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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) - June 24, 2005
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Commission File Number 0-23320
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OLYMPIC STEEL, INC.
(Exact name of registrant as specified in its charter)
Ohio 34-1245650
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
5096 Richmond Road, Bedford Heights, Ohio 44146
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (216) 292-3800
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Check the appropriate box if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under and 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 under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On June 24, 2005, the Company entered into an amendment of its credit facility
in the same form as the attached agreement (Exhibit 4.12). The amendment: (i)
extends the maturity of the existing credit facility from December 15, 2006 to
December 15, 2008; (ii) adds a $25 million accordion feature to the revolver
portion of the credit facility which allows the Company to add up to $25 million
of availability at a future date; and (iii) allows the Company to repurchase its
common stock, subject to an aggregate maximum expenditure of $15 million.
SIGNATURES
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.
OLYMPIC STEEL, INC.
Date: June 24, 2005 By: /s/ Richard T. Marabito
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Richard T. Marabito
Chief Financial Officer
(Principal Accounting Officer)
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EXHIBIT INDEX
4.12 Amendment No. 10 to Amended and Restated Credit Agreement and Waiver
dated June 24, 2005 by and among the Registrant, five banks and
Comerica Bank, as Administrative Agent
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