01—Abstract
Summary
Summary of the 8-K/A filed June 2, 2026. Cited figures are marked; the original filing is the authoritative source.
Nucor Corporation filed Amendment No. 1 to its Current Report on Form 8-K to amend the Original 8-K it filed with the SEC on December 4, 2025, which concerned, among other things, the retirement of David A.
Sumoski. The disclosure in the Original 8-K otherwise remains unchanged. This amendment reports Item 5.02 and Item 9.01 information.
Under a Retirement, Separation, Waiver and Release Agreement dated May 28, 2026, Mr. Sumoski will retire effective June 13, 2026, and resign from all positions he holds with the Company and its direct and indirect subsidiaries and affiliates as of that date. The agreement, together with the surviving provisions of his Executive Employment Agreement effective January 1, 2021, is stated to contain the entire agreement between the parties and supersede prior agreements related to his employment. In exchange for a comprehensive release of claims and his post-employment restrictive covenants, Mr. Sumoski will receive monthly payments of $308,850.56a for 24 months following retirement.
The covenants include a 24-month non-compete, non-solicitation of customers, suppliers and employees, and non-disparagement, along with an assignment of inventions conceived during his employment. The full agreement is filed as Exhibit 10.1.
02—Key points
Key Highlights
- Amendment No. 1 amends the Original 8-K filed December 4, 2025, which covered the retirement of David A. Sumoski; otherwise the prior disclosure is unchanged.
- Retirement agreement dated May 28, 2026 sets Mr. Sumoski's retirement effective June 13, 2026, with resignation from all Company and subsidiary/affiliate positions on that date.
- Monthly payments of $308,850.56 for 24 months following retirement, conditioned on a release of claims and restrictive covenants.
- 24-month post-retirement non-compete, customer and supplier non-interference, employee non-solicitation, and non-disparagement covenants.
- Agreement states it, with surviving provisions of the January 1, 2021 Executive Employment Agreement, supersedes all prior agreements on his employment.
- Full agreement filed as Exhibit 10.1, which is a management or compensatory arrangement; Inline XBRL cover page filed as Exhibit 104.
03—Questions
Frequently Asked Questions
Who is leaving Nucor and when does the departure take effect?
David A. Sumoski is retiring from his employment with Nucor Corporation, effective June 13, 2026. He will resign from all positions he holds with the Company and its direct and indirect subsidiaries and affiliates on that date.
What payments will Mr. Sumoski receive after retirement?
He will receive monthly payments of $308,850.56 from the Company for the 24 months immediately following his retirement, in consideration for his release of claims and post-employment restrictive covenants.
What restrictions apply to Mr. Sumoski after he leaves?
For 24 months after retirement he agreed not to compete with the Company, not to encourage customers or suppliers to shift steel business away from Nucor, and not to hire or encourage employees to leave. He also agreed not to disclose confidential information or trade secrets and not to make disparaging statements. Inventions conceived during his employment will be assigned to the Company.
Why was this amendment filed?
The filing states that Amendment No. 1 amends the Original 8-K filed December 4, 2025, which addressed, among other things, Mr. Sumoski's retirement. The filing does not describe the specific changes beyond stating that the remaining disclosure is unchanged.
Where can investors find the full terms of the agreement?
The complete Retirement, Separation, Waiver and Release Agreement, including the Executive Employment Agreement attached as its Exhibit A, is filed as Exhibit 10.1 to the 8-K and is incorporated by reference.
04—Continue