Edgar Filing: RYERSON TULL INC /DE/ - Form DEF 14A
2621 WEST 15th PLACE
CHICAGO, ILLINOIS 60608
The Board of Directors of Ryerson Tull, Inc. solicits the enclosed proxy for the 2003 Annual Meeting to be held on April 16, 2003.
Beginning on or about March 5, 2003, we will begin to solicit proxies by mail. We also may solicit proxies through our directors, officers and regular employees. We will pay all costs associated with this proxy solicitation, including a fee of $6,500 plus out-of-pocket expenses for MacKenzie Partners for its assistance. We will also reimburse brokers, banks and similar organizations for reasonable charges and expenses they incur in obtaining instructions from the beneficial owners of our common stock.
Our voting securities outstanding on February 28, 2003 consisted of 24, 813,538 shares of common stock with one vote per share and 80,325 shares of Series A $2.40 Cumulative Convertible Preferred Stock with one vote per share. All voting securities vote together without regard to class on the matters expected to be voted upon at the Annual Meeting.
On February 25, 1999, our majority-owned subsidiary became our wholly owned subsidiary, then named Ryerson Tull, Inc., and each share of pre-merger Ryerson Tull Class A common stock was converted into 0.61 shares of our common stock. Pre-merger Ryerson Tull then merged with us and we changed our name to Ryerson Tull, Inc. These mergers are together referred to as the RT Merger.
If you sign, date and return the enclosed proxy by mail, your shares will be voted as you direct. If you do not give any voting instructions, your shares will be voted FOR the Board s nominees for director, FOR the Ryerson Tull Annual Incentive Plan and in the discretion of the proxies on any other matters that may come before the meeting. You may revoke your proxy:
(1) by submitting a revocation letter dated subsequent to the proxy;
(2) by delivering a second signed proxy dated later than the first signed proxy; or
(3) by attending the Annual Meeting and voting in person or by proxy.
If you are a participant in the BuyDIRECTSM a direct purchase and sale plan for Ryerson Tull shares sponsored by The Bank of New York, shares credited to your account in that program will be voted only if and in the same manner as you vote your stock held of record. If you are not a stockholder of record, The Bank of New York, as custodian, will vote your shares only as you instruct. If you are a participant in the Ryerson Tull Savings Plan, Ryerson Tull shares credited to your account will be voted as you direct, but any direction (or any revocation of a prior direction) must be received by LaSalle National Bank, as Trustee for the Savings Plan, by 5:00 p.m., Chicago time, on April 15, 2003. Shares in the Savings Plan for which no direction is received by that time will be voted in the