01—Abstract
Summary
Summary of the 8-K filed October 2, 2025. Cited figures are marked; the original filing is the authoritative source.
Reliance, Inc. (NYSE: RS) filed this Form 8-K on October 2, 2025 to report that its Board of Directors increased in size from eight to nine members and appointed John G.
Sznewajs as an independent director, effective October 1, 2025. His term expires at the Company's 2026 Annual Meeting of Stockholders. The filing states that Mr. Sznewajs was also appointed to the Audit Committee, will receive the non-employee director compensation described in the company's April 3, 2025 proxy statement, and has entered into the company's standard indemnification agreement.
Mr. Sznewajs, 58, is a partner at Shore Capital, a lower middle-market private equity firm. From 2007 to 2023 he served as Vice President and Chief Financial Officer of Masco Corporation (NYSE: MAS), and he currently sits on the board of CMS Energy Corporation (NYSE: CMS), where he serves on the audit, finance, and executive committees. He holds a Bachelor of Arts in economics from Kalamazoo College and an MBA from The University of Chicago Booth School of Business.
The filing states that there are no arrangements or understandings under which he was selected as a director and no material related-party interest under Item 404(a) of Regulation S-K. The press release, furnished as Exhibit 99.1 under Item 7.01 and not filed, states that following the appointment the Board will have nine members, eight of whom are independent.
Chairman Douglas Stotlar and CEO Karla Lewis praised his financial and corporate strategy expertise. The filing does not report any change to financial results or guidance.
02—Key points
Key Highlights
- Board size increased from eight to nine directors with the appointment of John G. Sznewajs, effective October 1, 2025.
- Following the appointment, eight of the nine Board members are independent, per the press release.
- Sznewajs was appointed to the Audit Committee, which is relevant to oversight of financial reporting.
- Sznewajs previously served as Vice President and CFO of Masco Corporation from 2007 to 2023.
- He is a current director of CMS Energy Corporation, serving on its audit, finance, and executive committees.
- He will receive standard non-employee director compensation and has signed the company's standard indemnification agreement.
- His term expires at the Company's 2026 Annual Meeting of Stockholders; the filing reports no related-party transactions requiring disclosure.
03—Questions
Frequently Asked Questions
Who was appointed to Reliance's Board and when did it take effect?
John G. Sznewajs, 58, was appointed as an independent director, effective October 1, 2025, with his term expiring at the 2026 Annual Meeting of Stockholders.
What is Mr. Sznewajs' professional background?
He is a partner at Shore Capital, a lower middle-market private equity firm, and was Vice President and CFO of Masco Corporation from 2007 to 2023. He also serves on the board of CMS Energy Corporation.
Does the appointment change Reliance's Board committee composition?
Yes, the filing states Mr. Sznewajs was also appointed to Reliance's Audit Committee.
How will Mr. Sznewajs be compensated?
He will participate in the current non-employee director compensation arrangements described under 'Director Compensation' in the company's April 3, 2025 definitive proxy statement.
Are there any related-party or selection concerns disclosed?
The filing states there are no arrangements or understandings under which he was selected as a director, and he has no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K.
04—Continue