01—Abstract
Summary
Summary of the 8-K/A filed June 22, 2026. Cited figures are marked; the original filing is the authoritative source.
Nucor Corporation (NUE) filed Amendment No. 1 to its Current Report on Form 8-K to amend the Original 8-K it filed with the SEC on March 3, 2026, which covered, among other things, the retirement of Daniel R.
Needham. The amendment states that the rest of the Original 8-K's disclosure is unchanged. The substantive new disclosure concerns Mr. Needham's departure: on June 16, 2026, the Company and Mr. Needham entered into a Retirement, Separation, Waiver and Release Agreement, with his retirement effective June 20, 2026.
Under the agreement, in consideration for a comprehensive release of claims and his post-employment restrictive covenants, Mr. Needham will receive monthly payments of $254,972.34a for the 24 months following his retirement. His covenants include not competing with the Company, not disclosing confidential information or trade secrets, not soliciting customers or suppliers, not hiring Company employees, and not making disparaging statements. He has also agreed to assign to the Company any inventions or ideas conceived during his employment.
Effective June 20, 2026, he will resign from all positions with the Company and its subsidiaries and affiliates. The agreement, together with the surviving provisions of his Executive Employment Agreement effective February 1, 2021, is stated to contain the entire agreement between the parties on his employment. The full agreement is filed as Exhibit 10.1, and the filing includes an Inline XBRL cover page as Exhibit 104.
02—Key points
Key Highlights
- Amendment No. 1 amends the Original 8-K filed March 3, 2026, which concerned, among other things, the retirement of Daniel R. Needham; the otherwise unchanged disclosure carries forward.
- Retirement, Separation, Waiver and Release Agreement entered into June 16, 2026, with retirement effective June 20, 2026.
- Mr. Needham will receive monthly payments of $254,972.34 for 24 months following retirement, in exchange for a comprehensive release of claims and restrictive covenants.
- Restrictive covenants include a 24-month non-compete, non-solicitation of customers and suppliers, a 24-month no-hire provision, confidentiality, and a non-disparagement clause.
- Mr. Needham agreed to assign to the Company any inventions, designs or ideas conceived during his employment.
- Mr. Needham resigns from all positions with the Company and its direct and indirect subsidiaries and affiliates effective June 20, 2026.
- The agreement, with surviving provisions of the February 1, 2021 Executive Employment Agreement, is stated to be the entire agreement on his employment; the full text is filed as Exhibit 10.1.
03—Questions
Frequently Asked Questions
Who is leaving Nucor and when does the departure take effect?
Daniel R. Needham is retiring from his employment with Nucor under a Retirement, Separation, Waiver and Release Agreement dated June 16, 2026. His retirement is effective June 20, 2026, and he will resign from all Company positions as of that date.
What payments will the former executive receive?
Mr. Needham will receive monthly payments of $254,972.34 for the 24 months immediately following his retirement. The payments are conditioned on his comprehensive release of claims and his post-employment restrictive covenants.
What restrictions apply to Mr. Needham after he leaves?
For 24 months after retirement, he agreed not to compete with the Company, not to solicit or influence customers and suppliers in ways that favor competitors, and not to hire or encourage Company employees to leave. He also agreed not to disclose confidential information or trade secrets and not to make statements that defame or disparage the Company or its affiliates.
Why was this amendment filed?
The filing states that Amendment No. 1 amends the Original 8-K filed March 3, 2026, which covered, among other things, Mr. Needham's retirement. The disclosure in the Original 8-K otherwise remains unchanged, and the filing adds the June 2026 retirement agreement terms and Exhibit 10.1.
04—Continue