Nucor promotes Jack Sullivan to CFO role
Nucor Corporation announced that John L. “Jack” Sullivan has been elected as its new Chief Financial Officer, Treasurer and Executive Vice President, effective March 1, 2026.
Rhea-AI Filing Summary
Nucor Corporation announced that John L. “Jack” Sullivan has been elected as its new Chief Financial Officer, Treasurer and Executive Vice President, effective March 1, 2026. He succeeds Stephen D. Laxton, who remains President and Chief Operating Officer.
Sullivan, age 52, joined Nucor in 2022 as General Manager of Investor Relations and became Vice President, Treasurer and General Manager of Investor Relations in 2025. His background includes 13 years at Duke Energy in treasury, corporate development and investor relations, and nine years in corporate and investment banking at Bank of America.
In connection with his promotion, Sullivan’s annual base salary will be $680,000, and he will participate in Nucor’s senior officer annual and long-term incentive plans, with current-period awards pro-rated. He will also join the Supplemental Retirement Plan for Executive Officers and remain eligible for equity-based awards under Nucor’s 2025 Omnibus Incentive Compensation Plan.
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8-K Event Classification
FAQ
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What executive leadership change did Nucor (NUE) announce on February 19, 2026?
What is Jack Sullivan’s new compensation as Nucor (NUE) Chief Financial Officer?
Which incentive and retirement plans will Nucor (NUE) CFO Jack Sullivan participate in?
What prior experience does Nucor (NUE) CFO Jack Sullivan bring to the role?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(c) On February 19, 2026, the Board of Directors of Nucor Corporation (the “Company”) elected John L. “Jack” Sullivan, the Company’s Vice President, Treasurer and General Manager of Investor Relations, as Chief Financial Officer, Treasurer and Executive Vice President of the Company, effective March 1, 2026. Mr. Sullivan succeeds Stephen D. Laxton, who will continue to serve as President and Chief Operating Officer of the Company.
Mr. Sullivan, 52, began his career with Nucor in 2022 as General Manager of Investor Relations and was promoted to his current role in 2025. Mr. Sullivan previously worked for Duke Energy for 13 years, holding positions of increasing responsibility across treasury, corporate development and investor relations. Prior to joining Duke Energy, he spent nine years in corporate and investment banking at Bank of America. He holds a Bachelor of Arts degree from the University of North Carolina at Chapel Hill and a Master of Business Administration from Wake Forest University.
In connection with Mr. Sullivan’s election, effective March 1, 2026, (i) his annual base salary will be increased to $680,000, (ii) he will continue to participate in the Nucor Corporation Senior Officers Annual Incentive Plan and the Nucor Corporation Senior Officers Long-Term Incentive Plan, with the awards under such plans for the performance periods in progress as of the effective date of his promotion to be pro-rated to take into account the increase in his annual base salary and his target awards thereunder, (iii) he will commence participation in the Nucor Corporation Supplemental Retirement Plan for Executive Officers and (iv) he will continue to be eligible to receive equity-based awards under the Nucor Corporation 2025 Omnibus Incentive Compensation Plan.
There are no arrangements or understandings between Mr. Sullivan and any other persons pursuant to which he was selected as an officer. Mr. Sullivan has no family relationships with any of the Company’s directors or executive officers. There are no transactions involving the Company and Mr. Sullivan that the Company would be required to report pursuant to Item 404(a) of Regulation S-K.
A copy of the news release announcing the events described above is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
| 99.1 | News Release of Nucor Corporation dated February 20, 2026 | |
| 104 | Cover Page from this Current Report on Form 8-K, formatted in Inline XBRL (included in Exhibit 101) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NUCOR CORPORATION | ||||||
| Date: February 20, 2026 | By: | /s/ Stephen D. Laxton | ||||
| Stephen D. Laxton | ||||||
| President, Chief Operating Officer and Chief Financial Officer | ||||||
Exhibit 99.1
| News Release |
|
Nucor Announces Promotion of Jack Sullivan
to Chief Financial Officer, Treasurer and Executive Vice President
CHARLOTTE, N.C., February 20, 2026 – Nucor Corporation (NYSE: NUE) announced today that John L. “Jack” Sullivan, Vice President, Treasurer and General Manager of Investor Relations, will be promoted to Chief Financial Officer, Treasurer and Executive Vice President effective March 1, 2026. He will succeed Steve Laxton, who was promoted to President and Chief Operating Officer effective January 1, 2026.
Mr. Sullivan, 52, began his career with Nucor in 2022 as General Manager of Investor Relations and was promoted to his current role in 2025. Mr. Sullivan previously worked for Duke Energy for 13 years, holding positions of increasing responsibility across treasury, corporate development and investor relations. Prior to joining Duke Energy, he spent nine years in corporate and investment banking at Bank of America. He holds a Bachelor of Arts degree from the University of North Carolina at Chapel Hill and a Master of Business Administration from Wake Forest University.
“Jack will be a great addition to the executive leadership team,” commented Leon Topalian, Nucor’s Chair and Chief Executive Officer. “He is an accomplished leader whose strong financial acumen and strategic insight position him well to advance Nucor’s mission of creating sustainable long-term value for our shareholders, customers, teammates and the communities we serve. I would also like to thank Steve Laxton, who will continue as our President and Chief Operating Officer, for his leadership as CFO during this transition period.”
About Nucor
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel — in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America’s largest recycler.
Contact Information
For Investor/Analyst Inquiries –
Chris Jacobi, chris.jacobi@nucor.com, or Paul Donnelly, paul.donnelly@nucor.com
For Media Inquiries –
Katherine Miller, katherine.miller@nucor.com
Nucor Executive Offices: 1915 Rexford Road, Charlotte, North Carolina 28211
Phone 704-366-7000 Fax 704-362-4208 www.nucor.com