Nucor enters retirement agreement with former EVP James D. Frias; monthly payments $264,835 for 24 months

NUCOR CORP

James D. Frias retired from Nucor effective June 11, 2022, as previously disclosed.
He will receive $264,835.08/month for 24 months ($6.36M total) plus SERP payment of $4,595,136.
Restrictive covenants: non-compete, non-solicit, non-disclosure for 24 months.
Agreement includes full release of claims and 7-day revocation period; signed May 24, 2022.

item 5.02 item 9.01

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Departed

James D. Frias

Other Named Officer

NUE · NUCOR CORP

Effective: 2022-06-11
Filed: May 25, 2022, 7:59 PM ET

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) On May 24, 2022, the Company and Mr. Frias entered into a Retirement, Separation, Waiver and Release Agreement (the “Retirement Agreement”) in connection with Mr. Frias’ retirement from employment with the Company, effective June 11, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

James D. Frias retired as other_named_officer at NUCOR CORP.

Action: retired

Exact text from the filing

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) On May 24, 2022, the Company and Mr. Frias entered into a Retirement, Separation, Waiver and Release Agreement (the “Retirement Agreement”) in connection with Mr. Frias’ retirement from employment with the Company, effective June 11, 2022.

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Source: SEC EDGAR

accession 0001193125-22-159808

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