholders find Part III information?

    Part III information is incorporated by reference from the definitive Proxy Statement for the Annual Meeting of Shareholders to be held May 20, 1998.

04—Continue

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