This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Olympic Steel Announces Passing Of Founder And Chairman Emeritus Sol Siegal

CLEVELAND, May 31, 2013 (GLOBE NEWSWIRE) -- Olympic Steel, Inc. (Nasdaq:ZEUS), a leading national metals service center, today announced Founder and Chairman Emeritus Sol Siegal passed away on May 23, 2013. He was 88.

Mr. Siegal inspired an entrepreneurial culture at Olympic Steel—that endures to this day—emphasizing the Core Values and the well-being of the Company's employees, customers and communities.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=19093 .

The youngest of 10 children from an immigrant family, Mr. Siegal served in the United States Army during World War II and entered the steel business in 1946. In 1954, he and his oldest brother, Sam Sigel, founded Olympic Steel and began selling steel from a rented warehouse in Cleveland, Ohio. Thirty years after the formation of Olympic Steel, Michael D. Siegal, chairman and chief executive officer, purchased the privately owned family company and began to transform the enterprise into a publicly traded, leading North American steel service center with 36 locations. Today, with revenues of $1.3 billion and 1,900 employees, Olympic Steel is the 12 th largest service center in North America and continues to embrace the lessons and wisdom of its founder.

An active philanthropist, Mr. Siegal improved the lives of countless individuals through his generous support of humanitarian causes. A former Board member of the Jewish Federation of Cleveland, he was also active in the Jewish Federation of South Palm Beach, where he recently was honored for his consummate generosity. Mr. Siegal received the Tree of Life Award from the Jewish National Fund in 2010 and the Metal Service Center Institute's President Award for Lifetime Achievement in 2004. The Sol Siegal Scholarship Program has provided financial support to more than 80 Olympic Steel employees' family members since its inception in 2004.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs