CLEVELAND-CLIFFS INC. — fact timeline

CLEVELAND-CLIFFS INC. shareholders approved Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for 2026 at the 2026-05-14 meeting.

“Proposal No. 3: Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for 2026 This proposal received an affirmative vote of more than a majority of the shares present, in person or represented by proxy, at the Annual Meeting and entitled to vote”

CLEVELAND-CLIFFS INC. shareholders approved Approval, on an Advisory Basis, of our Named Executive Officers' Compensation at the 2026-05-14 meeting.

“Proposal No. 2: Approval, on an Advisory Basis, of our Named Executive Officers' Compensation This proposal received an affirmative vote of more than a majority of the shares present, in person or represented by proxy, at the Annual Meeting and entitled to vote”

CLEVELAND-CLIFFS INC. shareholders approved Election of Directors at the 2026-05-14 meeting.

“Proposal No. 1: Election of Directors All of the Company's nominees were elected as directors by the votes indicated below for a term that will expire on the date of the Company's 2027 annual meeting of shareholders”

CLEVELAND-CLIFFS INC. reported first quarter for the quarter ended March 31, 2026 results: revenue $4.9 billion, net income GAAP net loss of $229 million, or $0.42 per diluted share. Guidance reaffirmed.

“for the period ended March 31, 2026. First-Quarter Consolidated Results • Steel shipments of 4.1 million net tons, a 338,000 increase from the prior quarter • Revenues of $4.9 billion, a $600 million increase from the prior quarter • GAAP net loss of $229 million, or $0.42 per diluted share • Adjusted EBITDA 2 of $95 million, inclusive of an $80 million”

CLEVELAND-CLIFFS INC. incurred senior notes of $275,000,000 at 7.625% maturing January 15, 2034.

“On October 10, 2025, Cleveland-Cliffs Inc. (the “Company”) issued an additional $275,000,000 aggregate principal amount of 7.625% Senior Guaranteed Notes due 2034 (the “Additional Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).”

CLEVELAND-CLIFFS INC. incurred senior notes of $850,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 7.625% maturing January 15, 2034.

“On September 8, 2025, Cleveland-Cliffs Inc. (the “Company”) issued $850,000,000 aggregate principal amount of 7.625% Senior Guaranteed Notes due 2034 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).”

CLEVELAND-CLIFFS INC. incurred senior notes of $850,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 7.500% maturing September 15, 2031.

“On February 6, 2025, Cleveland-Cliffs Inc. (the “Company”) issued $850,000,000 aggregate principal amount of 7.500% Senior Guaranteed Notes due 2031 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).”

Jane M. Cronin was appointed as Director at CLEVELAND-CLIFFS INC..

“On January 3, 2025, the Board of Directors (the “Board”) of Cleveland-Cliffs Inc. (the “Company”) appointed Jane M. Cronin to the Board, effective immediately.”

CLEVELAND-CLIFFS INC. completed an acquisition involving Stelco Holdings Inc. for C$60.00 in cash plus 0.454 of a share of Cliffs’ common stock per Stelco Share (closed 2024-11-01).

“(the “ Effective Time ”), each Stelco Share outstanding immediately prior to the Effective Time was transferred by the holder thereof to Purchaser in exchange for (a) C$60.00 in cash (the “ Cash Consideration ”) plus (b) 0.454 of a share of Cliffs’ common stock (“ Cliffs Common Stock ”), $0.125 par value per share (together with the Cash Consideration”

Janet L. Miller resigned as member of the Board of Directors at CLEVELAND-CLIFFS INC..

“On June 26, 2024, Janet L. Miller submitted her resignation, effective as of June 28, 2024, as a member of the Board of Directors of Cleveland-Cliffs Inc.”

CLEVELAND-CLIFFS INC. shareholders approved Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for 2024 at the 2024-05-16 meeting.

“Proposal No. 3: Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for 2024 This proposal received an affirmative vote of more than a majority of the shares present, in person or represented by proxy, at the Annual Meeting and entitled to vote. The voting results were as follows: FOR 368,365,867 AGAINST 8,395,943 ABSTAIN 3,050,637”

CLEVELAND-CLIFFS INC. shareholders approved Approval, on an Advisory Basis, of our Named Executive Officers' Compensation at the 2024-05-16 meeting.

“Proposal No. 2: Approval, on an Advisory Basis, of our Named Executive Officers' Compensation This proposal received an affirmative vote of more than a majority of the shares present, in person or represented by proxy, at the Annual Meeting and entitled to vote. The voting results were as follows: FOR 220,508,328 AGAINST 75,276,815 ABSTAIN 4,114,345 BROKER NON-VOTES 79,912,959”

CLEVELAND-CLIFFS INC. shareholders approved Election of Directors at the 2024-05-16 meeting.

“All of the Company's nominees were elected as directors by the votes indicated below for a term that will expire on the date of the Company's 2025 annual meeting of shareholders: NOMINEES FOR WITHHELD BROKER NON-VOTES Lourenco Goncalves 281,486,375 18,413,113 79,912,959 Douglas C. Taylor 289,072,079 10,827,409 79,912,959 John T. Baldwin 289,439,723 10,459,765 79,912,959 Ron A. Bloom 294,378,504 5,520,984 79,912,959 Susan M. Green 289,597,778 10,301,710 79,912,959 Ralph S. Michael, III 285,166,593 14,732,895 79,912,959 Janet L. Miller 292,387,445 7,512,043 79,912,959 Ben Oren 286,801,987 13,097,501 79,912,959 Gabriel Stoliar 293,691,653 6,207,835 79,912,959 Arlene M. Yocum 293,687,560 6,211,928 79,912,959”

CLEVELAND-CLIFFS INC. reported first quarter ended March 31, 2024 results: revenue $5.2 billion, net income $53 million, EPS $0.14 per diluted share. Guidance reaffirmed.

“reported first-quarter results for the period ended March 31, 2024. First Quarter 2024 Highlights • Repurchased 30.4 million shares, or 6% of total outstanding • Revenues of $5.2 billion • Steel shipments of 3.9 million net tons • GAAP net loss of $53 million and adjusted net income 1 of $87 million • Adjusted EPS 1 of $0.18 per diluted share • Adjusted EBITDA 2”

CLEVELAND-CLIFFS INC. incurred senior notes of $825,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 7.000% maturing March 15, 2032.

“On March 18, 2024, Cleveland-Cliffs Inc. (the “Company”) issued $825,000,000 aggregate principal amount of 7.000% senior unsecured guaranteed notes due 2032 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).”

CLEVELAND-CLIFFS INC. entered into Indenture with U.S. Bank Trust Company, National Association valued at $825,000,000 aggregate principal amount of 7.000% senior unsecured guaranteed notes due 2032 (effective 2024-03-18).

“On March 18, 2024, Cleveland-Cliffs Inc. (the “Company”) issued $825,000,000 aggregate principal amount of 7.000% senior unsecured guaranteed notes due 2032 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).”

CLEVELAND-CLIFFS INC. reported financial results for the fourth-quarter and full-year financial results for the period ended December 31, 2023.

“On January 29, 2024, Cleveland-Cliffs Inc. issued a news release announcing the fourth-quarter and full-year financial results for the period ended December 31, 2023.”

Ron A. Bloom was appointed as Director at CLEVELAND-CLIFFS INC..

“On January 3, 2024, the Board of Directors (the “Board”) of Cleveland-Cliffs Inc. (the “Company”) appointed Ron A. Bloom to the Board, effective immediately.”

CLEVELAND-CLIFFS INC. reported third quarter 2023 for the period ended September 30, 2023 results: revenue Revenues of $5.6 billion, net income Net income of $275 million, EPS Earnings per diluted share attributable to Cliffs shareholders of $0.52.

“Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2023. Selected financial results for the third quarter of 2023 include: • Revenues of $5.6 billion • Steel shipments of 4.1 million net tons, including record automotive shipments • Net income of $275 million • Earnings per diluted share attributable to Cliffs shareholders of $0.52”

CLEVELAND-CLIFFS INC. shareholders approved Non-binding advisory vote on the frequency of the advisory vote on the compensation paid to the Company's named executive officers at the 2023-05-17 meeting.

“in a non-binding advisory vote on the frequency of the advisory vote on the compensation paid to the Company's named executive officers ("say-on-pay") the Company’s shareholders voted in favor of holding say-on-pay votes annually”

CLEVELAND-CLIFFS INC. reported second quarter of 2023 results: revenue $6.0 billion, net income $356 million, EPS $0.67 per diluted share.

“Second-quarter 2023 revenues were $6.0 billion, compared to $5.3 billion in the first quarter of 2023. For the second quarter of 2023, the Company recorded net income of $356 million, or $0.67 per diluted share attributable to Cliffs shareholders.”

CLEVELAND-CLIFFS INC. amended revolving credit of $4,750 million with Bank of America, N.A., as administrative agent maturing June 9, 2028.

“The Fourth Amendment, among other things, increases the amount of tranche A revolver commitments available thereunder by an additional $250 million to an aggregate principal amount of $4,750 million and extends the maturity date of all such commitments from March 13, 2025 to June 9, 2028.”

CLEVELAND-CLIFFS INC. amended Fourth Amendment to Asset-Based Revolving Credit Agreement with Bank of America N.A., as administrative agent, and the lenders party thereto valued at $250 million (effective 2023-06-09).

“On June 9, 2023, Cleveland-Cliffs Inc., an Ohio corporation (the “Company”), entered into the Fourth Amendment to Asset-Based Revolving Credit Agreement (the “Fourth Amendment”), by and among the Company, the lenders party thereto and Bank of America N.A., as administrative agent (the “Agent”).”

CLEVELAND-CLIFFS INC. shareholders approved Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for 2023 at the 2023-05-17 meeting.

“Proposal No. 4: Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for 2023”

CLEVELAND-CLIFFS INC. shareholders approved Approval, on an Advisory Basis, of the Frequency of Future Shareholder Votes on our Named Executive Officers' Compensation at the 2023-05-17 meeting.

“Proposal No. 3: Approval, on an Advisory Basis, of the Frequency of Future Shareholder Votes on our Named Executive Officers' Compensation”

CLEVELAND-CLIFFS INC. shareholders approved Approval, on an Advisory Basis, of our Named Executive Officers' Compensation at the 2023-05-17 meeting.

“Proposal No. 2: Approval, on an Advisory Basis, of our Named Executive Officers' Compensation”

CLEVELAND-CLIFFS INC. shareholders approved Election of Directors at the 2023-05-17 meeting.

“Proposal No. 1: Election of Directors”

CLEVELAND-CLIFFS INC. reported first-quarter 2023 results: revenue $5.3 billion, net income GAAP net loss of $42 million, EPS $0.11 per diluted share. Guidance lowered.

“First-quarter 2023 revenues were $5.3 billion, compared to $5.0 billion in the fourth quarter of 2022. For the first quarter of 2023, the Company recorded a GAAP net loss of $42 million, corresponding to a GAAP net loss per diluted share attributable to Cliffs shareholders of $0.11.”

CLEVELAND-CLIFFS INC. incurred senior notes of $750,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 6.750% maturing April 15, 2030.

“On April 14, 2023, Cleveland-Cliffs Inc. (the “Company”) issued $750,000,000 aggregate principal amount of 6.750% senior unsecured guaranteed notes due 2030 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).”

CLEVELAND-CLIFFS INC. entered into Indenture for 6.750% Senior Unsecured Guaranteed Notes due 2030 with U.S. Bank Trust Company, National Association valued at $750,000,000 aggregate principal amount of 6.750% senior unsecured guaranteed notes due 2030 (effective 2023-04-14).

“On April 14, 2023, Cleveland-Cliffs Inc. (the “Company”) issued $750,000,000 aggregate principal amount of 6.750% senior unsecured guaranteed notes due 2030 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).”

CLEVELAND-CLIFFS INC. reported first quarter of 2023 results: revenue approximately $5.2 billion. Guidance reaffirmed.

“Cleveland-Cliffs Inc. (NYSE: CLF) today provided its preliminary first-quarter financial results for the period ended March 31, 2023. Selected financial results expectations for the first quarter of 2023 include: • Steel shipments of 4.1 million net tons • Revenues of approximately $5.2 billion • Adjusted EBITDA 1 of approximately $200 million”

CLEVELAND-CLIFFS INC. reported financial results for the fourth-quarter and full-year financial results for the period ended December 31, 2022.

“On February 13, 2023, Cleveland-Cliffs Inc. issued a news release announcing the fourth-quarter and full-year financial results for the period ended December 31, 2022.”

Maurice D. Harapiak departed as Executive Vice President, Human Resources & Chief Administration Officer at CLEVELAND-CLIFFS INC..

“Maurice D. Harapiak has departed from his position as Executive Vice President, Human Resources & Chief Administration Officer of Cleveland-Cliffs Inc.”

Maurice D. Harapiak departed as Executive Vice President, Human Resources & Chief Administration Officer at CLEVELAND-CLIFFS INC..

“On April 22, 2022, Cleveland-Cliffs Inc. (the “Company”) announced that Maurice D. Harapiak is departing from the Company and his roles as Executive Vice President, Human Resources & Chief Administration Officer and an employee, effective as of April 22, 2022.”

Eric M. Rychel resigned as member of the Board of Directors at CLEVELAND-CLIFFS INC..

“On December 7, 2021, Eric M. Rychel submitted his resignation, effective as of December 8, 2021, as a member of the Board of Directors of Cleveland-Cliffs Inc. (the “Company”).”

Keith A. Koci was elected as Executive Vice President & President, Cleveland-Cliffs Services at CLEVELAND-CLIFFS INC..

“On August 27, 2021, the Board of the Directors of the Company elected Keith A. Koci, age 56, as Executive Vice President & President, Cleveland-Cliffs Services, effective September 1, 2021.”

Clifford T. Smith was elected as Executive Vice President & President, Cleveland-Cliffs Steel at CLEVELAND-CLIFFS INC..

“On August 27, 2021, the Board of the Directors of the Company elected Clifford T. Smith, age 61, as Executive Vice President & President, Cleveland-Cliffs Steel, effective September 1, 2021.”

Celso L. Goncalves Jr. was elected as Executive Vice President, Chief Financial Officer at CLEVELAND-CLIFFS INC..

“On August 27, 2021, the Board of Directors of Cleveland-Cliffs Inc. (the “Company”) elected Celso L. Goncalves Jr., age 33, as Executive Vice President, Chief Financial Officer of the Company, effective September 1, 2021.”