STEEL DYNAMICS,INC. (NASDAQ:STLD) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.
Steel Dynamics,Inc. (the Company) held its Annual Meeting of
Stockholders on May18, 2017. Of the 242,383,332 shares of common
stock issued and outstanding as of the record date on March20,
2017, 225,101,782 shares were present, in person or by proxy,
thus constituting a quorum of 92.87% of the total shares
outstanding and entitled to vote.
At the meeting, stockholders elected all ten of the directors
nominated by the Board of Directors, to serve for a term of one
year and until their successors are duly elected and qualified;
ratified the appointment of Ernst Young LLP independent
registered public accounting firm as the Companys auditors for
the year ending December31, 2017; and approved, by an advisory
vote, named executive officer compensation for 2016. In addition,
the Board of Directors recommended and stockholders selected, by
an advisory vote, to have future advisory votes on named
executive officer compensation on an annual basis. In light of
such vote and consistent with the recommendation of the Companys
Board of Directors, the Company will continue to include an
advisory stockholder vote on the annual compensation of named
executive officers each year. The Company will continue this
practice until the stockholders next vote on the frequency of
such votes, at which time it will consider the results of that
advisory vote.
Set forth below is the final share voting results for each of the
proposals.
(1) Election of ten (10)director nominees for a one-year term.
|
Director |
|
VotesFor |
|
VotesWithheld |
|
BrokerNon-Votes |
|
|
Mark D. Millett |
203,519,878 |
6,613,955 |
14,967,949 |
||||
|
Keith E. Busse |
202,667,999 |
7,465,834 |
14,967,949 |
||||
|
Frank D. Byrne, M.D. |
150,554,948 |
59,578,885 |
14,967,949 |
||||
|
Kenneth W. Cornew |
207,204,524 |
2,929,309 |
14,967,949 |
||||
|
Traci M. Dolan |
205,974,629 |
4,159,204 |
14,967,949 |
||||
|
Dr.Jrgen Kolb |
141,737,454 |
68,396,379 |
14,967,949 |
||||
|
James C. Marcuccilli |
147,685,842 |
62,447,991 |
14,967,949 |
||||
|
Bradley S. Seaman |
154,062,303 |
56,071,530 |
14,967,949 |
||||
|
Gabriel L. Shaheen |
151,735,151 |
58,398,682 |
14,967,949 |
||||
|
Richard P. Teets,Jr. |
204,003,757 |
6,130,076 |
14,967,949 |
(2) Proposal to ratify the appointment of Ernst Young LLP
independent registered accounting firm as the Companys auditors
for the year ending December31, 2017.
|
VotesFor |
|
VotesAgainst |
|
Abstentions |
|
BrokerNon-Votes |
|
|
219,458,724 |
4,895,318 |
747,740 |
|
(3) Proposal to recommend, by advisory vote, the frequency of
future advisory votes on named executive officer compensation.
|
VotesForEvery One(1)Year |
|
VotesForEvery Two(2)Years |
|
VotesForEvery Three(3)Years |
|
Abstentions |
|
Broker Non-Votes |
|
|
183,737,030 |
602,526 |
25,211,543 |
582,734 |
14,967,949 |
(4) Proposal to approve, by an advisory vote, named executive
officer compensation for 2016.
|
VotesFor |
|
VotesAgainst |
|
Abstentions |
|
BrokerNon-Votes |
|
|
203,575,553 |
3,377,749 |
3,180,531 |
14,967,949 |
About STEEL DYNAMICS, INC. (NASDAQ:STLD)
Steel Dynamics, Inc. is a steel producing and a metal recycling company. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations. It offers a range of steel products, such as sheet products, long products and steel finishing. The steel operations segment includes Butler Flat Roll Division, Columbus Flat Roll Division, The Techs galvanizing lines, Structural and Rail Division, Engineered Bar Products Division, Roanoke Bar Division, Steel of West Virginia and Iron Dynamics. The metals recycling operations segment consists of OmniSource Corporation. The fabrication operations produce steel building components. The Other Operations segment consists of subsidiary operations and smaller joint ventures. STEEL DYNAMICS, INC. (NASDAQ:STLD) Recent Trading Information
STEEL DYNAMICS, INC. (NASDAQ:STLD) closed its last trading session up +1.13 at 35.10 with 2,712,549 shares trading hands.
