Nucor amends SERP to lower normal retirement age from 58 to 55 with 7 years service

NUCOR CORP

Amended and restated Supplemental Retirement Plan for Executive Officers effective Dec 15, 2023.
Normal retirement eligibility now age 55 (down from 58) with 7 years of Executive Officer service, or age 60 regardless of service.
Monthly benefit unchanged: 3.36 times base salary paid for 24 months.
Early retirement benefits reduced by 1/84th per month if separation before 7 years; under age 55, benefit is 50% of calculated amount.
Plan applies to Executive Vice Presidents and more senior officers; Committee selects participants.

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