Note 19 - Related Party Transactions

12 Months Ended

Dec. 31, 2016

19.	RELATED PARTY TRANSACTIONS:

In the

second

quarter of

2015,

the Company engaged Raymond James & Associates, an affiliate of Eagle Asset Management, to provide investment banking services related to a possible disposition of the Company’s Tubular Products business. This contract was terminated in

May

2016.

Eagle Asset Management was a substantial stockholder of the Company (owning more than

ten

percent of the Company’s common stock) until

September

30,

2015,

when Eagle Asset Management reported that it then owned less than

five

percent of the Company’s common stock. A nominal amount of reimbursable expenses were incurred by Raymond James during

2015.

During

2014,

the Company paid

$1.2

million to Raymond James & Associates for investment banking services related to the Company’s sale of its former OCTG business. Eagle Asset Management owned more than

ten

percent of the Company’s common stock at the time of the payment.