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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
Date of report (Date of earliest event reported):  August 30, 2023
 
Commission File Number 000-22496

SCHNITZER STEEL INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
 
OREGON
 93-0341923
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
   
299 SW Clay Street, Suite 350, Portland, Oregon
97201
(Address of principal executive offices)
(Zip Code)

(503) 224-9900
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:

Title of each class
 
 Trading Symbol(s)
 
 Name of each exchange on which registered
Class A Common Stock, $1.00 par value
 
 SCHN
 
 The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the  registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.  ☐

Item 8.01
Other Events
 
On August 30, 2023, Schnitzer Steel Industries, Inc. dba Radius Recycling issued a press release announcing that the Company’s common stock will begin trading on NASDAQ under the symbol ‘RDUS’ at the open of market trading on September 1, 2023.  A copy of the press release is attached hereto as Exhibit 99.1 to this report on Form 8-K and is incorporated herein by reference.

Item 9.01
Financial Statements and Exhibits
 
(d)

104
Exhibits

The cover page of this Current Report on Form 8-K, formatted in Inline XBRL.
 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
Schnitzer Steel Industries, Inc.
 
 
(Registrant)
 
 
 
 
 
 
 
 
 
Dated: August 30, 2023
By:
/s/ Stefano R. Gaggini
 
 
Title:
Senior Vice President and Chief Financial Officer
 
EX-99.1 2 a53546319ex99_1.htm EXHIBIT 99.1
Exhibit 99.1

Radius Recycling Announces Ticker Symbol Change

PORTLAND, Ore.--(BUSINESS WIRE)--August 30, 2023--Schnitzer Steel Industries, Inc. dba Radius Recycling (NASDAQ: SCHN) announced that the Company’s common stock will begin trading on NASDAQ under the symbol ‘RDUS’ at the open of market trading on September 1, 2023, which coincides with the start of the Company’s fiscal year. ‘RDUS’ will replace the Company’s current ticker symbol ‘SCHN,’ which has been used since its initial public offering in 1993. The new ticker symbol aligns with the Company’s rebranding from Schnitzer Steel to Radius Recycling, announced on July 26, 2023.

No action is required by existing Company shareholders with respect to the ticker symbol change.

To learn more about Radius Recycling, visit radiusrecycling.com.

About Schnitzer Steel Industries, Inc. dba Radius Recycling

Schnitzer Steel Industries, Inc. dba Radius Recycling is one of the largest manufacturers and exporters of recycled metal products in North America with operating facilities located in 25 states, Puerto Rico, and Western Canada. Radius has seven deep water export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico. The Company’s integrated operating platform also includes 50 stores which sell serviceable used auto parts from salvaged vehicles and receive over 4.1 million annual retail visits. The Company’s steel manufacturing operations produce finished steel products, including rebar, wire rod and other specialty products. Radius began operations in 1906 in Portland, Oregon.

Contacts

Investor Relations
Michael Bennett
(503) 323-2811
mcbennett@rdus.com

Public Affairs
Eric Potashner
(415) 624-9885
epotashner@rdus.com

Company Info
www.radiusrecycling.com
ir@rdus.com