01—Abstract
Summary
Summary of the 8-K/A filed August 18, 2026. Cited figures are marked; the original filing is the authoritative source.
Steel Dynamics, Inc. (STLD) filed Amendment No. 1 to its Current Report on Form 8-K, which amends the company's August 4, 2026 Form 8-K.
The Explanatory Note states that the earlier report addressed, among other things, Mark D. Millett's planned retirement as Chief Executive Officer effective January 1, 2027, and related leadership transitions. The substantive disclosure under Item 5.02 concerns one-time transition awards.
At a meeting held on August 12, 2026, the Compensation Committee of the Board of Directors approved restricted stock unit grants to Barry Schneider and Christopher Graham. Each will receive restricted stock units valued at $2,000,000,a to be granted on December 15, 2026. Half of each award vests on December 15, 2028 and the other half vests on December 15, 2029.
Vesting in each case is subject to the executive remaining currently employed by the company. For investors, the filing is narrow in scope.
It discloses retention-oriented equity compensation tied to continued employment through the leadership transition, with vesting extending to December 2029. The filing does not contain financial results or other operating metrics.
02—Key points
Key Highlights
- Amendment No. 1 amends the company's Form 8-K filed August 4, 2026, which covered, among other things, the planned retirement of CEO Mark D. Millett effective January 1, 2027.
- The Compensation Committee approved one-time transition awards at a meeting held August 12, 2026.
- Barry Schneider and Christopher Graham will each receive restricted stock units in the amount of $2,000,000.
- The restricted stock units are scheduled to be granted on December 15, 2026.
- Half of each award vests on December 15, 2028, and the remaining half vests on December 15, 2029.
- Vesting is subject to each executive being currently employed by Steel Dynamics, Inc. at the vesting date.
- The filing was signed by Theresa E. Wagler, Executive Vice President and Chief Financial Officer, and dated August 18, 2026.
03—Questions
Frequently Asked Questions
Who is receiving the transition awards?
Barry Schneider and Christopher Graham are each receiving restricted stock unit awards of $2,000,000 under the one-time transition awards approved by the Compensation Committee.
When will the awards be granted and when do they vest?
The awards are to be granted on December 15, 2026. Half of each grant vests on December 15, 2028, and the other half vests on December 15, 2029.
Are the awards contingent on continued employment?
Yes. Vesting of each award is subject to the recipient being currently employed by the company.
What is the context for these awards?
The filing amends the company's August 4, 2026 Form 8-K, which addressed Mark D. Millett's planned retirement as Chief Executive Officer effective January 1, 2027, and related leadership transitions. The filing does not further explain the awards' purpose beyond describing them as one-time transition awards.
Does this filing include financial results?
No. The filing consists of the explanatory note, the Item 5.02 disclosure on the transition awards, and the signature page.
04—Continue