As filed with the Securities and Exchange Commission on June 3, 2009
Registration No. 333-159671
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
POST-EFFECTIVE
AMENDMENT NO. 1
TO
Form S-3
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Steel Dynamics, Inc.
(Exact name of registrant as specified in its charter)
Indiana | 35-1929476 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |
6714 Pointe Inverness Way, Suite 200 Fort Wayne, Indiana 46804 (260) 459-3553 |
Theresa E. Wagler, Chief Financial Officer 6714 Pointe Inverness Way, Suite 200 Fort Wayne, Indiana 46804 (260) 459-3553 |
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(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) | (Name, address, including zip code, and telephone number, including area code, of agent for service) |
Copies to:
Robert S. Walters, Esq. Barrett & McNagny LLP 215 East Berry Street Fort Wayne, Indiana 46802 (260) 423-9551 |
Andrew R. Schleider Shearman & Sterling LLP 599 Lexington Avenue New York, New York 10022 (212) 848-4000 |
Approximate date of commencement of the proposed sale to the public: From time to time after this registration statement becomes effective.
If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. o
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. ý
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective on filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. ý
If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definition of "large accelerated filer," "accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer ý | Accelerated filer o | Non-accelerated filer o (Do not check if a smaller reporting company) |
Smaller reporting company o |
CALCULATION OF REGISTRATION FEE
Title of Each Class of Securities to be Registered |
Amount to be Registered(1) |
Proposed Maximum Aggregate Offering Price(1) |
Amount of Registration Fee(2) |
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Common Stock, $0.0025 par value per share | ||||||
Convertible Senior Notes due 2014 | ||||||
Guaranties by certain Steel Dynamics Subsidiaries(3) | | | | |||
TABLE OF ADDITIONAL REGISTRANTS
Exact Name of Registrant as Specified in its Charter |
State or Other Jurisdiction of Incorporation of Organization |
Primary Standard Industrial Classification Code Number |
IRS Employer Identification Number |
Address, including Zip Code and Telephone Number, including Area Code, of each Registrant's Principal Executive Office |
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Admetco, Inc. |
Indiana | 423930 | 35-1414016 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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Atlantic Scrap and ProcessingWilmington, LLC |
North Carolina | 423930 | 83-0418527 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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Auburn Investment Company, LLC |
Indiana | 423930 | 20-2929000 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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Capitol City Metals, LLC |
Indiana | 423930 | 35-1937132 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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Carolinas Recycling Group, LLC |
South Carolina | 423930 | 57-1075008 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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Cohen & Green Salvage Co., Inc. |
North Carolina | 423930 | 56-0614099 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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Global Shredding Technologies Ltd., LLC |
Indiana | 423930 | 35-2026465 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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Industrial Scrap Corporation |
Indiana | 423930 | 35-2064199 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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Industrial Scrap, LLC |
Indiana | 423930 | 35-2064308 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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Jackson Iron & Metal Company, Inc. |
Michigan | 423930 | 38-2604041 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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John W. Hancock, Jr., LLC |
Virginia | 533110 | 54-0460919 | 6714 Pointe Inverness Way, Suite 200 Fort Wayne, IN 46804 260-459-3553 |
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Lumberton Recycling Company, Inc. |
North Carolina | 423930 | 56-1288568 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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Lucky Strike Metals, LLC |
Indiana | 423930 | 20-2025059 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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Marshall Steel, Inc. |
Delaware | 533110 | 62-1527726 | 6714 Pointe Inverness Way, Suite 200 Fort Wayne, IN 46804 260-459-3553 |
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Michigan Properties Ecorse, LLC |
Indiana | 423930 | 20-4332346 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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New Millennium Building Systems, Inc. |
South Carolina | 533110 | 57-0477521 | 6714 Pointe Inverness Way, Suite 200 Fort Wayne, IN 46804 260-459-3553 |
Exact Name of Registrant as Specified in its Charter |
State or Other Jurisdiction of Incorporation of Organization |
Primary Standard Industrial Classification Code Number |
IRS Employer Identification Number |
Address, including Zip Code and Telephone Number, including Area Code, of each Registrant's Principal Executive Office |
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New Millennium Building Systems, LLC |
Indiana | 533110 | 35-2083989 | 6714 Pointe Inverness Way, Suite 200 Fort Wayne, IN 46804 260-459-3553 |
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OmniSource Athens Division, LLC |
Indiana | 423930 | 35-2123556 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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OmniSource Bay City, LLC |
Indiana | 423930 | 36-4544347 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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OmniSource Corporation |
Indiana | 423930 | 35-0809317 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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OmniSource Indianapolis, LLC |
Indiana | 423930 | 20-4051458 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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OmniSource Mexico, LLC |
Indiana | 423930 | 26-0194166 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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OmniSource Southeast, LLC |
Delaware | 423930 | 56-2256626 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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OmniSource Transport, LLC |
Indiana | 423930 | 35-2084965 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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OmniSource, LLC |
Indiana | 423930 | 35-2046863 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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Raeford Salvage Company, Inc. |
North Carolina | 423930 | 56-1288568 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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Recovery Technologies, LLC |
Indiana | 423930 | 35-1942983 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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Roanoke Electric Steel Corporation |
Indiana | 533110 | 20-3663442 | 6714 Pointe Inverness Way, Suite 200 Fort Wayne, IN 46804 260-459-3553 |
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Scientific Recycling Group, LLC |
Indiana | 423930 | 74-3114069 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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SDI Investment Company |
Delaware | 533110 | 51-0397408 | 6714 Pointe Inverness Way, Suite 200 Fort Wayne, IN 46804 260-459-3553 |
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Shredded Products II, LLC |
Indiana | 533110 | 20-8714353 | 6714 Pointe Inverness Way, Suite 200 Fort Wayne, IN 46804 260-459-3553 |
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SOCAR of Ohio, Inc. |
Ohio | 533110 | 34-1097158 | 6714 Pointe Inverness Way, Suite 200 Fort Wayne, IN 46804 260-459-3553 |
Exact Name of Registrant as Specified in its Charter |
State or Other Jurisdiction of Incorporation of Organization |
Primary Standard Industrial Classification Code Number |
IRS Employer Identification Number |
Address, including Zip Code and Telephone Number, including Area Code, of each Registrant's Principal Executive Office |
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---|---|---|---|---|---|---|---|---|
Steel Dynamics Sales North America, Inc. |
Indiana | 533110 | 32-0042039 | 6714 Pointe Inverness Way, Suite 200 Fort Wayne, IN 46804 260-459-3553 |
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Steel of West Virginia, Inc. |
Delaware | 533110 | 55-0684304 | 6714 Pointe Inverness Way, Suite 200 Fort Wayne, IN 46804 260-459-3553 |
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Steel Ventures, Inc. |
Delaware | 533110 | 55-0740037 | 6714 Pointe Inverness Way, Suite 200 Fort Wayne, IN 46804 260-459-3553 |
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Superior Aluminum Alloys, LLC |
Indiana | 423930 | 35-2007173 | 7575 West Jefferson Blvd. Fort Wayne, IN 46804 260-422-5541 |
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SWVA, Inc. |
Delaware | 533110 | 55-0621605 | 6714 Pointe Inverness Way, Suite 200 Fort Wayne, IN 46804 260-459-3553 |
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The Techs Industries, Inc. |
Delaware | 533110 | 20-0540361 | 6714 Pointe Inverness Way, Suite 200 Fort Wayne, IN 46804 260-459-3553 |
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM 14. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION.
The following table sets forth the costs and expenses payable by the Registrant in connection with the issuance and distribution of the securities being registered hereby. All of the amounts shown are estimates except for the SEC registration fee.
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Amount | ||||
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SEC registration fee |
$ | * | |||
Printing expenses |
50,000.00 | ||||
Legal fees and expenses |
150,000.00 | ||||
Accounting fees and expenses |
75,000.00 | ||||
Trustee's fees and expenses |
25,000.00 | ||||
Miscellaneous expenses |
51,000.00 | ||||
Total |
$ | * | |||
Item 15. INDEMNIFICATION OF DIRECTORS AND OFFICERS
The Delaware Limited Liability Company
The Delaware Limited Liability Company Act, Section 18-107, provides that, subject to the company's limited liability company agreement, a limited liability company may indemnify and hold harmless any member, manager or other person from and against any and all claims and demands.
OmniSource Southeast, LLC
The Certificate of Formation contains no provisions respecting indemnification. The Amended and Restated Operating Agreement of Recycle South, LLC (now known as OmniSource Southeast, LLC) provides that the company shall advance litigation expenses to a member, manager or officer for any claim against such person in such person's capacity as member, manager or officer.
The Indiana Corporations
Indiana Business Corporation Law. Chapter 37 of the Indiana Business Corporation Law ("IBCL") provides that a corporation may indemnify an individual made a party to a proceeding because the individual is or was a director against liability incurred in a proceeding if (i) the individual's conduct was in good faith, (2) the individual reasonably believed, in the case of conduct in the individual's official capacity with the corporation, that the individual's conduct was in the corporation's best interests, and, (3) in the case of a criminal proceeding, the individual either had reasonable cause to believe the individual's conduct was lawful or had no reasonable cause to believe the individual's conduct was unlawful. Unless limited by its articles of incorporation, a corporation must indemnify a director against reasonable expenses incurred by the director if the director was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party because the director is or was a director of the corporation. A corporation may advance or reimburse reasonable expenses incurred by a person entitled to indemnification, in advance of final disposition, if the individual furnishes the corporation with a written affirmation of his or her good faith belief that the applicable standard of conduct was observed, accompanied by a written undertaking to repay the advance if it is ultimately determined that the applicable standards were not
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met. Unless the director has been successful in the defense of a proceeding, a corporation may not indemnify a director unless authorized in the specific case after a determination has been made that indemnification of the director is permissible in the circumstances because the director has met the standard of conduct set forth under the law.
Officers, unless the corporation's articles of incorporation provide otherwise, may be indemnified to the same extent as directors.
A corporation may purchase and maintain insurance on behalf of an individual who is or was a director, officer, employee, or agent of the corporation, or who, while a director, officer, employee, or agent of the corporation, is or was serving at the request of the corporation as a director, officer, partner, member, manager, trustee, employee, or agent of another foreign or domestic corporation, partnership, limited liability company, joint venture, trust, employee benefit plan, or other enterprise, against liability asserted against or incurred by the individual in that capacity or arising from the individual's status as a director, officer, member, manager, employee, or agent. The indemnification provided for or authorized by the IBCL does not exclude other rights to indemnification and that a person may have under a corporation's articles of incorporation, bylaws or certain other duly authorized agreements.
Steel Dynamics, Inc.
Steel Dynamics Sales North America, Inc.
Roanoke Electric Steel Corporation
OmniSource Corporation
Industrial Scrap Corporation
Articles of Incorporation and Bylaws. As permitted by Chapter 37 of the Indiana Business Corporation Law, Article IX of Steel Dynamics, Inc.'s Amended and Restated Articles of Incorporation, Article IV of the Bylaws of Steel Dynamics Sales North America, Inc., and Roanoke Electric Steel Corporation, and the Bylaws of OmniSource Corporation and the Bylaws of Industrial Scrap Corporation provide that we shall indemnify a director or officer against liability, including expenses and costs of defense, incurred in any proceeding, if that individual was made a party to the proceeding because the individual is or was a director or officer, or, at our request, was serving as a director, officer, partner, trustee, employee, or agent of another corporation, partnership, joint venture, trust, employee benefit plan, or other enterprise, whether or not for profit, so long as the individual's conduct was in good faith and with the reasonable belief, in connection with the individual's "official capacity," that the conduct was in our best interests, or, in all other cases, that the conduct was at least not opposed to our best interests. In the case of any criminal proceeding, the duty to indemnify applies so long as the individual either had reasonable cause to believe that the conduct was lawful, or had no reasonable cause to believe that the conduct was unlawful. Conduct with respect to an employee benefit plan in connection with a matter the individual believed to be in the best interests of the participants in and beneficiaries of the plan is deemed conduct that satisfies the indemnification standard that the individual reasonably believed that the conduct was at least not opposed to our best interests.
We may advance or reimburse for reasonable expenses incurred by a person entitled to indemnification, in advance of final disposition, if the individual furnishes us with a written affirmation of his or her good faith belief that the applicable standard of conduct was observed, accompanied by a written undertaking to repay the advance if it is ultimately determined that the applicable standards were not met.
Unless the director has been successful in the defense of a proceeding, in all cases, whether in connection with advancement of expenses during a proceeding, or afterward, we may not grant indemnification unless authorized in the specific case after a determination has been made that
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indemnification is permissible under the circumstances. The determination may be made either by our board of directors, by majority vote of a quorum consisting of directors not at the time parties to the proceeding, or, if a quorum cannot be so obtained, then by majority vote of a committee duly designated by the board of directors consisting solely of two or more directors not at the time parties to the proceeding. Alternatively, the determination can be made by special legal counsel selected by the board of directors or the committee, or by the stockholders, excluding shares owned by or voted under the control of persons who are at the time parties to the proceeding. In the event that a person seeking indemnification believes that it has not been properly provided that person may apply for indemnification to the court conducting the proceeding or to another court of competent jurisdiction. In such a proceeding, a court is empowered to grant indemnification if it determines that the person is fairly and reasonably entitled to indemnification in view of all of the relevant circumstances, whether or not the person met the standard of conduct for indemnification.
We may purchase and maintain, and we do so purchase and maintain insurance on behalf of our directors, officers, employees or agents, insuring against liability arising from his or her status as a director, officer, employee, or agent, whether or not we would have the power to indemnify the individual against the same liability under Article IX. Article IX does not preclude us from providing indemnification in any other manner.
Admetco, Inc.
Neither the Articles of Incorporation nor the Bylaws of Admetco, Inc. contain provisions regarding the indemnification of officers or directors.
The Indiana Limited Liability Companies
Indiana Business Flexibility Act. Chapter 2 of the Indiana Business Flexibility Act provides that, subject to any standards and restrictions set forth in a company's operating agreement, a limited liability company may indemnify and hold harmless any member, manager, agent or employee from and against any and all claims and demands, unless the action or failure to act for which indemnification is sought constitutes willful misconduct or recklessness.
Shredded Products II, LLC
Superior Aluminum Alloys, LLC
Operating Agreements. The Operating Agreements of Shredded Products II, LLC and of Superior Aluminum Alloys, LLC provide that we shall indemnify a person against expenses, judgments, settlements, penalties and fines if such person is made or threatened to be made a party to a proceeding by reason of the fact that the person was or is a manager or member of the company, so long as the manager or member acted in good faith and, when the conduct was taken in such person's official capacity, in a manner reasonably believed by such manager or member to have been in our best interest. In the case of criminal action, indemnification is authorized if the member or manager had reasonable cause to believe the conduct was lawful. Unless the member or manager is successful in a proceeding on the merits, indemnification shall be made only upon a determination that indemnification is permissible because the manager or member met the applicable standard of conduct.
We may advance or reimburse reasonable expenses incurred by a person entitled to indemnification, in advance of final disposition, if the person furnishes us with a written affirmation of his or her good faith belief that the applicable standard of conduct was observed, accompanied by a written undertaking to repay the advance if it is ultimately determined that the applicable standards were not met.
The inclusion of such indemnification provisions does not preclude us from providing indemnification in any other manner.
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OmniSource, LLC
Industrial Scrap, LLC
Operating Agreements. The Operating Agreements of OmniSource, LLC and of Industrial Scrap, LLC provide that we shall indemnify a person against expenses, judgments, settlements, penalties and fines if such person is made or threatened to be made a party to a proceeding by reason of the fact that the person was or is a member, manager or officer of the company, so long as the member, manager or officer acted in good faith and, when the conduct was taken in such person's official capacity, in a manner reasonably believed by such member, manager or officer to have been in our best interest. In the case of criminal action, indemnification is authorized if the member, manager or officer had reasonable cause to believe the conduct was lawful. Unless the member or manager is successful in a proceeding on the merits, indemnification shall be made only upon a determination that indemnification is permissible because the member, manager or officer met the applicable standard of conduct.
We may advance or reimburse reasonable expenses incurred by a person entitled to indemnification, in advance of final disposition, if the person furnishes us with a written affirmation of his or her good faith belief that the applicable standard of conduct was observed, accompanied by a written undertaking to repay the advance if it is ultimately determined that the applicable standards were not met.
The inclusion of such indemnification provisions does not preclude us from providing indemnification in any other manner.
Capitol City Metals, LLC
Auburn Investment Company, LLC
Recovery Technologies, LLC
Scientific Recycling Group, LLC
OmniSource Transport, LLC
Global Shredding Technologies, Ltd., LLC
Lucky Strike Metals, LLC
Michigan Properties Ecorse, LLC
OmniSource Athens Division, LLC
OmniSource Bay City, LLC
OmniSource Indianapolis, LLC
OmniSource Mexico, LLC
Operating Agreements. The Operating Agreements of Capitol City Metals, LLC, Auburn Investment Company, LLC, Recovery Technologies, LLC, Scientific Recycling Group, LLC, OmniSource Transport, LLC, Global Shredding Technologies, Ltd., LLC, Lucky Strike Metals, LLC, Michigan Properties Ecorse, LLC, OmniSource Athens, LLC, OmniSource Bay City, LLC, OmniSource Indianapolis, LLC, and OmniSource Mexico, LLC provide that we shall indemnify a person against expenses, judgments, settlements, penalties and fines if such person is made or threatened to be made a party to a proceeding by reason of the fact that the person was or is a member of the company, so long as the member acted in good faith and, when the conduct was taken in such person's official capacity, in a manner reasonably believed by such member to have been in our best interest. In the case of criminal action, indemnification is authorized if the member had reasonable cause to believe the conduct was lawful. Unless the member is successful in a proceeding on the merits, indemnification shall be made only upon a determination that indemnification is permissible because the member met the applicable standard of conduct.
We may advance or reimburse reasonable expenses incurred by a person entitled to indemnification, in advance of final disposition, if the person furnishes us with a written affirmation of
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his or her good faith belief that the applicable standard of conduct was observed, accompanied by a written undertaking to repay the advance if it is ultimately determined that the applicable standards were not met.
The inclusion of such indemnification provisions does not preclude us from providing indemnification in any other manner.
New Millennium Building Systems, LLC
Operating Agreement. The Amended and Restated Operating Agreement of New Millennium Building Systems, LLC provides that we shall fully indemnify its member for any claim asserted against the member in the member's capacity as a managing member.
The Delaware Corporations
Delaware General Corporation Law. Under the Section 145 of the Delaware General Corporation Law ("DGCL"), a corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that he or she is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding (i) if such person acted in good faith and in a manner that person reasonably believed to be in or not opposed to the best interests of us and (ii) with respect to any criminal action or proceeding, if he or she had no reasonable cause to believe such conduct was unlawful. In actions brought by or in the right of us, we may indemnify such person against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection with the defense or settlement of such action or suit if such person acted in good faith and in a manner that person reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification may be made in respect of any claim, issue or matter as to which that person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery of the State of Delaware or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all circumstances of the case, such person in fairly and reasonably entitled to indemnification for such expenses which the Court of Chancery or other such court shall deem proper. To the extent that such person has been successful on the merits or otherwise in defending any such action, suit or proceeding referred to above or any claim, issue or matter therein, he or she is entitled to indemnification for expenses (including attorneys' fees) actually and reasonably incurred by such person in connection therewith. The indemnification and advancement of expenses provided for or granted pursuant to Section 145 of the DGCL is not exclusive of any other rights of indemnification or advancement of expenses to which those seeking indemnification or advancement of expenses may be entitled, and a corporation may purchase and maintain insurance against liabilities asserted against any former or current, director, officer, employee or agent of the corporation, or a person who is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, whether or not the power to indemnify is provided by the statute.
SDI Investment Company
Bylaws. The Bylaws of SDI Investment Company provide that we shall indemnify a person who is made or is threatened to be made a party to a proceeding by reason of the fact that he or she is or was a director or officer of us or was serving at the request of us as a director, officer, employee, or
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agent of another corporation, partnership, joint venture, trust, or other enterprise, to the fullest extent authorized by the DGCL. Such indemnification extends to all expense, liability and loss reasonably incurred or suffered by such person, except to the extent related to a proceeding initiated by the person against us and not authorized by the board of directors.
We may advance or reimburse expenses incurred by a person entitled to indemnification, in advance of final disposition, provided that, if required by the DGCL, the individual furnishes us with a written undertaking to repay the advance if it is ultimately determined that the person is not entitled to indemnification.
If we fail to pay a claim for indemnification within sixty (60) days after receipt of such claim (or twenty (20) days in the case of an advance), the person seeking indemnification may bring suit against us to recover the claim. If successful in a suit as a claimant or as a defendant in a suit by us to enforce a written undertaking for advances, the person is entitled to the expenses of such suit.
The inclusion of such indemnification provisions does not preclude us from providing indemnification in any other manner.
We may purchase and maintain insurance on behalf of its directors, officers, employees or agents, insuring against liability arising from his or her status as a director, officer, employee, or agent, whether or not we would have the power to indemnify the individual against the same liability under the DGCL.
Steel of West Virginia, Inc.
SWVA, Inc.
Certificate of Incorporation. Our Certificates of Incorporation provide that we shall indemnify to the full extent permitted by the DGCL all persons it may indemnify under such law.
Marshall Steel, Inc.
Steel Ventures, Inc.
Certificate of Incorporation. Our Certificates of Incorporation provide that we shall indemnify a person to the full extent permitted by the DGCL against expenses, fines, judgments and amounts paid in settlement actually and reasonably incurred by such person in any threatened, pending or completed proceeding in which the person is involved by reason of the fact that he or she was or is a director or officer of the corporation or was serving another incorporated or unincorporated enterprise in such capacity at the request of us.
The Techs Industries, Inc.
Articles of Incorporation and Bylaws. Neither the Articles of Incorporation nor the Bylaws of The Techs Industries, Inc. contains provisions regarding the indemnification of directors or officers.
The Michigan Corporations
Michigan Business Corporation Act. Under Section 561 of the Michigan Business Corporation Act ("MIBCA"), a Michigan corporations may indemnify a person who was or is a party or is threatened to be made a party to a threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative and whether formal or informal, other than an action by or in the right of the corporation, by reason of the fact that such person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, partner, trustee, employee or agent of another enterprise, against expenses, including attorney's fees, judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred in connection therewith if the person acted in good faith and in a manner reasonably believed
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to be in or not opposed to the best interests of the corporation or its shareholders and, with respect to a criminal action or proceeding, if the person had no reasonable cause to believe his or her conduct was unlawful.
Under Section 562 of the MIBCA, a Michigan corporation may also provide similar indemnity to such a person for expenses, including attorney's fees, and amounts paid in settlement actually and reasonably incurred by the person in connection with actions or suits by or in the right of the corporation if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the interests of the corporation or its shareholders, except in respect of any claim, issue or matter in which the person has been found liable to the corporation, unless the court determines that the person is fairly and reasonably entitled to indemnification in view of all relevant circumstances, in which case indemnification is limited to reasonable expenses incurred. To the extent that such person has been successful on the merits or otherwise in defending any such action, suit or proceeding referred to above or any claim, issue or matter therein, he or she is entitled to indemnification for expenses (including attorneys' fees) actually and reasonably incurred by such person in connection therewith. The MIBCA also permits a Michigan corporation to purchase and maintain on behalf of such a person insurance against liabilities incurred in such capacities.
Jackson Iron & Metal Company, Inc.
Articles of Incorporation and Bylaws. The Bylaws of Jackson Iron & Metal Company, Inc. provide that we shall indemnify a director or officer against liability, including expenses and costs of defense, incurred in any proceeding, if that individual was made a party to the proceeding because the individual is or was a director or officer, or, at our request, was serving as a director, officer, partner, trustee, employee, or agent of another corporation, partnership, joint venture, trust, employee benefit plan, or other enterprise, whether or not for profit, so long as the individual's conduct was in good faith and with the reasonable belief, in connection with the individual's "official capacity," that the conduct was in our best interests, or, in all other cases, that the conduct was at least not opposed to our best interests. In the case of any criminal proceeding, the duty to indemnify applies so long as the individual either had reasonable cause to believe that the conduct was lawful, or had no reasonable cause to believe that the conduct was unlawful.
We may advance or reimburse for reasonable expenses incurred by a person entitled to indemnification, in advance of final disposition, if the individual furnishes us a written undertaking to repay the advance if it is ultimately determined that the applicable standards were not met.
Unless the director has been successful in the defense of a proceeding, in all cases, whether in connection with advancement of expenses during a proceeding, or afterward, we may not grant indemnification unless authorized in the specific case after a determination has been made that indemnification is permissible under the circumstances. The determination may be made either by our board of directors, by majority vote of a quorum consisting of directors not at the time parties to the proceeding, or, if a quorum cannot be so obtained, then by independent legal counsel. In the event that a person seeking indemnification believes that it has not been properly provided that person may apply for indemnification to the court conducting the proceeding or to another court of competent jurisdiction. In such a proceeding, a court is empowered to grant indemnification if it determines that the person is fairly and reasonably entitled to indemnification in view of all of the relevant circumstances, whether or not the person met the standard of conduct for indemnification.
We may purchase and maintain insurance on behalf of our directors, officers, employees or agents, insuring against liability arising from his or her status as a director, officer, employee, or agent, whether or not we would have the power to indemnify the individual against the same liability.
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The Ohio Corporation
Ohio General Corporation Law. Pursuant to Section 1701.13(E) of the Ohio Revised Code, a corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that he or she is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding (i) if such person acted in good faith and in a manner that person reasonably believed to be in or not opposed to the best interests of the corporation and (ii) with respect to any criminal action or proceeding, if he or she had no reasonable cause to believe such conduct was unlawful. In actions brought by or in the right of the corporation, a corporation may indemnify such person against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection with the defense or settlement of such action or suit if such person acted in good faith and in a manner that person reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification may be made in respect of (i) any claim, issue or matter as to which that person shall have been adjudged to be liable for negligence or misconduct in performance of his duty to the corporation unless, and only to the extent that, the court of common please or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all circumstances of the case, such person in fairly and reasonably entitled to indemnification for such expenses which the court of common please or such other court shall deem proper; or (ii) any action or suit in which the only liability asserted against a director is pursuant to section 1701.95 of the Ohio Revised Code. An Ohio corporation is required to indemnify a director or officer against expenses actually and reasonably incurred to the extent that the director or officer is successful in defending a lawsuit brought against him or her by reason of the fact that the director or officer is or was a director or officer of the corporation.
The indemnification provided for in Section 1701.13(E) of the Ohio Revised Code is not exclusive of any other rights of indemnification to which those seeking indemnification may be entitled, and a corporation may purchase and maintain insurance against liabilities asserted against any former or current, director, officer, employee or agent of the corporation, or a person who is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, whether or not the power to indemnify is provided by the statute.
Socar of Ohio, Inc.
Articles of Incorporation and Bylaws. Neither the Articles of Incorporation nor the Bylaws of Socar of Ohio, Inc. contains provisions regarding the indemnification of directors or officers.
The South Carolina Corporation
South Carolina Business Corporation Act. The South Carolina Business Corporation Act of 1988 ("SCBCA") provides that a corporation may indemnify an individual made a party to a proceeding because he is or was a director against liability incurred in the proceeding if: (1) he conducted himself in good faith; and (2) he reasonably believed (i) in the case of conduct in his official capacity with the corporation, that his conduct was in its best interests; and (ii) in all other cases, that his conduct was at least not opposed to its best interests; and (3) in the case of any criminal proceeding, he had no reasonable cause to believe his conduct was unlawful. Under the SCBCA, a South Carolina corporation may pay for or reimburse the reasonable expenses incurred by a director who is a party to a proceeding
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in advance of the final disposition of the proceeding if: (1) the director furnishes the corporation a written affirmation of his good faith belief that he has met the standard of conduct described in the preceding sentence; and (2) the director furnishes the corporation an undertaking, executed personally or on his behalf, to repay the advance if it is ultimately determined that he did not meet the standard of conduct; and (3) a determination is made that the facts then known to those making the determination would not preclude indemnification. Unless a corporation's articles of incorporation provide otherwise, the corporation may indemnify and advance expenses to an officer, employee or agent of the corporation who is not a director to the same extent as to a director. We may not indemnify a director (x) in connection with a proceeding by or in the right of the corporation in which the director was adjudged liable to the corporation; or (y) in connection with any other proceeding charging improper personal benefit to him, whether or not involving action in his official capacity, in which he was adjudged liable on the basis that personal benefit was improperly received by him. Unless limited by its articles of incorporation, a corporation must indemnify a director or officer who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which he was a party because he is or was a director or officer of the corporation against reasonable expenses incurred by him in connection with the proceeding. We may also purchase and maintain on behalf of a director or officer insurance against liabilities incurred in such capacities, whether or not we would have the power to indemnify him against the same liability under the statute.
New Millennium Building Systems, Inc.
Articles of Incorporation and Bylaws. Neither the Articles of Incorporation nor the Bylaws of New Millennium Building Systems, Inc. contains provisions regarding the indemnification of directors or officers.
The North Carolina Corporations
North Carolina Business Corporation Act. Chapter 55 of the North Carolina Business Corporation Act ("NCBCA") provides that a corporation may indemnify an individual made a party to a proceeding because the individual is or was a director against liability incurred in a proceeding if (i) the individual's conduct was in good faith, (2) the individual reasonably believed, in the case of conduct in the individual's official capacity with the corporation, that the individual's conduct was in the corporation's best interests, and in all other cases, that the individual's conduct was at least not opposed to the corporation's best interests; and (3) in the case of a criminal proceeding, the individual had no reasonable cause to believe the individual's conduct was unlawful. Unless limited by its articles of incorporation, a corporation must indemnify a director against reasonable expenses incurred by the director if the director was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party because the director is or was a director of the corporation. A corporation may advance or reimburse reasonable expenses incurred by a person entitled to indemnification, in advance of final disposition, if the individual furnishes the corporation a written undertaking to repay the advance if it is ultimately determined that the person is not entitled to indemnification. Unless the director has been successful in the defense of a proceeding, a corporation may not indemnify a director unless authorized in the specific case after a determination has been made that indemnification of the director is permissible in the circumstances because the director has met the standard of conduct set forth under the law.
Officers, unless the corporation's articles of incorporation provide otherwise, may be indemnified to the same extent as directors.
A corporation may purchase and maintain insurance on behalf of an individual who is or was a director, officer, employee, or agent of the corporation, or who, while a director, officer, employee, or agent of the corporation, is or was serving at the request of the corporation as a director, officer, partner, trustee, employee, or agent of another foreign or domestic corporation, partnership, joint
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venture, trust, employee benefit plan, or other enterprise, against liability asserted against or incurred by the individual in that capacity or arising from the individual's status as a director, officer, member, employee, or agent. The indemnification provided for or authorized by the NCBCA does not exclude other rights to indemnification that a person may have under a corporation's articles of incorporation, bylaws or certain other duly authorized agreements, except as to liability incurred on account of activities known or believed to be clearly in conflict with the best interests of the corporation.
Cohen and Green Salvage Co., Inc.
Raeford Salvage Company, Inc.
Lumberton Recycling Company, Inc.
Articles of Incorporation and Bylaws. The Restated Articles of Incorporation of Cohen and Green Salvage Co., Inc., Raeford Salvage Company, Inc., and Lumberton Recycling Company, Inc. provide that a director of the corporation shall have no personal liability for breach of any duty as a director, except with respect to acts or omissions that the director knew or believed at the time were clearly in conflict with the best interests of the corporation; liability for unlawful distributions; transactions from which the director derived an improper personal benefit; or acts or omissions occurring prior to the effectiveness of the Restated Articles. The Bylaws of Cohen and Green Salvage Co., Inc., Raeford Salvage Company, Inc., and Lumberton Recycling Company, Inc. provide that, except as modified by the corporation's Articles of Incorporation, the corporation shall indemnify a director or officer against liability, including expenses and costs of defense, incurred in any proceeding, if that individual was made a party to the proceeding because the individual is or was a director or officer, or, at our request, was serving as a director, officer, partner, trustee, employee, or agent of another corporation, partnership, joint venture, trust, employee benefit plan, or other enterprise, whether or not for profit, so long as the individual's conduct was in good faith and with the reasonable belief, in connection with the individual's "official capacity," that the conduct was in our best interests, or, in all other cases, that the conduct was at least not opposed to our best interests. In the case of any criminal proceeding, the duty to indemnify applies so long as the individual either had reasonable cause to believe that the conduct was lawful, or had no reasonable cause to believe that the conduct was unlawful. Conduct with respect to an employee benefit plan in connection with a matter the individual believed to be in the best interests of the participants in and beneficiaries of the plan is deemed conduct that satisfies the indemnification standard that the individual reasonably believed that the conduct was at least not opposed to our best interests.
We may advance or reimburse for reasonable expenses incurred by a person entitled to indemnification, in advance of final disposition, if the individual furnishes us with a written affirmation of his or her good faith belief that the applicable standard of conduct was observed, accompanied by a written undertaking to repay the advance if it is ultimately determined that the applicable standards were not met.
Unless the director has been successful in the defense of a proceeding, in all cases, whether in connection with advancement of expenses during a proceeding, or afterward, we may not grant indemnification unless authorized in the specific case after a determination has been made that indemnification is permissible under the circumstances. The determination may be made either by our board of directors, by majority vote of a quorum consisting of directors not at the time parties to the proceeding, or, if a quorum cannot be so obtained, then by majority vote of a committee duly designated by the board of directors consisting solely of two or more directors not at the time parties to the proceeding. Alternatively, the determination can be made by special legal counsel selected by the board of directors or the committee, or by the stockholders, excluding shares owned by or voted under the control of persons who are at the time parties to the proceeding. In the event that a person seeking indemnification believes that it has not been properly provided that person may apply for indemnification to the court conducting the proceeding or to another court of competent jurisdiction.
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In such a proceeding, a court is empowered to grant indemnification if it determines that the person is fairly and reasonably entitled to indemnification in view of all of the relevant circumstances, whether or not the person met the standard of conduct for indemnification.
We may purchase and maintain, and we do so purchase and maintain insurance on behalf of our directors, officers, employees or agents, insuring against liability arising from his or her status as a director, officer, employee, or agent.
The North Carolina Limited Liability Company
North Carolina Limited Liability Company Act. The North Carolina Limited Liability Company Act ("NCLLCA"), Sections 57C-3-31 and 57C-3-32 provide that, unless the articles of organization or operating agreement provide otherwise, a limited liability company shall indemnify managers, directors and executives for payments made and liabilities reasonably incurred in the authorized conduct of the company's business or for the preservation of its business or property; and members, managers, directors and executives who are wholly successful, on the merits or otherwise, in the defense of any proceeding to which the person was a party because the person is or was a member, manager, director or executive against reasonable expenses incurred in connection with the proceeding.
The indemnification provided for or authorized by the NCLLCA does not exclude other rights to indemnification that a person may have under a limited liability company's articles of organization or operating agreement, except as to liability incurred on account of activities known or believed to be clearly in conflict with the best interests of the limited liability company, transactions from which the person derived an improper personal benefit, or acts or omissions occurring prior to the effective date of the law; however, indemnification may be provided if approved by all members of the limited liability company.
A limited liability company may purchase and maintain insurance on behalf of an individual who is or was a manager, director, executive, officer, employee, or agent of the limited liability company, or who, while a manager, director, executive, officer, employee, or agent of the limited liability company, is or was serving at the request of the limited liability company as a director, executive, officer, partner, member, manager, trustee, employee or agent of another person against liability asserted against or incurred by the individual in that capacity or arising from the individual's status as a manager, director, executive, officer, employee, or agent.
Atlantic Scrap and ProcessingWilmington, LLC
The Articles of Organization of Atlantic Scrap and ProcessingWilmington, LLC eliminate the liability of a person who is serving or who has served as a manager for monetary damages for breach of duty as a manager. The 2008 Amended and Restated Operating Agreement provides that the company shall indemnify a person who is made party to a proceeding by reason of the fact that the person is or was a manager or member, if the manager or member acted in good faith and in a manner the person reasonably believed, in the case of conduct taken in such capacity, to be in the best interest of the company, or in all other cases, not opposed to the best interests of the company, or in a criminal case, if the manager or member had reasonable cause to believe such conduct was lawful. Indemnification is mandatory where such person has been successful on the merits or otherwise, in the defense of a proceeding, and otherwise authorized upon a determination that the person met the applicable standard of conduct.
We may advance or reimburse for reasonable expenses incurred by a person entitled to indemnification, in advance of final disposition, if the individual furnishes us with a written affirmation of his or her good faith belief that the applicable standard of conduct was observed, accompanied by a written undertaking to repay the advance if it is ultimately determined that the applicable standards were not met, and the facts then known do not preclude indemnification.
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A person will be deemed to have acted in good faith if the action is based on information, opinions reports or statements, including financial statements and other financial data, prepared by a member, manager or employees of the company or another enterprise reasonably believed to be reliable and competent, or the governing body of another enterprise.
The Virginia Limited Liability Companies
Virginia Limited Liability Company Act. Section 13.1-1009 of the Virginia Limited Liability Company Act permits a Virginia limited liability company, subject to the standards and restrictions set forth in its articles of organization or operating agreement, to indemnify and hold harmless any member, manager or other person from and against any and all claims and demands whatsoever, and to pay for or reimburse any member, manager or other person for reasonable expenses incurred by such a person who is party to a proceeding in advance of final disposition of the proceeding.
John W. Hancock, Jr., LLC
Operating Agreement. The Amended and Restated Operating Agreement of John W. Hancock, Jr., LLC provides that we shall fully indemnify its member for any claim asserted against the member in the member's capacity as a managing member.
The indemnification provisions set forth in the constituent documents described above, as well as the authority vested by applicable law in our boards of directors and in the limited liability companies' controlling persons to grant indemnification beyond that which is described above, may be sufficiently broad to provide indemnification of the directors, officers and controlling persons for liabilities arising under the Securities Act.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to the directors, officers and controlling persons pursuant to the foregoing provisions, we have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities, other than the payment of expenses incurred or paid by a director, officer or controlling person in the successful defense of any action, suit or proceeding, is asserted by such director, officer or controlling person in connection with the securities being registered, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by us is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
We have obtained liability insurance for the benefit of our directors, officers and controlling persons which provides coverage for losses of directors, officers and controlling persons for liabilities arising out of claims against such persons acting as our officers or directors, or for any of our subsidiaries, due to any breach of duty, neglect, error, misstatement, misleading statement, omission or act done by such directors and officers, except as prohibited by law.
The exhibits to this Registration Statement are listed on the Exhibit Index to this Registration Statement, which Exhibit Index is hereby incorporated by reference.
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(a) The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i) To include any prospectus required by Section10(a)(3) of the Securities Act of 1933;
(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement;
(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
provided, however, that paragraphs (i), (ii) and (iii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the SEC by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement.
(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(4) That, for the purpose of determining liability under the Securities Act to any purchaser:
(i) Each prospectus filed by the Registrant pursuant to Rule 424(b)(3)shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and
(ii) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by Section 10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to
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the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.
(b) That, for the purpose of determining liability of the registrants under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, in a primary offering of securities of the undersigned registrants pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrants will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
(i) any preliminary prospectus or prospectus of the undersigned registrants relating to the offering required to be filed pursuant to Rule 424;
(ii) any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrants or used or referred to by the undersigned registrants;
(iii) the portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrants or their securities provided by or on behalf of the undersigned registrants; and
(iv) any other communication that is an offer in the offering made by the undersigned registrants to the purchaser
(c) For purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(d) To file an application for the purpose of determining the eligibility of a trustee to act under subsection (a) of Section 310 of the Trust Indenture Act in accordance with the rules and regulations prescribed by the SEC under Section 305(b)(2) of the Trust Indenture Act.
(e) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
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Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Fort Wayne, State of Indiana, on June 3, 2009.
Steel Dynamics, Inc. | ||||||
By: |
/s/ THERESA E. WAGLER |
|||||
Name: | Theresa E. Wagler | |||||
Title: | Executive Vice President and Chief Financial Officer |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
* Keith E. Busse |
Chairman and Chief Executive Officer (Principal Executive Officer) |
|
* Mark D. Millett |
Executive Vice President and Director |
|
* Richard P. Teets, Jr. |
Executive Vice President and Director |
|
/s/ THERESA E. WAGLER Theresa E. Wagler |
Executive Vice President, Chief Financial Officer (Principal Financial Officer) (Principal Accounting Officer) |
|
* John C. Bates |
Director |
|
* Frank D. Byrne |
Director |
|
* Paul B. Edgerley |
Director |
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Name
|
Title
|
|
---|---|---|
* Richard J. Freeland |
Director | |
* Dr. Jürgen Kolb |
Director |
|
* James C. Marcuccilli |
Director |
|
* Joseph D. Ruffolo |
Director |
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Steel Dynamics Sales North America, Inc. | ||||||
By: |
* Name: Keith E. Busse Title: President |
|||||
Date: June 3, 2009 |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
* Keith E. Busse |
President, Chief Executive Officer and Director (Principal Executive Officer) | |
* Richard P. Teets, Jr. |
Vice President, Assistant Secretary and Director |
|
* Mark D. Millett |
Vice President and Director |
|
/s/ THERESA E. WAGLER Theresa E. Wagler |
Vice President and Director (Principal Financial Officer) (Principal Accounting Officer) |
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SDI Investment Company | ||||||
By: |
/s/ THERESA E. WAGLER Name: Theresa E. Wagler Title: President |
|||||
Date: June 3, 2009 |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
/s/ THERESA E. WAGLER Theresa E. Wagler |
President, Chief Financial Officer, and Director (Principal Executive Officer) (Principal Financial Officer) (Principal Accounting Officer) | |
* John J. Koach |
Director |
|
* Kent Weber |
Director |
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New Millennium Building Systems, LLC | ||||||
By: | Steel Dynamics, Inc., its sole member | |||||
By: |
/s/ THERESA E. WAGLER Name: Theresa E. Wagler Title: Executive Vice President and Chief Financial Officer |
|||||
Date: June 3, 2009 |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
* Keith E. Busse |
Chairman and Chief Executive Officer (Principal Executive Officer) |
|
* Mark D. Millett |
Executive Vice President and Director |
|
* Richard P. Teets, Jr. |
Executive Vice President and Director |
|
/s/ THERESA E. WAGLER Theresa E. Wagler |
Executive Vice President, Chief Financial Officer (Principal Financial Officer) (Principal Accounting Officer) |
|
* John C. Bates |
Director |
|
* Frank D. Byrne |
Director |
|
* Paul B. Edgerley |
Director |
|
* Richard J. Freeland |
Director |
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Name
|
Title
|
|
---|---|---|
* Dr. Jürgen Kolb |
Director | |
* James C. Marcuccilli |
Director |
|
* Joseph D. Ruffolo |
Director |
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John W. Hancock, Jr., LLC | ||||||
By: | Roanoke Electric Steel Corporation, its sole member | |||||
By: |
/s/ THERESA E. WAGLER Name: Theresa E. Wagler Title: Vice President |
|||||
Date: June 3, 2009 |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
* Keith E. Busse |
President and Director (Principal Executive Officer) | |
/s/ THERESA E. WAGLER Theresa E. Wagler |
Vice President (Principal Financial Officer) (Principal Accounting Officer) |
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Shredded Products II, LLC | ||||||
By: | Steel Dynamics, Inc., its sole member | |||||
By: |
/s/ THERESA E. WAGLER Name: Theresa E. Wagler Title: Executive Vice President and Chief Financial Officer |
|||||
Date: June 3, 2009 |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
* Keith E. Busse |
Chairman and Chief Executive Officer (Principal Executive Officer) | |
* Mark D. Millett |
Executive Vice President and Director |
|
* Richard P. Teets, Jr. |
Executive Vice President and Director |
|
/s/ THERESA E. WAGLER Theresa E. Wagler |
Executive Vice President, Chief Financial Officer (Principal Financial Officer) (Principal Accounting Officer) |
|
* John C. Bates |
Director |
|
* Frank D. Byrne |
Director |
|
* Paul B. Edgerley |
Director |
|
* Richard J. Freeland |
Director |
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Name
|
Title
|
|
---|---|---|
* Dr. Jürgen Kolb |
Director | |
* James C. Marcuccilli |
Director |
|
* Joseph D. Ruffolo |
Director |
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Roanoke Electric Steel Corporation | ||||||
By: |
/s/ THERESA E. WAGLER Name: Theresa E. Wagler Title: Vice President |
|||||
Date: June 3, 2009 |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
* Keith E. Busse |
President and Director (Principal Executive Officer) | |
/s/ THERESA E. WAGLER Theresa E. Wagler |
Vice President (Principal Financial Officer) (Principal Accounting Officer) |
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New Millennium Building Systems, Inc. | ||||||
By: |
/s/ THERESA E. WAGLER Name: Theresa E. Wagler Title: Secretary |
|||||
Date: June 3, 2009 |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
* Keith E. Busse |
President and Director (Principal Executive Officer) | |
/s/ THERESA E. WAGLER Theresa E. Wagler |
Vice President (Principal Financial Officer) (Principal Accounting Officer) |
II-25
Socar of Ohio, Inc. | ||||||
By: |
/s/ THERESA E. WAGLER Name: Theresa E. Wagler Title: Secretary |
|||||
Date: June 3, 2009 |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
* Keith E. Busse |
President and Director (Principal Executive Officer) | |
/s/ THERESA E. WAGLER Theresa E. Wagler |
Vice President (Principal Financial Officer) (Principal Accounting Officer) |
II-26
Steel of West Virginia, Inc. SWVA, Inc. Marshall Steel, Inc. Steel Ventures, Inc. |
||||||
By: |
/s/ THERESA E. WAGLER Name: Theresa E. Wagler Title: Vice President |
|||||
Date: June 3, 2009 |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
* Timothy R. Duke |
President, Treasurer and Chief Executive Officer (Principal Executive Officer) | |
/s/ THERESA E. WAGLER Theresa E. Wagler |
Vice President (Principal Financial Officer) (Principal Accounting Officer) |
|
* Keith E. Busse |
Director |
II-27
The Techs Industries, Inc. | ||||||
By: |
/s/ THERESA E. WAGLER Name: Theresa E. Wagler Title: Vice President |
|||||
Date: June 3, 2009 |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
* Keith E. Busse |
President (Principal Executive Officer) | |
* Mark D. Millett |
Vice President and Director |
|
/s/ THERESA E. WAGLER Theresa E. Wagler |
Vice President (Principal Financial Officer) (Principal Accounting Officer) |
II-28
OmniSource Corporation Industrial Scrap Corporation Admetco, Inc. Jackson Iron & Metal Company, Inc. |
||||||
By: |
/s/ THERESA E. WAGLER Name: Theresa E. Wagler Title: Vice President |
|||||
Date: June 3, 2009 |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
* Mark D. Millett |
President and Chief Operating Officer (Principal Executive Officer) |
|
* Keith E. Busse |
Director |
|
/s/ THERESA E. WAGLER Theresa E. Wagler |
Vice President (Principal Financial Officer) (Principal Accounting Officer) |
II-29
OmniSource Mexico, LLC OmniSource Transport, LLC OmniSource Southeast, LLC OmniSource Indianapolis, LLC OmniSource Athens Division, LLC Michigan Properties Ecorse, LLC Recovery Technologies, LLC Lucky Strike Metals, LLC Global Shredding Technologies, Ltd., LLC Auburn Investment Company, LLC Scientific Recycling Group, LLC Superior Aluminum Alloys, LLC OmniSource, LLC Industrial Scrap, LLC |
||||||
By: |
OmniSource Corporation, sole member |
|||||
By: |
/s/ THERESA E. WAGLER Name: Theresa E. Wagler Title: Vice President |
|||||
Date: June 3, 2009 |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
* Mark D. Millett |
President and Chief Operating Officer (Principal Executive Officer) |
|
* Keith E. Busse |
Director |
|
/s/ THERESA E. WAGLER Theresa E. Wagler |
Vice President (Principal Financial Officer) (Principal Accounting Officer) |
II-30
Atlantic Scrap and ProcessingWilmington, LLC Carolinas Recycling Group, LLC |
||||||
By: | OmniSource Southeast, LLC, its sole member | |||||
By: | OmniSource Corporation, its sole member | |||||
By: |
/s/ THERESA E. WAGLER Name: Theresa E. Wagler Title: Vice President |
|||||
Date: June 3, 2009 |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
* Mark D. Millett |
President and Chief Operating Officer (Principal Executive Officer) |
|
* Keith E. Busse |
Director |
|
/s/ THERESA E. WAGLER Theresa E. Wagler |
Vice President (Principal Financial Officer) (Principal Accounting Officer) |
II-31
Lumberton Recycling, Inc. Cohen & Green Salvage Co., Inc. Raeford Salvage Company, Inc. |
||||||
By: |
/s/ THERESA E. WAGLER Name: Theresa E. Wagler Title: Vice President |
|||||
Date: June 3, 2009 |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
* Marvin Siegel |
President (Principal Executive Officer) | |
* Keith E. Busse |
Director |
|
/s/ THERESA E. WAGLER Theresa E. Wagler |
Vice President (Principal Financial Officer) (Principal Accounting (Officer) |
II-32
Capitol City Metals, LLC | ||||||
By: | OmniSource Indianapolis, LLC, its sole member | |||||
By: | OmniSource Corporation, its sole member | |||||
By: |
/s/ THERESA E. WAGLER Name: Theresa E. Wagler Title: Vice President |
|||||
Date: June 3, 2009 |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
* Mark D. Millett |
President and Chief Operating Officer (Principal Executive Officer) |
|
* Keith E. Busse |
Director |
|
/s/ THERESA E. WAGLER Theresa E. Wagler |
Vice President (Principal Financial Officer) (Principal Accounting Officer) |
II-33
OmniSource Bay City, LLC | ||||||
By: | Jackson Iron & Metal Company, Inc., its sole member | |||||
By: |
/s/ THERESA E. WAGLER Name: Theresa E. Wagler Title: Vice President |
|||||
Date: June 3, 2009 |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on June 3, 2009.
Name
|
Title
|
|
---|---|---|
* Mark D. Millett |
President (Principal Executive Officer) | |
* Keith E. Busse |
Director |
|
/s/ THERESA E. WAGLER Theresa E. Wagler |
Vice President (Principal Financial Officer) (Principal Accounting Officer) |
For each registrant:
*By: | /s/ THERESA E. WAGLER Theresa E. Wagler Attorney- in- Fact |
II-34
Exhibit Number |
Description | ||
---|---|---|---|
1.1 | + | Form of Underwriting Agreement. | |
3.1a |
Amended and Restated Articles of Incorporation of Steel Dynamics, Inc., incorporated herein by reference from Exhibit 3.1a in our Registration Statement on Form S-1, SEC File No. 333-12521, effective November 21, 1996. |
||
3.1b |
Amendment to Article IV of the Amended and Restated Articles of Incorporation of Steel Dynamics, Inc., effective November 2, 2006, increasing the authorized shares to 200 million, incorporated herein by reference from Exhibit 3.1b to our report on Form 10-Q filed May 7, 2008. |
||
3.1c |
Amendment to Article IV of the Amended and Restated Articles of Incorporation of Steel Dynamics, Inc., effective March 27, 2008, increasing the authorized common shares to 400 million, incorporated herein by reference from Exhibit 3.1c to our report on Form 10-Q filed May 7, 2008. |
||
3.1d |
Amendment to Article IV of the Amended and Restated Articles of Incorporation of Steel Dynamics, Inc., effective June 2, 2009, increasing the authorized common shares to 900 million, incorporated herein by reference from Exhibit 3.1d to our report on Form 8-K filed June 3, 2009. |
||
3.2a |
Amended and Restated Bylaws of Steel Dynamics, Inc., incorporated herein by reference from Exhibit 3.1 to our Form 8-K filed July 6, 2006. |
||
4.12 |
* |
Form of Convertible Senior Note Indenture. |
|
5.1a |
* |
Form of Opinion of Barrett & McNagny LLP |
|
5.1b |
* |
Form of Opinion of Greenberg Traurig LLP |
|
12.1 |
* |
Computation of Ratio of Earnings to Fixed Charges |
|
23.1 |
* |
Consent of Independent Registered Public Accounting Firm |
|
23.2 |
* |
Consent of Barrett & McNagny LLP (included in Exhibit 5.1a) |
|
23.3 |
* |
Consent of Greenberg Traurig LLP (included in Exhibit 5.1b) |
|
24.1 |
* |
Powers of Attorney |
|
25.1 |
* |
Form T-1, Trustee's Statement of Eligibility |
II-35