01—Abstract
Summary
Summary of the 8-K filed February 20, 2026. Cited figures are marked; the original filing is the authoritative source.
Nucor Corporation (NYSE: NUE) announced in an 8-K filed February 20, 2026 that its Board of Directors elected John L.
"Jack" Sullivan, currently Vice President, Treasurer and General Manager of Investor Relations, as Chief Financial Officer, Treasurer and Executive Vice President, effective March 1, 2026. He succeeds Stephen D. Laxton, who will continue as President and Chief Operating Officer.
The filing states that Laxton was promoted to President and Chief Operating Officer effective January 1, 2026, and that he served as CFO during this transition period, per the news release. Sullivan, 52, joined Nucor in 2022 as General Manager of Investor Relations and was promoted to his current role in 2025. Previously he spent 13 years at Duke Energy across treasury, corporate development and investor relations, and nine years in corporate and investment banking at Bank of America.
In connection with his election, his annual base salary will increase to $680,000a effective March 1, 2026. He will continue participating in the Senior Officers Annual Incentive Plan and Senior Officers Long-Term Incentive Plan, with awards for in-progress performance periods pro-rated for the salary increase, and will begin participating in the Supplemental Retirement Plan for Executive Officers. He remains eligible for equity awards under the 2025 Omnibus Incentive Compensation Plan.
The filing is a leadership change disclosure and contains no financial results, guidance or operating metrics. Chair and CEO Leon Topalian praised Sullivan's financial acumen and strategic insight, and thanked Laxton for his leadership as CFO during the transition.
02—Key points
Key Highlights
- Jack Sullivan elected CFO, Treasurer and Executive Vice President of Nucor, effective March 1, 2026, succeeding Stephen D. Laxton
- Laxton was promoted to President and Chief Operating Officer effective January 1, 2026, and will continue in that role
- Sullivan's annual base salary increases to $680,000 effective March 1, 2026
- Sullivan's in-progress incentive awards under the Senior Officers Annual and Long-Term Incentive Plans will be pro-rated for the salary increase
- Sullivan begins participation in the Supplemental Retirement Plan for Executive Officers
- Sullivan has prior experience at Duke Energy (13 years) and Bank of America (nine years), and joined Nucor in 2022
- The filing reports no financial results or guidance; it is limited to an executive leadership change
03—Questions
Frequently Asked Questions
Who is the new Nucor CFO and when does the change take effect?
John L. "Jack" Sullivan, previously Vice President, Treasurer and General Manager of Investor Relations, becomes Chief Financial Officer, Treasurer and Executive Vice President effective March 1, 2026. The Board elected him on February 19, 2026.
What happens to Steve Laxton?
Laxton continues as President and Chief Operating Officer. The news release states he was promoted to that role effective January 1, 2026, and served as CFO during the transition period.
What is Sullivan's compensation change?
Effective March 1, 2026, his annual base salary rises to $680,000. His in-progress Senior Officers Annual Incentive Plan and Long-Term Incentive Plan awards will be pro-rated to reflect the higher salary and target awards, and he remains eligible for equity awards under the 2025 Omnibus Incentive Compensation Plan.
What is Sullivan's professional background?
Sullivan, 52, spent 13 years at Duke Energy in treasury, corporate development and investor relations, and nine years in corporate and investment banking at Bank of America before joining Nucor in 2022 as General Manager of Investor Relations. He holds a B.A. from the University of North Carolina at Chapel Hill and an MBA from Wake Forest University.
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