01—Abstract
Summary
Summary of the 8-K filed May 14, 2024. Cited figures are marked; the original filing is the authoritative source.
Nucor Corporation held its 2024 annual meeting of stockholders on May 9, 2024, according to this Current Report on Form 8-K filed May 14, 2024 under Item 5.07 (Submission of Matters to a Vote of Security Holders).
Stockholders elected all eight director nominees to serve until the 2025 annual meeting or until their successors are elected and qualified. Each nominee received more votes "for" than "withheld." The filing states that support ranged from 190,028,366 votes for Nicholas C. Gangestad (695,182 withheld) to 179,854,588 votes for Leon J.
Topalian (10,868,960 withheld). Stockholders also ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2024, with 204,953,781 votes for, 9,081,286 against, and 255,354 abstentions. In a non-binding advisory vote, stockholders approved the compensation of the named executive officers for 2023, with 175,734,588 votes for, 14,053,948 against, and 935,012 abstentions.
The advisory vote recorded 23,566,873 broker non-votes on the director and say-on-pay proposals. The filing states that each proposal is described in the company's definitive proxy statement on Schedule 14A, filed with the SEC on March 22, 2024. The 8-K reports voting outcomes only and contains no new financial results, guidance, or transactions.
02—Key points
Key Highlights
- Annual meeting held May 9, 2024; all eight director nominees elected to terms ending at the 2025 annual meeting.
- Every nominee received more votes "for" than "withheld"; Nicholas C. Gangestad had the highest support at 190,028,366 for and 695,182 withheld.
- Leon J. Topalian had the lowest support among nominees, with 179,854,588 for and 10,868,960 withheld.
- Stockholders ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2024 (204,953,781 for; 9,081,286 against; 255,354 abstentions).
- Stockholders approved, on an advisory basis, the compensation of named executive officers for 2023 (175,734,588 for; 14,053,948 against; 935,012 abstentions).
- The advisory say-on-pay vote recorded 14,053,948 votes against, the largest opposing count among the three proposals.
03—Questions
Frequently Asked Questions
When and where was Nucor's 2024 annual meeting held?
The filing states that Nucor held its 2024 annual meeting of stockholders on May 9, 2024. It does not identify a location.
Who was elected to the Nucor board?
Stockholders elected all eight nominees: Norma B. Clayton, Patrick J. Dempsey, Nicholas C. Gangestad, Christopher J. Kearney, Laurette T. Koellner, Michael W. Lamach, Leon J. Topalian, and Nadja Y. West. Each will serve until the 2025 annual meeting or until a successor is duly elected and qualified.
Did stockholders approve the auditor?
Yes. Stockholders ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2024, with 204,953,781 votes for, 9,081,286 against, and 255,354 abstentions.
How did stockholders vote on executive pay?
Stockholders approved, on an advisory basis, the compensation of the named executive officers for 2023, with 175,734,588 votes for, 14,053,948 against, and 935,012 abstentions. The filing lists 23,566,873 broker non-votes for this proposal.
Where can investors find more detail on these proposals?
The filing states that each proposal is further described in the company's definitive proxy statement on Schedule 14A, filed with the SEC on March 22, 2024.
04—Continue