Steel Dynamics (NASDAQ: STLD) details 2026 shareholder votes and Q2 dividend
Rhea-AI Filing Summary
Steel Dynamics, Inc. reported results from its Annual Meeting of Shareholders and announced a second quarter 2026 cash dividend. Shareholders elected all seven director nominees, ratified Ernst & Young LLP as auditor for 2026, and approved 2025 named executive officer compensation in an advisory vote.
A shareholder proposal titled “Avoid Political Spending Brand Damage” was not approved. The meeting had a strong quorum, with 130,419,078 of 144,722,225 shares represented, or 90.12% of shares outstanding as of the March 16, 2026 record date. The board declared a cash dividend of $0.53 per common share, payable to shareholders of record on June 30, 2026, with payment on or about July 10, 2026.
Positive
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8-K Event Classification
Key Figures
Key Terms
quorum financial
independent registered public accounting firm financial
advisory vote financial
broker non-votes financial
cash dividend financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 5.07 Submission of Matters to a Vote of Security Holders.
Steel Dynamics, Inc. (the “Company”) held its Annual Meeting of Shareholders on May 6, 2026. Of the 144,722,225 shares of common stock issued and outstanding as of the record date on March 16, 2026, 130,419,078 shares were present, in person or by proxy, thus constituting a quorum of 90.12% of the total shares outstanding and entitled to vote.
At the meeting, shareholders elected all seven 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 Company’s auditors for the year ending December 31, 2026; approved, by an advisory vote, named executive officer compensation for 2025; and did not approve the shareholder proposal titled “Avoid Political Spending Brand Damage.”
Set forth below are the final share voting results for each of the proposals.
| (1) | Election of seven (7) director nominees for a one-year term and until their successors are duly elected and qualified. |
| Director | Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||
| Mark D. Millett | 116,027,736 | 5,978,063 | 161,954 | 8,251,325 | ||||
| Sheree L. Bargabos | 116,771,490 | 355,036 | 5,041,227 | 8,251,325 | ||||
| Kenneth W. Cornew | 115,794,933 | 6,208,223 | 164,597 | 8,251,325 | ||||
| Traci M. Dolan | 118,508,096 | 3,497,857 | 161,800 | 8,251,325 | ||||
| Jennifer L. Hamann | 120,988,788 | 936,891 | 242,074 | 8,251,325 | ||||
| Bradley S. Seaman | 111,695,629 | 9,405,652 | 1,066,472 | 8,251,325 | ||||
| Luis M. Sierra | 114,999,638 | 2,105,844 | 5,062,271 | 8,251,325 |
| (2) | Proposal to ratify the appointment of Ernst & Young LLP independent registered public accounting firm as the Company’s auditors for the year ending December 31, 2026. |
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 120,147,443 | 10,078,447 | 193,188 | - |
| (3) | Proposal to approve, by an advisory vote, named executive officer compensation for 2025. |
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 114,604,654 | 7,138,942 | 424,157 | 8,251,325 |
| (4) | Shareholder proposal titled “Avoid Political Spending Brand Damage.” |
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 47,896,886 | 73,898,052 | 372,815 | 8,251,325 |
Item 8.01. Other Events
On May 7, 2026, Steel Dynamics, Inc. issued a press release titled “Steel Dynamics Announces Second Quarter 2026 Cash Dividend.” A copy of that press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
The following exhibit is filed with this report:
| Exhibit Number | Description | |
| 99.1 | A press release dated May 7, 2026, titled “Steel Dynamics Announces Second Quarter 2026 Cash Dividend.” |
| 104 | Cover Page Interactive Data File – the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
SIGNATURE
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 hereto duly authorized.
| STEEL DYNAMICS, INC. | ||
| /s/ Theresa E. Wagler | ||
| Date: May 8, 2026 | By: | Theresa E. Wagler |
| Title: | Executive Vice President and Chief Financial Officer | |
Exhibit 99.1
| Press Release May 7, 2026 |
|
Steel Dynamics Announces Second Quarter 2026 Cash Dividend
FORT WAYNE, INDIANA, May 7, 2026 / PRNewswire / Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company’s board of directors declared a second quarter cash dividend of $0.53 per common share. The dividend is payable to shareholders of record at the close of business on June 30, 2026 and is payable on or about July 10, 2026.
About Steel Dynamics, Inc.
Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company has also recently added aluminum operations, further diversifying its product offerings to supply aluminum flat rolled products with higher recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products.
Contact: Investor Relations — +1.260.969.3500