01—Abstract
Summary
Summary of the 8-K filed May 8, 2026. Cited figures are marked; the original filing is the authoritative source.
Steel Dynamics, Inc. (NASDAQ/GS: STLD) filed this Form 8-K to report the results of its Annual Meeting of Shareholders held May 6, 2026, and to furnish a press release announcing its second quarter 2026 cash dividend.
A quorum was present, with 130,419,078 of the 144,722,225 shares outstanding as of the March 16, 2026 record date represented in person or by proxy. Shareholders elected all seven director nominees to one-year terms, ratified Ernst & Young LLP as auditor for the year ending December 31, 2026, and approved, on an advisory basis, named executive officer compensation for 2025. Shareholders did not approve the shareholder proposal titled "Avoid Political Spending Brand Damage," which received 47,896,886 votes for and 73,898,052 votes against.
Board-level governance outcomes were therefore routine, with all nominees receiving majority support in the vote counts shown, though several directors received notably higher vote-against or abstention totals than others. Separately, the board declared a second quarter cash dividend of $0.53a per common share, payable July 10, 2026 (or on or about that date) to shareholders of record at the close of business on June 30, 2026. The filing itself contains no financial results beyond these items.
02—Key points
Key Highlights
- Annual Meeting held May 6, 2026; 130,419,078 shares present, constituting a quorum of 90.12% of shares outstanding and entitled to vote
- All seven director nominees elected to one-year terms, including Mark D. Millett, Sheree L. Bargabos, Kenneth W. Cornew, Traci M. Dolan, Jennifer L. Hamann, Bradley S. Seaman and Luis M. Sierra
- Ernst & Young LLP ratified as independent registered public accounting firm for the year ending December 31, 2026, with 120,147,443 votes for and 10,078,447 against
- Advisory vote on 2025 named executive officer compensation approved, with 114,604,654 votes for and 7,138,942 against
- Shareholder proposal "Avoid Political Spending Brand Damage" not approved: 47,896,886 for, 73,898,052 against, 372,815 abstentions
- Board declared a second quarter 2026 cash dividend of $0.53 per common share, payable on or about July 10, 2026 to holders of record on June 30, 2026
- Seaman received the highest number of votes against among director nominees at 9,405,652
03—Questions
Frequently Asked Questions
What dividend did Steel Dynamics declare and when is it payable?
The board declared a second quarter 2026 cash dividend of $0.53 per common share. It is payable to shareholders of record at the close of business on June 30, 2026, and is payable on or about July 10, 2026.
Were all board nominees elected at the 2026 annual meeting?
Yes. Shareholders elected all seven director nominees to serve one-year terms until their successors are duly elected and qualified. Vote counts varied by nominee, with Bradley S. Seaman receiving 9,405,652 votes against and 1,066,472 abstentions, the highest against and abstention figures among the nominees, while Jennifer L. Hamann received 120,988,788 votes for.
Did shareholders approve the company's executive compensation?
Yes. Shareholders approved, by advisory vote, named executive officer compensation for 2025, with 114,604,654 votes for, 7,138,942 votes against, 424,157 abstentions, and 8,251,325 broker non-votes.
What was the outcome of the shareholder proposal on political spending?
The proposal titled "Avoid Political Spending Brand Damage" was not approved. It received 47,896,886 votes for, 73,898,052 votes against, and 372,815 abstentions, with 8,251,325 broker non-votes.
Which independent auditor did shareholders ratify?
Shareholders ratified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the year ending December 31, 2026, with 120,147,443 votes for, 10,078,447 votes against, and 193,188 abstentions.
04—Continue