01—Abstract
Summary
Summary of the 8-K filed May 12, 2025. Cited figures are marked; the original filing is the authoritative source.
Steel Dynamics, Inc. (STLD) filed a Form 8-K on May 12, 2025 to disclose senior leadership changes in its operations.
Glenn Pushis, Senior Vice President Special Projects, notified the company on May 9, 2025 that he will retire effective October 1, 2025. He will continue to provide consulting services after that date through the commissioning of the company's new aluminum flat rolled facilities during the year. Per the attached press release (Exhibit 99.1), he will become Chief Executive Officer of McBride Capital Partners "Project Aero," a U.S.-based company planning a titanium manufacturing facility in North Carolina.
Effective October 1, 2025, Miguel Alvarez, currently Senior Vice President Metals Recycling, will become Senior Vice President Aluminum Group. He will take responsibility for the company's aluminum operations, including the new strategic aluminum investments being commissioned under Mr. Pushis's leadership, and an ancillary recycled aluminum deox-rod facility. The company will name a new senior leader for its metals recycling platform in the coming weeks, according to the press release.
The filing describes these as operational leadership transitions. It does not contain financial results or quantitative information about the company's performance.
02—Key points
Key Highlights
- Glenn Pushis, SVP Special Projects, will retire effective October 1, 2025, after joining Steel Dynamics in 1994.
- Pushis will provide consulting services after October 1, 2025, through commissioning of the company's new aluminum flat rolled facilities during the year.
- Miguel Alvarez, SVP Metals Recycling, will become SVP Aluminum Group effective October 1, 2025.
- Alvarez will lead the new strategic aluminum investments and an ancillary recycled aluminum deox-rod facility.
- A new senior leader for the metals recycling platform will be announced in the coming weeks, per the press release.
- Pushis will become CEO of McBride Capital Partners "Project Aero," a planned titanium manufacturing facility in North Carolina.
- The filing was signed by CFO Theresa E. Wagler and dated May 12, 2025.
03—Questions
Frequently Asked Questions
Who is leaving Steel Dynamics and when?
Glenn Pushis, Senior Vice President Special Projects, will retire effective October 1, 2025. He notified the company on May 9, 2025.
What new role will Miguel Alvarez take on?
Effective October 1, 2025, Miguel Alvarez will move from Senior Vice President Metals Recycling to Senior Vice President Aluminum Group, overseeing the company's aluminum operations.
Will Glenn Pushis remain involved with the company after retiring?
Yes. After October 1, 2025, he will continue to provide consulting services through the commissioning of the company's new aluminum flat rolled facilities during the year.
Who will lead the metals recycling platform?
The company has not yet named a successor. The press release says it will announce a new senior leader for the metals recycling platform in the coming weeks.
Where is Glenn Pushis going next?
The press release states he will become Chief Executive Officer of McBride Capital Partners "Project Aero," a U.S.-based company planning to build a titanium manufacturing facility in North Carolina.
04—Continue