United States Steel Corporation (NYSE:X) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(d) On July 24, 2017, the board of directors of United States Steel Corporation (the “Corporation”) elected Mr. Eugene B. Sperling to serve on its board of directors, effective July 24, 2017, until the next annual meeting of stockholders. The committees on which Mr. Sperling will serve have not yet been determined.
The Corporation has not entered into any transactions with Mr. Sperling identified in Item 404(a) of Regulation
S-K and he will not be employed by the Corporation. Mr. Sperling was not elected to an arrangement or understanding between him and any other person.
Mr. Sperling will be paid an annual retainer fee and will participate in the Deferred Compensation Program for Non-Employee Directors (the “Plan”) and the Non-Employee Director Stock Program (“Stock Program”). A more detailed description of any retainer fees, the Plan and the Stock Program can be found in the Corporation’s definitive proxy statement filed on Schedule 14A with the Securities and Exchange Commission on March 14, 2017.
Item 8.01. Other Events
On July 24, 2017, the Corporation issued a press release related to the election of Mr. Sperling to the board of directors. The full text of the press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
9.01(d) Exhibits:
Exhibit No. 99.1
Description: Press Release dated July 24, 2017
UNITED STATES STEEL CORP ExhibitEX-99.1 2 ex99-1electionofdirector.htm EXHIBIT 99.1 Exhibit NEWS RELEASECONTACT: Meghan Cox Manager Corporate Communications T – (412) 433-6777 E – mmcox@uss.com FOR IMMEDIATE RELEASETHE HONORABLE GENE B. SPERLING ELECTED TO U. S. STEEL BOARD OF DIRECTORSPITTSBURGH,…To view the full exhibit click here
About United States Steel Corporation (NYSE:X)
United States Steel Corporation (U. S. Steel) is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular). The Flat-Rolled segment includes the operating results of U. S. Steel’s integrated steel plants and equity investees in the United States involved in the production of slabs, rounds, strip mill plates, sheets and tin mill products, as well as all iron ore and coke production facilities in the United States. The USSE segment includes the operating results of U. S. Steel Kosice (USSK), U. S. Steel’s integrated steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of U. S. Steel’s tubular production facilities, primarily in the United States, and equity investees in the United States and Brazil.