Real Industry, Inc. (NASDAQ:RELY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On October 5, 2017, Raj Maheshwari notified the Board of Directors (the “Board”) of Real Industry, Inc. (the “Company”) that he was resigning from the Board effective as of such date for personal reasons.He also served on the Audit and Nominating and Corporate Governance Committees of the Board.Mr. Maheshwari’s resignation from the Board was not due to any disagreement between Mr. Maheshwari and the Company regarding the Company’s operations, policies or practices. Effective October 8, 2017, William Hall has replaced Mr. Maheshwari as a member of the Audit Committee.
About Real Industry, Inc. (NASDAQ:RELY) Real Industry, Inc. is a holding company. The Company focuses on the operations of Real Alloy Holding, Inc. (Real Alloy), which is engaged in aluminum recycling. The Company’s segments include Real Alloy North America (RANA) and Real Alloy Europe (RAEU). The RANA segment includes aluminum melting, processing, recycling and alloying activities conducted in approximately 20 facilities located in the United States, Canada and Mexico. The RAEU segment’s operations primarily convert aluminum scrap, dross and other alloying agents, and deliver the recycled metal in ingot or molten form to customers from approximately six facilities located in Germany, Norway and Wales. Real Alloy’s aluminum recycling operations include the processing of scrap aluminum and by-products, and the manufacturing of wrought, cast, and specification or foundry alloys. Real Alloy offers a range of products and services to wrought alloy processors, automotive original equipment manufacturers, foundries and casters.