01—Abstract
Summary
Summary of the 8-K filed December 17, 2024. Cited figures are marked; the original filing is the authoritative source.
Reliance, Inc. (RS) disclosed in this Form 8-K, filed December 17, 2024 under Item 5.02, that director Mark V.
Kaminski has notified the Company of his intention not to stand for reelection at the Company's 2025 Annual Meeting of Stockholders. Mr. Kaminski will remain a director and keep his committee memberships through that meeting. He has served on the board since 2004.
The filing states that Mr. Kaminski's retirement is not due to any disagreement with the Company on matters relating to its operations, policies, or practices. The Company thanked him for his longstanding service. The filing is signed by William A.
Smith II, Senior Vice President, General Counsel and Corporate Secretary. For investors, the disclosure is a routine board transition rather than a material change in operations or financial results. It signals a future board vacancy at the 2025 Annual Meeting, and the filing contains no financial figures.
02—Key points
Key Highlights
- Director Mark V. Kaminski will not stand for reelection at the 2025 Annual Meeting of Stockholders.
- Mr. Kaminski will remain a director and keep his committee memberships through the 2025 Annual Meeting.
- He has served on Reliance's board of directors since 2004.
- The filing states his retirement is not due to any disagreement with the Company on operations, policies, or practices.
- The disclosure is filed under Item 5.02 (Departure of Directors or Certain Officers) and does not report financial results.
- The filing was signed by William A. Smith II, Senior Vice President, General Counsel and Corporate Secretary.
03—Questions
Frequently Asked Questions
Is Mark Kaminski leaving the board immediately?
No. The filing states that Mr. Kaminski will remain a director and keep his committee memberships through the 2025 Annual Meeting of Stockholders. He will not stand for reelection at that meeting.
Why is Mr. Kaminski retiring?
The filing says he is retiring after serving on the board since 2004. It states that the retirement is not due to any disagreement with the Company on any matter relating to its operations, policies, or practices.
Does this filing report any financial results or guidance?
No. The filing is limited to the director's notice of non-reelection under Item 5.02 and contains no financial figures or guidance.
What does this change mean for the board?
The filing indicates that the board will have a seat open after the 2025 Annual Meeting of Stockholders, since Mr. Kaminski will not stand for reelection. It does not name a successor.
04—Continue