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): March 3, 2008
Metal Management, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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1-33044
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94-2835068 |
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(State or Other Jurisdiction of
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(Commission File Number)
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(IRS Employer Identification No.) |
Incorporation) |
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325 N. LaSalle Street, Suite 550, Chicago, Illinois
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60610 |
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(Address of Principal Executive Offices)
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(Zip Code) |
(312) 645-0700
(Registrants Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.
Compensatory Arrangements with our Principal Financial Officer and certain Named Executive
Officers.
On March 3, 2008, the compensation committee of the board of directors of Metal Management, Inc.
(the Company) approved the issuance of cash awards to certain of the Companys named executive
officers and other employees in recognition of their efforts with respect to the Companys merger
with Sims Group Limited, a corporation organized under the laws of Victoria, Australia (Sims),
pursuant to that Agreement and Plan of Merger dated as of September 24, 2007 between Sims, MMI
Acquisition Corporation, a Delaware corporation and a wholly owned subsidiary of Sims, and the
Company. As disclosed in the proxy statement/prospectus dated
February 12, 2008 relating to the Companys merger with
Sims, Mr. Daniel W. Dienst, the Companys Chief Executive
Officer, was not eligible to receive an award under this program.
Messrs. Robert C. Larry, Alan D. Ratner and Larry S. Snyder were awarded the following cash
amounts:
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Award Recipient |
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Title |
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Cash Award Amount |
Robert C. Larry |
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Executive Vice President, Finance, Chief Financial Officer, Treasurer
and Secretary |
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675,000 |
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Alan D. Ratner |
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President, Metal Management Northeast, Inc. |
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$ |
375,000 |
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Larry S. Snyder |
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Executive Vice President, Non-Ferrous Sales |
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$ |
50,000 |
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