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
TheStreet Open House

Olympic Steel Announces Passing Of Founder And Chairman Emeritus Sol Siegal

Stocks in this article: ZEUS

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs