Radius Recycling Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

On October 22, 2024, the Board of Directors (the “Board”) of Radius Recycling, Inc. (the “Company”) determined to increase the number of authorized directors from seven to eight and elect Mauro Gregorio to serve as a Class III director, effective November 1, 2024. Mr. Gregorio’s term will expire at the Company’s 2025 annual meeting of shareholders. Mr. Gregorio was also appointed to serve on the Audit Committee and the Compensation and Human Resources Committee of the Board.

From 2020 until his retirement in September 2024, Mr. Gregorio served as President of the Performance Materials & Coatings Division at Dow Inc. (NYSE: DOW). Mr. Gregorio also had executive oversight over all of Dow’s operations in Latin America beginning in 2019 until his retirement. From 2016 until 2020, Mr. Gregorio served as Chief Executive Officer of Dow Silicone Corporation (fka Dow Corning) and President of Dow Consumer Solutions. Over his nearly 40-year career at Dow, Mr. Gregorio served in multiple roles, including leading the post-acquisition integration of Dow Corning, overseeing the company’s feedstock and energy business unit, and serving as global Vice President for the Hygiene and Medical Performance Plastics division. Mr. Gregorio holds a BS in Chemical Engineering from the Escola de Engenharia Mauá in São Paulo, Brazil, and an MBA from Northwood University in Midland, MI. He currently serves as a Board Director for Eagle Materials, Inc. (NYSE: EXP), a manufacturer of heavy construction products and light building materials.

As a non-employee director, Mr. Gregorio will participate in the Company’s non-employee director compensation arrangements as described in the Company’s 2024 annual meeting proxy statement filed with the Securities and Exchange Commission (“SEC”) on December 15, 2023. In connection with his election to the Board, Mr. Gregorio is expected to receive a prorated stock award consisting of Deferred Stock Units with a grant date value of $29,091. In addition, it is expected that Mr. Gregorio will enter into the Company’s standard form of indemnification agreement. The form of the indemnification agreement was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on May 3, 2016.

There is no arrangement or understanding between Mr. Gregorio and any other persons pursuant to which such director was selected as a director nor are there any family relationships between Mr. Gregorio and any of the Company’s executive officers and directors. In addition, there are no transactions involving the Company and Mr. Gregorio that are reportable pursuant to Item 404(a) of Regulation S-K.

On October 24, 2024, the Company issued a press release announcing the election of Mr. Gregorio, a copy of which is attached hereto as Exhibit 99.1, and is incorporated by reference herein.