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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , DC 20549 FORM 10 - K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31 , 2020 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-39467 U UNIVERSAL STAINLESS & ALLOY PRODUCTS , INC . ( Exact name of Registrant as specified in its charter ) DELAWARE ( State or other jurisdiction of incorporation or organization ) 600 MAYER STREET , BRIDGEVILLE , PA 15017 ( Address of principal executive offices , including zip code ) ( Registrant's Securities registered pursuant to Section 12 ( b ) of the Act : Title of Each Class Common Stock , par value $ 0.001 per share Preferred Stock Purchase Rights Trading Symbol USAP 25-1724540 ( IRS Employer Identification No. ) ( 412 ) 257-7600 telephone number , including area code ) Name of Each Exchange on Which Registered The Nasdaq Stock Market , LLC The Nasdaq Stock Market , LLC Securities registered pursuant to Section 12 ( g ) of the Act : [ None ] No No Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Yes Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data file required to be submitted pursuant to Rule 405 of Regulation S - T during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes No Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company or an emerging growth company . See the definitions of " large accelerated filer ” , “ accelerated filer , " " smaller reporting company " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Large accelerated filer || ■ Non - accelerated filer Emerging growth company Accelerated filer Smaller reporting company If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Act ) . Yes No The aggregate market value of the voting stock held by non - affiliates of the registrant on June 30 , 2020 , based on the closing price of $ 8.60 per share on that date , was approximately $ 72,990,000 . For the purposes of this disclosure only , the registrant has assumed that its directors and executive officers are the affiliates of the registrant . The registrant has made no determination that such persons are " affiliates " within the meaning of Rule 405 under the Securities Act of 1933 . As of February 1 , 2021 , there were 8,883,788 shares of the registrant's common stock outstanding . DOCUMENTS INCORPORATED BY REFERENCE Part III of this Form 10 - K incorporates by reference portions of the Company's definitive Proxy Statement for the 2021 Annual Meeting of Stockholders .