8-K
filed May 16, 2023, 7:59 PM ET
ticker STLD
CIK 0001022671
other
confidence high
sentiment neutral
materiality 0.30
Steel Dynamics shareholders approve 2023 equity incentive plan and majority voting amendment
STEEL DYNAMICS INC
- 2023 Equity Incentive Plan approved; 9,000,000 share reserve with 2.09:1 fungible ratio for full-value awards.
- Articles amended to require majority vote for directors in uncontested elections; plurality only in contested elections.
- All ten director nominees elected with strong support; auditor Ernst & Young LLP ratified.
- Advisory vote on 2022 executive compensation passed with 132M for, 11M against.
- Future say-on-pay votes will be annual, consistent with stockholder preference.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
STEEL DYNAMICS INC: Changed the standard for election of directors in uncontested elections to majority of votes cast (effective 2023-05-11).
- Change
- charter amendment
- Effective
- 2023-05-11
Exact text from the filing
The Board of Directors of the Company recommended to Stockholders, and the Stockholders approved, at the Company’s Annual Meeting of Stockholders on May 11, 2023, an Amendment to the Company’s Amended and Restated Articles of Incorporation to change the standard of election in uncontested elections of directors to a majority of votes cast.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
STEEL DYNAMICS INC shareholders approved Approval of an Amendment to the Company's Amended and Restated Articles of Incorporation to provide for election of directors by majority vote. at the 2023-05-11 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-05-11
Exact text from the filing
(6) Proposal to approve an Amendment to the Company's Amended and Restated Articles of Incorporation to provide for election of directors by majority vote. Votes For Votes Against Abstentions Broker Non-Votes 143,866,510 141,177 71,178 10,364,463
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
STEEL DYNAMICS INC shareholders approved Advisory vote on the frequency of future advisory votes on named executive officer compensation. at the 2023-05-11 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-11
Exact text from the filing
(3) Proposal to recommend, by advisory vote, the frequency of future advisory votes on named executive officer compensation. Votes For Every One (1) Year Votes For Every Two (2) Years Votes For Every Three (3) Years Abstentions Broker Non-Votes 137,192,395 355,758 6,418,362 112,350 10,364,463
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
STEEL DYNAMICS INC shareholders approved Ratification of the appointment of Ernst & Young LLP independent registered public accounting firm as the Company's auditors for the year ending December 31, 2023. at the 2023-05-11 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-11
Exact text from the filing
(2) Proposal to ratify the appointment of Ernst & Young LLP independent registered public accounting firm as the Company's auditors for the year ending December 31, 2023. Votes For Votes Against Abstentions Broker Non-Votes 143,867,094 10,187,090 389,144 -
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
STEEL DYNAMICS INC shareholders approved Approval of the Steel Dynamics, Inc. 2023 Equity Incentive Plan. at the 2023-05-11 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-05-11
Exact text from the filing
(5) Proposal to approve the Steel Dynamics, Inc. 2023 Equity Incentive Plan. Votes For Votes Against Abstentions Broker Non-Votes 135,607,592 7,917,656 553,617 10,364,463
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
STEEL DYNAMICS INC shareholders approved Advisory vote to approve named executive officer compensation for 2022. at the 2023-05-11 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-11
Exact text from the filing
(4) Proposal to approve, by an advisory vote, named executive officer compensation for 2022. Votes For Votes Against Abstentions Broker Non-Votes 132,030,432 11,134,656 913,777 10,364,463
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
STEEL DYNAMICS INC shareholders approved Election of ten (10) director nominees for a one-year term. at the 2023-05-11 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-11
Exact text from the filing
Election of ten (10) director nominees for a one-year term. Director Votes For Votes Withheld Broker Non-Votes Mark D. Millett 133,094,112 10,984,753 10,364,463 Sheree L. Bargabos 142,265,043 1,813,822 10,364,463 Kenneth W. Cornew 135,643,580 8,435,285 10,364,463 Traci M. Dolan 138,991,856 5,087,009 10,364,463 James C. Marcuccilli 133,285,563 10,793,302 10,364,463 Bradley S. Seaman 121,494,195 22,584,670 10,364,463 Gabriel L. Shaheen 139,349,938 4,728,927 10,364,463 Luis M. Sierra 142,462,086 1,616,779 10,364,463 Steven A. Sonnenberg 137,766,307 6,312,558 10,364,463 Richard P. Teets, Jr. 141,977,008 2,101,857 10,364,463
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.