secwatch.observer — SEC 8-K summary
======================================

Issuer:     NUCOR CORP (NUE)
CIK:        0000073309
Form:       8-K
Filed at:   2023-12-15T23:59:59+00:00
Accession:  0001193125-23-296305
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73309/000119312523296305/0001193125-23-296305-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73309/000119312523296305/d615320d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-296305

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer