Nucor CFO Jim Frias to Retire; Steve Laxton Named Successor Effective March 6

NUCOR CORP

Jim Frias, CFO since 2010, will retire June 11, 2022, and transition to advisor role on March 6.
Steve Laxton, VP of Business Development and Strategic Planning, promoted to CFO, Treasurer, and EVP.
Laxton's base salary increased to $550,000; eligible for senior officer incentive and retirement plans.
Frias helped Nucor return over $10B to stockholders since 2010 and maintained strong credit ratings.
Succession follows long-standing planning; Laxton has 19 years of experience at Nucor.

item 5.02 item 9.01

Executive movements

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Appointed

Stephen D. Laxton

Chief Financial Officer, Treasurer and Executive Vice President

NUE · NUCOR CORP

Effective: 2022-03-06
Filed: February 23, 2022, 6:59 PM ET

Also on February 21, 2022, the Company’s Board of Directors elected Stephen D. Laxton, the Company’s Vice President of Business Development and Strategic Planning, as Chief Financial Officer, Treasurer and Executive Vice President of the Company, effective March 6, 2022.

Departed

James D. Frias

Chief Financial Officer, Treasurer and Executive Vice President

NUE · NUCOR CORP

Effective: 2022-06-11
Successor: Stephen D. Laxton
Filed: February 23, 2022, 6:59 PM ET

On February 21, 2022, James D. Frias, Chief Financial Officer, Treasurer and Executive Vice President of Nucor Corporation (the “Company”), notified the Company’s Board of Directors that he will retire from the Company, effective June 11, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Stephen D. Laxton was elected as Chief Financial Officer, Treasurer and Executive Vice President at NUCOR CORP.

Action: elected
Role: Chief Financial Officer, Treasurer and Executive Vice President

Exact text from the filing

Also on February 21, 2022, the Company’s Board of Directors elected Stephen D. Laxton, the Company’s Vice President of Business Development and Strategic Planning, as Chief Financial Officer, Treasurer and Executive Vice President of the Company, effective March 6, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

James D. Frias departed as Chief Financial Officer, Treasurer and Executive Vice President at NUCOR CORP.

Action: retire
Role: Chief Financial Officer, Treasurer and Executive Vice President

Exact text from the filing

On February 21, 2022, James D. Frias, Chief Financial Officer, Treasurer and Executive Vice President of Nucor Corporation (the “Company”), notified the Company’s Board of Directors that he will retire from the Company, effective June 11, 2022.

View on SEC.gov

NUCOR CORP filing history →

Source: SEC EDGAR

accession 0001193125-22-050075

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